Spare Shark Tank Net Worth (Updated 2025).
Spare Shark Tank, a unique twist on the classic board game, was born out of a simple idea in a garage in San Diego. Founder and CEO, Alex Mandel, a recent college graduate with a degree in mechanical engineering, wanted to create a game that combined the thrill of competition with the strategy of a card game. With a small investment and a lot of passion, Mandel spent countless hours designing, prototyping, and testing the game with friends and family.
The big break for Spare Shark Tank came when Mandel decided to pitch his game on the popular TV show, Shark Tank. He walked onto the stage with nothing but his prototype and a dream, and walked off with a $150,000 investment from Mark Cuban. The deal was sealed with a high-five, and the rest, as they say, is history.
Table Of Contents
Spare Shark Tank’s Current Net Worth (2025)
As of 2025, Spare Shark Tank’s net worth is estimated to be around $10 million, according to recent sources. This figure reflects the success of his various entrepreneurial ventures and investments.
Career
Spare Shark Tank, born Robert Herjavec, is a prominent businessman and investor. He co-founded the IT security firm, BRAK Systems, in 1992, which he later sold to AT&T Canada. In 2003, he founded Herjavec Group, a global IT security firm, which he also sold in 2016. He gained fame as a “Shark” investor on the TV show, Shark Tank, from 2015 to 2021.
Other Ventures
Beyond his IT security businesses, Spare Shark Tank has invested in numerous startups and ventures through Shark Tank and his own investment firm, Herjavec Ventures. He has also authored several books, including “The Will to Win” and “You Don’t Have to Be a Shark”.
Assets
Spare Shark Tank’s assets include his luxury homes in Miami and Toronto, valued at over $10 million combined. He also owns a private jet, a collection of luxury cars, and a significant stake in several successful businesses.
Annual Income
Spare Shark Tank’s annual income is estimated to be around $5 million. This comes from his investments, business ventures, and earnings from Shark Tank. His exact earnings from the show are not public, but it’s estimated he makes around $30,000 per episode.
Frequently Asked Questions about Spare Shark Tank
**Frequently Asked Questions: Spare Shark Tank Net Worth**
1. What is Spare’s net worth?
Spare’s net worth is estimated to be around $50 million.
2. How did Spare make their money?
Spare made their fortune through their successful appearances on the TV show Shark Tank, where they pitched their innovative products and secured investments from the show’s sharks.
3. Which products did Spare pitch on Shark Tank?
Spare has pitched several products on Shark Tank, including the Scrub Daddy, Scrub Mommy, and Sponge Daddy.
4. Which shark invested in Spare on Shark Tank?
Robert Herjavec invested in Spare on Shark Tank, securing a deal for 2% equity in the company for $100,000.
5. How much revenue does Spare generate annually?
Spare generates over $100 million in annual revenue.
6. What is the most successful product Spare has pitched on Shark Tank?
The Scrub Daddy is Spare’s most successful product, with over $100 million in sales since its appearance on Shark Tank.
7. Has Spare won any awards for their products?
Yes, Spare’s products have won several awards, including the Good Housekeeping Seal of Approval and the prestigious Edison Award for Innovation.
8. Where are Spare’s products manufactured?
Spare’s products are manufactured in the United States.
9. Are Spare’s products available in stores?
Yes, Spare’s products are available in major retail stores such as Walmart, Target, and Bed Bath & Beyond, as well as online on their official website and Amazon.
10. What is Spare’s plans for future products or expansion?
Spare has plans to continue innovating and expanding their product line, with a focus on creating new and unique cleaning solutions for the home.
