16 Handles Net Worth (Updated 2026).

16 Handles was founded in 2008 by Solomon Choi, a young entrepreneur with a passion for frozen yogurt. Choi started his career in the food industry at a young age, working in his family’s ice cream shop. He noticed a gap in the market for a healthier, yet still delicious, alternative to traditional ice cream. Thus, 16 Handles was born, offering a variety of frozen yogurt flavors made with non-fat milk and live active cultures.

Choi opened the first 16 Handles store in New York City, focusing on a self-serve concept that allowed customers to customize their own frozen yogurt creations. The unique approach, combined with the high-quality ingredients and a wide range of toppings, quickly gained popularity among health-conscious consumers and dessert lovers alike. Word of mouth and positive reviews spread rapidly, catapulting 16 Handles to fame within the frozen yogurt industry.

16 Handles’ Current Net Worth (2025)

As of 2025, 16 Handles, the popular New York-based frozen yogurt chain, has an estimated net worth of $50 million. This figure reflects the company’s growth and success in the competitive food industry.

Career

Founded in 2008 by Solomon Choi, 16 Handles pioneered the self-serve frozen yogurt concept in New York City. The company quickly expanded, opening multiple locations and gaining a loyal customer base. Choi’s innovative approach to the frozen dessert industry has been a key factor in 16 Handles’ success.

Other Ventures

In addition to 16 Handles, Solomon Choi has ventured into other food-related businesses. In 2016, he launched The Chill House, a dessert shop offering a variety of sweet treats. Choi has also invested in other food startups, demonstrating his commitment to the industry’s growth and innovation.

Assets

16 Handles’ assets include its numerous store locations, primarily in the New York City metropolitan area. The company also owns its proprietary frozen yogurt recipes and branding, which are valuable intellectual properties. Additionally, 16 Handles’ strong customer loyalty and brand recognition contribute significantly to its overall value.

Annual Income

16 Handles generates an annual income of approximately $20 million. This revenue comes from sales at its various store locations, as well as from licensing and franchise fees. The company’s consistent growth and expansion have contributed to this steady income stream.

Frequently Asked Questions about  16 Handles

**Frequently Asked Questions: 16 Handles Net Worth**

1. What is 16 Handles?

16 Handles is a New York-based frozen yogurt chain known for its self-serve concept, offering a variety of flavors and toppings.

2. When was 16 Handles founded?

16 Handles was founded in 2008 by Solomon Choi and Matthew Cohen.

3. How many locations does 16 Handles have?

As of 2021, 16 Handles has around 30 locations, primarily in the New York metropolitan area.

4. Who are the founders of 16 Handles?

The founders of 16 Handles are Solomon Choi and Matthew Cohen.

5. What is the net worth of 16 Handles?

The latest estimated net worth of 16 Handles is around $50 million.

6. Is 16 Handles a public company?

No, 16 Handles is a privately held company.

7. What is the average price of a serving at 16 Handles?

The average price of a serving at 16 Handles ranges from $5 to $8, depending on the size and toppings chosen.

8. Does 16 Handles offer any dietary restrictions options?

Yes, 16 Handles offers dairy-free and vegan options, as well as gluten-free toppings.

9. Are there any 16 Handles locations outside of New York?

While most 16 Handles locations are in the New York area, there are a few locations in other states such as Connecticut, New Jersey, and Pennsylvania.

10. How does 16 Handles compare to other frozen yogurt chains?

16 Handles is known for its wide variety of flavors and toppings, as well as its self-serve concept, which differentiates it from other frozen yogurt chains. However, it faces competition from larger chains like Yogurtland and Menchie’s.