Kin Apparel Net Worth 2024 Shark Tank Update
Kin Apparel’s net worth is $1 million as of March 2024. The company generates a whopping $4.9 million in annual revenue. In October 2021, they appeared on Season 13 of Shark Tank USA and made a deal with Lori Greiner and Emma Grede for $200,000 for 30% of equity. The final valuation was $666,666, down from the founder’s initial estimate of $2 million.
Although Kin Apparel finalized their deal with Lori and Emma during the show, changes occurred afterward. Considering the future of the business, Kin Apparel’s owner decided to partner with Emma Grede alone, allowing her to retain a larger stake in the company. There is no precise information regarding how much Emma made through Kin Apparel. However, she mentioned her investment in Kin Apparel in her portfolio. The company witnessed significant growth in business after the show and securing a deal. Kin Apparel keeps thriving, expanding its product line as well as market reach. Their products are available for purchase on the company website.
Read what happened to Kin Apparel’s worth and net worth update in brief here.
Kin Apparel Net Worth
| Net worth | $1 million (2024) |
| Annual Sales Revenue | $4.9 million (2023) |
| Profits | Not disclosed |
| Lifetime sales | $5 million (2024) |
| Investors | Lori Greiner and Emma Grede |
| Founder | Philomina Kane |
| Employees | <20 |
As of 2024, Kin Apparel’s net worth is $1 million.
Kin Apparel sales and revenue
Kin Apparel is one of those companies that had massive sales growth after their appearance on Shark Tank. Philomina started the company by investing $500, and she managed to expand sales to $5 million just within a couple of years. Kin Apparel’s revenue doubled from the time of filming to $700,000, and currently, the company has an annual revenue of $4.9 million. The company has a high social media reach, with 232,000+ followers on Instagram and 172,000+ on TikTok. Observing current market reach and financial figures, Kin Apparel will likely have positive growth in the future trajectory.
Net worth timeline
| Net Worth 2024 | $1 million |
| Net worth valuation in 2021 after appearing on Shark Tank | $666,666 |
| Net worth valuation in 2021 before appearing on Shark Tank | $2 million |
How much did Lori Greiner and Emma Grede make from Kin Apparel?
After the show, Philomina decided to proceed with Emma Grede alone. Joining for an interview at CNBC, Philomina mentioned that “Emma Grede is currently my investor for half the price and half the percentage.” No information reveals how much Emma made from investing in Kin Apparel.
Competitors of the Kin Apparel?
The apparel industry is a highly competitive market in the U.S. Alternatives and competitors of Kin Apparel include Valentino, Steel City, Tracksmith, and Armani Jeans.
Don’t miss these products from Season 13
Kin Apparel Shark Tank Update
| Company name | Kin Apparel |
| Product | A company manufacturing sating-lined hoodies for natural hair |
| Episode | Season 13 Episode 01 |
| Founder | Philomina Kane |
| Asked for | $200,000 for 10% equity |
| Final deal | $200,000 for 30% equity |
| Sharks | Lori Greiner and Emma Grede |
| Location | Philadelphia, Pennsylvania |
With a revised deal, Kin Apparel could expand its business after Shark Tank. The company had huge numbers of orders coming soon after its appearance in the show. Philomina used the exposure gained from the show to improve her products and reach out to a wider customer base.
About Kin Apparel
Kin Apparel is a company manufacturing sating-lined hoodies for natural hair. Hoodies, scrunchies, hats, pillowcases, and car seat headrests are mostly made of cotton, but Kin Apparel uses satin instead. These satin-lined hoodies and accessories are an effective solution to protect hair from frizz, breakage, and damage. Besides protecting your hair, Kin Apparel always elevates your fashion look. These hair accessories are made with quality materials, and they are fashionable. Moreover, they match different types of hair, especially longer natural hairstyles like Afros.
Kin Apparel Founder
Philomina Kane is the founder of this business. Philomina is originally from Ghana. She was born and raised there and later moved to the United States. She completed her Bachelor’s degree at Princeton University, majoring in biology and health policy. Philomina has always embraced her native roots and started her YouTube Channel in 2014 to empower young black women to be proud of their roots. Before starting her entrepreneurial journey, she worked as marketing director at NaturAll Club. Philomina is a dedicated entrepreneur and a part-time digital content creator producing lifestyle, beauty, and inspirational videos.
FAQs
As of 2024, the company’s net worth is $1 million.
As of 2023, the company generated $4.9 million in annual revenue.
KIN Apparel’s revenue doubled from the time of filming to $700,000.
Yes, the company made a deal with Lori Greiner and Emma Grede for $200,000 for 30% of equity. However, after the show, the owner decided to partner with Emma Grede alone.
Yes, it is actively running the business.
