Lit Handlers Net Worth 2023 Update (Before & After Shark Tank)


Lit Handlers, Drink koozies with a handle, was started by Destiny Padgett in July 2017. As of August 2023, Lit Handler’s net worth is $2 Million and they’re pulling in a whopping $780,000 in annual revenue. 

On May 21, 2021, they appeared on Season 12 of Shark Tank USA and made a deal with Daymond John, for $200,000 for 20% equity. The final valuation was $1 Million, down from the founder’s initial estimate of $2 Million.

Lit Handlers is still in business as of August 25, 2023. They make a beverage handler that helps people hold their drinks without burning their hands. The company has been successful since appearing on Shark Tank. Lit Handlers has expanded its product line to include other items such as wine and ice cream handlers. You can select and purchase the Lit Handlers from the official website.

Lit Handler’s Net Worth

Net worth$2 Million
Annual Sales Revenue$780,000 
Profits
Lifetime Sales
Shark Tank InvestorDaymond John
FounderDestiny Padgett
Employees25

Lit Handlers Net Worth Timeline

Net Worth 2023$2 Million
Net Worth 2022$1.2 Million
Net Worth 2021$1 Million
Net worth valuation 2021 after appearing on Shark Tank  $1 Million
Net worth valuation 2021 before appearing on Shark Tank  $2 Million

Lit Handlers Pitch on Shark Tank

Company nameLit Handlers
ProductDrink koozies with a handle
EpisodeSeason 12 Episode 25
Founder Destiny Padgett
Asked for$200,000 for 10% equity
Final deal$200,000 for 20% equity
SharkDaymond John
LocationTexas

Lit Handlers Founder

Lit Handlers was founded by Lit Handlers in 2017. Destiny Padgett is the founder of Lit Handlers. She came up with the idea for the product after her children kept burning their hands on hot drinks. Lit Handlers is a company that makes beverage handlers that help people hold their drinks without burning their hands. Lit Handlers’s founder, Lit Handlers, has a net worth of USD 2 Million as of 2023.

Key accomplishments:

YearAccomplishment
2023Introduce a range of products made from 3mm neoprene, including handlers for cups, bottles, backpacks, lunch totes, fanny packs, and more
2022Lit Handlers has achieved success in sales, with reported annual revenue of approximately $1.2 million as of September 2022
2021The company appeared on Shark Tank and closed a deal with Daymond John

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 Spretz and its continued success.

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