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 Revenue | Not available |
| Profits | Not available |
| Lifetime sales | Not available |
| Investor | Robert Herjavec |
| Investment | $100,000 for 18% |
| Founder | Nathaniel 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
| Product | A shareable double-handled umbrella |
| Episode | Season 15 Episode 11 |
| Founder | Nathaniel Wellen |
| Asked for | $100,000 for 10% |
| Company name | The Duo Umbrella |
| Final deal | $100,000 for 18% |
| Shark | Robert Herjavec |
| Location | Redondo 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
| Year | Accomplishment |
| 2018 | The product received its US patent. |
| 2022 | Nathaniel became a finalist and was awarded Most Original Invention at the Invention Convention Globals for his product. |
| 2024 | The 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.
