Hot Tot, a Professional-grade hair product for children, was started by Megan Gage in 2011. As of September 2023, Hot Tot’s net worth is $5 Million, and they’re pulling in a whopping $3.1 Million in annual revenue.
On January 4, 2013, they appeared on Season 4 of Shark Tank USA and made a deal with Mark Cuban, for $75,000 for 40% equity. The final valuation was $187,500, down from the founder’s initial estimate of $333,333.
Hot Tot Hair Products company is still in business, and its products are available on the official website and on Amazon.
Hot Tot Net Worth
|Net worth||$5 Million (2023)|
|Annual Sales Revenue||$3.1 Million (2022)|
Hot Tot Net Worth Timeline
|Net Worth 2023||$5 Million|
|Net Worth 2022||$4 Million|
|Net Worth 2021||$3.5 Million|
|Net Worth 2020||$3 Million|
|Net worth valuation in 2013 after appearing on Shark Tank||$187,500|
|Net worth valuation in 2013 before appearing on Shark Tank||$333,333|
Hot Tot Pitch on Shark Tank
|Company name||Hot Tot|
|Product||Professional-grade hair products for children|
|Episode||Season 04 Episode 12|
|Asked for||$50,000 for 15% equity|
|Final deal||$75,000 for 40% equity|
Don’t miss these products from Season 4
Hot Tot Founder
Hot Tot was founded by Megan Gage in 2011. Megan Gage’s motherhood was the key inspiration for starting this company. She wanted to make the other motherhood lives easy as well. Hot Tot’s founder, Megan Gage, has a net worth of USD 5 Million as of 2023.
|2023||Hot Tot has become a household name for the children’s hair care industry.|
|2013||Hot Tot appeared on Shark Tank|
From their beginnings on Shark Tank to their current status as a thriving business. They have proven that with the right idea and execution, anything is possible. We can’t wait to see the future of Hot Tot and its continued success.