K-Lite, reflex reflectors and vehicle lamps business, was started by Kerry Staite in 1977. As of January 2024, K-Lite net worth is $800,000 and they’re pulling in a whopping $250 million in annual revenue.
In 2015 they appeared on season 1 of Shark Tank Australia seeking $50,000 for 25% of equity valuing the company at $200,000. But the Sharks were not interested in investing in K-Lite. Because of their higher valuation.
K-Lite is still in business as of 2023. K-Lite’s website is still active and appears up-to-date, showcasing their product line and contact information. Online news articles mention K-Lite’s participation in events and collaborations throughout 2023, indicating continued operation
K-Lite Net Worth
| Net worth | $800,000 (2023) |
| Annual Sales Revenue | $250 million (2023) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | None |
| Founder | Kerry Staite |
| Employees | Not publicly available |
K-Lite Net Worth Timeline
| Net Worth 2024 | $800,000 |
| Net Worth 2022 | $800,000 |
| Net worth valuation 2016 after appearing on Shark Tank | N/E |
| Net worth valuation 2016 before appearing on Shark Tank | $200,000 |
K-Lite Pitch on Shark Tank
| Product | reflex reflectors and vehicle lamps business |
| Episode | Season 01 Episode 06 |
| Founder | Kerry Staite |
| Asked for | $50,000 for 25% Equity |
| Company name | K-Lite |
| Final deal | None |
| Shark | None |
| Location | Melbourne, Victoria |
Don’t miss these product from Season 01
K-Lite Founder
K-Lite was founded by Kerry Staite in 1977. K-Lite’s founder, Kerry Staite, has a net worth of $800,000 as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2016 | 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 K-Lite and its continued success.
