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.
Le-Glue Net Worth
|Net worth||$1.6 million|
|Annual Sales Revenue||$3 million|
|Shark Tank Investor||Kevin O’ Leary|
|Founder||Tripp Phillips and Lee Phillips|
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
|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 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.
|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.|
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.