LARQ Shark Tank's Net Worth
|Name||LARQ Shark Tank|
|Net Worth 2023||$21 Million|
|Monthly Income And Salary|
LARQ Shark Tank Net Worth, Salary, its Founder, and other details. LARQ's net worth is $21 million. Since appearing on Shark Tank, LARQ has experienced a sales increase followed by a decline in revenue. During the episode, Lori and Kevin agreed to invest $1 million, but due diligence complications prevented the deal. LARQ is a self-cleaning water bottle with one of the highest valuations ever quoted on Shark Tank. Must See Gameface Shark Tank Net Worth.
LARQ Shark Tank Net Worth
|Net Worth||$21 Million|
|Annual Sales||$8 Million|
|Unsold Stock||17,000 bottles|
|Lifetime Sales||$43 Million|
|Total Capital Raised||$27 Million|
|Cash in Bank||$3 Million|
Founder of LARQJustin Wang is the founder of LAQRQ. Wang loves nature and found that regular water bottles develop a foul odor over time. It happens because bacteria grow inside them, making them unpleasant for users.
LARQ Net Worth Growth
|LARQ Shark Tank Net Worth in 2023||$ 21 Million|
|LARQ Shark Tank Net Worth in 2022||$ 15 Million|
|LARQ Shark Tank Net Worth in 2021||$ 9 Million|
|LARQ Shark Tank Net Worth in 2020||$ 5 Million|
|LARQ Shark Tank Net Worth in 2019||$ 2 Million|
LARQ Shark Tank PitchIn 2021, Justin Wang's company was doing well. He accepted the invitation to appear on season 12 of Shark Tank and offered the Sharks a 1% stake in his company for $500,000 - the highest valuation ever pitched on the show. The Sharks couldn't believe the valuation for the first minute of his presentation, but Justin remained calm. The room's atmosphere changed when the businessman shared LARQ's sales performance.
Success After Shark TankAfter an impressive pitch, Justin Wang's water bottle was featured in numerous online publications. SharkTankBlog.com reported that the deal with Lori and Kevin never closed, but the business still received a lot of publicity from the show. With $6.5 million in the bank, the company had ample capital to expand.
LARQ Sales and Revenues
Is it still in Business: LARQ
Frequently Asked QuestionsRecommended
LARQ Shark Tank's Balance Sheet, Income Statement