Talbott Tea Net Worth 2023 Update (Before & After Shark Tank)

"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

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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.