Tomte Cake Net Worth 2024 Update (Before & After Shark Tank)

Tomte Cake’s estimated net worth is $0.5 million as of January 2024. Just within a few months of starting the business, the company generated $200,000 in sales. Tomte Cake, an alternative gingerbread house kit, was founded by Miranda Tompkins in October 2022. 

In December 2023, they appeared on season 15 of Shark Tank USA and made a deal with Kevin O’Leary for $200,000 for 15% equity. The final valuation was $1.3 million, down from the founder’s initial estimate of $2 million.

Despite being new to the market, Miranda’s business had significant growth in a short time span. The company could thrive more after its appearance on Shark Tank. This unique product has positive customer reviews and is in demand during the festive season. You can make purchases via the company website.

Tomte Cake Net Worth

Net worth$0.5 million (2024) *estimated
Annual Sales Revenue$200,000 (2022)
ProfitsNot available
Lifetime sales$200,000 (2024) *estimated
InvestorKevin O’Leary
Investment$200,000 for 15% equity
FounderMiranda Tompkins
Employees<10

Tomte Cake Net Worth Timeline

Net Worth 2024$0.5 million *estimated
Net worth valuation in 2023 after appearing on Shark Tank  $1.3 million
Net worth valuation in 2023 before appearing on Shark Tank  $2 million

Tomte Cake Pitch on Shark Tank

ProductAn alternative gingerbread house kit
EpisodeSeason 15 Episode 08
FounderMiranda Tompkins
Asked for$200,000 for 10% equity
Company nameTomte Cake
Final deal$200,000 for 15% equity
SharkKevin O’Leary
LocationPortland, Oregon

Don’t miss these products from Season 15

Tomte Cake Founder

Miranda Tompkins started Tomte Cake in 2022. Miranda is an author and an illustrator by profession. Miranda also has working experience in the legal sector. She worked as a legal assistant at Perkins Coie LLP, an international law firm, for over five years. She had a passion for the festive season since she was a little girl. She merged her festive spirit with her creativity and commenced a successful business. Tomte Cake’s founder, Miranda Tompkins’s net worth is unknown as of 2024.

Key accomplishments

YearAccomplishment
2023The company was featured in 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 Tomte Cake and its continued success.