Litter Jewelry Shark Tank Net Worth | What Happened To Litter Jewelry After Shark Tank?
Litter Jewelry Shark Tank Net Worth 2023
The net worth of Litter Jewelry after appearing on Shark Tank was reported to be $157,000. However, as of 2023, the net worth of the company has increased to $6 million.
This represents a significant increase in value over time, which can likely be attributed to the success and growth of the business. Litter Jewelry has likely continued to develop and expand its product offerings, marketing, and sales efforts in order to achieve this impressive increase in net worth.
What is Litter Jewelry? Who is the founder of Litter Jewelry?
Litter Jewelry is a line of fashion jewelry that is made from ordinary items found in everyday places, such as thrift stores and even garbage. It includes a variety of items, including necklaces, headdresses, anklets, body chains, and circular necklaces.
The company was founded by two sisters, MacKenzie Burdock, and Rachel Mann, from San Francisco. The idea for Litter Jewelry originated when one of them transformed an old, broken necklace into a beautiful headdress.
The sisters posted a photo of the headdress on their website along with a blog post detailing its inspiration and creation. The photo received a lot of attention, leading to an invitation to appear on The Jewelry Show.
The sisters’ appearance on The Jewelry Show was a hit, impressing the hosts and audience alike. This success led to the formation of their new business venture, Litter Jewelry.
Since then, Litter Jewelry has gained popularity and is now a favorite among celebrities, including Lady Gaga and Serena Williams. The sisters have expanded their product line, including more types of jewelry, and have continued to turn ordinary items into stunning fashion statements.
Their success has not gone unnoticed, and even internet giant Amazon has taken an interest in their jewelry line.
Litter Jewelry Shark Tank pitch?
In their Shark Tank pitch, Litter Jewelry founders Rachel Mann and Mackenzie Burdick presented their handmade jewelry line seeking $80,000 for a 51% stake in their company, which was valued at $156,863.
Despite being brilliant designers, the Sharks felt that the business side of the company required their advice and assistance. Kevin O’Leary and Robert were impressed with the sisters, but they believed it would take too much time to run the company, so they declined to invest.
Daymond offered them a “designer’s bargain” to fund the company at $80,000 for 70% equity shares while paying Rachel and Mackenzie wages.
Mark Cuban offered to help Daymond with the online stuff, and Kevin returned to offer the sisters their initial request. Rachel and Mackenzie ultimately accepted Daymond and Mark’s offer.
After appearing on Shark Tank, Litter Jewelry’s deal with Mark Cuban and Daymond John was finalized a few days later. The company partnered with fashion model Selita Ebanks and had their jewelry displayed in high fashion stores worldwide.
The company continued to operate and expanded its sales channels to hundreds of independent jewelry retailers. In December 2012, ABC announced that Litter Jewelry would be featured in a follow-up story in episode 414. As of January 2022, the company’s annual revenue was $6 million.
Daymond John talks to Rachael Mann of LITTER
Net Worth of Litter Jewelry
The company valuation was $156,863 during the pitch, after investment done by Mark and Daymond the company was valued at $114,286.
Since then the company has been performing well in sales with annual revenue of $6 million as of January 2022. This justifies that the company’s net worth had elevated.
Litter Jewelry Shark Tank Update
Litter Jewelry is a company that produces and sells unique, handmade jewelry pieces made from recycled materials. The company was founded in 2008 by two childhood friends, Rachel Mann, and Mackenzie Burdick, and is based in New York City.
Litter Jewelry has gained popularity for its bold and edgy designs, often incorporating unusual materials like recycled glass, bullet casings, and antique components.
The brand was featured on the television show Shark Tank in March of 2012. The company’s founders, Mackenzie Burdick, and Rachael Mann, created each piece of jewelry by hand using materials they found at yard sales, bric-a-brac stores, and even discarded items.
During their appearance on Shark Tank, they asked for $80,000 in exchange for 51% of their company, and after negotiating with the Sharks, they secured a deal with Mark Cuban and Robert Herjavec.
Following the Shark Tank episode, Litter Jewelry experienced significant growth and success. Their Shopify site received over 250,000 hits and brought in over $25,000 in new sales.
The sisters also secured additional funding and partnerships, leading to an estimated net worth of $6 million USD.
The brand was showcased in high fashion boutiques worldwide, fashion shows, and fashion magazines and websites. It was also popularized by celebrities such as Lady Gaga, Gigi Hadid, and Serena Williams, and used to accessorize the models in the Sports Illustrated Swimsuit issue.
As of March 2023, Litter Jewelry’s founders, Rachael Mann, and Mackenzie Burdick, have a net worth of $1.8 million USD. However, it appears that Litter Jewelry is no longer available.
