The Duo Umbrella Net Worth 2024 Update (Before & After Shark Tank)

The Duo Umbrella Net Worth Update (Before & After Shark Tank)

The Duo Umbrella’s net worth was $555,555 in 2024, based on the Shark Tank deal. The Duo Umbrella is a shareable double-handled umbrella. Nathaniel Wellen founded this in 2018.

In 2024, they appeared on Season 15 of Shark Tank USA and made a deal with Robert Herjavec, $100,000 for 18% of equity.

Nathaniel’s product was still in the pre-order phase when the show aired. The show gave significant exposure to the product, thus the company could expand their partenrships as well as potential markets. Pre-ordered products are expected to ship beginning in the summer of 2024. You also can place your order via the company website.

The Duo Umbrella Net Worth

Net worth$555,555 (2024) 
Annual Sales RevenueNot available 
ProfitsNot available 
Lifetime salesNot available 
InvestorRobert Herjavec
Investment$100,000 for 18% 
FounderNathaniel Wellen
Employees<10

The Duo Umbrella Net Worth Timeline

Net Worth 2024$555,555 (business valuation)
Net worth valuation in 2024 after appearing on Shark Tank  $555,555
Net worth valuation in 2024 before appearing on Shark Tank  $1 million

The Duo Umbrella Pitch on Shark Tank

ProductA shareable double-handled umbrella
EpisodeSeason 15 Episode 11
FounderNathaniel Wellen
Asked for$100,000 for 10% 
Company nameThe Duo Umbrella
Final deal$100,000 for 18% 
Shark Robert Herjavec
LocationRedondo Beach, California

Don’t miss these products from Season 15

The Duo Umbrella Founder

Nathaniel Wellen founded The Duo Umbrella in 2018. Nathaniel is a dedicated young entrepreneur who first started his entrepreneurial journey in 2018 at the age of nine.  He founded Duo LLC with his father, and currently, Nathaniel serves as the company president. Nathaniel Wellen’s net worth is unknown as of 2024.

Key accomplishments

YearAccomplishment
2018The product received its US patent.
2022Nathaniel became a finalist and was awarded Most Original Invention at the Invention Convention Globals for his product.
2024The company got featured on Shark Tank and secured a deal. 

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 The Duo Umbrella and its continued success.