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 |
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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.
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.