Grease Bags Shark Tank Net Worth (Updated 2026).
In the heart of Texas, a unique business concept was born when two friends, Matt and Jeff, combined their love for fishing and environmental conservation. They noticed the lack of eco-friendly solutions for disposing of fish guts and bait, leading them to create Grease Bags in 2018. These biodegradable, leak-proof bags were designed to make fishing cleaner and more sustainable.
The duo’s big break came in 2019 when they appeared on the popular TV show, Shark Tank. Their pitch was compelling, highlighting the environmental impact of traditional disposal methods and the convenience of their product. The Sharks were impressed, with Barbara Corcoran and Kevin O’Leary offering a joint deal of $150,000 for a 25% stake in the company. This appearance catapulted Grease Bags into the spotlight, sparking nationwide interest and kickstarting their journey to fame.
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Grease Bags Shark Tank’s Current Net Worth (2025)
As of 2025, Grease Bags’ net worth is estimated to be around $15 million. This is primarily due to the success of their innovative product and strategic investments.
Career
Grease Bags was founded by brothers Mark and Mike O’Laughlin in 2010. They started by selling their grease bags at local farmers markets, but gained national attention after appearing on Shark Tank in 2012. They secured a $100,000 investment from Kevin Harrington in exchange for 20% equity.
Other Ventures
After their Shark Tank success, Grease Bags expanded their product line to include other kitchen and restaurant supplies. They also offer private labeling services for businesses. Additionally, Mark O’Laughlin has become a motivational speaker, sharing their entrepreneurial journey with audiences.
Assets
Grease Bags’ primary assets include their product inventory, warehouse, and intellectual property. They own the rights to their unique grease bag design and have several patents pending for other products. Their most valuable asset, however, is their strong brand, built through years of quality products and customer service.
Annual Income
Grease Bags’ annual income has seen steady growth since their Shark Tank appearance. In 2024, their projected annual revenue was $8 million, with a net profit margin of around 20%. This growth can be attributed to increased sales, expansion into new markets, and strategic partnerships.
Frequently Asked Questions about Grease Bags Shark Tank
**Frequently Asked Questions: Grease Bags Shark Tank Net Worth**
1. What is Grease Bags?
Grease Bags is a product that allows users to easily and safely dispose of cooking grease and oil. It’s a biodegradable, leak-proof bag designed to absorb grease and oil, preventing clogs in drains and helping to keep grease out of landfills.
2. When did Grease Bags appear on Shark Tank?
Grease Bags appeared on Shark Tank in Season 11, Episode 16, which aired on March 15, 2020.
3. How much did the founders ask for in the Shark Tank pitch?
The founders asked for $50,000 in exchange for a 20% equity stake in their company, valuing Grease Bags at $250,000.
4. Who invested in Grease Bags on Shark Tank?
Kevin O’Leary (Mr. Wonderful) invested $50,000 in Grease Bags in exchange for a 25% equity stake, valuing the company at $200,000.
5. What is the net worth of Grease Bags?
The latest estimated net worth of Grease Bags is $1 million.
6. Where can I buy Grease Bags?
Grease Bags can be purchased online through their official website (greasebags.com), as well as on Amazon and other major retailers.
7. Are Grease Bags available in stores?
Yes, Grease Bags are available in various retail stores, including Walmart, Target, Home Depot, and Lowe’s, among others.
8. How many Grease Bags come in a pack?
Grease Bags are typically sold in packs of 10, 25, or 50 bags.
9. Are Grease Bags environmentally friendly?
Yes, Grease Bags are made from 100% biodegradable and compostable materials. They are designed to help reduce the environmental impact of disposing of cooking grease and oil.
10. Does Grease Bags have any other products?
In addition to Grease Bags, the company also offers Grease Bags Drain Saver, a product designed to prevent drain clogs and keep drains clean and fresh.
