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

As of 2024, SoapSox’s net worth is $6.2M with $2.5M-$8M annual revenue​
Picture of GAG Team
SoapSox

Ray Phillips and Alvin Uy created SoapSox to make bath time fun for kids by turning plush toys into bath sponges with built-in soap pockets. Although they didn’t secure a deal on Shark Tank in 2014, the exposure helped them grow their brand.

SoapSox later raised over $1 million through crowdfunding in 2020 and formed licensing partnerships with Disney and Paw Patrol, boosting its visibility.

As of 2024, the company is valued at $6.2 million, with estimated annual revenue between $2.5 million and $8 million. SoapSox products are sold through major retailers like Amazon and Nordstrom​

SoapSox Net Worth

Estimated Net worth$6.2 million (2024)
Annual Sales Revenue$2.5million$8 million (2023)
ProfitsNot publicly available
Lifetime salesNot publicly available
InvestorNone
FounderRay Philips and Alvin Uy
EmployeesNot publicly available

SoapSox Pitch on Shark Tank

Company nameSoapSox
ProductAnimal-shaped washcloths for kids
EpisodeSeason 6 Episode 03
Founders Ray Philips and Alvin Uy
Asked for$260,000 for 10% Equity
Final dealNone
Shark None
LocationPasadena, California

Don’t miss these product from Season 06

SoapSox Founders

SoapSox was founded by Ray Philips and Alvin Uy in 2012. SoapSox’s founders, Ray Philips and Alvin Uy, have a net worth of $2.5 million$8 million as of 2024.

Key accomplishments

YearAccomplishment
2015SoapSox expands its product line to include new animal shapes and colors. The company also begins selling its products at Nordstrom.
2017Appeared on Shark Tank season 06
2020SoapSox pivots to produce face masks in response to the COVID-19 pandemic. The company also donates thousands of face masks to healthcare workers.

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 SoapSox and its continued success.