Sierra Madre Research Net Worth 2023 Update (Before & After Shark Tank)
Sierra Madre Research, Covered hammocks to replace the common tent, was started by Richard and Juli Rhett in 2010. As of September 2023, Sierra Madre Research’s net worth is $12 Million and they’re pulling in a whopping $576000 in annual revenue.
On October 1, 2017, they appeared on Season 9 of Shark Tank USA and made a deal with Richard Branson, for $175,000 for 15% equity. The final valuation was $1.1 Million, the same as the founder’s initial estimate.
Sierra Madre Research company is still in business. Their products are available on the official website.
Sierra Madre Research Net Worth
| Net worth | $12 Million (2023) |
| Annual Sales Revenue | $576000 (2022) |
| Profits | – |
| Lifetime sales | – |
| Investor | Richard Branson |
| Founders | Richard and Juli Rhett |
| Employees | 20 to 50 |
Sierra Madre Research Net Worth Timeline
| Net Worth 2023 | $12 Million |
| Net Worth 2022 | $10 Million |
| Net Worth 2021 | $8 Million |
| Net Worth 2020 | $7 Million |
| Net worth valuation in 2017 after appearing on Shark Tank | $1.1 Million |
| Net worth valuation in 2017 before appearing on Shark Tank | $1.1 Million |
Sierra Madre Research Pitch on Shark Tank
| Company name | Sierra Madre Research |
| Product | Covered hammocks to replace the common tent |
| Episode | Season 09 Episode 01 |
| Founders | Richard and Juli Rhett |
| Asked for | $175,000 for 15% equity |
| Final deal | $175,000 for 15% equity |
| Shark | Richard Branson |
| Location | Vicksburg, Mississippi, 39180, United States |
Don’t miss these products from Season 9
Sierra Madre Research Founders
Sierra Madre Research was founded by Richard and Juli Rhett in 2010. Richard Rhett is a research mechanical engineer. They want Sierra Madre Research’s founders, Richard and Juli Rhett, to have a net worth of USD 12 Million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2017 | Sierra Madre Research has been featured on Shark Tank |
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 of Sierra Madre Research and its continued success.
