54 Thrones Shark Tank Net Worth

54 Thrones, featured on episode 4 of season 13 of Shark Tank, is a renowned beauty and skincare brand that focuses on incorporating authentic African beauty rituals into its products.

Founded by Christina Funke Tegbe, the brand offers a range of skincare products made from high-quality ingredients sourced from Africa.

The products are known for their organic blends, free from harsh chemicals and synthetics, making them safe and effective for the skin.

Each product from 54 Thrones represents a different African culture, evident through its name, such as Minona: Body Glow Oil, Kahina: Lava Cleansing Mask, Egyptian Lavender and Moroccan Mint Butter, and Ugandan Vanilla and Ethiopian Honey Beauty Butter.

The brand has gained recognition for its commitment to promoting natural and organic beauty through traditional African methods.

54 Thrones is an internationally recognized brand that emphasizes safety, efficiency, and integrity. You can purchase it on its official website and at major retailers like Sephora and Nordstrom.

While the products may be on the pricier side, they are considered worth the investment for those looking for clean and effective skincare solutions.

Company Name54 Thrones
FounderChristina Funke Tegbe
ProductBotanical skincare line based on African plants
Investment Seeking$250,000 for a 10% equity
Final Deal Accepted$250,000 for a 17.5% equity
Shark NameNirav Tolia and Kevin O’Leary
EpisodeSeason 13, Episode 04
Business StatusIn Business
WebsiteVisit Website
Net Worth$15 Million

What Is 54 Thrones?

54 Thrones is a skincare brand that creates modern skincare experiences through traditional African beauty rituals. The brand pays homage to the 54 nations of the African continent by incorporating its products with botanical ingredients that are ethically sourced from cooperatives and artisans throughout Africa.

54 Thrones is a skincare brand that focuses on creating beauty products inspired by the diverse cultures and traditions of the 54 nations in Africa.

They ethically source botanical ingredients from cooperatives and artisans across the continent to incorporate into their products.

54 Thrones Shark Tank Net Worth

54 Thrones aims to provide modern skincare experiences rooted in traditional African beauty rituals, offering a range of products like body butter, body washes, and skincare sets that cater to various skin concerns.

By blending natural ingredients with African heritage, 54 Thrones aims to promote clean beauty and celebrate the richness of African culture through its skincare offerings.

Who Is The Founder Of 54 Thrones?

Christina Tegbe is the founder of 54 Thrones. She graduated from Tulane University with a degree in Business Law and Management and later earned a Master’s in Science with a concentration in Healthcare Administration.

Christina’s impetus for creating 54 Thrones came from her mother’s battle with breast cancer, leading her to re-evaluate beauty products and ingredients.

Christina Tegbe, with Nigerian heritage, combined her love for Africa and natural beauty products to create 54 Thrones.

Inspired by her visits to Africa and the use of shea butter in skincare, she founded the brand to celebrate African beauty rituals using organic ingredients sourced from African countries.

Before appearing on Shark Tank, 54 Thrones had already gained recognition, winning awards like Oprah Magazine’s O-ward for Best Face Oil 2020 and being featured as one of Oprah’s Favorite Things in 2020.

The brand had also been selected by Sephora for their Accelerate cohort, with products set to launch in Sephora stores. Additionally, 54 Thrones products were available in Nordstrom and other select retailers, as well as on their website.

How Was The Shark Tank Pitch Of 54 Thrones?

  • Entreprenuer: Christina Funke Tegbe
  • Product: Skincare line containing African shea butter
  • Investment Seeking: $250,000 for 10% equity
  • Final Deal: $250,000 for 17.5% equity
  • Sharks: Kevin O’Leary and Nirav Tolia

Christina Funke Tegbe, with two master’s degrees, shared her journey of traveling across Africa to connect with local producers of shea butter and other beauty ingredients.

The company’s mission of ‘Trade not Aid’ resonated with the Sharks, showcasing a commitment to empowering communities through business partnerships.

54 Thrones had impressive revenue figures, with $500,000 in 2020 and a projected million dollars in 2021.

54 Thrones Shark Tank Net Worth

The skincare brand had gained recognition, being featured on Oprah’s Favorite Things and benefiting from the surge in support for black-owned businesses.

Mark Cuban opted out due to a lack of expertise in skincare products. Lori Greiner appreciated the product but cited a conflict of interest from a previous investment in a similar product.

