"Tower Paddle" Net Worth 2023 Update

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 company is still in business, their products are available on the official website and Amazon.

Tower Paddle Net Worth

Net worth$20 Million (2023)
Annual Sales Revenue$5 Million (2022)
Profits–
Lifetime sales$10 million
InvestorMark Cuban
FounderStephan Aarstol
Employees10 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 nameTower Paddle
ProductStand-Up Paddle Boards
EpisodeSeason 03 Episode 09
Founder Stephan Aarstol
Asked for$150,000 For 10%
Final deal$150,000 For 30%
SharkMark Cuban
LocationSan Diego, California, 92109, United States

Don’t miss these products from Season 3

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.

Key accomplishments

YearAccomplishment
2023Tower Paddle Boards has sold over 100,000 boards
2012Tower Paddle Boards appeared on the shark tank

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 of Tower Paddle and its continued success.

ABOUT KESARA BANDARAGODA
Kesara Bandaragoda is a Sri Lankan-born media entrepreneur currently based in Dubai, with a lifelong passion for storytelling, innovation, and all things screen-worthy. Whether it's a mind-bending sci-fi epic or the latest startup pitch on Shark Tank, Kesara is all in. In fact, he was one of the earliest content creators to cover Shark Tank Australia online and has been tracking its businesses, products, and founders since 2019 — long before it was cool.

Kesara is the visionary CEO behind BrandFactory, a digital media company powering multiple content platforms that reach millions. When he’s not leading a team of creatives, he’s often geeking out over Marvel and DC universes, decoding Spielberg's directorial magic, or revisiting classics like The Shawshank Redemption, Interstellar, and Pirates of the Caribbean (yes, he's a Johnny Depp loyalist).

INDUSTRY FOCUS
Kesara’s writing and content leadership often focus on the intersection of entrepreneurship, entertainment, and emerging digital cultures. He’s particularly passionate about telling stories that celebrate founders, dissect business blueprints from media narratives, and spark curiosity in audiences across the globe.

FAVORITE MEDIA
A sci-fi enthusiast with a taste for high-stakes storytelling, Kesara’s favorite titles range from cerebral time-space odysseys to charismatic pirate adventures. He thrives in content that mixes real-world business insight with the spectacle of entertainment — think Shark Tank meets Black Mirror, with a touch of Marvel heroics.

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