Lifebelt Net Worth 2023 Update (Before & After Shark Tank)
Lifebelt, a Vehicle Safety Belt, was started by Robert Allison in 2009. Lifebelt’s net worth was $1.7 Million at the time of their pitch in 2009 based on the $500,000 offer for 10% of the equity of the company.
They appeared on Season 1 of Shark Tank USA in 2009. However, the Sharks were not interested in investing in Lifebelt. But sharks were interested in the patent, so they offered prices for the patent but the founder rejected every offer and walked empty-handed.
Lifebelt is no longer in business. Their website and social media sites were not updated and disabled.
Lifebelt Net Worth
| Net worth | $1.7 Million (2021) |
| Lifetime sales | – |
| Investor | – |
| Founder | Robert Allison |
Lifebelt Net Worth Timeline
| Net Worth 2023 | Out Of Business |
| Net worth valuation in 2009 after appearing on Shark Tank | – |
| Net worth valuation in 2009 before appearing on Shark Tank | $5 Million |
Lifebelt Pitch on Shark Tank
| Company name | Lifebelt |
| Product | Vehicle Safety / Belts |
| Episode | Season 01 Episode 02 |
| Founder | Robert Allison |
| Asked for | $500,000 for 10% equity |
| Final deal | No deal |
| Sharks | None |
| Location | USA |
Don’t miss these products from Season 1
Lifebelt Founder
Lifebelt was founded by Robert Allison. The company launch date is unknown. Unfortunately, there is no information about the founders. Lifebelt’s founder, Robert Allison, has a net worth of USD 1.7 Million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2009 | Lifebelt appeared on Shark Tank |
Conclusion
Some companies that appear on the show have not achieved great success, and the Lifebelt was one of them. Sometimes businesses don’t succeed for many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Lifebelt went out of business, the company shutdown date was unknown. And the product is no longer available in the market.
