“KaZam” got featured on Shark Tank America in May 2013. It has a net worth of around 5 Million USD as of 2023. Since appearing on Shark Tank, KaZam has experienced tremendous growth and success. They have secured additional funding and partnerships, leading to an estimated net worth of 5 Million USD.
Shark Tank is a popular TV show where aspiring entrepreneurs pitch their business ideas to a panel of successful investors, known as “sharks.”
| KaZam’s Net worth before appearing on Shark Tank | 1.5 Million USD (business valuation) |
| KaZam’s Current Net worth (2023) | 5 Million USD |
| Episode | Season 04 Episode 24 |
| Company name | KaZam |
| Product | Balance bike for kids to work up to two-wheeled bicycles |
| Founder | Mary Beth Lugo |
| Asked for | $300,000 for 20% Equity |
| Final deal | $300,000 for 32% Equity |
| Shark | Barbara Corcoran and Mark Cuban |
| Business status | In Business |
| Location | Fairfield, New Jersey |
KaZam’s founder, Mary Beth Lugo, has a net worth of 3.2 Million USD as of 2023.
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 KaZam and its continued success.