“SoapSox” got featured on Shark Tank America in October 2014. It has a net worth of around 2.5 Million USD as of 2023. Since appearing on Shark Tank, SoapSox has experienced tremendous growth and success. They have secured additional funding and partnerships, leading to an estimated net worth of 2.5 Million USD.
Shark Tank is a popular TV show where aspiring entrepreneurs pitch their business ideas to a panel of successful investors, known as “sharks.”
| SoapSox’s Net worth before appearing on Shark Tank (October 2014) | 2.6 Million USD (business valuation) |
| SoapSox’s Current Net worth (2023) | 2.5 Million USD |
| Episode | Season 6 Episode 03 |
| Company name | SoapSox |
| Product | Animal-shaped washcloths for kids |
| Founder | Ray Philips and Alvin Uy |
| Asked for | $260,000 for 10% Equity |
| Final deal | No deal |
| Shark | No shark |
| Business status | In Business |
| Location | Pasadena, California |
SoapSox’s founders, Ray Philips and Alvin Uy have a net worth of 15 Million USD as of 2023.
Key accomplishments:
| Year | Accomplishment |
| 2013 | Ray Philips and Alvin Uy get patent for SoapSox |
| 2014 | SoapSox won Juvenile Products Manufacturers Association (JPMA) Innovation Award |
| 2016 | SoapSox signed a licensing deal with Disney Baby |
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.