Ampan, a product made from agricultural waste for building construction, was started by Grant Burns & John Gorman in 1994. As of January 2024, Ampan net worth is $1.5 million and they’re pulling in a whopping $1 million in annual revenue.
In 2015, they appeared on season 1 of Shark Tank Australia seeking $500,000 for 20% of equity valuing the company at $2.5 million. But the Sharks were not interested in investing in Ampan. The founders’ valuation for Ampan likely exceeded the sharks’ assessment of its current market potential and future trajectory. This discrepancy in valuation hindered any potential deals.
Ampan is still in business as of 2023. Their website remains active, showcasing their recycled building products. Company registration information in Australia lists Ampan Pty Ltd as an active entity as of 2023
Ampan Net Worth
| Net worth | $1.5 million (2023) |
| Annual Sales Revenue | $1 million (2023) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | None |
| Founder | Grant Burns & John Gorman |
| Employees | Not publicly available |
Ampan Net Worth Timeline
| Net Worth 2024 | $1.5 million |
| Net Worth 2022 | $1.5 million |
| Net worth valuation 2015 after appearing on Shark Tank | N/E |
| Net worth valuation 2015 before appearing on Shark Tank | $2.5 million |
Ampan Pitch on Shark Tank
| Product | A product made from agricultural waste for building construction |
| Episode | Season 01 Episode 11 |
| Founders | Grant Burns & John Gorman |
| Asked for | $500,000 for 20% equity |
| Company name | Ampan |
| Final deal | None |
| Shark | None |
| Location | New South Wales, Australia |
Don’t miss these product from Season 1
Ampan Founders
Ampan was founded by Grant Burns & John Gorman in 1994. Ampan’s founders, Grant Burns & John Gorman, have a net worth of $1.5 million as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2015 | Appeared on Shark Tank season 01 |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Ampan and its continued success.
