He believes his invention has a major impact on both farmers and how they can preserve water.
So, he presented his idea in Shark Tank’s Season 5, Episode 7 asking for $150,000 for 20 percent share in his company.
Did the deal go through? And, how has Tree T Pee generated a net worth of roughly $100 Million?
What Is Tree T Pee?
Tree T Pee is a simple plastic device that is placed around the bottom of trees.
Shaped like a teepee, this device gathers up to three inches of rainwater in an hour which then feeds down to the tree roots.
Instead of utilizing 25,000 gallons of water per tree through irrigation every year, the farmer only uses 800 gallons while covering his trees with Tree T Pee.
What Is Tree T Pee’s Net Worth?
Tree T Pee’s net worth in 2022 is anticipated to be in the range of around $100 Million
Taking the suggestion of Shark John Paul DeJoria, the owner of Tree T Pee is now selling the product for $8 per gadget.
This is up from its original price of $4.50 when each sale was only making a profit of $1.55. Global reach has also boosted the sales margin.
Who Is the Owner of Tree T Pee?
Johnny Georges is the proprietor of Tree T Pee.
While Rick came up with the original cone-shaped water-saving device that was wrapped around the base of citrus trees, it was his father, Rick, who invented it. With the help of his father, Johnny reworked the design.
Trees were protected from frost and water consumption was reduced by the teepee arrangement.
Why Is Tree T Pee so Popular?
There are still a lot of people interested in Johnny George’s products because of Shark Tank.
Pumping less water saves farmers a lot of money on electricity.
Additionally, they are witnessing a cost-effective and time-saving method for preserving their trees from frost damage.
Shark Tank Appearance – Did It Go Through?
On the night of his Tree T Pee presentation on Shark Tank, Johnny George bungled his way through his pitch.
Thanks to Shark John Paul DeJoria, he was finally able to tell his tale. and agreed to his terms of business
Where Is the Tree T Pee Company Today?
By the time he appeared on Shark Tank in 2013, Johnny George had sold 125,000 copies.
As soon as he appeared on stage, he sold thousands of copies in a matter of hours. The Tree T Pee product is now available in 80 countries thanks to the efforts of the two business partners.
John Paul DeJoria and Johnny George are still selling Tree T Pee together now. The product is presently available for purchase at a cost of $9.95 on the company’s website.