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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
InvestorRichard Branson
FoundersRichard and Juli Rhett
Employees20 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 nameSierra Madre Research
ProductCovered hammocks to replace the common tent
EpisodeSeason 09 Episode 01
FoundersRichard and Juli Rhett
Asked for$175,000 for 15% equity
Final deal$175,000 for 15% equity
SharkRichard Branson
LocationVicksburg, Mississippi, 39180, United States

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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

YearAccomplishment
2017Sierra 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.

What do you think?

Written by GAG Team

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