Grace And Lace Net Worth: After Shark Tank, Grace and Lace’s sales grew to $1 Million. Melissa and Rick Hinnant appeared on “Shark Tank” in 2016 to show off their leg warmers that Melissa first knitted herself. In Three Years, Grace and Lace made $19 Million in sales.
As of 2019, the company’s sales jumped to $47 million, and the company expanded to include other products like tops, shorts, and accessories. In 2021 Grace And Lace Net Worth is $7.5 Million.
Grace and Lace began in 2011 out of Melissa and Rick’s Home. The fledgling company made a single article of clothing: a lacy women’s “boot sock” that would stick out the top of a pair of boots and create an added design texture between footwear and pant leg.
The boot sock struck the Hinnant’s as a niche item, until they promptly did $800,000 in sales in their first calendar year.
Before any of this started, the Hinnant’s were newly married and expecting their first child. Five months into the pregnancy, Melissa went in for a routine appointment and received some grave news; without surgical intervention, she would give birth within 24 hours, and it was unlikely her daughter would survive.
She was rushed into surgery and miraculously, their daughter survived. But Melissa was told she would have to spend the remainder of the pregnancy on hospital bed rest, or risk losing the baby.