Body Jac by Cactus Jack Shark Tank Net Worth 2023

The company was initially valued at $900,000, but after the two Shark investments it decreased to $360,000. Sadly, the company is no longer in operations so its net worth is unknown – a consequence of their financial misfortune.

Although profit seemed achievable considering the estimated value pre-investment, the investment didn’t turn out as expected and cause their demise.

However its investors may still see some returns from this incident since that final evaluation will set their losses or gains.

What Is Body Jac By Cactus Jack? Who Is The founder Of Body Jac By Cactus Jack?

The Body Jac is a piece of fitness equipment that helps users perform push-ups with varying degrees of resistance bands that can be added or removed to suit their individual strength levels.

It can also be customized to target additional muscle groups, and comes equipped with a repeat counter and a display showing the number of calories burned during use. Additionally, it includes a workout chart and a CD.

The founder of Body Jac is Jack Barringer, who was given the nickname Cactus Jack by his father. Jack is a lifelong entrepreneur, salesman, and infomercial personality who previously created the highly popular One-Shot cleaning tablet that sold over 10 million units.

Jack started Body Jac, in part, because he was 30 pounds overweight at the time and his doctor recommended he lose weight by doing push-ups. He holds multiple patents for other products he has invented, and he remains the CEO of Cactus today. Jack founded Jack’s Marketing in 1975 and has a track record of success.

The Body Jac, Jack’s latest innovation, uses resistance bands to help users perform push-ups and create customized workouts that target specific muscle groups.

Jack, originally from Illinois, has the swagger and appearance of a Texas tycoon, complete with a fringed leather jacket, a large belt buckle hidden behind an equally impressive stomach, and snakeskin boots.

What Happened to Body Jac by Cactus Jack at Shark Tank pitch?

Cactus Jack confidently enters the Shark Tank seeking the assistance of investors to develop a new company strategy that will expose him to less danger than his previous ventures.

As an experienced entrepreneur with patents for multiple innovative inventions, Jack offers more than just his latest creation. He seeks $180,000 for a 20% stake in his firm, which is valued at $900,000.

During the pitch, Robert Herjavec questions why Jack needs $180,000 when he has made several million in the past. Jack explains that he has lost his fortune and is now seeking a partner to share both the risks and the rewards. However, Kevin O’Leary and Robert Herjavec both exit the deal as they believe Jack’s personal contribution is insufficient for the share he is seeking.

Kevin Harrington offers $90,000 for 50% ownership of the business, but Jack needs another investor to commit the remaining $90,000. Barbara Corcoran offers to provide the remaining funds on the condition that Jack loses 30 pounds using his own equipment.

Kevin Harrington continues to pressure Jack for a decision, but Daymond John intervenes with an offer to pay the entire $180,000 for the entire package.

After a brief pause, Jack agrees to the deal and high fives Barbara Corcoran in celebration of his victory. The Sharks ultimately agree to invest $180,000 for a 50% stake in the company.

What Happened to Body Jac by Cactus Jack after Shark Tank?

The agreement between them was sealed after Jack and the two Sharks celebrated during the presentation. However, the firm stopped operating in approximately 2015, and the product is no longer being produced or distributed.

In August of 2020, the domain name for Body Jac was posted for sale on the company’s Facebook page. Reports suggest that Jack deceived his investors in the venture.

Despite this, Body Jac was just one more in a series of fitness fads featured in infomercials that people would use a couple of times, keep in their garages to gather dust, and then discard a decade later when they moved to a new home.

Competitors of Body Jac by Cactus Jack

There are numerous competitors of Body Jac by Cactus Jack. These are; The Body Rocker and Perfect Pushup.

Net Worth of Body Jac by Cactus Jack

During the pitch the company was valued at $900,000, after the two Sharks investment the company valued at $360,000. Since then the company is no longer in operations hence the company net worth is unknown.

Body Jac by Cactus Jack FAQs

What is Body Jac by Cactus Jack?

The Body Jac is fitness equipment that assists users in performing push-ups by providing various degrees of resistance bands that they may add or remove to suit their unique strength.

Additionally, it may be customized to target additional muscle groups.

A repeat counter is integrated into the gadget, which also displays the quantity of calories expended. Additionally, it includes a CD and a workout chart.

Who is the founder?

Jack Barringer, nicknamed Cactus Jack by his father, is the founder of the company of Body Jac. A lifetime entrepreneur, peddler, and infomercial star, he had previously produced the popular One-Shot cleaning tablet, which had sold over 10 million units.

How much was asking on Shark Tank?

Jack was seeking for $180,000 for 20% stake of his company.

Did he get the deal?

Yes, he got the deal with Barbara Corcoran and Kevin Harrington.

How much they invested in his business?

Kevin Harrington invested $90,000 for 25% share of the business; Barbara Corcoran invested $90,000 for 25% share of the business.

Is Body Jac by Cactus Jack still in business?

No, Body Jac by Cactus Jack is not in business since 2015.

How long did it last?

It is unclear when the company ceased operations. However, according to reports, the sale of the domain name suggests that the product may still be in development or sales.

What is One Shot?

The One Shot was a cleaning tablet produced by Jack Barringer. A typical episode on TV involves a man returning home after an arduous day of dealing with customers and taking their money and not giving them what they deserve.

How much is Body Jac by Cactus Jack worth?

At present, the company net worth is unknown.

What do investors think about Body Jac by Cactus Jack?

The Body Jac was a fitness gadget designed to assist users in performing push-ups with resistance bands for customized workouts targeting certain muscle groups.

However, it had been discontinued shortly after the Shark Tank pitch.

Are any future plans for Body Jac by Cactus Jack to resume?

There isn’t any confirmation whether the company will resume or not.

What is Body Jac by Cactus Jack’s revenue?

Revenue is not disclosed.

What is the weakness?

Jack Barringer had defrauded investors, his own employees and family members.

What is the strength?

The product was affordable.

What is Body Jac by Cactus Jack’s biggest challenge?

The success of infomercial products is highly dependent on sales performance. Once the initial buzz has wear off and sales start to fall, entrepreneurs have to resort to cost-cutting measures or else go bust.

What was the net worth Cactus Jack?

The net worth of Jack Barringer is unknown.