Yellow Leaf Hammock Net Worth 2021

The Yellow Leaf Hammock company was founded in 2011 by Joe Demin and his wife Rachel Connors. Both of them were inspired to create a hammock that would promote social equity and provide comfort to disadvantaged communities. In addition to this, the hammocks are made with high-quality materials. This business has received five-star reviews and is currently on the rise.

Before the 2008 recession, Joe Demin worked in the real estate industry. He met an endangered tribe in Thailand and was fascinated by their craftsmanship. After returning home, he came up with the idea of helping them with their livelihoods. His goal was to help disadvantaged communities by providing them with a sustainable revenue source.

During his travels, Joe came across a beautiful hammock in Thailand. While he was looking for the best one, he saw that the Mlabri tribe were experts in hammock making. With this experience, he decided to join forces with the women of the tribe to bring the product to the United States.

When Joe and Rachel Connors launched their business, they were seeking a deal with an investor. After getting in touch with Daniel Lubetzky, a celebrity who had been involved in various socially impactful businesses, they closed a deal. By doing so, they received a million dollar investment from Lubetzky. They then acquired a twenty-five percent stake in the company.

The founders of the company are active in sharing their activities on social media. Their followers include over 2342 people on Instagram and a whopping 962 on Facebook. Moreover, the company has a website that lists the products they sell. It is also possible to buy the hammocks on Amazon.

As of now, the company is earning about $1 million a year. However, it is projected to reach around $1.3 million in 2019. Because the company is still in its infancy, it is not publicly traded. Nonetheless, the co-founders have a net worth of about 3.5 million dollars as of 2022.

The mission of the company is to promote cultural vitality, economic health, and a long-term sense of security in the United States and around the world. Aside from that, the company works to create fair wage jobs for marginalized groups. Currently, the company focuses on building global sales, a focus that is expected to continue in the future.

The company produces colorful cotton hammocks. These are woven by the women of the Mlabri tribe in northern Thailand. The materials used are also eco-friendly. Moreover, the company strives to provide a sustainable income for the Thai families. Through their efforts, they are able to support the economic and cultural heritage of the tribal community.

After the company’s appearance on Shark Tank, the product received more exposure, and it started receiving thousands of orders in just a day. The product also earned a spot on the “Best for the World” list, a designation that is given to b-corporations that have positive social and environmental impacts.