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Wine Balloon Net Worth 2023 Update (Before & After Shark Tank)

"Wine Balloon" Net Worth 2023 Update

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
ProfitsNot publicly available
Lifetime salesNot publicly available
InvestorsMark Cuban and Lori Greiner
FounderEric Corti
EmployeesNot 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

ProductAir bulb pump for wine preservation
EpisodeSeason 03 Episode 04
Founder / Founders Eric Corti
Asked for$40,000 for 30% Equity
Company nameWine Balloon
Final deal$400,000 for 100% Equity
Shark / SharksMark Cuban and Lori Greiner
LocationMason, 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

YearAccomplishment
2012Appeared on Shark Tank season 03 and Mark Cuban and Lori Greiner invested $400,000 for 100% Equity.
2013The Wine Balloon is named one of the “Best Wine Gadgets” by Forbes magazine.
2018Air 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.

What do you think?

Written by GAG Team

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