Hargitt Marine Services Net Worth Shark Tank Update 2025

Mark Hargitt had a dream. He wanted to bring up treasure from a century-old shipwreck. The ship was the S.S. Mariposa. It sank off the coast of Alaska in 1917. Mark secured the rights to the minerals in the wreck. He thought he could make millions. He came to Shark Tank hoping for $250,000 in exchange for 25% of his company. His business was called Hargitt Marine Services. He wanted to recover valuable copper, silver, and gold ore from the wreck.

Mark believed the treasure was worth $2.4 million. He needed the Sharks to help fund his dream. He needed a crew, diving equipment, a marine vacuum, and other tools. Will the entrepreneur get a deal on Shark Tank? Check out the Packback update to find out!  

Hargitt Marine Services Net Worth Shark Tank Update 2025

Billy Hargitt and Jason Hargitt went on Shark Tank asking for $120,000 for 10% of their company. This meant they thought their business was worth $1,200,000. They made a deal with Robert Herjavec for $120,000 for 20%, lowering the valuation to $600,000. The episode was aired on May 9, 2014. The company continues to provide small-scale marine services. Using the default 10% yearly growth method, the current net worth of Hargitt Marine Services is estimated to be around $1 million in 2025.

Mark didn’t secure a deal after his appearance on Shark Tank. His business still exists but without the help of the Sharks. It is unclear if Mark was able to recover the treasure. There is no recent news about Hargitt Marine Services. Mark’s last public update on his treasure hunt was from 2015. He posted a picture of the wreckage site. He wrote that the ore was still there.

There are no further updates about the success of his recovery. It seems that Hargitt Marine Services has not made significant progress since then. The treasure is still out there. But it seems that the search for it has slowed down.

No Mark did not get a deal. He asked for $250,000 for 25% of his company. But none of the Sharks were interested. They didn’t think the investment would be worth it. Mark Cuban had received many funding requests from treasurehunters before. He said none of them worked out. Daymond John didn’t know enough about treasure hunting to understand the business.

Robert Herjavec couldn’t estimate what kind of return he would get. Barbara Corcoran was more interested in jewels than minerals. Kevin O’Leary was the last shark standing. He had once worked on recovering treasure from a ship near Cyprus. He felt Mark was underestimating the time and money required. So all the Sharks decided to pass on the deal.

Shark(s) Name	Offer & Demand	Counter Offer	Accepted?
Daymond John	Out	N/A	N/A
Robert Herjavec	Out	N/A	N/A
Kevin O’Leary	Out	N/A	N/A
Barbara Corcoran	Out	N/A	N/A
Mark Cuban	Out	N/A	N/A

Hargitt Marine Services Shark Tank pitch

Mark Hargitt was enthusiastic about searching for treasure. He viewed the shipwreck of the S.S. Mariposa as a chance. The vessel sank in 1917 after striking a reef near the Alaskan shoreline. The vessel was transporting precious minerals. Copper, silver, and gold minerals were lost in the wreck. Mark spotted an opportunity to reclaim the ore and earn money. He was aware that the treasure remained hidden.

A few individuals had previously taken minor possessions from the crash site. They seized the captain’s wheel and whistle. However, a lot of treasure remained to be found. Mark obtained the rights to the minerals found in the shipwreck. He subsequently established Hargitt Marine Services to recover the treasure. He aimed to utilize the funds from investors to finance the recovery. Mark thought that the treasure had a value of $2.4 million.

He required gear and a crew to obtain it. Mark encountered numerous difficulties. The price of the machinery was expensive. The method of retrieving the treasure was gradual and costly. Mark understood that it would not be simple. However, he was resolute in making it a reality.         

Mark Hargitt’s presentation on Shark Tank was straightforward and unambiguous. He sought $250,000 in return for a 25% stake in his business. He narrated the tale of the S.S. Mariposa. The vessel had been missing for more than a century. Mark had obtained the rights to the minerals found in the wreckage. He aimed to retrieve precious copper, silver, and gold minerals. He opened a cooler to display to the Sharks pieces of unrefined copper ore.

