Alex Schulze Net Worth (2024)

FAQs

How much money has 4Ocean made? ›

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.

Although 4Ocean is a for-profit company, they are also a certified B Corporation, a private certification of social and environmental performance for for-profit companies.

This rumor about a 4ocean scandal resulted from a listing on Alibaba for counterfeit 4ocean bracelets selling as low as $0.50. However, Alibaba has never been a 4ocean manufacturing partner. The company has never sold items through this platform. These are fake products that take away from the 4ocean mission.

@alexjschulze, 4ocean Co Founder and CEO, shows us why it's important to not just reduce single use plastics, but retrieve it from the environment to reduce the damage that's done.

The Ocean Cleanup's team consists of 120 engineers, researchers, scientists, computational modelers, and supporting roles, working daily to rid the world's oceans of plastic.

They advise on giving strategies, certify donations, and amplify the impact of their network. As members of 1% for the Planet, 4ocean has pledged to give a minimum of 1% of our gross sales to nonprofit causes.

In summary, the wicked problem that the founders of 4Ocean set out to solve is ocean pollution, specifically the accumulation of plastic waste. They do this by selling bracelets made from recycled materials and using the proceeds to remove one pound of trash from the ocean and coastlines for each bracelet sold.

Every captain and crew member is a full-time 4ocean employee who gets paid a fair living wage. We also cover all health insurance costs as well as additional benefits and bonus incentives.

The plastic debris collected by our captains and crews is repurposed and made into beautiful bracelets by our artisans in Bali. In just seven years, 4ocean has removed 35 million pounds of trash from our oceans.

How much money has ocean Cleanup made? ›

A total of 2,154,282 USD was raised, making it “the most successful non-profit crowdfunding campaign in history” at the time, according to the crowdfunding platform ABN AMRO's SEEDS, who facilitated the campaign. We are eternally grateful to all of whom supported us worldwide.

The Ocean Cleanup raised over US$2 million with the help of a crowdfunding campaign in 2014. As of 2019, it was mainly funded by donations and in-kind sponsors, including Maersk, Salesforce.com chief executive Marc Benioff, Peter Thiel, Julius Baer Foundation, The Coca-Cola Company and Royal DSM.

In just seven years, 4ocean has removed 35 million pounds of trash from our oceans.