Lovepop is one of the most successful products to come out of the hit TV show Shark Tank, and its founder, Wombi Rose, is the man behind the 3D pop-up greeting card company that has taken the world by storm. Wombi Rose has a net worth of 63.75 Million USD as of 2023.
In this article, we’ll take a closer look at the quick facts you need to know about Lovepop founder Wombi Rose and his journey to building a 150 million USD empire.
|Full Name||Lovepop founder Wombi Rose|
|Education||Master of Business Administration (MBA), in Harvard Business SchoolMaster of Science (MS), Computation for Design and Optimization at Massachusetts Institute of TechnologyBachelor of Science (BS), Naval Architecture and Marine Engineering at Webb Institute|
|Previous occupation||Board Member of Web InstituteSenior Associate of McKinsey & CompanyMarine services intern of ExxonMobil (SeaRiver Maritime)MIT iTeams project member of Affectiva|
|Invention||3D pop-up cards for all occasions|
|Shark Tank appearance||Season 7, Episode 24|
|Shark Tank deal||The joint investment of 300,000 USD from Kevin O’Leary and Robert Herjavec in exchange for 15% equity in the company.|
|Company headquarters||Boston, Massachusetts, USA.|
|Awards and recognition||Forbes 30 Under 30: In 2017, Wombi Rose was named to the Forbes 30 Under 30 list in the Retail E-commerce category. This list recognizes young entrepreneurs, innovators, and leaders who are making an impact in their industries.Inc. 5000: Lovepop was named to the Inc. 5000 list of America’s fastest-growing private companies in both 2018 and 2019. The company ranked #23 on the 2019 list, with a three-year revenue growth rate of 7,830%Ernst & Young Entrepreneur of the Year: Wombi Rose was a finalist for the Ernst & Young Entrepreneur of the Year award in New England in 2019. This award recognizes entrepreneurs who are driving innovation, growth, and success in their businesses.|
|Net worth||63.75 Million USD|
|Philanthropy||Master of Business Administration (MBA), in Harvard Business SchoolMaster of Science (MS), Computation for Design and Optimization at Massachusetts Institute of technology bachelor of Science (BS), Naval Architecture and Marine Engineering at Webb Institute|
|Future plans||Expanding the Product Line: Lovepop is known for its innovative and creative 3D pop-up cards, and Wombi Rose plans to expand the product line to include other unique and memorable gifts.|
Increasing Retail Presence: Lovepop currently has several retail locations across the United States, and Wombi Rose plans to expand the company’s retail presence further. This includes opening more brick-and-mortar stores and partnering with other retailers to feature Lovepop products.
Embracing Technology: Wombi Rose believes that technology will play a crucial role in the future of retail, and he plans to embrace new technologies to enhance the Lovepop customer experience. This includes using augmented reality and other interactive features to bring Lovepop products to life.
International Expansion: Lovepop currently sells its products in several countries outside of the United States, and Wombi Rose plans to further expand the company’s international presence. This includes developing partnerships with retailers and distributors in other countries and tailoring Lovepop’s product offerings to meet the needs of different markets.
Whether you are an entrepreneur looking for inspiration or just curious about the story behind Scrub Daddy, there are always lessons to be learned from successful individuals like Wombi Rose. With a commitment to innovation, sustainability, and philanthropy, Rose is a true inspiration for entrepreneurs everywhere.