Robert Herjavec was not passionate about skincare and chose not to invest.

Kevin O’Leary found the business model interesting but hesitated to be the brand advocate.

Guest Shark Nirav Tolia expressed personal interest in the product due to his wife’s work with Neutrogena, indicating a potential investment.

Kevin O’Leary and Nirav Tolia offered $250,000 for 17.5% equity, which Christina initially countered at 15%.

After further negotiation, a deal was struck for 17.5% equity for the $250,000 investment, with both Sharks onboard.

SharkInvestment OfferedFounder CounterofferFinal Deal Accepted
Kevin O’Leary$250,000 for 17.5%15%17.5% for $250,000
Nirav Tolia (Guest)

Did 54 Thrones Get a Deal on Shark Tank?

Yes, 54 Thrones received a deal on Shark Tank. The founder, Christina Funke Tegbe, pitched her African plant botanical skincare line on Shark Tank Season 13 Episode 4.

She asked for $250,000 for a 10% equity stake in her company, which is valued at $2.5 million.

Ultimately, investors Nirav Tolia and Kevin O’Leary agreed to invest $250,000 for a 17.5% equity stake in 54 Thrones. This deal was finalized on the show.

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What Happened To 54 Thrones After Shark Tank?

54 Thrones, the African beauty butter brand founded by Christina Funke Tegbe, received a deal on Shark Tank from Kevin O’Leary and guest investor Nirav Tolia. The company, inspired by Christina’s aunt in Nigeria, saw a surge in popularity post-show, with features in Forbes, Elle, and Vogue.

The company received a surge in interest and website traffic after the Shark Tank episode, with over 100,000 monthly visitors.

54 Thrones products became available at various retail stores, including CredoBeauty and Nordstrom, expanding to over 37 locations across the United States.

The brand garnered media attention, being featured on platforms like the Today Show and in beauty magazines such as Elle and Bustle.

Christina Funke Tegbe continued to focus on business expansion, targeting further growth and market penetration across the United States.

Christina participated as a speaker at the Columbia African Economic Conference, showcasing the success and potential of 54 Thrones.

54 Thrones remains operational, with a team of 5 to 20 employees at its headquarters in Houston, Texas.

54 Thrones Shark Tank Net Worth

Currently available at Nordstrom and Sephora, 54 Thrones has gained over 54,000 Instagram followers and continues to grow its online presence.

Despite challenges during the pandemic, the business has persevered, sourcing ingredients directly from Ghana and supporting local cooperatives.

Christina’s dedication to her brand and the quality of her products have propelled 54 Thrones to success, with a bright future ahead.

Despite not being available on Amazon at that time, the brand’s presence in multiple retail outlets and media publications underscores its enduring success and ongoing commitment to providing natural African beauty products to consumers.

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54 Thrones Shark Tank Update

After appearing on Shark Tank, 54 Thrones, the shea-butter-based skincare business, has continued to thrive in the beauty industry.

The founder and CEO, Christina Funke Tegbe, successfully secured an investment of $250,000 from Kevin O’Leary and Nirav Tolia for a 17.5% stake in the company. This investment brought the valuation of 54 Thrones to $1,428,571.43.

Since its appearance on Shark Tank, 54 Thrones has experienced significant success and growth. The company has expanded its product line and established retail partnerships with major stores like Sephora and Nordstrom.

These partnerships have contributed to a boost in sales and increased brand visibility. As of the latest available information, 54 Thrones is still in business and actively operating in the market.

The company’s commitment to offering clean beauty products inspired by African beauty rituals has resonated with consumers, leading to a loyal customer base and positive reception in the industry.

In terms of net worth, 54 Thrones’ valuation varies depending on the source, with estimates ranging from $1.4 million to $3.25 million.

Despite fluctuations in net worth estimates, 54 Thrones continues to demonstrate resilience and growth in the competitive beauty market.

54 Thrones has successfully navigated the challenges of entrepreneurship post-Shark Tank and remains a prominent player in the skincare industry.

With a strong brand identity, innovative product offerings, and strategic retail partnerships, the company is poised for further success and continued growth in the future.

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What Is the Net Worth Of 54 Thrones?

According to our research, the net worth of 54 Thrones is estimated to be $15 million. The valuation of 54 Thrones was around $1.5 million after securing an investment from Nirav Tolia and Kevin O’Leary on season 13 of Shark Tank.