Nubrella Net Worth 2024 Update (Before & After Shark Tank)

"Nubrella" Net Worth 2023 Update

Nubrella, a hands-free umbrella and windbreaker system, was started by Alan Kaufman in 2002. As of May 2024, Nubrella net worth is $2 million and they’re pulling in a whopping $11.8 million in annual revenue. 

In February 2010, they appeared on season 01 of Shark Tank USA and made a deal with Kevin Harrington and Daymond John, for $200,000 for 51% of equity. The final valuation was $392,157, down from the founder’s initial estimate of $800,000.

Nubrella is still in business. It is a company that sells a wearable umbrella that protects the user from the rain from all sides. The Nubrella has since sold over 1 million units worldwide. To know more about their company, visit their official website.

Become Part of the Shark Tank

Passionate about Shark Tank? Discover success stories, insider secrets, unique innovations, entrepreneurial journeys, and the latest updates. Join our Facebook community now and be part of the excitement. The only place on the internet for Shark Tank fans!

Nubrella Net Worth

Net worth$2 million (2024)
Annual Sales Revenue$11.8 million (2023)
ProfitsNot publicly available
Lifetime salesNot publicly available
InvestorKevin Harrington and Daymond John
FounderAlan Kaufman
EmployeesNot publicly available

Nubrella Net Worth Timeline

Net Worth 2024$2 million
Net Worth 2023$1.5 million
Net Worth 2022$1.5 million
Net worth valuation 2010 after appearing on Shark Tank  $392,157
Net worth valuation 2010 before appearing on Shark Tank  $800,000

Nubrella Pitch on Shark Tank

Company nameNubrella
ProductHands-free umbrella and windbreaker system
EpisodeSeason 01 Episode 14
FounderAlan Kaufman
Asked for$200,000 for 25% Equity
Final deal$200,000 for 51% Equity
SharksKevin Harrington and Daymond John
LocationNetherlands, Missouri

Don’t miss these product from Season 01

Nubrella Founder

Alan Kaufman found Nubrella in 2002. He is an inventor and entrepreneur who has a passion for creating products that solve everyday problems. Kaufman came up with the idea for Nubrella after getting frustrated with traditional umbrellas. He found them to be bulky, difficult to use, and not very effective at keeping him dry.  Nubrella’s founder, Alan Kaufman, has a net worth of $7 million as of 2024.

Key accomplishments

YearAccomplishment
2010Appeared on Shark Tank season 01 and Kevin Harrington and Daymond John invested $200,000 for 51% Equity
2012Nubrella launches a new marketing campaign to promote its products to a wider audience.
2016Nubrella launches a new line of Nubrella Kids umbrellas.

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 Nubrella and its continued success.

Related Articles