"Talbott Tea" Net Worth 2023 Update

Talbott Tea, a line of uniquely blended teas, was started by Steve Nakisher and Shane Talbott in 2003. As of October 2023, Talbott Tea net worth is $4.2 million. And they’re pulling in a whopping $3 million in annual revenue. 

In February 2012, they appeared on season 3 of Shark Tank USA. And made a deal with Kevin O’Leary, for $250,000 for 35% of equity. The final valuation was $714,286, down from the founder’s initial estimate of $1.25 million.

Talbott Teas is still in business in 2023. Talbott Teas is a premium tea company that offers a variety of blends, including black teas, green teas, herbal teas, and tisanes. To get more details about their business, visit their official website.

Talbott Tea Net Worth

Net worth$4.2 million (2023)
Annual Sales Revenue$3 million (2023)
ProfitsNot publicly available
Lifetime salesNot publicly available
InvestorKevin O’Leary
FounderSteve Nakisher and Shane Talbott
EmployeesNot publicly available

Talbott Tea Net Worth Timeline

Net Worth 2023$4.2 million
Net Worth 2022$4 million
Net worth valuation 2012 after appearing on Shark Tank  $714,286
Net worth valuation 2012 before appearing on Shark Tank  $1.25 million

Talbott Tea Pitch on Shark Tank

Company nameTalbott Tea
ProductLine of uniquely blended teas
EpisodeSeason 03 Episode 05
Founders Steve Nakisher and Shane Talbott
Asked for$250,000 for 20% Equity
Final deal$250,000 for 35% Equity
Shark / SharksKevin O’Leary
LocationChicago, Illinois

Don’t miss these product from Season 03

Talbott Tea Founders

Steve Nakisher and Shane Talbott foundTalbott Tea in 2003. One is a former hair colorist to Oprah Winfrey and Nakisher is a psychologist and entrepreneur. Talbott Tea’s founders, Steve Nakisher and Shane Talbott, have a net worth of $2.73 million as of 2023.

Key accomplishments

YearAccomplishment
2012Appeared on Shark Tank season 3 and Kevin O’Leary invested $250,000 for 35% Equity
2019Talbott Teas is acquired by Tadin Herb and Tea Company.

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 Talbott Tea and its continued success.

ABOUT KESARA BANDARAGODA
Kesara Bandaragoda is a Sri Lankan-born media entrepreneur currently based in Dubai, with a lifelong passion for storytelling, innovation, and all things screen-worthy. Whether it's a mind-bending sci-fi epic or the latest startup pitch on Shark Tank, Kesara is all in. In fact, he was one of the earliest content creators to cover Shark Tank Australia online and has been tracking its businesses, products, and founders since 2019 — long before it was cool.

Kesara is the visionary CEO behind BrandFactory, a digital media company powering multiple content platforms that reach millions. When he’s not leading a team of creatives, he’s often geeking out over Marvel and DC universes, decoding Spielberg's directorial magic, or revisiting classics like The Shawshank Redemption, Interstellar, and Pirates of the Caribbean (yes, he's a Johnny Depp loyalist).

INDUSTRY FOCUS
Kesara’s writing and content leadership often focus on the intersection of entrepreneurship, entertainment, and emerging digital cultures. He’s particularly passionate about telling stories that celebrate founders, dissect business blueprints from media narratives, and spark curiosity in audiences across the globe.

FAVORITE MEDIA
A sci-fi enthusiast with a taste for high-stakes storytelling, Kesara’s favorite titles range from cerebral time-space odysseys to charismatic pirate adventures. He thrives in content that mixes real-world business insight with the spectacle of entertainment — think Shark Tank meets Black Mirror, with a touch of Marvel heroics.

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