There are many reasons for Katherine BetterBack’s burgeoning net worth. Her BetterBack is a revolutionary sleep aid that costs less than $5 a piece and sells for more than $59 on Amazon. Because of its unique design and popularity, Katherine has already made millions of dollars in cash. Her Shark Tank appearance also brought in the attention of investors. In addition to landing an investor, she successfully funded her Kickstarter campaign and expanded from a one-person company to an international team.
Katherine Krug founded BetterBack after suffering from back problems while climbing Mount Everest. She developed a prototype for the product that she tested on her friends and family. It eventually became the BetterBack that we know and love today. The company is fairly active on social media, with nearly 11,000 followers on Facebook and over 6,000 followers on Instagram. But the company has not updated its social media accounts since January 2019.
Aside from the BetterBack’s popularity and success, the company also employs the services of several celebrities. One of them is Sylvia Sidney, a film actress with an estimated net worth of $76 million by 2020. Besides, the BetterBack has also received awards for its ergonomic design, which helps improve posture and relieve pain. Despite being a new invention, the BetterBack is designed to be portable and fits in a bag.
The BetterBack product was invented in 2015 by Katherine Krug. After her first failed start-up, she came up with the idea for BetterBack. After suffering from backaches for 14 hours a day, Krug began to design and market the device. The betterBack’s popularity has also led to numerous successful products. However, not all of the products on the Shark Tank became successful, so the betterBack’s net worth 2020 is still uncertain.
The product was created after Katherine Hendricks was frustrated by her back pain and spent countless hours sitting behind a desk. She knew that many people were in the same boat as she did. She consulted a team of designers and prototypers and ultimately designed a product that will help people with back problems. The BetterBack’s success boosted her net worth, making her the first female entrepreneur to reach the $1 million goal on Kickstarter.
The company’s success also helped Katherine Krug raise more than $3 million for her company without the need for investors. The BetterBack team used crowdfunding to raise the money, which allowed Krug to retain control of the company. In fact, the company exceeded its $18,000 crowdfunding goal on the first day of its campaign. By the end of March, the BetterBack platform had raised $345,000. This makes Katherine Krug’s net worth more than $500 million.