The Party People, a party supplies company, was started by Dean Salakas in 1985. As of January 2024, The Party People net worth is $8 million and they’re pulling in a whopping $6.5 million in annual revenue.
In 2015 they appeared on season 1 of Shark Tank Australia seeking $400,000 for 5% of equity valuing the company at $8 million. But the Sharks didn’t pay interest on investing in The Party People. Sharks were not satisfied with the scope of audience that the founder targeted.
The Party People are still in business as of 2023. Their prior business, a clown rental company they operated out of their homes, was too big for them to manage. The company began operations in 1985 in Sans Souci, New South Wales, with a modest storefront. Over the ensuing years, the retail business expanded. They also provide their service through their official website as well.
The Party People Net Worth
| Net worth | $8 million (2023) |
| Annual Sales Revenue | $6.5 million (2023) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | None |
| Founder | Dean Salakas |
| Employees | Not publicly available |
The Party People Net Worth Timeline
| Net Worth 2024 | $8 million |
| Net Worth 2022 | $8 million |
| Net worth valuation 2015 after appearing on Shark Tank | N/E |
| Net worth valuation 2015 before appearing on Shark Tank | $8 million |
The Party People Pitch on Shark Tank
| Product | A party supplies company |
| Episode | Season 01 Episode 07 |
| Founder | Dean Salakas |
| Asked for | $400,000 for 5% equity |
| Company name | The Party People |
| Final deal | None |
| Shark | None |
| Location | Sydney |
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The Party People Founder
Dean Salakas found The Party People in 2015. The Party People’s founder, Dean Salakas, has a net worth of $8 million as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2015 | Appeared on Shark Tank season 01 |
| 2016 | Generated publicity and attracted other investors or customers, contributing to their growth. |
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 Party People and its continued success.
