Tower Paddle Boards is one of the most successful products to come out of the hit TV show Shark Tank, and its founder, Stephan Aarstol, is the man behind the Stand-up paddle-board company. Stephan Aarstol has an estimated net worth of 10.5 Million USD as of 2023.
In this article, we’ll take a closer look at the quick facts you need to know about Stephan Aarstol and his journey to building a 15 Million USD empire.
| Information | Details |
| Full Name | Stephan Aarstol |
| Birthdate | 13 May 1972 |
| Birthplace | United State |
| Education | University of California, San Diego, where he earned a Bachelor of Arts degree in Political Science |
| Previous occupation | Gunawan spent a decade working as an architect in San Francisco before he launched Lumio. |
| Invention | offering a range of high-quality paddleboards, beach gear, and other accessories |
| Shark Tank appearance | Season 3, Episode 1 |
| Shark Tank deal | Mark Cuban for $150,000 in exchange for 30% equity in the company. |
| Company founded | 2010 |
| Company headquarters | San Diego, California |
| Other products | |
| Awards and recognition | In 2012, Tower Paddle Boards was named the “Fastest Growing Company in San Diego” by the San Diego Business Journal. In 2013, Tower Paddle Boards was named to the “Inc. 500” list of the fastest-growing private companies in the United States. In 2014, Aarstol was named a finalist for the Ernst & Young Entrepreneur of the Year award in the San Diego region. In 2019, Tower Paddle Boards was named the “Best Overall Stand-Up Paddle-board Company” by Outdoor Gear Lab. |
| Personal life | |
| Net worth | An estimated 10.5 Million USD (as of 2023) |
| Philanthropy | In 2016, Aarstol pledged to donate $100,000 to support the development of a community skate park in Ocean Beach, San Diego. The skate park was named the Ocean Beach Skate Park and opened in 2019. Aarstol has participated in the “One Percent for the Planet” initiative, which encourages businesses to donate 1% of their sales to environmental causes. Tower Paddle Boards donates 1% of its profits to organizations that protect and preserve the environment. Aarstol has also been involved in the “Paddle With Purpose” campaign, which raises money for various charities through stand-up paddle-boarding events. The campaign has raised over $300,000 for charities to date. |
| Future plans | Stephan Aarstol has demonstrated a passion for entrepreneurship, work-life balance, and giving back to the community. It is likely that he will continue to pursue these interests and make a positive impact in his future endeavours. |
Conclusion
Whether you are an entrepreneur looking for inspiration or just curious about the story behind Tower Paddle Boards’ founder, there are always lessons to be learned from successful individuals like Stephan Aarstol. With a commitment to innovation, sustainability, and philanthropy, Aarstol is a true inspiration for entrepreneurs everywhere.