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The Mission Belt Net Worth 2023 Update (Before & After Shark Tank)

The-Mission-Belt-Shark-Tank-US-Net-worth-Update

The Mission Belt, an easily adjustable notchless belt, was started by Nate Holzapfel in 2011. As of October 2023, The Mission Belt net worth is $7 million. And they’re pulling in a whopping $5.4 million in annual revenue. 

In April 2013, they appeared on season 4 of Shark Tank USA and made a deal with Daymond John, for $50,000 for 38% of equity. The final valuation was $131,579  down from the founder’s initial estimate of $250,000.

Mission Belt is still in business as of November 2023. The company has a website and social media presence, and its products are available for purchase on Amazon and other online retailers.

The Mission Belt Net Worth

Net worth$7 million (2023)
Annual Sales Revenue$5.4 million (2023)
ProfitsNot publicly available
Lifetime salesNot publicly available
InvestorDaymond John
FounderNate Holzapfel 
EmployeesNot publicly available

The Mission Belt Net Worth Timeline

Net Worth 2023$7 million
Net Worth 2022$7 million
Net worth valuation 2013 after appearing on Shark Tank  $131,579
Net worth valuation 2013 before appearing on Shark Tank  $250,000

The Mission Belt Pitch on Shark Tank

Company nameThe Mission Belt
ProductEasily adjustable notchless belt
EpisodeSeason 04 Episode 22
FounderNate Holzapfel
Asked for$50,000 for 20% Equity
Final deal$50,000 for 38% Equity
SharkDaymond John
LocationOrem, Utah

Don’t miss these product from Season 04

The Mission Belt Founder

The Mission Belt was founded by Nate Holzapfel in 2011. Nate Holzapfel was the CEO of the company and appeared on ABC’s Shark Tank in 2012 to pitch the business. He was able to negotiate a deal with fashion brand icon Daymond John. The Mission Belt’s founder, Nate Holzapfel, has a net worth of $4.3 million as of 2023.

Key accomplishments

YearAccomplishment
2013Appeared on Shark Tank season 04 and  Daymond John invested $50,000 for 38% equity 
2014Mission Belt expands its distribution to include major retailers such as Nordstrom and Macy’s.
2021Mission Belt announces that it has sold over 1 million belts.

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 Mission Belt and its continued success.

What do you think?

Written by GAG Team

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