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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
FounderRobert Allison

Lifebelt Net Worth Timeline

Net Worth 2023Out 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 nameLifebelt
ProductVehicle Safety / Belts
EpisodeSeason 01 Episode 02
FounderRobert Allison
Asked for$500,000 for 10% equity
Final dealNo deal
SharksNone
LocationUSA

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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

YearAccomplishment
2009Lifebelt 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.

What do you think?

Written by GAG Team

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