Lifter Hamper Net Worth 2026 Update
As of 2026, the Lifter Hamper is still in business through a licensing deal with Household Essentials, with annual revenue commonly reported around $1 million.
Lifter Hamper is a laundry hamper with a built-in spring-loaded base that rises as clothes are removed, reducing the need for bending and heavy lifting. Designed to ease back strain, it’s perfect for busy households, seniors, and those with mobility issues.
Whether in a laundry room or dorm, the Lifter Hamper makes handling laundry more convenient and ergonomic. Inventor Marvin Philip pitched Lifter Hamper on Shark Tank Season 4 but left without a deal.
Despite this, their appearance generated buzz and boosted sales, helping the business gain traction. As of 2026, Lifter Hamper is still in business through a licensing deal with Household Essentials, with the product sold through retailers like Amazon and The Home Depot.
The product remains a popular choice for those seeking a simple yet effective way to make laundry day easier.
Lifter Hamper’s Net Worth
| Net worth | $708,000 (Business Valuation) |
| Annual Sales Revenue | $1 million |
| Lifetime sales | Not available |
| Investor | None |
| Founders | Marvin Phillip |
| Employees | Not available |
Lifter Hamper Pitch on Shark Tank
| Company name | Lifter Hamper |
| Product | Bungee spring-loaded hamper |
| Episode | Season 04 Episode 04 |
| Founder | Marvin Phillip |
| Asked for | $85,000 for 12% equity |
| Final deal | No deal |
| Sharks | None |
| Location | Highland, California, United States |
Don’t miss these products from Season 4
Lifter Hamper Founder
Marvin Phillip founded Life Hamper in 2012. He is very passionate about when he comes to his inventions. Lifter Hamper’s founder, Marvin Phillip, has a net worth unknown as of 2026.
Key accomplishments
| Year | Accomplishment |
| 2012 | product was pitched on Shark Tank. |
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 Lifter Hamper and its continued success.
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