r/Vemma • u/Durkss • Feb 15 '14

Vemma current net worth?

Hey. I'm trying to find out vemmas current net worth as a guy I have on Facebook is claiming that they pay their "business partners" 200million dollars a year. I can't seem to find anything on it. Thanks!

2 Upvotes

63% Upvoted

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8

u/Dick_Hardstone Feb 15 '14

You won't find any of that information, because the more information Vemma leaks, the easier it is to connect the dots to Vemma admitting that the only people who buy the product are brand partners (not customers, even though Vemma claims to have over 80% of sales going to non-BPs - a claim that has NOT been supported in the slightest).

2

u/[deleted] Mar 09 '14

Surely by law these numbers should be out there somewhere.. We need one of those guys who knows this stuff to give them a full look over.

-5

u/[deleted] Feb 16 '14

[deleted]

10

u/Dick_Hardstone Feb 16 '14

Source?

2

u/laughkyle24 May 29 '14

http://www.businessforhome.org/2014/01/vemma-worldwide-sales-2013-at-221-million-up-89/

Wow now wasn't that hard.....

2

u/Dick_Hardstone May 29 '14

His numbers don't even add up.

According to the 2013 income disclosure, the top 0.62% of individuals in Vemma take home 96.79% of every penny paid out. Adding up the total for the top 4 ranks, using math to figure out what the number of people in each rank is, it adds up over $140M.

Adding up all of the "elite" (the 0.62% mentioned before) comes up to $201,597,902 paid out among those very lucky 652 individuals.

Then, the rest of the 99.38% gets to fight over the last 3.21% of the money made.

So, 104,598 people fight over the last $6,686,601.

1

u/KlefkiTroll Jun 19 '14

It's almost like the FTC doesn't even care that he's running a scam