Le-Glue Net Worth 2025: What Happened to Le-Glue After Shark Tank?

When Tripp Phillips, then just 13 years old, and his dad, Lee Phillips, appeared on Season 10 of Shark Tank in 2019, they introduced the world to Le-Glue, a temporary adhesive for LEGO projects. Designed to keep LEGO creations intact while still being easily removable with warm water, Le-Glue solved a problem that many kids and parents could relate to—the frustration of LEGO masterpieces falling apart. But what happened to Tripp, his invention, and the company after their Shark Tank debut? Let’s dive into their incredible journey and how they’ve grown since their TV pitch.

The Shark Tank Pitch That Changed Everything

During their Shark Tank pitch, Tripp and Lee sought $80,000 for a 15% stake in their company. The young entrepreneur’s poise and confidence immediately captured the Sharks’ attention. Tripp even impressed them by demonstrating how Le-Glue kept LEGO structures intact when dropped, a visual that stuck with the panel.

Kevin O’Leary and Daymond John both made offers, but Tripp ultimately struck a deal with Kevin. The offer included $80,000 for 25% equity and a 50% royalty on licensing deals until Kevin recouped his investment. Once paid back, Kevin’s equity would drop to 20%. The deal was contingent on securing placements in big box stores, which Kevin believed would catapult the product to the next level.

Dean Cain Net Worth 2025: How Rich Is Superman Star?

Immediate Success After Shark Tank

Le-Glue’s appearance on Shark Tank was a turning point. Within a year, the company made over $500,000 in sales. By 2020, Tripp and Le-Glue were featured in Shark Tank’s Greatest of All Time Special in the “Baby Sharks” category, where Barbara Corcoran praised Tripp’s exceptional salesmanship. His knack for pitching and his genuine passion for the product made him a standout entrepreneur on the show.

From Local Beginnings to National Recognition

Le-Glue’s production is based entirely in Tripp’s hometown of Dalton, Georgia. Keeping operations local has been an integral part of the company’s identity and a point of pride for Tripp and his family. By 2022, Le-Glue’s annual sales had surpassed $1.2 million, with the product selling 15,000 units monthly. Priced at $8.99 per unit and boasting a remarkable 96% profit margin, the company generated over $1.55 million in yearly profits.

Phil Robertson Dies at 79: How Much Was Phil Robertson Worth?

The product has been praised not only for its practicality but also for being non-toxic and safe for kids. It’s become a favorite among parents and young builders alike, offering peace of mind for intricate LEGO creations.

Awards and Recognition

Tripp’s journey didn’t just bring financial success—it also brought personal accolades. In 2021, he received the Gifted Teen Award from the Georgia Association for Gifted Children, recognizing his innovative spirit and entrepreneurial achievements. Tripp’s ability to balance school, business, and public recognition has made him a role model for young entrepreneurs everywhere.

Le-Glue Today: Growing Strong

As of 2025, Le-Glue is still thriving. The company experienced a consistent 10% annual growth rate, with sales expected to hit $2 million by the end of the year. Le-Glue now sells approximately 16,000 units monthly and continues to maintain its strong profit margins. The product is available on the company’s official website and Amazon, making it easily accessible to customers worldwide.

Shelley Long Net Worth: The Cheers Star’s Career, Life, and Family

Tripp, now 18 years old, has grown up alongside his business. His father, Lee, remains an integral part of the company’s operations, emphasizing the family’s hands-on approach to business. Together, they’ve turned a simple classroom idea into a nationally recognized brand.

Lessons from Tripp’s Journey

Tripp’s story is a testament to the power of curiosity, creativity, and perseverance. From identifying a simple problem—LEGOs falling apart—to developing a patented solution, Tripp’s journey showcases the incredible potential of young minds when nurtured and supported. His success also highlights the importance of family, as his father’s guidance played a pivotal role in turning Le-Glue into a thriving business.

For aspiring entrepreneurs, Tripp’s journey offers several key lessons:

• Solve a Real Problem: Le-Glue was born out of a genuine need, making it immediately relatable and marketable.
• Stay Resilient: From securing a patent to pitching on Shark Tank, Tripp’s persistence paid off at every stage.
• Leverage Opportunities: The exposure from Shark Tank propelled Le-Glue to new heights, showing the importance of seizing big opportunities.
• Keep It Local: By keeping production in Dalton, Georgia, Le-Glue has stayed true to its roots while supporting the local economy.