ReadeREST Net Worth 2023 Update (Before & After Shark Tank)

"ReadeREST" Net Worth 2023 Update

ReadeREST, a magnetic clip for holding eyeglasses, was started by Rick Hopper in 2010. As of October 2023, ReadeREST net worth is $5 million and they’re pulling in a whopping $1 million in annual revenue. 

In February 2012, they appeared on season 3 of Shark Tank USA and made a deal with Lori Greiner, for $150,000 for 65% of equity. The final valuation was $230,769, down from the founder’s initial estimate of $1 million.

ReadeREST is still in business in 2023. The company has a website and an active social media presence. It also has products available for purchase on Amazon and other online retailers.

ReadeREST Net Worth

Net worth$5 million (2023)
Annual Sales Revenue$1 million (2023)
ProfitsNot publicly available
Lifetime salesNot publicly available
InvestorLori Greiner
FounderRick Hopper
Employees10 employees

ReadeREST Net Worth Timeline

Net Worth 2023$5 million
Net Worth 2022$5 million
Net worth valuation 2012 after appearing on Shark Tank  $230,769
Net worth valuation 2012 before appearing on Shark Tank  $1 million

ReadeREST Pitch on Shark Tank

Company nameReadeREST
ProductMagnetic clip for holding eyeglasses
EpisodeSeason 03 Episode 06
FounderRick Hopper
Asked for$150,000 for 15% Equity
Final deal$150,000 for 65% Equity
SharkLori Greiner
LocationArgyle, Texas

Don’t miss these product from Season 03

ReadeREST Founder

ReadeREST was founded by Rick Hopper in 2010. Hopper is an inventor and entrepreneur who has always been looking for ways to improve people’s lives. He came up with the idea for ReadeREST after he started wearing glasses. And found himself constantly losing them or having trouble keeping them in place. ReadeREST’s founder, Rick Hopper, has a net worth of $1.75 million as of 2023.

Key accomplishments

YearAccomplishment
2012Appeared on Shark Tank season 03 and Lori Greiner invested $150,000 for 65% Equity
2016ReadeREST launches its international shipping program.
2018ReadeREST launches its new line of prescription eyeglass holders.

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 ReadeREST and its continued success.