Kent, an apparel product, was started by Stacy and Jeff Grace in 2016. As of December 2023, Kent’s net worth is $2 million and they’re pulling in a whopping $500K in annual revenue.
In September 2022, they appeared on season 05 of Shark Tank USA and made a deal with Daymond, $200,000 For 15% equity. The final valuation was $1.3 million, down from the founder’s initial estimate of $4 million.
As of 2023 December, the company is still in business. You can purchase products through e-commerce channels such as their website and Amazon.
Kent Net Worth
| Net worth | $2 million |
| Annual Sales Revenue | $500K |
| Profits | – |
| Lifetime sales | – |
| Investor | Daymond |
| Founders | Stacy and Jeff Grace |
| Employees | 1-20 employees |
Kent Net Worth Timeline
| Net Worth 2023 | $2 million |
| Net worth valuation 2022 after appearing on Shark Tank | $1.3 million |
| Net worth valuation 2022 before appearing on Shark Tank | $4 million |
Kent Pitch on Shark Tank
| Company name | Kent |
| Product | Composted briefs are made from 100% GOTS certified organic Pima cotton |
| Episode | Season 14 Episode 01 |
| Founders | Stacy and Jeff Grace |
| Asked for | $200,000 For 5% equity |
| Final deal | $200,000 For 15% equity |
| Shark | Daymond |
| Location | Los Angeles, USA |
Don’t miss these product from Season 14
Kent Founders
Kent was founded by Stacy and Jeff Grace in 2016. Stacy and Jeff Grace are a married couple with connections in the entertainment industry in Los Angeles. Stacy holds a master’s degree in strategic fashion marketing, while her husband has a bachelor’s degree in political economics. Stacy currently works as an Accounts Manager & Brand Partnerships at Liberty Ltd. Jeff is an instructor at FIDM/Fashion Institute of Design & Merchandising. Kent’s founders, Stacy and Jeff Grace, have a net worth of 2 million USD as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2017 | In the initial year, Kent achieved $30,000 in sales, and the next year, he increased it to $120,000. |
| 2022 | The company appeared on Shark Tank Season 14 and got the deal from Daymond. |
Conclusion
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 for Kent and its continued success.
