Torque Net Worth & Earnings

Updated April 1, 2024

Torque Safe is a revolutionary safety device that gained recognition after being featured on Shark Tank Australia in June 2016. The brains behind this innovative product are Luke and Vanessa Gosden, a husband and wife duo with a passion for creating safer working environments.

Luke Gosden, the founder of Torque Safe, has a background in mining, boasting over 10 years of experience in the industry. During his time in the mines, Luke witnessed numerous accidents caused by hydraulic power tools, including a devastating incident where his colleague crushed his hand with a hydraulic crusher. Determined to find a solution to make these tools safer, Luke came up with the idea for Torque Safe.

One of the main causes of accidents with hydraulic power tools is miscommunication between the person controlling the hydraulic power and the operator of the tool. To address this issue, Luke's invention gives the person handling the tool full control, ensuring ultimate safety. Torque Safe's official website proudly states that their product provides "ultimate control of tool actuation in the hands of the person handling the tool."

When Luke and Vanessa appeared on Australian Shark Tank, they valued their company at $2 million and sought a $300,000 investment in exchange for 15% equity. Luke's compelling pitch, which included a demonstration of the tool's dangers using a tomato, caught the attention of the Sharks. Impressed by the safety potential and positive sales margins, three male Sharks lined up to strike a deal.

The Gosden duo walked out of the tank with a $500,000 investment, giving the Sharks 50% equity in the business, split between Baxter, Richards, and Banks. With this significant investment, Torque Safe began to thrive, expanding its reach from Australia to North America.

In 2020, Torque Safe's worth was estimated to be anywhere from $15 million to $25 million. This success story showcases the impact of innovative thinking and a commitment to safety in the entrepreneurial world.

Torque is one of the most-viewed creators on YouTube, boasting 292 thousand subscribers. It was founded in 2017 and is located in Colombia.

So, you may be asking: What is Torque's net worth? And how much does Torque earn? Using the advertising data on Torque's channel, we can forecast Torque's earnings or net worth.

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Torque net worth
Torque earnings

What is Torque's net worth?

Torque has an estimated net worth of about $117.91 thousand.

Torque's acutualized net worth is still being verified, but our website Net Worth Spot estimates it to be at roughly $117.91 thousand.

The $117.91 thousand prediction is only based on YouTube advertising revenue. Meaning, Torque's net worth may truly be more. When we consider many revenue sources, Torque's net worth could be as high as $165.07 thousand.

Aside from their successful YouTube channel, Torque Safe, founded by Luke and Vanessa Gosden, has diversified their revenue streams through various avenues. Let's take a closer look at the additional sources of income that have contributed to their thriving business.

Product Line Expansion

Building on the success of their revolutionary safety device, Torque Safe has expanded their product line to cater to a wider range of industries and applications. Recognizing the need for enhanced safety measures in various work environments, Luke and Vanessa have developed innovative solutions to address specific challenges.

By continuously refining their products and incorporating customer feedback, Torque Safe has solidified their position as a trusted provider of safety tools. Their commitment to improving workplace safety has resonated with customers, resulting in a steady stream of sales and revenue.

Merchandise

Capitalizing on their growing popularity and brand recognition, Torque Safe has ventured into the world of merchandise. Fans and supporters can now proudly display their allegiance to the brand through a range of Torque Safe-branded apparel and accessories.

From stylish t-shirts and hats to practical items like keychains and phone cases, Torque Safe's merchandise allows fans to showcase their support while also spreading awareness about the importance of workplace safety. This additional revenue stream not only generates income but also serves as a marketing tool, further expanding the reach of the Torque Safe brand.

Brand Sponsorships

As Torque Safe's reputation continues to grow, so does their appeal to potential brand sponsors. Recognizing the value of partnering with a successful and safety-focused brand, companies have eagerly sought collaborations with Torque Safe.

Through strategic brand sponsorships, Torque Safe has been able to secure additional funding and resources to further fuel their growth. These partnerships not only provide financial support but also open doors to new opportunities and markets.

By aligning themselves with like-minded companies that share their commitment to safety and innovation, Torque Safe has been able to leverage these partnerships to expand their reach and solidify their position as industry leaders.

Torque Safe's additional revenue sources beyond YouTube include product line expansion, merchandise sales, and brand sponsorships. Through these avenues, Luke and Vanessa Gosden have successfully diversified their income streams while staying true to their mission of improving workplace safety. Their dedication to innovation and their unwavering commitment to their customers have propelled Torque Safe to new heights, both in Australia and North America.

How much does Torque earn?

Torque earns an estimated $29.48 thousand a year.

Torque fans often ask the same question: How much does Torque earn?

The YouTube channel Torque attracts more than 491.27 thousand views each month.

YouTube channels that are monetized earn revenue by serving. On average, YouTube channels earn between $3 to $7 for every one thousand video views. If Torque is within this range, Net Worth Spot estimates that Torque earns $1.97 thousand a month, totalling $29.48 thousand a year.

$29.48 thousand a year may be a low estimate though. Optimistically, Torque may earn up to $53.06 thousand a year.

YouTubers rarely have one source of income too. Additional revenue sources like sponsorships, affiliate commissions, product sales and speaking gigs may generate much more revenue than ads.