Summary Table: Litter Jewelry Shark Tank Net Worth 2023
| TITLE | SUMMARY |
| Company Name | Litter Jewelry |
| Founded by | Two sisters, MacKenzie Burdock and Rachel Mann from San Francisco |
| Product | Fashion jewelry made from ordinary items found in everyday places |
| Net Worth | $157,000 after appearing on Shark Tank in 2012; $6 million as of 2023 |
| Shark Tank | Asked for $80,000 in exchange for 51% of their company, secured a deal with Mark Cuban and Robert Herjavec |
| Growth | Shopify site received over 250,000 hits and brought in over $25,000 in new sales after the Shark Tank appearance |
| Partnerships | Secured additional funding and partnerships |
| Celebrity Fans | Lady Gaga, Gigi Hadid, and Serena Williams, and accessorized models in the Sports Illustrated Swimsuit issue |
| Founders’ Worth | As of March 2023, Rachael Mann and Mackenzie Burdick have a net worth of $1.8 million USD, however, Litter Jewelry is no longer available. |
Litter Jewelry Shark Tank Update
FAQs
What Happened To Litter Jewelry After Shark Tank?
Litter Jewelry is a brand that appeared on the TV show Shark Tank in Season 3, Episode 3. The founders of the brand, Mackenzie Burdick and Rachael Mann, asked for $80,000 in exchange for a 51% share of their business, which they accepted from Daymond John and Mark Cuban.
After the show, the sisters announced a collaboration with Daymond John in a YouTube video.
As of November 2022, the Litter Jewelry website stated that they were moving and not accepting orders. However, as of February 2023, the website is completely gone.
It is unclear what happened to the brand after Shark Tank, as there is limited information available.
Some sources suggest that the brand has gone out of business, while others state that the brand is still in operation, offering personalized jewelry, ladies’ swimwear, and custom-designed gift cards.
The net worth of Litter Jewelry was $157,000 when it appeared on Shark Tank. As of 2023, the net worth of Litter Jewelry is $6 million.
Who is the Founder?
MacKenzie Burdock and Rachel Mann, two sisters from San Francisco, founded Litter Jewelry. It all started when one of them converted an old, broken necklace into a stunning headdress.
They included a photo of the headpiece on their website, as well as a blog post describing how it was inspired and created.
What Was The Outcome Of The Pitch On Shark Tank?
In 2012, Litter Jewelry, a company that creates unique body jewelry from items found at yard sales, bric-a-brac stores, and even the trash, appeared on Shark Tank in Season 3, Episode 8.
The sisters behind the company, Mackenzie Burdick and Rachael Mann, asked for $80,000 in exchange for a 51% stake in their business. The Sharks, Daymond John, and Mark Cuban made an offer of $156,863 for 70% of the company, which the sisters accepted.
Following the show’s airing, Litter Jewelry’s website received over 250,000 hits and brought in over $25,000 in new sales. Mark Cuban’s team also redesigned their website.
The company enjoyed a bump in sales immediately following its Shark Tank appearance, bringing in over $25,000 in new sales within days. They have since secured additional funding and partnerships, leading to an estimated net worth of $6 million USD.
However, it is unclear what the current status of Litter Jewelry is, as some sources suggest that it is no longer available.
What Changes Have Been Made To The Company Since Appearing On Shark Tank?
Litter Jewelry, a company founded by sisters Mackenzie Burdick and Rachael Mann, was featured on the eighth episode of the third season of Shark Tank.
During their pitch, they requested an investment of $80,000 in exchange for a 51% stake in the company. The Sharks were impressed with their unique jewelry designs, which were made from items found at yard sales, bric-a-brac stores, and even from the trash.
In the end, Daymond John and Mark Cuban made an offer of $156,863 for 70% of the company, which the sisters accepted.
After the show aired, Litter Jewelry’s website received over 250,000 hits, leading to over $25,000 in new sales. Mark Cuban’s team also redesigned their website.
The exposure from the show led to an increase in sales, which brought in over $25,000 within days of the show airing. Litter Jewelry has since secured additional funding and partnerships, and is estimated to be worth $6 million USD.
However, it is unclear whether the company is still in operation, as some sources suggest that Litter Jewelry is no longer available.
How Much Investment Did Litter Jewelry Receive On Shark Tank?
Litter Jewelry is a line of chain jewelry designed by sisters Rachael Mann and Mackenzie Burdick that appeared on Shark Tank in 2012. The sisters accepted an offer of $80,000 investment in exchange for 51% equity from two Sharks, Daymond John, and Mark Cuban.
Although Litter Jewelry did not receive a deal from the Sharks, the exposure from the show helped the company earn $25,000 in new sales and over 250,000 hits on its website.
