“Lifter Hamper” got featured on Shark Tank America in October 2012. The current net worth of Lifter Hamper is unknown, as the business is not in operation since 2021. And the product is no longer available in the market. According to our online research, Lifter Hamper went out of business in 2021.
| Lifter Hamper’s Net worth before appearing on Shark Tank | 708,333 USD (business valuation) |
| Lifter Hamper’s Current Net worth (2023) | Out of Business |
| Episode | Season 04 Episode 04 |
| Company name | Lifter Hamper |
| Product | Spring-loaded laundry hamper that raises clothes up from the bottom so that you don’t have to bend over |
| Founder | Marvin Phillip |
| Asked for | $85,000 for 12% Equity |
| Final deal | No deal |
| Shark | No shark |
| Business status | Out of Business |
| Location | USA |
Lifter Hamper’s founder, Marvin Phillip, has a net worth of 11 Million USD as of 2023.
Conclusion:
Some companies that appear on the show have not achieved great success, and the Lifter Hamper was one of them. Sometimes businesses don’t succeed because of 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, the Lifter Hamper went out of business in 2021. And the product is no longer available in the market.
