Le-Glue, a temporary glue, was started by Tripp Phillips and Lee Phillips in 2015. As of August 2023, Le-Glue net worth is $1.6 million and they’re pulling in a whopping $1 million in annual revenue.
In October 2019, they appeared on Season 10th of Shark Tank USA and made a deal with Kevin O’ Leary, $80,000 for 20% equity. The final valuation was $400K, down from the founder’s initial estimate of $500K.
The company keeps reaching its money goals, and you can easily find its products on its website and Amazon. It seems the company is still running as of August 2023.
Le-Glue Net Worth
| Net worth | $1.6 million |
| Annual Sales Revenue | $3 million |
| Profits | $1.55 million |
| Lifetime Sales | – |
| Shark Tank Investor | Kevin O’ Leary |
| Founder | Tripp Phillips and Lee Phillips |
| Employees | – |
Le-Glue Net Worth Timeline
| Net Worth 2023 | $1.6 million |
| Net Worth 2022 | $1.8 million |
| Net Worth 2021 | $1.5 million |
| Net Worth 2020 | $1 million |
| Net worth valuation 2019 after appearing on Shark Tank | $400K |
| Net worth valuation 2029 before appearing on Shark Tank | $500K |
Le-Glue Pitch on Shark Tank
| Company name | Le-Glue |
| Product | Glue Adhesive for Kids |
| Episode | Season 10 Episode 01 |
| Founders | Tripp Phillips and Lee Phillips |
| Asked for | $80,000 for 15% equity |
| Final deal | $80,000 for 20% equity |
| Shark | Kevin O’ Leary |
| Location | Georgia, United States |
Le-Glue Founders
Le-Glue was founded by Tripp Phillips and Lee Phillips in 2015. Tripp and Lee invented the product in 2014 when Tripp’s third-grade teacher asked the class to create something new. Le-Glue’s founders, Tripp Phillips and Lee Phillips, have a net worth of 4.8 million USD as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2019 | The company was appeared on Shark Tank |
| 2022 | In July 2022, the company made more than $1.2 million in sales, and they were selling about 15,000 units every month. |
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 Le-Glue and its continued success.