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 |
| Investor | Mark Cuban |
| Founder | Stephan Aarstol |
| 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 |
| Founder | Stephan Aarstol |
| Asked for | $150,000 For 10% |
| Final deal | $150,000 For 30% |
| Shark | Mark Cuban |
| Location | San Diego, California, 92109, United States |
Don’t miss these products from Season 3
- Kisstixx Net Worth 2023
- What Happened To The Sullivan Generator After Shark Tank
- The Heat Helper Net Worth 2023
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
| Year | Accomplishment |
| 2023 | Tower Paddle Boards has sold over 100,000 boards |
| 2012 | Tower 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.
