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|
|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|
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.
|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.|
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.