The Christmas Tree Hugger, Christmas Tree Accessory business, was started by Ryan Kenny in July 2016. As of August 2023, The Christmas Tree Hugger net worth is $2.5 million. And they’re pulling in a whopping $500K in annual revenue.
In 2018, they appeared on season 9 of Shark Tank USA, seeking $100,000 for 20% of equity, valuing the company at $500,000. There were several reasons to reject this business. Lori Greiner dropped it as he was not very confident in this product. And other sharks dropped this business, too, because they do not believe this item will solve significant problems in the Christmas season.
Despite not being selected for Shark Tank, Christmas Tree Hugger is still in business. If you want to decorate your Christmas tree with their items, you can purchase them online from their official website, Walmart, or Amazon store.
The Christmas Tree Hugger Net Worth
|Net worth||$2.5 million|
|Annual Sales Revenue||$500,000|
|Shark Tank Investor||None|
The Christmas Tree Hugger Net Worth Timeline
|Net Worth 2023||$2.5 Million|
|Net Worth 2022||$2.5 Million|
|Net Worth 2021||$1 Million|
|Net worth valuation 2018 after appearing on Shark Tank||$500,000|
|Net worth valuation 2018 before appearing on Shark Tank||$500,000|
The Christmas Tree Hugger Pitch on Shark Tank
|Company name||The Christmas Tree Hugger|
|Product||Christmas Tree Accessory|
|Episode||Season 9 Episode 13|
|Asked for||$100,000 for 20% equity|
The Christmas Tree Hugger Founder
The Christmas Tree Hugger was founded by Ryan Kenny in 2016. He has made a simple and worthy solution to hide the plastic base of Christmas trees and give an artistic touch. The Christmas Tree Hugger’s founder, Ryan Kenny, has a net worth of 2.5 million as of 2023.
|2018||Appeared on shark tank season 9. Despite not being selected, it got a high customer recognition and increased sales by that.|
|2021||Expanded the business to sell their products in walmart and amazon.|
|2022||Achieved an annual revenue of $500,00|
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 The Christmas Tree Hugger and its continued success.