Spatty Daddy Net Worth
Spatty Daddy’s net worth is estimated to be around $4-5 million. Cheryl Rigdon, the inventor of Spatty Daddy, has a Master’s Degree in Speech Pathology and worked in special education before creating the product.
According to TheCurrent-Online.com, Spatty Daddy’s estimated net worth is approximately $5 million. This estimate is based on the success of the company since Cheryl Rigdon’s appearance on Shark Tank in 2012, where the company was valued at $125,000.
Since then, the company has grown significantly and its net worth has been estimated to be around $4 million.
Cheryl Rigdon is the inventor of the Spatty product line and has a Master’s Degree in Speech Pathology with an undergraduate degree in Special Education.
She worked in that field for many years before inventing Spatty and now works full-time on it. Her husband, mom, and dad were very supportive and helpful during the development of Spatty.
Rigdon appeared on Shark Tank in 2012 and received positive feedback from all of the Sharks. Kevin O’Leary even said that it was “sheer gold”. Despite not receiving any investment from Shark Tank, Rigdon has still enjoyed a great deal of success with Spatty Daddy which has significantly increased its net worth.
What is Spatty Daddy? Who is the founder of Spatty Daddy?
Spatty Daddy is an innovative spatula that has been patented and designed to effectively scrape out any remaining product from containers. Although initially designed for use with makeup, it can also be used with other products such as mustard. The Spatty Daddy is an enlarged version of the original device.
The founder of Spatty Daddy is Cheryl Rigdon, a resident of South Carolina. The idea for this device arose from her need to save money on expensive cosmetics.
Despite having no prior experience in business, Cheryl’s desire to assist others motivates her. As a result, a portion of Spatty Daddy’s profits is given to organizations that provide clean water to underdeveloped countries.
Various online and physical retailers such as Amazon, Walmart, Bed Bath & Beyond, Albertsons, Giant Eagle, and CVS provide this product for purchase.
Spatty Daddy Shark Tank pitch?
During episode 405 of Shark Tank, Cheryl Rigdon, the creator of Spatty Daddy, a spatula designed to scrape out every last bit of product from containers, presented her product to the Sharks.
She proposed a 40% stake in her $125,000 company in exchange for $50,000. While the Sharks were impressed, they had varying reactions to investing in the business.
Mr. Wonderful believed that Cheryl had no intention of distributing the product and exited the pitch. Mark also exited, claiming he was not interested in investing the time to help Cheryl build the business.
Robert was uncertain about the product’s potential success and also left the pitch. Lori and Daymond both exited as well, but Daymond offered to help Cheryl connect with makeup companies and provided her with his phone number before she left without securing a deal.
Despite not receiving a deal on Shark Tank, Cheryl Rigdon continued to pursue her business, and after the episode aired, she received an influx of pre-orders.
She finished the first production mold and prototype run and then began full manufacturing of the product. With the help of another Shark Tank entrepreneur, Mona Weiss, Cheryl was able to gain access to the 2013 Academy Awards Gifting Suite and distributed Spatty Daddy to celebrities.
Spatty Daddy is now available for purchase on Amazon and at various retailers such as Bed Bath & Beyond, Wal Mart, Target, and others stores. As of February 2022, the company has an annual revenue of $1 million, and Cheryl is working on themed versions of Spatty Daddy and metallic variants.
Net Worth of Spatty Daddy
The estimated net worth of Spatty Daddy, a spatula designed to scrape out every last bit of product from containers, is $4 million as of now.
The company was valued at $125,000 during and after the pitch on Shark Tank. Since then, the business has grown significantly.
Spatty Daddy FAQs
What is Spatty Daddy?
The Spatty Daddy is a 6-inch-long plastic spatula designed to scrape out the last bit of deliciousness from your favorite products.
Who is the founder?
Cheryl Rigdon, a South Carolina is the founder of Spatty Daddy.
How much was seeking on Shark Tank?
Cheryl was seeking for $50,000 for a 40% stake in the company, which is worth $125,000.
Did she have the deal?
No, she didn’t have deal during the pitch.
Is Spatty Daddy still in business?
Yes, Spatty Daddy is still in business with annual revenue of $1 million as of February 2022.
Where is Spatty Daddy located?
Spatty Daddy is located in Columbia, South Carolina.
Where can I buy Spatty Daddy?
Spatty Daddy is available for buy on Amazon, Wal-Mart Bed Bath & Beyond, Hamond Discount Health & Beauty, Beauty Bridge, Albertsons, Giant Eagle, Huvee and CVS.
How much is the company worth?
The company is worth $4 million as of February 2022.
How much is the Spatty Daddy?
The price on the retail market starts from $6.49 for 6″ Lip, $4.
How do I use Spatty Daddy?
Spatty Daddy was created to get every last drop of the favorite products. It is perfect for makeup, especially lipsticks and Eyeshadows.
Since it is flexible and longer than a standard spoon or spatula, user can use it to reach into any product and scoop out every last drop.
Is Spatty Daddy shipping?
Yes, Spatty Daddy is shipping to any location in United States.
How much is shipping and handling?
Shipping cost will depend on the location and the amount of items customers are buying. Orders under $50 ship free, orders over $50 ship free with orders over $100 ship free with orders over $200 ship free with orders over $300 ship free with orders over $400 ship free with orders over $500 require additional shipping charges of $5.
What is Spatty Daddy return policy?
Spatty Daddy ships out products within 2-3 business days after order and accepted payment. If customers are not 100% satisfied with their product, they can return it for a full refund within 30 days of purchase.
What is Spatty Daddy warranty policy?
Spatty Daddy offers a 1 – year limited warranty on all products purchased from the company.
How long does it take to get Spatty Daddy?
Orders ship within 2-3 business days after order has been accepted and payment has been processed.
How do I pay for Spatty Daddy?
Customers can pay for Spatty Daddy with their credit, debit, or PayPal account.
How long will Spatty Daddy last after use?
Since Spatty Daddy has a handle, it can be used to wash and handle items. Since it is plastic, it can also be used over and over again.
Is Spatty Daddy recycling?
Yes, Spatty Daddy is made from recycled plastic so it can be used over and over again.
How do I care for Spatty Daddy?
Spatty Daddy is dishwasher safe. It can also be washed by hand.
What are the product ingredients?
Spatty Daddy ingredients include plastic, premium silica gel, water-based ink and food grade silicone.
What is the net worth of Cheryl Rigdon?
The net worth of Cheryl Rigdon is not revealed.
