54 Thrones Shark Tank Net Worth 2023
54 Thrones is a shea-butter-based skincare business that appeared on Shark Tank.
Its net worth varies depending on the source, with estimates ranging from $1.4 million to $3.25 million. According to one estimate, it could be worth $850,000 in 2023.
What is 54 Thrones and Who is the Founder of the 54 Thrones?
54 Thrones is a skincare line that offers cosmetics inspired by African themes and ingredients such as Moroccan mint butter, Egyptian lavender, Ugandan vanilla, and Ethiopian honey butter. The products are all based on African shea tree nuts that include shea butter.
Christina Tegbe, who was influenced by her Nigerian aunt to use African skincare products in her childhood, founded 54 Thrones. Tegbe previously worked as a consultant in the corporate healthcare sector and now manages the day-to-day operations of 54 Thrones.
54 Thrones is still in business today and is recognized for its African heritage. The company’s items are available at Nordstrom, online, and at other retail locations.
People of all ethnicities are targeted, with a particular emphasis on those who want to experience the rich African history of beauty products. To keep things moving, the company relies on imports from African countries.
The company hopes to show that Africa can produce luxury and high-end goods for export. Christina Tegbe highlights the distinctiveness and variety of each African country on her social media accounts as she travels to create and design new African-themed beauty products.
54 Thrones’ beauty products have been recognized with several honors, including Oprah Magazine’s O-ward for Best Face Oil 2020 and being named one of Oprah’s Favorite Things in 2020.
Sephora has chosen 54 Thrones for its Accelerate cohort, and the products will be available in Sephora stores later this year. The company’s beauty products are available at Nordstrom, select stores, and on its website.
54 Thrones Shark Tank Pitch
In season 13 episode 4 of Shark Tank, Christina presented her African skincare company, 54 Thrones, seeking a $250,000 investment in exchange for a 10% stake, valuing the company at $2.5 million.
She shared the story of her African ancestors, who used to send tubs of Shea butter to her family, and showcased some samples to the Sharks.
Christina explained that she resigned from her job as a Healthcare Administrator, cashed in her 401K, and traveled throughout Africa to launch the skincare business with the help of local artists. In 2020, the company made $500,000 in sales with only $8,000 spent on promotion.
Being featured on Oprah’s Favorite Things increased sales, and the company earned a lifetime revenue of $300,000 prior to the show.
Robert, Mark, and Kevin did not invest in the company, citing a lack of understanding or interest in the industry. Lori declared a conflict of interest and withdrew.
Nirav offered to invest half of the money if another Shark joined him, and Kevin agreed to a 20% cut. The negotiations resulted in a 17.5% valuation, with Kevin receiving 10% and Nirav receiving 7.5%.
While it’s unclear whether the deal was finalized, the company has gained over 24K Instagram followers and has been generating a lot of buzz online since its appearance on the show.
In 2021, 54 Thrones struck a retail partnership with Sephora and Nordstrom, and Christina anticipates making a million dollars in sales. The company’s direct-to-consumer sales were 75% in 2020, and Christina expects the figures to reverse in 2021.
Despite the high cost of selling, one bottle costing $12 to create and $80 to sell, the company has been successful and is now available at Nordstrom and Sephora.
54 Thrones Net Worth
Christina appears on Shark Tank Season 13 Episode 4 in search of $250,000 for a 10% stake in her African skincare company. This translates to a $2.5 million valuation.
She accepted an offer from Kevin and Tolia of $250,000 for a 17.5% stake thus bringing the valuation to $1,428,571.43.
54 Thrones Competitors
54 Thrones has some competitors in its market space, this includes; Nubian Heritage.
54 Thrones Shark Tank Updates
54 Thrones is a skincare company that appeared on Shark Tank in Season 13 Episode 4. The founder and CEO of 54 Thrones are Christina Funke Tegbe, who is African American and originally comes from Nigeria.
During the pitch, Christina asked the sharks for $250,000 for a 10% equity. Kevin O’Leary and Nirav Tolia invested $250,000 for 17.5% equity.
Since appearing on Shark Tank, 54 Thrones has launched its product line in Sephora, which has created a huge boost in sales. The company did $500,000 in sales last year, with only $8,000 spent on marketing. This year, 54 Thrones is on track to make a million dollars in revenue and is expanding to Nordstrom.
In summary, 54 Thrones received an investment of $250,000 for 17.5% equity from Kevin O’Leary and Nirav Tolia on Shark Tank. The company has since launched its product line in Sephora and is on track to make a million dollars in revenue this year.
