LaTangela Newsome Net Worth 2023
LaTangela Newsome was a single mother who hoped to bag an investment for her eco-friendly invention called Grease Bags. Her product was designed to compost cooking oil and grease waste, transforming them into biodegradable hydrocarbons.
When she appeared on Shark Tank, she was confident about her product and believed that it would make a big impact on the world. However, she faced setbacks as the company ran into production and distribution problems.
He is a celebrity
LaTangela Newsome is a celebrity who appeared on Shark Tank in 2017. She is the founder of Grease Bags, which is a grease disposal solution that allows people to compost their used cooking oil.
She is a Texas native and a single mother of one son. She started her own business after being inspired to do so by her love for cooking. She didn’t want to throw grease down the drain or put it in plastic bags because of its negative impact on the environment.
As a result, she invented the patent-pending, all-natural, non-toxic, absorbent grease bags that allow people to easily and greenly compost their greasy food waste. As a celebrity, she has a net worth of 15 million dollars as of 2022.
The entrepreneur pitched her eco-friendly grease disposal alternative in Season 8 of Shark Tank. Barbara Corcoran agreed to invest $75,000 in exchange for 50% equity. However, the deal fell through because of high production and distribution costs.
Even though she failed to close the deal, LaTangela Newsome did not lose faith in her product and continued to push for an investment. She was confident that she could sell enough of her eco-friendly, compostable grease bags to get Barb Shark to invest in her company.
Grease Bags is still in business and currently selling for $8.99 per pack. The entrepreneur has a large fan base and is working hard to get her product in stores.
She also has an active social media presence. She regularly updates her Facebook page and website.
As a celebrity, she is able to make millions of dollars from her singing and acting career. In addition, she has a significant following on her YouTube channel.
LaTangela Newsome is a well-known celebrity across the globe. She has an extensive fan base and is a great role model for young people.
Her net worth is $15 million as of 2022, which she has earned from her career as an actress and singer. She also earns from her YouTube channel and streetwear clothing brand.
As a celebrity, she is able and willing to promote her products to the public. She is a strong supporter of many causes, and she is a great example to others. She is also a good role model and motivational speaker for young people.
He is a businessman
LaTangela Newsome is the founder of Grease Bags, an eco-friendly grease disposal alternative that allows users to compost their used cooking oil. The bags are made of non-toxic, absorbent natural materials that are easy to compost.
As a single mother, she wanted to find an easier way to dispose of grease and oils from her cooking. She didn’t want to pour it down the drain or put it in plastic bags, which can add to pollution and clog the pipes.
The idea for Grease Bags was born from her love of cooking and her concern for the environment. She found that the unused grease that was poured down the sink caused significant damage to pipelines and sewer systems. The clogs could cost cities thousands of dollars in repair costs.
She decided to pitch her invention on Shark Tank Season 8 with hopes of receiving an investment in return for a 25% stake in Grease Bags. She hoped that the investors would like her product and give her the money she needed to grow the company.
During the show, Newsome pitched her company and gave a great presentation that left the sharks impressed. She demonstrated how the Grease Bags worked and even threw in some chicken wings to sweeten the deal. She also told them that she was a single mom and that her son’s favorite meal was deep-fried chicken wings.
When the pitch was over, Newsome requested an investment of $75,000 in exchange for a 25% stake in Grease Bags. Fortunately, she received an offer from Barbara Corcoran.
However, the deal was never closed because of production and material issues. Although the product is still available for purchase on the company’s website and Amazon, it is currently marked as “out of stock.”
Despite the setbacks, the Grease Bags are still in demand. They are currently sold for $8.99 per bag.
The inventor of the Grease Bags, LaTangela Newsome, has a net worth of $15 million USD as of 2022. She appeared on Shark Tank in 2017 and pitched her patent-pending, all-natural, non-toxic, and easy to compost bags that allow people to dispose of used cooking grease. As a result, the company has a high valuation as well.
He is a philanthropist
Latangela Newsome is the founder of Grease Bags, a product that helps people dispose of cooking grease and oil in an environmentally friendly way. She is a former child star, author, and single mom who is passionate about her work and enjoys cooking.
As a philanthropist, she believes that there are ways to make a positive difference in the world. Her business has been successful and she has a net worth of $15 million.
She started her business after she was tired of pouring her own cooking grease down the drain, which can cause clogs and damage the pipes. She wanted to create a product that would prevent this problem from happening and make it easier for people to dispose of their grease.
Her idea was to produce patent-pending, all-natural, non-toxic, absorbent bags that allow for easy and green composting. She was confident that her products could attract investors and help her build a sustainable, eco-friendly business.
When she appeared on Shark Tank in Season 8, Episode 13, she pitched her unique kitchen waste disposal solution and hoped to secure an investment from one of the sharks. Barbara Corcoran agreed to invest $75,000 in exchange for 50% shares of her company, but the deal ultimately fell through due to high material costs.
Since then, she has been working on improving her business and has made numerous sales. In fact, she has raised her valuation and is now worth more than $500,000 as of 2022.
Although her company has been struggling with production and distribution issues, she is still very much in business. She sells her products on her website and Amazon.
She also has her own social media accounts where she posts updates about her business. She is a very active person and always wants to give back to the community.
As a result of her efforts, she has been able to reach out to millions of people from around the world. This has given her a great reputation and helped her get to the top of the celebrity ladder.
The journey to this point was not an easy one, but she was determined to get there. Her hard work has paid off and she is now one of the richest persons in the world.
He is a comedian
LaTangela Newsome, the founder of Grease Bags, appeared on Shark Tank in 2017. She pitched her patent-pending kitchen grease disposal solution, which allows users to put their waste in biodegradable compostable bags.
She was able to convince one of the sharks, Barbara Corcoran, to invest $75,000 in her business. But she had to cut the price of her bags in half.
However, despite her high profile and impressive sales figures, she ran into production and distribution issues after Shark Tank. Her website and social media were down for over a year, and she was also unable to fulfill pre-orders from customers.
Her net worth as of 2022 is $15 million, which she earned from her acting and singing career. She was able to overcome these setbacks and maintain her company’s viability.
Newsome’s idea for a grease disposal alternative came from her frustration with the way she was disposing of her cooking grease and oil. She wanted to find a better way to get rid of it without adding to pollution, and so she created Grease Bags.
The bags are made from polyethylene terephthalate and feature microorganisms that absorb the liquid from the grease, which makes them easy to dispose of in your compost bin. They also come in an attractive packaging design and are biodegradable, which is a major plus for the environmentally conscious.
In her pitch on Shark Tank, LaTangela Newsome emphasized how her bags are the “smartest” alternative for a waste disposal solution. She explained that she had spent years researching, testing, and developing her product and was confident that it would be a success.
During her pitch, she also showed off her bags and explained how they work. She said that her bags are easy to use and can save you time and money by reducing the amount of trash and sewage you have to deal with.
She then proceeded to demonstrate the bags’ unique capabilities, including the ability to hold hot grease and dispose of it in an eco-friendly manner. The grease bags have a large capacity and allow you to dispose of up to five pounds of cooked fat or oils in each bag.
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