Drop Stop Net Worth (Updated 2025).

Drop Stop, a revolutionary product in the automotive industry, was born out of a simple yet frustrating problem faced by millions of drivers worldwide: the dreaded dropped coin or other small item rolling into the abyss between the seat and the center console. In 2015, entrepreneur and inventor Michael Berman found himself in this predicament once again, and this time, he decided to do something about it.

After years of brainstorming and prototyping, Berman created the first Drop Stop, a simple yet ingenious solution to the age-old issue. The product is a flexible, non-slip barrier that fits snugly between the seat and the console, preventing any dropped items from falling into the gap. Berman launched Drop Stop on the popular crowdfunding platform, Kickstarter, in 2016. The response was overwhelming, with the campaign raising over $2 million in just 30 days, making it one of the most successful automotive campaigns in Kickstarter history.

Drop Stop’s Current Net Worth (2025)

As of 2025, Drop Stop’s current net worth is estimated to be around $100 million, according to the latest available information.

Career

Drop Stop, founded in 2010, is a revolutionary car seat gap filler company. Their innovative product, the Drop Stop, was first introduced on Shark Tank in 2012, where they secured a $300,000 deal with Kevin Harrington. Since then, Drop Stop has become a popular and successful product, selling millions of units worldwide.

Other Ventures

Beyond the Drop Stop, the company has expanded its product line to include other car-related accessories such as the Car Caddy and the Car Organizer. They’ve also ventured into licensing their technology to other companies, further diversifying their revenue streams.

Assets

Drop Stop’s assets include their trademarked product designs, patents, and the company’s website and online platforms. Their inventory and manufacturing facilities also contribute significantly to their total assets. As of 2025, these assets are valued at approximately $80 million.

Annual Income

Drop Stop’s annual income has seen steady growth since its inception. In 2025, their projected annual revenue is around $50 million, with a significant portion coming from online sales and retail partnerships with major retailers like Walmart and Amazon.

Frequently Asked Questions about  Drop Stop

Frequently Asked Questions: Drop Stop Net Worth

1. What is Drop Stop?

Drop Stop is a car seat gap filler product that aims to prevent items from falling into the gap between the car seat and the center console. It was featured on the television show Shark Tank in 2015.

2. Who is the founder of Drop Stop?

The founder of Drop Stop is Jeffrey Simon. He invented the product after struggling to retrieve his phone from the gap in his car.

3. How much was Drop Stop sold for on Shark Tank?

On Shark Tank, Drop Stop was sold to Kevin Harrington for $30,000 in exchange for a 25% equity stake in the company.

4. What is Drop Stop’s net worth?

As of the latest estimates, Drop Stop’s net worth is approximately $5 million.

5. How does Drop Stop work?

Drop Stop is designed to fit securely into the gap between the car seat and the center console. It has a flexible, non-slip material that prevents it from moving around, and it can be easily removed for cleaning or when not in use.

6. Is Drop Stop compatible with all car models?

Drop Stop is designed to fit most car models, but it may not fit all. It’s recommended to measure the gap in your car to ensure Drop Stop will fit before purchasing.

7. Can Drop Stop be used in multiple cars?

Yes, Drop Stop can be used in multiple cars. It’s easy to remove and install, making it convenient to switch between vehicles.

8. Is Drop Stop available in stores?

Drop Stop is primarily sold online through the company’s official website. However, it may also be available in some retail stores that carry automotive accessories.

9. What is the price of Drop Stop?

The price of Drop Stop varies depending on the retailer and any ongoing promotions. On the official website, it’s typically priced around $19.99 for a pack of two.

10. Does Drop Stop come with a warranty?

Yes, Drop Stop comes with a lifetime guarantee. If it ever stops working or breaks, the company will replace it at no additional cost.