54 Thrones is one of the botanical skincare brands in Africa which mainly manufactures different types of cosmetic products from natural ingredients. The products of 54 Thrones are made by following African traditional methods. This brand processes all the products naturally without wasting anything.
There are 54 countries on the African continent, and ’54 Thrones’ is the brand representing all the African countries. This brand even collects the ingredients of the products from different countries in Africa.
This brand has many products, including skincare and beauty products. But, there are no products of 54 Thrones which has harmful side effects. That is why 54 Thrones is often considered one of the best beauty brands from Africa.
54 Thrones Shark Tank Overview:
| Company Name | 54 Thrones |
| Founder | Christina Funke Tegbe |
| Founded | 2016 |
| Product | African shea-butter-based skincare |
| Asked For | $250k for a 10% equity |
| Final Deal | $250k for a 17.5% equity |
| Shark | Nirav Tolia and Kevin O’Leary |
| Episode (Shark Tank USA) | SEASON 13, EPISODE 4 |
|---|---|
| Air Date | Oct 29, 2021 |
| Business Status | In Business |
| Website | Visit Website |
| Headquarters | Houston, Texas, United States |
| Net Worth (2024) | $3 Million |
54 Thrones Net Worth 2024:
In 2023 the net worth of “54 Thrones” is around $3 million US dollars. The founder of this company mentioned a total net worth $1.4 million in Shark Tank, and at that time, the Annual revenue of 54 Thrones was around $300 thousand US dollars.
But, now the annual revenue is much bigger than that amount. There are many skin care products of 54 Thrones between $20 to $150 price range.
54 Thrones Shark Tank Update :
The founder of 54 Thrones came in Shark Tank season 13, episode 4 to present the products of this brand to the investors. She offered 10% equity in the company for $250 thousand US dollar investment.
Nirav Tolia and Kevin O’Leary agreed to invest the money but they asked for the 20% equity of the company. At last, the founder of 54 Thrones made a deal for 17.5% equity for $250 thousand US dollar investment.
- Entrepreneur: Christina Tegbe
- Business: Elevate traditional African Beauty Rituals
- Ask: $250,000 for 10% equity
- Result: $250,000 for 17.5% equity
- Shark: Kevin O’Leary and Nirav Tolia
What happened to 54 Thrones after Shark Tank :
After appearing on the Television reality show ‘Shark Tank, ’ 54 Thrones got huge publicity. As the product quality of this brand is very premium and the price of the products are so reasonable, the annual revenue of this company grew after Shark Tank.
At the time of the Shark Tank agreement, the annual revenue of 54 Thrones was $300K but 54 Thrones has made $1 million dollars in average annual revenue after Shark Tank. The valuation of the company has become larger than before as well.
After Shark Tank 54 Thrones has been featured in several beauty magazines like Adweek, USA Today, Byrdie, Elle, etc. 54 Thrones is a part of the Sephora Accelerate 2021 program and includes many other brands. Get it from Sephora, Nordstrom, Credo Beauty, or directly at 54 Thrones (available in two sizes and six scents).
54 Thrones Founder Bio:
The founder of 54 Thrones is a woman entrepreneur named Christina Funke Tegbe. She founded this beauty brand in 2016. At that time, Christian decided to do something unique with skin care products. She learned about the African beauty ritual and created her brand.
5 Fast Facts You Need to Know about 54 Thrones:
- Christina Funke Tegbe Dreamed of Being on ‘Shark Tank’ for Years
- She Pays Tribute to Her African Roots With 54Thrones
- She Has Other Businesses
- 54 Thrones Is colab with Sephora
- These Are Christina Funke Tegbe’s Favorite Ingredients to Work With
