Eric Corti introduced the Wine Balloon on Shark Tank in 2012, securing a $400,000 deal for full ownership with Lori Greiner and Mark Cuban.
However, he later retained ownership, rebranding the product as Air Cork. As of 2023, Air Cork generates approximately $7 million in annual revenue, with Corti’s net worth estimated at $14 million.
The product is available on Amazon and the company’s website, offering various designs to preserve wine freshness.
Wine Balloon Net Worth
| Estimated Net worth | $14 million (2024) |
| Annual Sales Revenue | Not publicly available |
| Lifetime sales | Not publicly available |
| Investors | Mark Cuban and Lori Greiner |
| Founder | Eric Corti |
| Employees | Not publicly available |
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 |
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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 2024.
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.