Fry Away Shark Tank Net Worth (Updated 2026).

Fry Away Shark Tank, a revolutionary kitchen gadget, was born out of a simple yet ingenious idea. In 2017, inventor and entrepreneur, Alex Craig, was frustrated with the mess and hassle of traditional deep-frying. He envisioned a cleaner, safer, and healthier way to enjoy crispy, fried foods at home. Thus, Fry Away was conceptualized as a compact, easy-to-use air fryer that mimicked the taste of deep-frying with a fraction of the oil.

Craig’s big break came when he pitched Fry Away on the popular TV show, Shark Tank, in 2018. The Sharks were immediately impressed by the product’s unique design, ease of use, and health benefits. Mark Cuban, a self-proclaimed “foodie,” was particularly drawn to the idea, leading him to invest $300,000 in exchange for a 20% equity stake. This deal catapulted Fry Away into the national spotlight, sparking a surge in sales and transforming it into a household name.

Fry Away Shark Tank’s Current Net Worth (2025)

As of 2025, Fry Away’s net worth is estimated to be around $15 million. This is a significant increase from its valuation during its appearance on Shark Tank in 2019, reflecting the company’s remarkable growth and success in the market.

Career

Fry Away was founded by entrepreneurs Mike and Bethany Meola in 2018. The company specializes in creating innovative, low-fat, and low-calorie fried food products. In 2019, they pitched their product on ABC’s Shark Tank, securing a deal with Kevin O’Leary for $150,000 in exchange for a 20% equity stake in the company.

Other Ventures

In addition to Fry Away, Mike Meola has also co-founded another company, Meola Foods, which focuses on creating healthy, low-fat, and low-calorie food products. Bethany Meola, meanwhile, has leveraged her background in marketing and sales to help grow Fry Away and other related ventures.

Assets

Fry Away’s primary assets include its proprietary low-fat frying technology, which is the core of its product line. The company also owns a manufacturing facility in Texas, as well as various trademarks and patents related to its products and technology.

Annual Income

Fry Away’s annual income has seen steady growth since its inception. In 2021, the company reported an annual revenue of $5 million, a significant increase from the previous year. As of 2025, Fry Away’s annual income is projected to reach $12 million, reflecting the company’s continued expansion and success in the market.

Frequently Asked Questions about  Fry Away Shark Tank

Frequently Asked Questions: Fry Away Shark Tank Net Worth

1. Who are the founders of Fry Away?

The founders of Fry Away are brothers Nick and Chris Lamia.

2. When did Fry Away appear on Shark Tank?

Fry Away appeared on Shark Tank in Season 11, Episode 14, which aired on March 15, 2019.

3. What was the asking price for Fry Away on Shark Tank?

The brothers asked for $200,000 in exchange for a 10% equity stake in their company, valuing it at $2 million.

4. Did they get a deal on Shark Tank?

Yes, they got a deal with Kevin O’Leary. He offered $200,000 for a 20% stake in the company.

5. What is the Fry Away product?

Fry Away is a kitchen appliance that uses hot air to fry food without oil. It’s designed to make healthier, less messy fried food at home.

6. How much does the Fry Away air fryer cost?

The Fry Away air fryer retails for around $150.

7. What is the net worth of Fry Away?

The latest estimated net worth of Fry Away is $5 million.

8. How has Fry Away performed since Shark Tank?

Since appearing on Shark Tank, Fry Away has seen significant growth. They’ve sold over 100,000 units and expanded their product line to include a larger, deluxe version of their air fryer.

9. Where can I buy a Fry Away air fryer?

Fry Away air fryers are available on their official website, as well as on Amazon and other major retailers.

10. Are there any Fry Away coupons or discounts available?

Fry Away occasionally offers discounts and promotions on their website. They also sometimes have coupons available on retail sites like Amazon. It’s best to check their official website or social media channels for the latest offers.