Beard King Net Worth 2023: How Is The Company Doing After Shark Tank?

Do you know What is Beard King Net Worth? Bernard King, a former small forward in the National Basketball Association, was born in the United States on December 4, 1956. (NBA). With the New Jersey Nets, Utah Jazz, Golden State Warriors, New York Knicks, and Washington Bullets, he played for 14 seasons. King is a four-time NBA All-Star and four-time All-NBA pick. In the 1984–85 season, he was the NBA’s top scorer. On September 8, 2013, he was admitted into the Naismith Memorial Basketball Hall of Fame. Albert, his younger brother, also had a professional NBA playing career.

The Beard King, also known as Nicholas Galekovic, just left the hit television program Shark Tank. In Episode 707, he attempted to market a beard bib, which was an intriguing notion, He didn’t receive the recognition he desired and his plan was met with mixed reactions.

As the Beard King, we didn’t expect anything less from him, so props to him for having the guts to put out such a notion.

What Is Beard King Net Worth?

Beard King’s” estimated net worth is $7 million. The sales of Beard King were quite spectacular even before they appeared on the show. Selling the product they created as a means of compromising, the couple made almost $80,000 in a single month. The company’s orders continued to increase as the years went by. They made $700,000 in sales after the episode of their proposal aired.

Beard King Net Worth
Beard King Net Worth

The company had over $1.6 million in expectations by year’s end. In contrast to past years, Beard King has moved on and entered an entirely new arena, and they now sell a King Kit containing beard oils and brushes in addition to the bib. In addition to Beard Queen merchandise. They now sell a King Kit containing beard oils and brushes in addition to the bib and Beard Queen merchandise.

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What Happened After Shark Tank?

Jason McOmber started the business Beardaments and started the business because he adored Christmas and Christmas ornaments. Beard decorations are available for purchase at Beardaments and we know that that sounds odd. Shark Tank, an ABC program, featured Jason in episode 9 of season 11.

He presented the sharks with his innovative idea to secure a deal for at least $150,000 for 10% of the business. Was he successful? Find out by reading on!

4+1 Benefits of Using Beard King Products

Nourishing the Skin

The oils and balms are perfect for hydrating the skin and preventing irritation.

Styling

All the products have a great hold that will help you style your beard any way you want.

Preventing Split Ends

Regular use of Beard King’s products can help keep your beard healthy and free from split ends.

Maintaining a Shape

Different beard products can help you maintain the perfect shape you want for your beard.

Ensuring Easier Maintenance

All Beard King products are great when it comes to maintaining your beard. They offer a lot of hydration, nourishment, and hold.

Clearly, Beard King products are stacked with benefits and mostly everyone who uses them is satisfied with the results.

What Were The Galekovic Asking For?

Galekovic appeared on the program in order to boost their product’s profit margins. The item was being offered for the $29 suggested retail price. As Nicholas had stated, they could raise the margin by 85% with the help of the investors. He disclosed a $400k figure when asked how much they anticipated the judges would put in. According to the investors, it wasn’t much.

However, each had their worries, so everyone left but Lori. She had her inquiries about the product, one regarding female consumers. Alessia responded by stating that 60% of the clientele is female. Lori offered them $100k with a portion of 51% stock in the company after removing her uncertainties. However, the contract fell through as the TV episode began to air. The negotiations ended without a deal.

How Does Beard King Work?

The products from Beard King function by nourishing and safeguarding your beard. The all-natural components provide the beard with an outstanding grip while promoting beard health and the styling and upkeep of the beard involve using oils, balms, waxes, and brushes. The shaving bib is also there to facilitate and improve the trimming procedure.

Beard King Net Worth
Beard King Net Worth

In any case, Beard King items are expertly crafted and can assist you in getting the proper outcomes, mainly if you develop a thick beard. Compared to their market rivals, they stand out most for their excellent design.

Personal Life Of Beard King

King was caught for cocaine possession while playing for the Jazz, and the NBA subsequently suspended him. This occurred the same year Terry Furlow, a teammate, died in a car accident; an autopsy revealed that cocaine was present in Furlow’s bloodstream.

He was also accused of forced sodomy on January 1, 1980, and he was eventually found guilty of “attempted Forcible Sexual Assault,” a misdemeanor. King completed six lie detector tests, passing each while claiming he was too drunk to remember what had happened that evening.

Final Lines

The above article lets you know about Beard King Net Worth. For more such information, Do not forget to visit us on Trending News.

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