Always comfortable in the kitchen, where his mother and grandmother had taught him to cook and bake in his teens, Amos considered baking cookies professionally. By 1974, Amos tired of show business and turned to his love of baking. When the new agency experienced problems Amos moved his company to LosĪngeles, California. Wally Amos had been a successful talent agent with the William Morris Agency in New York City when he decided to start his own talent management firm in 1967. In 2000, Wally Amos was back promoting his namesake treats, and the Famous Amos company was selling more than $100 million in cookies each year. Keebler Foods eventually brought Famous Amos stability and a return to its roots by 1999. The company was then bought and sold numerous times, and suffered through too many owners and not enough direction. Amos made millions, yet he was not prepared for the financial pressures and ended up selling his business in 1985. In 1975, Wally Amos, a talent agent turned baker, introduced Americans to "gourmet" cookies, with a rich chewy taste not found in packaged cookies stocked on grocery store shelves. Order Cookie Kahuna cookies online (only $5.The story of the Famous Amos Chocolate Chip Cookie Company is a bit complicated and not always sweet. Watch Cookie Kahuna on Shark Tank Episode 804 next Friday night,, and see if the Famous Wally Amos strikes the biggest cookie deal ever with the Sharks and 10 million viewers watching the Show. Wally’s also a motivational speaker in high demand and author to Ten Inspirational Books helping to add to the bottom line. Several sites peg Wally Amos net worth around $15 – $20 million. So how much is Famous Amos net worth before launching another famous cookie company on the Shark Tank in Episode 804? We already know Wally will make Shark Tank History for becoming the oldest entrepreneur to start a new business on the Show, but his net worth might also make him one of the wealthiest contestants. In 1999, Wally changed the name to Uncle Wally’s Muffin Company. So Amos started “Uncle Noname Gourmet Muffins” and took advantage of being sued by the company he founded. The new owners of Famous Amos quickly sued him for using his name in a similar business. Currently, the Kellogg Company owns all the rights to Wally’s former business and probably won’t be selling anytime soon.īefore starting Cookie Kahuna, Wally also started the “Wally Amos Presents Chip & Cookie” in 1991. Since that time, the Company’s changed hands at least four different times. The Shansby Group bought Famous Amos Brand for only $3 million after the company reported a $2.5 million loss for the year. So why is the man behind the most famous cookie company ever, going on the Shark Tank 35 years later selling a new brand called Cookie Kahuna? Well, for those that don’t know, Wally also became Famous for losing his company to investors in 1988. In 1982, Wally’s entire business had revenues totaling over $12 million for the year. Everything (especially from the early investors views) was going “Great” as Famous Amos Brand started growing at a phenomenal rate. Wally claims he only planned on opening one cookie store, but this soon-to-be Famous Shark Tank Star sold over $1,000,000.00 in chocolate chip cookies in the second year and needed to expand, fast. When it came to promoting his product, there was no one better than Famous Amos becoming a household name at the time. Wally Amos first started the very first Chocolate Chip Cookie Store “Famous Amos” in 1975 with a $25,000.00 loan. Wally, now 80 years old, is also the oldest entrepreneur ever seen on the Shark Tank representing his latest cookie company, “Cookie Kahuna” from Waikiki, Hawaii. Amos, before he was famous, has one of the most interesting and inspiring entrepreneurial stories ever seen on the Shark Tank Show. The Cookie Kahuna is coming to the Shark Tank in Episode 804 with the most famous chocolate chip cookie maker in the world, Mr. Famous Wally Amos New Cookie Company – Episode 804 – October 7, 2016
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