4Ocean was officially launched in 2017 by Alex Schulze and Andrew Cooper. The two surfers got the idea while on a surfing trip to Bali. Instead of finding the massive waves they were looking for, the two founders saw an ocean filled with plastic waste and in desperate need of plastic removal services. They claim to have started with nothing, but now the 4Ocean net worth is enough to open multiple other businesses.
Apart from selling bracelets made of recycled materials, 4Ocean also uses part of the profits to clean coastlines and oceans. What else can you purchase from this company and how much is their net worth?
Is 4Ocean legitimate?
4Ocean is as valid as they come and is among the few companies in the world leading the race to remove plastic from the ocean. The founders were encouraged to establish the company after a visit to Bali, Indonesia, in search of the perfect waves. Indonesia is second only to China when it comes to pollution, which made it easier for the two friends to gain support from locals and other interested parties. After an interview with the lifeguard regarding the state of pollution, the two young men decided to start their own company to provide a feasible solution.
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Considering they had no capital to start their company, Schulze and Cooper decided to use some of the plastic to make bracelets, which they sell to fund their cause. They have been invited to different interviews on popular media outlets, including Voyagemia and CNBC, to mention a few. In one of the interviews, the company executives disclosed that the company had sold over $30 million in bracelets since they began the anti-pollution venture.
How is 4Ocean funded?
In a recent interview with CNBC, Cooper recalls how the company started generating revenue to pay the employees they have now and fund their ocean cleaning efforts. Cooper recalls visiting one of the surfing areas in Bali and meeting a few fishermen. After thrusting their nets in the water, the fishermen only managed to catch large chunks of plastic waste, which they threw back into the ocean. Cooper and Schulze already had the idea of making items from recycled materials, but they did not know the perfect thing to commercialize. It was after this interaction that the pair decided to make affordable bracelets from the plastic material they found in the ocean.
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Regarding the bracelet’s design, Cooper said ‘We knew that it didn’t need to be too much of a statement of your personality or your outfit very subtle and subliminal, but still a talking point. And, the bracelet just kind of evolved itself out of all that.’ The first bracelets were made up of cords made from recycled plastic and clear beads made from recycled glass. The original cord colors were sea blue, bright green or dark red, but the latest versions are more accommodative.
How much is a 4Ocean bracelet?
Every 4Ocean bracelet costs $20. Every bracelet purchased represents a pound of trash removed from the coastlines and the ocean in general. The more purchases you make, the more money raised to aid the removal of waste products from our oceans. The beads are also unisex and come with a 2 to 5-inch adjustable diameter. They are also waterproof and can be purchased using the 4Ocean monthly subscription plan.
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Using this subscription means you will receive 12 bracelets and help in pulling out at least 12 pounds of garbage from the ocean in a year. The bracelets can be purchased from any part of the globe and shipped to your location through a pre-order option on the 4Ocean website. The bracelets also come in different designs with the Whale Shark bracelet being the most common. This bracelet was designed in conjunction with the Guy Harvey Ocean Foundation.
Other than raising funds to aid in running the organization, the shark bracelets also assist in raising awareness regarding the threats faced by whale sharks in the ocean. They also cost $20, which helps contribute to the $25,000 donated by 4Ocean to the Guy Harvey Foundation. The donation aids in whale shark tagging as well as the migration program. Unlike the regular bracelets, whale shark bracelets are hand-assembled and made from stainless steel 4Ocean charm. However, they are also waterproof and unisex.
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4Ocean also has a 2-pound-pack bracelet called the Signature Blue Bracelet. Unlike its counterparts, this bracelet helps pull 2 pounds of plastic from the ocean. This option was released in July 2019, making it a relatively new option for 4Ocean followers. However, a single bracelet costs $40. Lastly, you can purchase the 4Ocean legacy bracelets for $20 and aid the ocean-cleaning efforts initiated by this organization. Every bracelet costs $20 with options ranging from a sea turtle, seabird, shark, whale, marine nursery, earth day, manatee, sustainable fishing, coral reef, and polar bear bracelets.
4Ocean founders net worth
There is no verified information regarding Andrew Cooper 4Ocean salary or Alex Schulze net worth currently. Perhaps over time, the young Forbes 30 under 30 entrepreneurs will make details of their salaries public. However, the company managed to remove well over a million pounds of plastic from the ocean thus far and is aiming to make it two million. Considering every bracelet is worth $20, it is safe to say the company has made over $20 million without deducting expenses.
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When asked in a recent interview why the company did not employ a non-profit motto like most in their field, Schulze said ‘When you look at a non-profit, or charity, we really didn’t want to go that route and ask for hand out, rather create a product and a business solution so this can be around long after we are gone.’ Most of the funds are used to run the company and pay workers and fishers who aid in collecting plastics. However, just like the 4Ocean CEO salary, little is known regarding how much the employees take home monthly or daily.
Since its launch, 4Ocean net worth continues to increase with most of the revenue coming from recycled bracelets which provide funds for pushing the clean-oceans agenda. The company might be the biggest in the industry at the moment, but there are other industry players in the field as well. Purchase a bracelet today and help remove a pound of plastic in our highly polluted oceans.
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Source: Tuko Newspaper
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