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) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | Kevin O’Leary |
| Founder | Steve Nakisher and Shane Talbott |
| Employees | Not 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 name | Talbott Tea |
| Product | Line of uniquely blended teas |
| Episode | Season 03 Episode 05 |
| Founders | Steve Nakisher and Shane Talbott |
| Asked for | $250,000 for 20% Equity |
| Final deal | $250,000 for 35% Equity |
| Shark / Sharks | Kevin O’Leary |
| Location | Chicago, 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
| Year | Accomplishment |
| 2012 | Appeared on Shark Tank season 3 and Kevin O’Leary invested $250,000 for 35% Equity |
| 2019 | Talbott 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.
