Glue adhesive for kids, Le-Glue, founded by Tripp and Lee Phillips, has experienced substantial growth since its appearance on Shark Tank in 2018. The company secured a deal with Kevin O’Leary for $80,000 in exchange for 20% equity.
This partnership has been instrumental in expanding Le-Glue’s reach. Today, Le-Glue has a net worth of $1.6 million and generates a whopping $3 million in annual revenue.
Le-Glue Net Worth
| Estimated Net worth | $1.6 million |
| Annual Sales Revenue | $3 million |
| Lifetime Sales | Not available |
| Shark Tank Investor | Kevin O’ Leary |
| Founder | Tripp Phillips and Lee Phillips |
| Employees | – |
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 |
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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 above $1.6 million as of 2024.
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.