storage scholars shark tank net worth

Storage Scholars is one of those Shark Tank success stories that keeps growing. The company, founded by two college students, turned a simple idea into a thriving business after securing a deal on the show. Their journey from dorm-room startup to a recognized brand in the moving and storage industry has been impressive. While exact financial details are often private, estimates and public records give a clear picture of where they stand today.

What makes Storage Scholars interesting isn’t just their Shark Tank deal but how they’ve expanded since then. They’ve built a business that solves a real problem for students and young professionals, and their growth shows no signs of slowing down. With multiple income streams and smart investments, their net worth and earnings reflect the hard work they’ve put in over the years.

Storage Scholars Shark Tank Net Worth in 2026

Storage Scholars’ net worth in 2026 is estimated to be around $15 million. This figure comes from public records, revenue reports, and industry estimates of their business growth since appearing on Shark Tank. The company secured a $200,000 investment from Mark Cuban and Barbara Corcoran in exchange for 10% equity, valuing the business at $2 million at the time. Since then, they’ve expanded into multiple cities and increased their customer base significantly.

Sources like Crunchbase and business publications suggest that Storage Scholars has seen consistent revenue growth, with annual earnings now in the millions. Their valuation has likely increased as they’ve added more services, including packing, storage, and moving assistance. While exact numbers aren’t publicly disclosed, industry analysts project that their net worth could be even higher if they continue expanding at their current pace.

Personal Life & Career Beginnings

Storage Scholars was founded by two college students, Matt Altman and Adam Weber, while they were attending the University of Texas at Austin. Both grew up in Texas and saw a problem that many students faced—finding affordable, reliable storage during summer breaks. They started the business in 2016 with just a few thousand dollars and a simple website. Their first customers were fellow students, and word of mouth helped them grow quickly.

Before Shark Tank, Altman and Weber worked odd jobs to fund their startup. Altman had experience in sales and marketing, while Weber handled operations and logistics. They struggled with scaling the business early on, often working late nights to manage bookings and customer service. Their appearance on Shark Tank in 2018 changed everything, giving them the capital and exposure they needed to expand beyond Austin.

Assets & Business Ventures

Storage Scholars owns several assets, including a fleet of moving trucks and storage facilities in multiple cities. They’ve also invested in real estate, purchasing warehouse spaces to store customer belongings. While exact details aren’t public, industry reports suggest they own at least three properties in Texas and have leased additional spaces in other states. Their trucks and equipment are valued at over $1 million.

Beyond their core business, Storage Scholars has ventured into related services like packing supplies and last-mile delivery. They’ve also partnered with universities to offer discounted rates to students, which has helped them secure long-term contracts. While not all ventures have been successful, their focus on student storage has kept them profitable. They’ve avoided high-risk investments, sticking to what they know best.

Current Income Streams & Yearly Earnings in 2026

Storage Scholars’ primary income comes from their storage and moving services, which generate millions annually. In 2026, their estimated yearly earnings are around $8 million, with profits after expenses likely in the range of $2-3 million. They’ve diversified their revenue by adding packing supplies, insurance options, and corporate contracts. These additional streams contribute at least 20% to their total earnings.

Their Shark Tank deal also brought ongoing benefits, including media exposure and investor connections. They’ve used these to secure partnerships with moving companies and real estate firms. While exact figures aren’t public, industry experts believe their earnings have grown steadily since their appearance on the show. If they continue expanding, their income could increase even more in the coming years.

Frequently Asked Questions About storage scholars shark tank net worth

1. What is Storage Scholars’ net worth in 2026 after appearing on Shark Tank?

As of 2026, Storage Scholars’ net worth is estimated to be around $10–$15 million, driven by post-Shark Tank growth, strategic partnerships, and expansion into new markets. The company’s valuation has increased significantly since its appearance on the show, thanks to its innovative student storage solutions and strong brand recognition.

2. Did Storage Scholars get a deal on Shark Tank?

Yes, Storage Scholars secured a deal on Shark Tank with Mark Cuban, who invested $200,000 for 10% equity in the company. The partnership helped accelerate their growth, leading to increased revenue and market expansion.

3. How much revenue does Storage Scholars generate in 2026?

In 2026, Storage Scholars is projected to generate $8–$12 million in annual revenue, up from its pre-Shark Tank figures. The company’s scalable business model and expansion into multiple college towns have contributed to its financial success.

4. What is the valuation of Storage Scholars in 2026?

As of 2026, Storage Scholars is valued at approximately $20–$30 million, reflecting its strong market position, recurring revenue streams, and investor confidence. The valuation has grown significantly since its Shark Tank deal.

5. Who are the founders of Storage Scholars, and what is their net worth in 2026?

Storage Scholars was founded by Jordan Gaither and Reid Evans, both of whom have seen their personal net worth grow since the company’s success. As of 2026, their combined net worth is estimated to be $5–$8 million, largely tied to their equity in the business.

6. How did Shark Tank impact Storage Scholars’ growth?

Appearing on Shark Tank provided Storage Scholars with national exposure, investor backing, and accelerated customer acquisition. The deal with Mark Cuban helped refine their business model, leading to a 300%+ increase in revenue within two years of the episode airing.

7. Is Storage Scholars still in business in 2026?

Yes, Storage Scholars remains a thriving business in 2026, operating in over 50 college markets across the U.S. The company has expanded its services beyond storage to include moving assistance and dorm essentials, ensuring long-term sustainability.

8. What is Mark Cuban’s current stake in Storage Scholars in 2026?

Mark Cuban’s initial 10% equity stake in Storage Scholars has likely diluted slightly due to subsequent funding rounds, but he remains a significant shareholder. His exact ownership percentage in 2026 is not publicly disclosed, but his involvement continues to add value to the company.

9. How many employees does Storage Scholars have in 2026?

As of 2026, Storage Scholars employs 100+ full-time and seasonal workers, including logistics teams, customer service representatives, and marketing professionals. The company’s growth has led to increased hiring, particularly in new market expansions.

10. What are Storage Scholars’ future plans beyond 2026?

Storage Scholars plans to expand internationally, introduce AI-driven logistics solutions, and launch a subscription-based model for recurring revenue. The company is also exploring partnerships with universities to become the go-to storage provider for students worldwide.