Most people remember Omar Soliman as the guy who walked into the very first episode of Shark Tank and told the Sharks to beat it.
He didn't take the deal. Back then, it looked like a massive gamble. But if you look at Omar Soliman net worth today, it’s pretty clear he wasn’t just being stubborn—he was being smart. While the internet loves to throw around "estimated" numbers that range from a few million to "who knows," the real story of his wealth is tied up in a business that does hundreds of millions in annual revenue.
Soliman didn't find a pot of gold. He hauled it, one old sofa at a time.
The $250 Million Junk Empire
Let’s get the big numbers out of the way first. You can’t talk about Omar's personal wealth without talking about College HUNKS Hauling Junk & Moving.
Honestly, the "Hunks" acronym—Honest, Uniformed, Nice, Knowledgeable, Service—is a bit cheesy, but it worked. As of late 2024 and heading into 2026, the company is pulling in roughly $250 million to $300 million in annual system-wide sales.
That is a massive jump from the $500,000 they were making when they pitched to Kevin O’Leary.
When Omar and his partner Nick Friedman started, they were using a beat-up cargo van belonging to Omar’s mom. Now, they have over 200 franchise locations across the U.S. and Canada. Because it’s a private company, Omar doesn't have to publish his tax returns on a billboard, but experts in the franchise space generally estimate the founders' equity in a brand of this scale puts their individual net worth comfortably in the $30 million to $50 million range.
But wait. There’s a catch. Net worth isn't just cash in a bank account.
Most of Omar’s wealth is "paper wealth"—the value of his ownership in the company. If he sold the whole thing tomorrow? That number would likely skyrocket. But for now, he’s reinvesting.
Why the Shark Tank "Fail" Was a Win
There's a common misconception that if you don't get a deal on Shark Tank, your business is doomed.
Omar proved the opposite.
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In that 2009 pilot, Robert Herjavec offered $250,000 for 10% of the company, but only if they included the junk hauling side, not just the "College Foxes" sister brand they were pitching. Omar and Nick said no. They didn't want to give up a chunk of their "baby" for what they felt was a low valuation.
Basically, they bet on themselves.
If they had taken that deal, they would have handed over 10% of a company that is now worth hundreds of millions. By keeping that equity, Omar’s net worth grew exponentially more than it would have with a Shark on board. It’s one of the most successful "no" votes in the show's history.
More Than Just Junk: Trash Butler and Other Assets
Omar isn't a one-hit wonder.
He co-founded Trash Butler, which is a valet trash service for apartment complexes. This isn't just a side hustle. In 2019, they raised $4.1 million from Florida Funders to scale it. Unlike the bootstrapped junk business, Trash Butler was built to scale fast with outside capital.
The valet trash industry is quietly a goldmine. Property managers love it because they can charge residents a fee and take a cut, and Omar’s team handles the labor. This second business significantly pads the Omar Soliman net worth profile, adding a tech-enabled, recurring revenue stream to his portfolio.
Where the money comes from:
- Franchise Royalties: A percentage of every couch hauled by 200+ locations.
- Trash Butler Equity: A high-growth B2B service.
- Real Estate: Omar has been vocal about investing in the Tampa area, where the company is headquartered.
- Media and Speaking: He’s an author (Effortless Entrepreneur) and appears on shows like Undercover Boss.
The Reality of "Expert" Estimates
You'll see sites claiming Omar is worth $100 million or $5 million.
The truth is usually somewhere in the middle.
Net worth is a moving target. In 2026, with the moving industry seeing a massive shift as people migrate to different states, College HUNKS has stayed relevant. But high interest rates and a cooling housing market can affect the moving side of the business.
Omar’s wealth is diversified enough that a dip in moving is usually offset by the "recession-proof" nature of junk removal. People always have trash.
What Most People Get Wrong
People think Omar is just a "junk guy."
He’s actually a systems guy. He doesn't haul junk anymore; he sells a system that teaches other people how to haul junk. That’s the difference between a job and wealth.
If you’re looking at Omar Soliman net worth as a blueprint for your own success, the lesson isn't "go buy a truck." The lesson is "build a brand that can exist without you."
He and Nick Friedman moved their headquarters to Tampa years ago to build a massive "Sales and Loyalty Center" (a fancy word for a call center). This center handles the bookings for the franchisees. By centralizing the hardest part of the business—getting the customer—they made their franchise irresistible.
Actionable Insights from Omar’s Journey
- Equity is King: Don't give up 10% or 20% of your company early if you don't absolutely have to. Omar’s refusal to settle on Shark Tank is the primary reason his net worth is what it is today.
- Solve a "Low-Tech" Problem: You don't need to build a new AI to get rich. Junk removal is as old as time, but Omar added a professional brand and modern systems to it.
- Build Recurring Revenue: Trash Butler was a pivot into "boring" recurring revenue. It’s less flashy than a big moving truck but often more valuable to investors.
- Trust the Partnership: Omar and Nick have been friends since high school. Having a partner to share the "sleepless nights" (as they've called them) allowed them to scale faster than a solo founder.
Omar Soliman's financial standing isn't just about luck. It’s a 20-year masterclass in staying the course. He started with a "borrowed van" mindset and turned it into a national household name. Whether he's worth $30 million or $60 million doesn't really change the fact that he owns one of the most recognizable service brands in the country.
To track his growth, keep an eye on the number of College HUNKS trucks you see on the road. Every time you see one, Omar’s net worth is likely ticking up just a little bit more.