Tipsy Elves Net Worth 2024 Update (Before & After Shark Tank)


Tipsy Elves, a Christmas collection business, was started by Nick Morton and Evan Mendelsohn in October 2011. As of June 2024, Tipsy Elves net worth is $20 million. And they’re pulling in a whopping $11.3 million in annual revenue. 

In December 2013, they appeared on Season 5 of Shark Tank USA. And made a deal with Robert Herjavec for $100,000 for 10% of equity. The final valuation was $1 million, down from the founder’s initial estimate of $2 million.

Tipsy Elves is still in business. Now, you can purchase their Christmas collection online. For that, visit their official website. Make this Christmas decorated with the Elves collection!

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Tipsy Elves Net Worth

Net worth$20 Million (2024)
Annual Sales Revenue$11.3 Million
Lifetime sales$70 Million 
Shark Tank InvestorRobert Herjavec
FoundersNick Morton and Evan Mendelsohn

Tipsy Elves Net Worth Timeline

Net Worth 2024$20 million 
Net Worth 2023$20 million
Net Worth 2022$19 million
Net worth valuation in 2013 after appearing on Shark Tank$1 million
Net worth valuation in 2013 before appearing on Shark Tank$2 million

Tipsy Elves Pitch on Shark Tank

Company nameTipsy Elves
ProductA Christmas collection 
EpisodeSeason 05 Episode 12
Founders Nick Morton and Evan Mendelsohn
Asked for$100,000 for 5% Equity
Final deal$100,000 for 10% Equity
Shark / SharksRobert Herjavec
LocationSan Diego, California

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Tipsy Elves Founders

Tipsy Elves was founded by Nick Morton and Evan Mendelsohn in 2011. Evan Mendelsohn is the Co-Founder and Co-CEO at Tipsy Elves. Nick, the other person is the Co-Founder and Co-CEO at Tipsy Elves. Tipsy Elves’s founders, Nick Morton and Evan Mendelsohn, have a net worth of 20 Million USD as of 2024.

Key accomplishments

2011Launched Tipsy Elves’ first collection through their website.
2013Appeared on Shark Tank season 5 , and Robert Herjavec invested $100,000 for 10% Equity.
2019Reveal tipsy elves’ lifetime sale is 125 Million USD.


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 Tipsy Elves and its continued success.

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