iKiFit Net Worth 2024 Update (Before & After Shark Tank)

iKiFit is a  learning program that engages children through music and movement. This was started by Kim Macrae in 2003. As of January 2024, iKiFit’s net worth is close to $500,000. By the time of the pitch, they were pulling in a whopping $50,000 in annual revenue. 

In June 2017, they appeared on season 5 of Shark Tank Australia, seeking $250,000 for 10% of equity, valuing the company at $2.5 million. But, the Sharks were not interested in investing in iKiFit.

Although Kim was ambitious about iKiFit, sharks had concerns regarding the financial figures of the business. For that matter, iKiFit had to leave the show without a deal. However, Kim managed to continue his business. As of January 2024, iKiFit is still active in business as iKiMagic. You can get their services through the company website.

iKiFit Net Worth

Net worth$500,000 (2024)
Annual Sales Revenue$50,000 (2016)
Profits
Lifetime sales
Investor
FounderKim Macrae
Employees<10

iKiFit Net Worth Timeline

Net Worth 2024$500,000
Net worth valuation in 2017 before appearing on Shark Tank  $2.5 million (business valuation)

iKiFit Pitch on Shark Tank

ProductA learning program that engages children through music and movement
EpisodeSeason 03 Episode 05
FounderKim Macrae
Asked for$250,000 for 10% equity
Company nameiKiFit
Final dealNo deal
SharkNo shark 
LocationDubbo, New South Wales

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iKiFit Founder

Kim Macrae founded iKiFit in 2003. Kim is a graduate of the University of New England. Before starting iKiFit, Kim worked as a high school English teacher. iKiFit’s founder Kim Macrae’s net worth is unknown as of 2024.

Key accomplishments

YearAccomplishment
2017iKiFit was featured on Shark Tank.

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 iKiFit and its continued success.

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