At the time of the Shark Tank appearance, Litter Jewelry had a net worth of $157,000, and lifetime sales were around $6 million. Since then, Litter Jewelry has expanded its product offerings, launching a bridal line in 2016 and adding home decor items.
Litter Jewelry continues to accessorize celebrities, including Sports Illustrated models and superstar athletes such as Serena Williams. However, there has been little added to the Litter social media account, except for sale announcements, especially around the time of Coachella.
What Was The Sharks’ Reaction To The Pitch?
There is no specific pitch mentioned, so it’s unclear how the sharks reacted. However, there are many articles and videos that discuss the sharks’ reactions to different pitches on Shark tanks.
Some pitches have been highly praised as the “best pitch ever,” while others have been criticized for being poorly executed. Additionally, there are discussions about the behavior of individual sharks, such as interrupting and talking over others.
Competitors Of Litter Jewelry?
Bead the Change, Sigal Gerber Jewelry, CK Design Jewelry Accessories, and Fine Sea Glass are all competitors of Litter Jewelry. However, Litter Jewelry has collaborated with major brands such as Urban Outfitters, Forever 21, and Nordstrom, and its products are sold in over 300 stores worldwide and online.
Litter Jewelry offers a line of handcrafted body jewelry, including headbands, elbow chains, forearms, thumb holsters, delicate torso harnesses, shoulder pieces, leg chains, and more.
The jewelry is made from elegant vintage findings, making it eco-chic. Litter Jewelry has boutiques in various cities worldwide, including Kuwait, Australia, and London.
During its Shark Tank pitch, Litter Jewelry was valued at $156,862, which decreased to $114,285 after Mark and Daymond invested. As of February 2023, Litter Jewelry is valued at $6 million.
Is Litter Jewelry Still In Business?
There are conflicting reports regarding the current status of Litter Jewelry. There is a lack of information available, which suggests that the company may have gone out of business.
However, a 2023 report indicates that Litter Jewelry is still in business and has been expanding its presence globally, with over 300 stores worldwide carrying its products.
The company has also collaborated with major brands like Urban Outfitters, Forever 21, and Nordstrom.
December 2022 highlights the unique business model of Litter Jewelry, where every piece of jewelry is one-of-a-kind, and the two sisters who founded the company were the sole designers for the entire collection.
A more recent article from April 2023 confirms that Litter Jewelry is still in operation and offers personalized jewelry, ladies’ swimwear, and custom-designed gift cards.
The company is based in San Francisco, accepts orders online, and ships worldwide. The article also notes that Litter Jewelry products are available in select jewelry stores and on Etsy.
How much were they seeking on Shark Tank?
They were seeking for $80,000 for 51% of the company. The valuation was $156,863.
Did they have the deal?
Yes, they had a deal from Mark Cuban and Daymond John.
How much was the deal?
They offered $80,000 for 70% equity shares and they will pay Rachel and Mackenzie to work for the company as an employee.
Where is Litter Jewelry located?
They are based in San Francisco, California.
What was the theme of each piece?
Each product had a unique theme, ranging from animal prints to whimsical shapes. They also offered dog harnesses and leashes, which were included in their accessories line. Their creative designs often include symbols such as hearts or stars.
How does the Litter Jewelry work?
Litter Jewelry uses specialized equipment, such as a robot, to fuse the various objects needed to create a piece of jewelry. For example, this causes the necklace to be attached to the headdress.
Afterward, they apply additional accessories in order for the piece to be complete. The accessories vary depending on the theme of each item and how complex it is.
How long did it take them to produce one product?
One design took two days or less, while another took six weeks or more.
How did they make money?
They made money by offering their products at an attractive price point, which was often around $50 and $100. Since the items sold for such a low cost, the profits were concentrated on the gross margin per item sold.
Is Litter Jewelry shipping?
Yes, Litter Jewelry currently ships all its jewelry around the world.
How much do they charge for shipping?
Shipping is free for customers within the United States, but higher for those outside of the same country.
What kind of sales and marketing tactics do they use?
The company does not spend very much money on advertising, and relies primarily on word-of-mouth to attract consumers to their products.
They promote their designs through social media channels and build a strong following by posting pictures of their new jewelry designs on Instagram.
What is the return policy?
They require the buyer to return all earrings, bracelets and necklaces within 24 hours. All sales are final.
How did they establish their company?
The company was established at first as a way to make sentimental jewelry more accessible to women on a tight budget.
MacKenzie and Rachel decided they could make a profit whenever they sold one of their items, because of the large margins that were generated by such low-cost products. They also wanted to have something decent to wear for their upcoming wedding ceremony.
What is the net worth of MacKenzie Burdock?
MacKenzie Burdock has an estimated net worth of $2 million.
What is the net worth of Rachel Mann?
Rachel Mann has an estimated net worth of $1.5million.
