When LaTangela Newsome stepped onto the Shark Tank stage in Season 8, Episode 13, she brought more than just an invention. She brought a mission. Her product, Grease Bags, offered an eco-friendly way to dispose of cooking oil without harming drains or landfills. It wasn’t just a solution. It was a story rooted in everyday kitchen problems.
The Sharks were skeptical. The prototype couldn’t handle hot oil. The retail price was steep at $12.99. But just as Newsome turned to walk away, Barbara Corcoran stunned everyone by offering $75,000 for 50% equity, on the condition the price be cut in half. Newsome accepted. Hope was in the air.
Grease Bag Net Worth 2025: Where Does It Stand?
Despite a promising pitch, Grease Bag’s net worth in 2025 is estimated to be approximately $241,500. Why the modest valuation? While one source claims a $15 million valuation, this figure lacks supporting evidence and is inconsistent with the company’s reported struggles.
How We Calculated the 2025 Net Worth
We based our estimate on three core factors:
- Sales Activity: No active listings on Amazon or Walmart. The product appears only on the official Shopify store.
- Public Visibility: Very limited customer engagement, no recent press, and no evidence of large-scale distribution or investor backing.
- Customer Sentiment: Declining reviews citing leaks and bag failures. No verified compostability certifications like BPI or ASTM D6400.
Assuming current sales are limited to website-only orders (under 100 per month) at $13.99 each, that totals under $20,000 annually. After subtracting manufacturing and shipping, profits likely sit near zero.
The company’s 2025 valuation remains modest due to production challenges, fulfillment issues, and minimal scaling success.
What Went Wrong After Shark Tank?
Although Newsome accepted Barbara Corcoran’s deal on air, the partnership never closed. Manufacturing delays, financial constraints, and retail pricing disagreements likely caused the fallout.
Newsome tried to move forward solo. She bought packaging supplies herself, launched an e-commerce site, and fulfilled orders manually. But by 2021, Amazon reviews began plummeting. Customers complained of torn bags, leaky grease, and unmet delivery timelines.
One former buyer wrote: “It arrived split open. I wanted to support a Black-owned business, but the quality made it impossible.”
🗳️ If you were a Shark, would you have invested in Grease Bag after that pitch?
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Founder Story: From Actress to “Monstapreneur”
Before Shark Tank, LaTangela Newsome was best known for her role in Nickelodeon’s Taina. But behind the screen, she was solving a real-world problem – how to safely throw away leftover grease.
As a single mother, Newsome didn’t just build a product. She built it around her lifestyle. She called herself a “monstapreneur,” pushing boundaries in business, parenting, and sustainability. Her determination inspired many, especially underrepresented founders.
Is Grease Bag Really Compostable?
The website claims the bags are “commercially compostable” and safe for mulch. But deeper digging revealed no BPI or ASTM D6400 certification, which are the gold standards in the U.S. for compostable products.
In an era when PFAS and microplastics dominate headlines, consumers want proof. Without certification, Grease Bags fall into a gray zone — good intention, unclear execution.
What Are Customers Saying in 2025?
Most recent online reviews date back to 2021. The Shopify store is still live, and the product is priced at $13.99 per bag. But there’s no clear sign of volume sales, recent testimonials, or active marketing.
Even social platforms like TikTok and Reddit show little traction. Meanwhile, rival products like FryAway have captured the oil disposal market, offering solidifier powders that are leak-proof and easier to store.
Lessons for Aspiring Entrepreneurs
Grease Bag’s story is a masterclass in why product readiness, certifications, and logistics matter as much as a good pitch. A Shark Tank deal doesn’t guarantee success. It just opens a door.
Entrepreneurs should:
- Validate product functionality before going to market.
- Get third-party certifications to earn trust.
- Invest in fulfillment operations to avoid reputation damage.
Final Thoughts
Grease Bag had the recipe: a passionate founder, a real-world problem, and national TV exposure. But it needed more time in the oven. In 2025, its impact lives more as a cautionary tale than a business success.
Still, LaTangela Newsome’s resilience is something Shark Tank fans and future founders can respect.
🔹 TL;DR (Too Long; Didn’t Read)
Grease Bag Net Worth 2025 is estimated at $241,500. The Shark Tank deal fell through, and the product faced major setbacks in quality, certification, and sales growth.
FAQs
Is Grease Bag still in business in 2025?
Yes, Grease Bag is still available for purchase on its official website, but sales appear to be very limited.
Did Grease Bag get a deal on Shark Tank?
Yes, Barbara Corcoran offered $75,000 for 50% equity, but the deal never closed after filming.
What is Grease Bag’s net worth in 2025?
Grease Bag’s estimated net worth in 2025 is approximately $241,500, based on current sales and public data.
Who is the founder of Grease Bag?
Grease Bag was founded by actress and entrepreneur LaTangela Newsome, best known for her role on Nickelodeon’s Taina.
Where can I buy Grease Bags?
You can buy Grease Bags on the official BioRemix Shopify website. They are not currently available on Amazon or Walmart.
Are Grease Bags certified compostable?
No. As of 2025, Grease Bags do not appear to hold BPI or ASTM D6400 certifications for compostability.