At just 18 years old, Tripp Phillips has achieved what many entrepreneurs dream of—running a thriving, nationally recognized business. Alongside his father, Lee Phillips, Tripp’s invention, Le-Glue, a temporary adhesive for LEGO projects, has turned him into a millionaire with an estimated net worth of $3 million as of 2025. Tripp, who has no known partner or children at this stage of his young life, continues to oversee his company’s steady growth alongside his father, all while balancing his personal life and ambitions for the future.
Key Takeaways
- Le-Glue’s success highlights the power of solving real-world problems with simple, effective solutions.
- Tripp Phillips’ story is an inspiration to young innovators, showcasing the potential of combining creativity, persistence, and business acumen.
- Local production and family values have played a critical role in Le-Glue’s growth, proving that staying true to one’s roots can be a strategic advantage.
- With its growing popularity and expanding reach, Le-Glue is set to remain a favorite among parents, kids, and LEGO enthusiasts for years to come.
From Classroom Idea to Shark Tank Success
Le-Glue’s story began with a simple classroom project in Tripp’s hometown of Dalton, Georgia. Identifying a relatable problem—LEGOs falling apart too easily—Tripp, then 13, created a temporary adhesive to keep LEGO creations intact. This innovation allowed kids to enjoy their builds without the frustration of them breaking, while still being easily removable with warm water.
In 2019, Tripp and Lee presented Le-Glue on Season 10 of Shark Tank, seeking $80,000 for a 15% stake in their company. Tripp’s confidence and ability to pitch won over the Sharks. Kevin O’Leary ultimately offered $80,000 for 25% equity, coupled with a 50% royalty on licensing deals until his investment was recouped. The deal, contingent on securing placements in big-box stores, marked a turning point for the company.
Rapid Growth After Shark Tank
The Shark Tank exposure propelled Le-Glue into immediate success. Within a year, the company generated over $500,000 in sales, proving that the product filled a significant gap in the market. By 2020, Le-Glue was featured in Shark Tank’s “Greatest of All Time Special” under the “Baby Sharks” category, where Barbara Corcoran praised Tripp’s entrepreneurial spirit.
By 2022, the company’s annual sales surpassed $1.2 million, selling an average of 15,000 units monthly. At a retail price of $8.99 per unit and a 96% profit margin, Le-Glue became a highly lucrative venture. The product’s non-toxic, water-soluble nature made it a favorite among parents and young builders.
Staying True to Local Roots
One of the company’s most notable aspects is its commitment to local production. Le-Glue is manufactured entirely in Dalton, Georgia, supporting the local economy and maintaining high-quality control. Tripp and Lee take pride in keeping operations close to home, emphasizing family values and a hands-on approach to business.
This strategy has paid off, as Le-Glue remains both profitable and scalable. By 2025, the company’s monthly sales have grown to 16,000 units, with annual revenues exceeding $2 million. The product is now widely available through its official website and Amazon, catering to a global customer base.
Awards and Recognition
Beyond financial success, Tripp has garnered numerous accolades for his innovative work. In 2021, he received the Gifted Teen Award from the Georgia Association for Gifted Children, highlighting his exceptional talent and entrepreneurial achievements. His ability to juggle school, business, and public recognition has made him a role model for young entrepreneurs.
Tripp’s journey has also inspired educational initiatives, encouraging kids to explore STEM (Science, Technology, Engineering, and Math) fields. His story demonstrates how creativity and curiosity can lead to impactful inventions.
Lessons from Tripp’s Success
Tripp Phillips’ entrepreneurial journey is filled with valuable lessons for aspiring innovators:
- Solve Real Problems: Le-Glue was born from a practical need, making it easy for customers to understand and embrace.
- Be Resilient: Tripp’s persistence, from securing patents to pitching on Shark Tank, has been key to his success.
- Seize Opportunities: The exposure from Shark Tank served as a launchpad for Le-Glue, showcasing the importance of leveraging big breaks.
- Stay True to Your Roots: By keeping production local, Tripp and Lee maintained control over their product while supporting their community.
Le-Glue Today and Beyond
As of 2025, Le-Glue continues to thrive with a consistent 10% annual growth rate. The product’s popularity remains strong, driven by its practicality and accessibility. Tripp, now 18, remains actively involved in the business alongside his father. Together, they’ve transformed a small classroom idea into a multi-million-dollar enterprise.
Looking ahead, Tripp plans to explore new markets and expand the Le-Glue product line while maintaining the company’s high standards. With his entrepreneurial mindset and dedication, the future looks bright for both Tripp and his growing business.
In just a few short years, Tripp Phillips has shown that age is no barrier to success. His journey from a school project to a thriving business empire is a testament to the power of innovation and perseverance. Le-Glue is not just a product—it’s a symbol of what’s possible when young minds are given the tools and support to dream big.