Wine Balloon, an air bulb pump for wine preservation, was started by Eric Corti in 2006. As of October 2023, Wine Balloon net worth is $7 million. And they’re pulling in a whopping $400,000 in annual revenue.
In February 2012, they appeared on season 3 of Shark Tank USA. And made a deal with Mark Cuban and Lori Greiner, for $400,000 for 100% of equity. The final valuation was $400,000 up from the founder’s initial estimate of $133,333.
Wine Balloon is still in business. The company has rebranded itself as Air Cork, and it is now selling its product on its website.
Wine Balloon Net Worth
| Net worth | $7 million (2023) |
| Annual Sales Revenue | $400,000 |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investors | Mark Cuban and Lori Greiner |
| Founder | Eric Corti |
| Employees | Not publicly available |
Wine Balloon Net Worth Timeline
| Net Worth 2023 | $7 million |
| Net Worth 2022 | $7 million |
| Net worth valuation 2012 after appearing on Shark Tank | $400,000 |
| Net worth valuation 2012 before appearing on Shark Tank | $133,333 |
Wine Balloon Pitch on Shark Tank
| Product | Air bulb pump for wine preservation |
| Episode | Season 03 Episode 04 |
| Founder / Founders | Eric Corti |
| Asked for | $40,000 for 30% Equity |
| Company name | Wine Balloon |
| Final deal | $400,000 for 100% Equity |
| Shark / Sharks | Mark Cuban and Lori Greiner |
| Location | Mason, Ohio |
Don’t miss these product from Season 03
Wine Balloon Founder
Eric Corti found Wine Balloon in 2006. Corti is a wine enthusiast and inventor who has created a number of products related to wine preservation. He is also the founder of Air Cork, which is the rebranded version of Wine Balloon. Wine Balloon’s founder, Eric Corti, has a net worth of $14 million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2012 | Appeared on Shark Tank season 03 and Mark Cuban and Lori Greiner invested $400,000 for 100% Equity. |
| 2013 | The Wine Balloon is named one of the “Best Wine Gadgets” by Forbes magazine. |
| 2018 | Air Cork is named one of the “Best New Products” at the CES show. |
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 for Wine Balloon and its continued success.