According to latest update from Shark Tank, Sliimey Honey has a net worth of $12 million. Slimey Honey is a company that sells food-scented slime. It was founded by Mark Lin in 2017.
Lin appeared on Shark Tank in 2022 and secured a deal with Daymond John for $200,000 in exchange for 20% equity in the company. It is his most profitable investment after Bombas Socks.
What is Slimey Honey’s Net Worth?
| Net Worth | $12 Million |
| Annual Revenue | $5 Million |
| Life Time Sales | $8.1 Million |
| Employees | 10 |
| Investor | Daymond John |
Sales Update
Before appearing on the show, Sliimey Honey was already generating over $1 Million in annual sales. However, after the show, sales exploded. In the 12 months after the Shark Tank episode aired on television, the company generated over $5 million in revenues.
Daymond John’s investment in Sliimey Honey helped the company to expand to new stores and markets in a number of ways. First, Daymond used his connections in the retail industry to help Lin get his products into major stores like Target and Walmart.
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This gave Sliimey Honey a much wider reach and helped to increase brand awareness. As a result of Daymond’s help, Sliimey Honey has become one of the most successful slime companies in the world.
Its products are now sold in over 20 countries around the globe. As of today, Daymond John earned $700k in profits from the company.
Shark Tank Pitch
Lin’s pitch started with a demo of his product. He showed the Sharks how Sliimey Honey slime is different from other slimes on the market because it is food-scented and has a unique texture.
He also explained that Sliimey Honey slime is made with high-quality ingredients and is safe for kids to use. After the demo, Lin explained the market for Sliimey Honey and how he is growing the business.
He told the Sharks that Sliimey Honey is already generating over $1 million in annual sales and that he is projecting sales to reach $2 million in the next year.