Tower Paddle, a Stand-Up Paddle Board, was started by Stephan Aarstol in 2010. As of September 2023, Tower Paddle’s net worth is $20 Million and they’re pulling in a whopping $5 Million in annual revenue.
On March 16, 2012, they appeared on Season 3 of Shark Tank USA and made a deal with Mark Cuban, for $150,000 For 30% of equity. The final valuation was $500,000, down from the founder’s initial estimate of $1.5 Million.
Tower Paddle Net Worth
|Net worth||$20 Million (2023)|
|Annual Sales Revenue||$5 Million (2022)|
|Lifetime sales||$10 million|
|Employees||10 to 25|
Tower Paddle Net Worth Timeline
|Net Worth 2023||$20 Million|
|Net Worth 2022||$15 Million|
|Net Worth 2021||$12 Million|
|Net Worth 2020||$8 Million|
|Net worth valuation in 2012 after appearing on Shark Tank||$500,000|
|Net worth valuation in 2012 before appearing on Shark Tank||$1.5 Million|
Tower Paddle Pitch on Shark Tank
|Company name||Tower Paddle|
|Product||Stand-Up Paddle Boards|
|Episode||Season 03 Episode 09|
|Asked for||$150,000 For 10%|
|Final deal||$150,000 For 30%|
|Location||San Diego, California, 92109, United States|
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Tower Paddle Founder
Tower Paddle was founded by Stephan Aarstol in 2010. He has over two decades of experience in the telecommunication industry. He has put a lot of effort into making his dream come true. Tower Paddle’s founder, Stephan Aarstol, has a net worth of USD 20 Million as of 2023.
|2023||Tower Paddle Boards has sold over 100,000 boards|
|2012||Tower Paddle Boards appeared on the shark tank|
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 of Tower Paddle and its continued success.