Grace and Lace is one of the most successful products to come out of the hit TV show Shark Tank, and its founder, Melissa and Rick Hinnant, are the people behind the Women’s Apparel Company. Melissa and Rick Hinnant have a net worth of 8.6 Million USD as of 2023.

 In this article, we’ll take a closer look at the quick facts you need to know about Melissa and Rick Hinnant and their journey to building an $8.6 million empire.

Full NamesMelissa Hinnant 
Rick Hinnant
BirthdatesMelissa Hinnant 1974   
Rick Hinnant 1978
BirthplacesMelissa Hinnant Leander,Texas
Rick Hinnant Leander,Texas
Previous occupationN/A
InventionWomens Apparel Company 
Shark Tank appearanceSeason 5, Episode 10
Shark Tank deal$175,000 for 10% by Robert Herjavec
Company founded2011
Company headquartersCedar Park, Texas, United States
Other productsN/A
Awards and recognitionN/A
Personal lifeMelissa Hinnant , Rick Hinnant are married and they have 2 children
Net worth$10 million (as of 2023)
PhilanthropyThey built two orphanages in the summer of 2014 and another five in 2015, taking a total of around 160 orphans off the street. (in 2019 opened 5 more orphanages)
And in 2016 they became directors for a school in India that houses over 400 male orphans.
In 2017 they opened their first Freedom Home, which saved 65 girls from the horrors of trafficking.
Future plansGrace and Lace plan to keep improving their women’s apparel company and to be the most iconic and respected leader in the modern bridal world.


Whether you are an entrepreneur looking for inspiration or just curious about the story behind Grace and Lace, there are always lessons to be learned from successful individuals like Melissa and Rick Hinnant. With a commitment to innovation, sustainability, and philanthropy, Hinnant’s are a true inspiration for entrepreneurs everywhere.

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