54 Thrones Shark Tank Summary:
| INFORMATION | DETAILS |
| Company Name | 54 Thrones |
| Business Description | Shea-butter-based skincare business offering cosmetics inspired by African themes and ingredients |
| Founder | Christina Tegbe |
| Shark Tank Pitch | $250,000 for a 10% stake, valuing the company at $2.5 million. |
| Deal Outcome | Kevin and Nirav invested $250,000 for a 17.5% stake, bringing the valuation to $1,428,571.43. |
| Net Worth (2023 estimate) | $850,000 (estimate) |
| Sales in 2020 | $500,000 |
| Retail Partnerships | Nordstrom and Sephora |
| Competitors | Nubian Heritage |
| Honors and Recognition | Oprah Magazine’s O-ward for Best Face Oil 2020, one of Oprah’s Favorite Things in 2020 |
| Target Market | People of all ethnicities with an interest in African-themed beauty products |
| Unique Selling Propositions | African-inspired, clean beauty, availability of African heritage in luxury and high-end goods for export |
54 Thrones FAQS
What Is 54 Thrones And What Products Do They Offer?
54 Thrones is a clean beauty brand that offers botanical skincare products inspired by African beauty rituals.
The founder, Christina Funke Tegbe, grew up learning beauty secrets from her Nigerian aunts and was inspired to create a brand that celebrates the richness, biodiversity, and beauty of African beauty rituals.
The name 54 Thrones is derived from the 54 countries that make up the African continent, and the company partners with African cooperatives to sustainably source their ingredients.
54 Thrones offers a range of skincare products, including cleansing masks, body oils, body melts, face oils, and beautiful water. The products are created through African beauty rituals with many ingredients sourced from cooperatives and artisans across Africa.
The products feature botanical ingredients that are ethically sourced from cooperatives and artisans throughout Africa. The company is committed to honoring its African roots and traditions.
The products have won several awards, including Oprah Magazine’s O-ward for Best Face Oil 2020, and were chosen as one of Oprah’s Favorite Things in 2020. The products are available at Sephora.
What Inspired The Creation Of 54 Thrones?
54 Thrones was inspired by the founder Christina Funke Tegbe’s love for Africa and her determination to use natural, organic beauty products.
She grew up experiencing the true and sacred beauty of Africa, learning the beauty ropes from her Nigerian aunts who would indulge her with tubs of shea butter among other beauty secrets. The name 54 Thrones is derived from the 54 countries that make up the continent of Africa.
The company partners with African cooperatives to sustainably source their ingredients. The result is a range of indulgent, beyond-clean products inspired by ancient African beauty rituals and formulated to naturally moisturize, hydrate, and nourish the skin.
The company’s mission is to create modern skincare experiences through traditional African beauty rituals.
How to Do 54 Thrones Source Its Ingredients From Africa?
54 Thrones sources its ingredients from cooperatives and artisans across Africa. The company is committed to ethically sourcing and sustainably harvesting its ingredients from African soil.
The shea butter used in their products is sourced from Ghana and Uganda, baobab oil from Nigeria, argan oil from Morocco, marula from South Africa, and jasmine and neroli from Egypt.
The company partners with African cooperatives to ensure that the ingredients are sourced sustainably and that the communities that produce them are fairly compensated.
The founder, Christina Funke Tegbe, has a personal connection to the ingredients used in the products, having learned about the benefits of shea butter from her Nigerian aunts at a young age.
What Are Some Of The Ingredients Sourced By 54 Thrones?
54 Thrones sources its ingredients from various African countries, including Ghana, Uganda, Nigeria, Morocco, South Africa, and Egypt. The company partners with cooperatives and artisans across Africa to sustainably source its ingredients.
Some of the ingredients used in 54 Thrones products include shea butter, baobab oil, argan oil, marula, jasmine, and neroli. The products are created through African beauty rituals and are formulated to naturally moisturize, hydrate, and nourish the skin.
The company is committed to using only pure and organic plant botanicals that are grown on African soil. 54 Thrones is a beyond-clean beauty brand that celebrates the richness, biodiversity, and beauty of African beauty rituals.
What Happened To 54 Thrones Shark Tank?
Christina Funke Tegbe appeared on Shark Tank Season 13 Episode 4 with her company 54 Thrones and asked the sharks for $250k for a 10% equity. Nirav Tolia and Kevin O’Leary invested $250k in 54 Thrones for 17.5% equity (7.5%/10%).
Since appearing on Shark Tank, 54 Thrones has seen great success. The brand has been featured by Forbes, Elle, and Vogue and was on the list of Oprah’s Favorite Things. The company has accumulated a following of more than 24K users on social media.
54 Thrones has a net worth of $3.25 million in 2022. The company has done extremely well and is expected to see more success and sales in the future.
What Happened To 54 Thrones Shark Tank?
Christina Funke Tegbe appeared on Shark Tank Season 13 Episode 4 with her company 54 Thrones and asked the sharks for $250k for a 10% equity. Nirav Tolia and Kevin O’Leary invested $250k in 54 Thrones for 17.5% equity (7.5%/10%).
Since appearing on Shark Tank, 54 Thrones has seen great success. The brand has been featured by Forbes, Elle, and Vogue and was on the list of Oprah’s Favorite Things. The company has accumulated a following of more than 24K users on social media.
54 Thrones has a net worth of $3.25 million in 2022. The company has done extremely well and is expected to see more success and sales in the future.
