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Rugged Races Net Worth 2023 Update (Before & After Shark Tank)

Rugged Races, Obstacle course race event, was started by Rob Dickens and Brad Scudder in 2010. As of August 2023, Rugged Races net worth is $13 million and they’re pulling in a whopping $4 million in annual revenue

In April 2014, they appeared on Season 5 of Shark Tank USA and made a deal with Mark Cuban, $1.75 million, in exchange for 25% equity. The final valuation was $7 million, down from the founder’s initial estimate of $10 million.

At the beginning of 2018, the New Media Investment Group purchased 80% of the company for $10.4 million and is still in charge of it today. To learn more, you can visit the Rugged Maniac website

Rugged Races Net Worth

Net worth$13 million
Annual Sales Revenue$4 million
Profits
Lifetime Sales
Shark Tank InvestorMark Cuban
FoundersRob Dickens and Brad Scudder
Employees11 emploees

Rugged Races Net Worth Timeline

Net Worth 2023$13 million
Net Worth 2022$12.5 million
Net Worth 2021$12 million
Net worth valuation 2014 after appearing on Shark Tank  $7 million
Net worth valuation 2014  before appearing on Shark Tank  $10 million

Rugged Races Pitch on Shark Tank

Company nameRugged Races
ProductObstacle course series
EpisodeSeason 05 Episode 26
Founders Rob Dickens and Brad Scudder
Asked for$1,000,000 for 10% equity
Final deal$1,750,000 for 25% equity
SharkMark Cuban
LocationBoston, USA

Rugged Races Founders

Rugged Races was founded by Rob Dickens and Brad Scudder in 2010. Rugged Maniac was created in June 2010 by Brad Scudder, who used to be a lawyer. He’s the founder and CEO. The co-founder and COO, Rob Dickens, used to work as a lawyer on Wall Street at a place called Milbank, Tweed, Hadley & McCloy. Rugged Races’s founders, Rob Dickens and Brad Scudder, have a net worth of 5.2 millionUSD as of 2023.

Key accomplishments:

YearAccomplishment
2014 The company appeared Shark Tank and got a comprehensive deal from Mark Cuban
2023As of 2023, 200,000 racers participated in their Rugged Race and the company earned $4 million revenue

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 Rugged Races and its continued success.

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Written by GAG Team

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