KEVIN Hart is not only a skilled comedian, but is also a successful businessman, and has founded three companies as of 2023.
Hart is a recurring shark on the hit ABC show Shark Tank.
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What seasons did Kevin Hart appear on Shark Tank?
Hart appeared in two episodes during season 13 of Shark Tank.
During his first appearance on the show, the actor discussed his reasons behind creating his first company HartBeat Productions.
Hart stated in his video profile: “I started HartBeat Productions because I didn’t want to be the star that was just a work for hire.”
He continued his business ventures by creating HartBeat Ventures following the success of HartBeat Productions, which Hart stated in his video profile is all about: “financial inclusion.”
As of this publication, Hart has invested in at least 35 companies, with two notable investments going to The Transformation Factory and Snactiv.
According to Celebrity Net Worth, the actor has a net worth of $450million.
How much has Kevin Hart invested in The Transformation Factory?
One company Hart showed a huge interest in was The Transformation Factory, which sells edible sea moss gel that can be beneficial for one’s health.
Hart, along with fellow shark Mark Cuban, offered company founder Alexiou Gibson $600k for a 20% stake, which Gibson happily accepted.
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During negotiations, Hart told the founder: “I truly do believe that there’s a significant value in which you have here, and I do honestly believe in your growth potential, and also you as a business person.”
However, Hart admitted to already having tried the product before the show due to its growing popularity on social media.
Following the episode premiere, there was an increase in product sales, and The Palm Beach Post reported that Gibson is hoping their investment will help in bringing the product to retail stores.
How much has Kevin Hart invested in Snactiv?
Unlike The Transformation Factory, Snactiv sells products that aren’t edible but could be useful for those who like to eat.
Snactiv co-founders Kevin Choi and Edwin Cho went on to the show seeking $200k for a 10% stake in their company and had Hart laughing throughout the entire pitch.
Following their pitch, Hart said to Choi and Cho: “This is an amazing product, I love the idea, I love the fun behind it.”
The sharks battled it out when it came to offers, but the founders ultimately chose to take Hart and Lori Greiner’s deal of $200k for a 20% stake.
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It is unclear how much popularity the company gained after this episode, but The Daily Meal confirmed in 2023 that it still has an active presence on Facebook and Instagram.
ABC’s Shark Tank is currently airing its 14th season, and the season finale is scheduled to air on May 19, 2023.