What Is The Current Valuation Of 54 Thrones?
54 Thrones is a shea butter-based skincare business that appeared on Shark Tank seeking $250,000 for 10% equity, which valued the company at $2.5 million.
The company’s net worth varies depending on the source, with estimates ranging from $1.4 million to $3.25 million. The estimate could be worth $850,000 in 2023.
54 Thrones is a beauty product company that represents African beauty. The company mostly manufactures beauty products, and all the raw materials are imported from Africa to make its products.
The company’s products are made from African ingredients such as Moroccan mint butter, Ugandan vanilla, and Ethiopian honey butter. The founder has shown the African theme of beauty in this beauty product.
Christina Tegbe is the founder of 54 Thrones, and she accepted an offer from Kevin and Tolia of $250,000 for 17.5% equity, bringing the valuation to $1,428,571.43.
The company’s sales report has not been revealed yet, but the founder had said that in 2021, she would do $1 million in annual sales. The company’s products are currently available in more than 37 retail stores in the United States, including Sephora, Nordstrom, and CredoBeauty.
In conclusion, the current valuation of 54 Thrones is not clear, as different sources provide different estimates. However, the company’s net worth is estimated to be between $1.4 million and $3.25 million, and it could be worth $850,000 in 2023.
Are 54 Thrones Still In Business After Shark Tank?
Yes, 54 Thrones is still in business as of December 2022. The company is a shea-butter-based skincare business that appeared on Shark Tank.
Its founder and CEO, Christina Funke Tegbe, presented her African-themed cosmetic products to the sharks and asked for a $250,000 investment in exchange for a 10% stake, valuing the company at $2.5 million. Kevin O’Leary and Nirav Tolia invested $250,000 for 17.5% equity in the company.
Since appearing on Shark Tank, 54 Thrones has launched its product line in Sephora, creating a significant boost in sales. The company is well-known for its African roots, and its products are available at Nordstrom, Sephora, on its website, and at other retailers.
It is estimated that the company’s net worth varies from $1.4 million to $3.25 million, and it could be worth $850,000 in 2023. The company did $500,000 in sales last year, and it is on track to make a million dollars this year.
Who is the founder of 54 Thrones?
Christina Tegbe founded the company in 2016.
How much was she seeking in the Shark Tank?
Christina Tegbe was looking for a $250,000 investment in exchange for 10% in 54 Thrones.
Did 54 Thrones get a deal from the Shark Tank?
54 Thrones received an investment from Kevin O’Leary and Nirav Tolia.
How much was the deal?
The deal was for $250,000 for a 17.5% stake in 54th Thrones.
What does the name mean?
54 refers to the 54 African countries that have Shea butter. The “Thrones” part comes from the idea of beauty products as beautiful as a throne, which is something amazing and luxurious.
It should also be mentioned that all of this is from Africa as it is called a throne.
What episode was 54 Thrones featured in?
54 Thrones was featured on season 13 episode 4 of the show.
When were 54 Thrones aired on Shark Tank?
The episode featuring 54 Thrones was on October 29th, 2021.
Did 54 Thrones get a deal on Shark Tank?
Nirav Tolia and Kevin O’Leary Accept $250,000 from 54 Thrones – Business 2 Community.
Are 54 Thrones black-owned?
Finally, a Black-owned beauty brand founded by a Black woman and using products sourced from Black-owned businesses! 54 Thrones was founded and is led by Christina Funke Tegbe.
The brand exclusively utilizes materials that have been responsibly sourced and cultivated on African soil.
Are 54 Thrones cruelty-free?
Their products are ALWAYS free of parabens, cruelty, GMOs, sulfates, and toxins.
Please keep in mind that the whipped texture of their Beauty Butters will melt in bright sunlight or intense heat.
Because their goods are unrefined and free of fillers, the consistency may suffer, but not the quality.
Where are 54 Thrones based?
Christiana was inspired by her aunt in Nigeria, who would give her mother shea butter to help with her mastectomy scar.
She began her adventure to Africa after retiring from her corporate position, where she developed the infrastructure for her firm.
When will their products be shipped?
They are a small but powerful crew that works hard to get orders out as quickly as possible. Typically, their purchase will be shipped within 5-7 business days.
How are their products being shipped?
They are not liable for packages marked as delivered by USPS or UPS, or for packages left outside their door, with a front desk, a neighbor, or any other receiving party.
They are also not liable for items sent to erroneous addresses, so please double-check their shipping information.
They will not provide refunds or resend merchandise for deliveries that have been marked as delivered.
Where do they ship?
They presently ship exclusively within the United States, but they are working on expanding their distribution so that everyone may sample 54 Thrones.
Where are 54 Thrones produced?
54 Thrones is an African botanical skincare company whose products are handcrafted in Africa by trained specialists utilizing time-honored procedures.
Their goods are pure and organic, handcrafted, and the ingredients have been utilized by African families for centuries.
What is the net worth of Christina Tegbe?
Christina Tegbe’s net worth is over $1 million.
