Tree T-PEE, a revolutionary product designed to protect young trees while conserving water, has gained significant attention since its inception in 2005. Founded by Johnny Georges, the company has seen remarkable growth, particularly after Georges’ appearance on the popular television show “Shark Tank” in 2013. This article delves into the journey of Tree T-PEE, its current net worth, and the impact it has made in the agricultural sector.
Johnny Georges, inspired by his father Rick Georges, who was a pioneer in the irrigation industry, created the first Tree T-PEE to protect young trees from frost damage. The original design was a simple cone that helped retain moisture and nutrients for trees aged between one and five years. However, it wasn’t until Johnny improved the design to conserve water and reduce the energy needed for irrigation that the product began to gain traction.
In 2013, Johnny Georges took a leap of faith and pitched his product on “Shark Tank.” His appearance on the show was a turning point for the company. Georges sought an investment of $150,000 in exchange for 20% equity in Tree T-PEE. The pitch caught the attention of John Paul DeJoria, a self-made billionaire and co-founder of Paul Mitchell hair products and Patron Spirits. DeJoria recognized the potential of Tree T-PEE and agreed to invest, providing the necessary support to help scale the business.
Tree T-PEE: A Game Changer in Agriculture
The Tree T-PEE is designed to be a “mini greenhouse” for young trees, providing protection from frost and wind while ensuring that water and nutrients reach the roots effectively. The product is made from 100% recycled plastic and is manufactured in the United States. It has been reported that the Tree T-PEE can save up to 90% of water compared to traditional irrigation methods, making it an environmentally friendly solution for farmers.
Since its launch, Tree T-PEE has gained popularity among farmers and nurseries. The product is sold at a competitive price, with a basic unit retailing for around $9.95. The company has successfully sold millions of units, and as of 2021, Tree T-PEE was estimated to have a net worth of approximately $100 million. This figure has likely increased in the years since, as the company continues to expand its market reach.
Impact of Shark Tank on Tree T-PEE’s Growth
Following Johnny’s appearance on “Shark Tank,” Tree T-PEE experienced a surge in sales and visibility. The partnership with John Paul DeJoria allowed the company to present its product to larger corporate clients and expand its distribution network. The product’s availability increased, with retail locations such as Home Depot offering Tree T-PEE at prices around $9.97.
Social media presence has also played a crucial role in the company’s growth. Tree T-PEE’s Facebook page has grown from 36,000 likes to over 62,000, reflecting the increasing interest in sustainable agricultural practices. The collaboration between Johnny Georges and John Paul DeJoria has not only enhanced the product’s marketability but has also contributed to a broader awareness of water conservation in farming.
Current Net Worth and Future Prospects
As of 2024, Tree T-PEE’s net worth is estimated to be in the billions, a testament to the product’s success and the growing demand for sustainable agricultural solutions. The company has made significant strides in reaching farmers and nurseries across the United States, helping them save water, reduce costs, and protect their crops from environmental challenges.
Johnny Georges continues to advocate for the adoption of Tree T-PEE among farmers, emphasizing the importance of changing traditional farming practices. With the ongoing support from John Paul DeJoria and the increasing awareness of environmental issues, the future looks bright for Tree T-PEE and its mission to revolutionize irrigation practices.
Conclusion
Tree T-PEE has emerged as a leader in sustainable agricultural solutions, thanks to the innovative vision of Johnny Georges and the strategic partnership with John Paul DeJoria. The product’s ability to conserve water and protect young trees has made it a valuable asset for farmers looking to improve their practices. As the company continues to grow, it remains committed to its mission of promoting environmental sustainability in agriculture.
FAQs
What is Tree T-PEE?
Tree T-PEE is a cone-shaped product designed to protect young trees from frost and wind while conserving water and nutrients for optimal growth.
Who founded Tree T-PEE?
Tree T-PEE was founded by Johnny Georges in 2005, inspired by his father’s innovations in the irrigation industry.
What was the impact of Shark Tank on Tree T-PEE?
Johnny Georges’ appearance on “Shark Tank” in 2013 led to a significant investment from John Paul DeJoria, which helped the company expand its market reach and increase sales.
What is the current net worth of Tree T-PEE?
As of 2024, Tree T-PEE’s net worth is estimated to be in the billions, reflecting its success and growing demand in the agricultural sector.
How does Tree T-PEE help farmers?
Tree T-PEE helps farmers by conserving water, reducing costs, and protecting young trees from environmental challenges, ultimately leading to better crop yields.