Considered one of the most successful products ever pitched on shark tank, Bombas Socks has a net worth of $500 million USD.
Daymond John has invested $200k in the company for a 17% equity. The company’s products are sold in over 50 countries.
| Net Worth in 2024 | $500 Million |
| Annual Sales | $120 Million |
| Annual Profits | $19 Million |
| Lifetime Sales | $470 Million |
| Employees | 25 |
| Investor | Daymond John |
Revenues
When its founders pitched Bombas on Shark Tank in 2014, the company was making $450k in annual sales.
The sales figures have impressed Mark Cuban and Daymond. One year after the Shark Tank episode, Bombas annual revenues have crossed $2 million.
And by the end of 2016, the company’s sales exceeded $10 million.
Daymond helped the company in procuring top suppliers in China and Vietnam and also assisted in getting licenses and approvals.
As of today, Bombas sells socks and t-shirts, with monthly revenues of $13 million. The company offers its products in over 50 countries.
How much did Daymond make from Bombas?
Bombas is Daymond’s best investment on Shark Tank in terms of Return on Investment.
When he was still coming to terms with missing out on the Scrub Daddy deal with Lori, Bombas provided much-needed respite for Daymond after a string of bad investments.
Daymond’s $200,000 investment in Bombas is now worth over $60 Million. As of today, Daymond John has earned over $11 million in profits from Bombas Socks.
The Founders
David Heath, the CEO of Bombas Socks, has a background in business and marketing. He previously worked in the media industry, including roles at ESPN and Fox Sports.
The other founder of Bombas Randy Goldberg, the Chief Brand Officer, has experience in branding and marketing. He previously worked at Tesla and Home Depot.