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Wad-Free Net Worth 2024 Shark Tank Update

As of the beginning 2024, Wad-Free net worth is $ 5 million. Also, the company has approximately $513,000 in annual revenue. In October 2021, Wad-Free Appeared on Shark Tank Season 13, episode 05 of Shark Tank USA and made a deal with Kevin O’Leary for $200,000 for 10%  of equity. So, Kevin O’Leary has made over $ 500,000 through Wad-Free. Also, the company will still be in business in January 2024. It then sells online with retailers like retailers in the USA. Let’s find out how it has reached this success over the years.

Wad-Free Net Worth 2024

Net worth$5 million
Annual Sales Revenue$513,000
Profits
Lifetime sales
InvestorKevin O’Leary
FounderCyndi Bray
Employees

Wad-Free sold more than $1,000 of products within the first week after the show aired, making the company worth up to $5 million in 2022.

Followingly Wad- Free has a net worth of $5 million in January 2024.

Wad-Free Sales And Revenue

Wad-Free earned $513,000 after launching in June 2020. The company gets 38% of its net profit after the production cost is $3.50 each and $3.50 for shipping.

Followingly, it sold more than $1000 worth of products soon after the show. According to the records online, the company will reach a net worth of $4 million by 2021 and a net worth of $5 million by the end of 2022.

Net Worth Timeline

Net Worth 2024$5 million
Net Worth 2022$5 million
Net worth valuation 2021 after appearing on Shark Tank  $2 million
Net worth valuation 2021 before appearing on Shark Tank  $4 million

How Much Did Kevin O’Leary Make From Wad-Free?

There aren’t any official records of how much Kevin made with the brand. However, according to the deal, he earned $1.50 per unit royalty until he made $1 million back. According to his net worth and share valuation, he has earned a profit of $500,000. Hopefully, he may have earned his expected value by now with the royalty, too.

Competitors Of The Wad-Free

Several brands in the market manufacture products with a similar purpose. Some are Whirlpools, Dryer Sheets Features, Dryer Bags, and Dryer Balls.

Don’t miss these products from Season 13

Wad-Free Shark Tank Update

Company NameWad-free
ProductWad-Free for Bed Sheets is the first-ever Wad Preventer
EpisodeSeason 13 Episode 05
FounderCyndi Bray
Asked For$200,000 for a 5% equity
Final Deal$200,000 for a 10% equity
SharkKevin O’Leary
LocationSeason 13, Episode 05

The company’s business skyrocketed after appearing on Shark Tank. Even though the product had gained popularity before the show, the Wad-Free Shark Tank helped the company improve sales with an immediate $1000 worth of products.

Also, it participated in shows like BuzzFeed, Today website, The Spruce, Bustle, Southern Living, and Apartment Therapy before appearing on Shark Tank. This boosted customer trust and raised the company’s net worth daily.

When the company appeared on the show, its lifetime sales were $513,000. It also earned $4 million in 2021 and is expected to increase its net worth to $5 million in 2022.

Now, the company is offering offers, and customers can find a set of two Wad-Free sheet detanglers on Amazon for $19 a pair.

Even if we use a washing machine to wash clothes, it is hard to prevent them from wagging inside the dryer. When it comes to washing sheets, this causes unwashed, half-dried sheets. If you are waiting for a solution, Wad Free Shark Tank has brought you the best solution.

What Is Wad-Free?

Wad-Free is a simple, intriguing device for all kinds of sheets to avoid wadding up in the dryer. It is made of plastic and fitted into the sheet. This speeds up the washing procedure and prevents clothes from entangling with the sheet.

Wad-Free is a simple intriguing device made for all kinds of sheets to avoid wadding up in the dryer.

Wad-Free Founder

Cyndi Bray is the founder of the Wad-Free. She holds an MBA and and learned Physics, CAD, and Prototypes before developing the product.

FAQ

Is Wad-Free Still In Business?

Yes Wad-Free is still in business in 2024

What Is Wad-Free Made Of?

It’s made using a non-toxic, recyclable polypropylene as a base.

How Much Is Wad-Free Net Worth?

The Company is worth around $ 5 million in 2024.

Where To Buy Wad-Free?

It is on Walmart, Amazon, The Grommet, and Wad-Free’s official site.

What Is Wad-Free Annual Revenue?

It has approximately $513,000 in annual revenue.

What do you think?

Written by MSM Riham

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