He informed the Sharks that various treasure seekers had removed minor objects from the shipwreck. Yet there remained a significant amount of valuable ore. He stated that he required funds to purchase diving gear, a marine vacuum, and additional tools. Mark was requesting a great deal. However, he was convinced that the treasure was valuable. The Sharks paid close attention. Mark wished they would recognize the worth of his business and make an investment. 

The Sharks had many questions about Mark’s business. They wanted to know more about the S.S. Mariposa and its treasure. Mark explained that the ship sank in 1917. It was carrying valuable minerals. The treasure had been sitting underwater for over 100 years. The ship’s wreck was off the coast of Alaska. Mark had secured the rights to the minerals in the wreck. The estimated value of the treasure was $2.4 million.

Mark showed the Sharks chunks of copper ore from the wreck. He said there was much more where that came from. The Sharks asked about the treasure hunt process. How would Mark recover the treasure? Mark explained that he needed a work crew, diving equipment, and a marine vacuum. He also needed a barge, guns, lawyers, and even shark repellent. The Sharks asked why no one had recovered the treasure already.

Mark explained that other divers had taken small artifacts but the valuable ore remained. The Sharks were curious but skeptical. They wanted to know how much money Mark had invested so far. He told them he had already spent a lot of money. But he needed more to finish the job.           

The Sharks were interested but had doubts. Mark Cuban was the first to speak. He told Mark he had received many funding requests from treasurehunters before. But they never worked out as planned. He didn’t think Mark’s treasure hunt would be any different. Daymond John didn’t know enough about treasure hunting to understand the business. He said he didn’t feel comfortable investing. Robert Herjavec was concerned about the return on investment.

He couldn’t estimate how much money he would make. Barbara Corcoran wasn’t interested in minerals. She preferred jewels. Finally, Kevin O’Leary spoke. He told Mark he had been involved in the recovery of a sunken ship near Cyprus. He felt Mark was underestimating the cost and time required to recover the treasure. Kevin said that treasure hunting was more complicated than it seemed. With all the Sharks out Mark left Shark Tank without a deal. 

What Went Wrong With Hargitt Marine Services On Shark Tank?

Mark didn’t get a deal for several reasons. The Sharks were skeptical about the treasure hunt. Mark had high hopes for the S.S. Mariposa’s treasure. But the Sharks didn’t think the investment would pay off. Mark Cuban had received similar funding requests before. He didn’t believe Mark’s business would be any different. Daymond John didn’t know enough about treasure hunting to understand the business.

He didn’t feel confident investing. Robert Herjavec was unsure about the return on investment. He couldn’t estimate what he would get in return. Barbara Corcoran wasn’t interested in the minerals. She would have preferred jewels. Kevin O’Leary thought Mark was underestimating the time and money required. He had experience with treasure hunting and knew it was a difficult business. With no deal, Mark left Shark Tank.

Product Availability

Hargitt Marine Services is a treasure-hunting business. The goal is to recover valuable copper, silver, and gold ore from the wreck of the S.S. Mariposa. The product is not a physical item. It is a service. Mark’s business is still active but there are no recent updates about the treasure recovery. The product is available through Hargitt Marine Services. But it is not available in stores or online.

The company’s website has not been updated in years. No new products or services are being offered. The treasure is still out there but it is unclear if Mark will ever recover it.

Conclusion

Mark Hargitt came to Shark Tank with big dreams. He wanted to recover treasure from a century-old shipwreck. But the Sharks didn’t think his business would work out. They were skeptical about the treasure hunt. Mark left without a deal. Since then, there has been little news about Hargitt Marine Services. It is unclear if Mark was able to recover the treasure. The S.S. Mariposa’s treasure is still out there. But it seems that the search has slowed down.