Life Lift Systems Net Worth 2023 Update (Before & After Shark Tank)

Life-Lift-Systems-Shark-Tank-US-Net-worth-Update

Life Lift Systems, tornado shelters, was started by Levi Wilson and Tim Todd in 2018. As of November 2023, Life Lift Systems net worth is $15 million and they’re pulling in a whopping $5.6 million in annual revenue. 

In January 2019, they appeared on season 10 of Shark Tank USA. And made a deal with Mark Cuban, for  $550,000 for 25%  of equity. The final valuation was $2.2 million, down from the founder’s initial estimate of $3.66 million.

As of November 2023, it is unclear whether Life Lift Systems is still in business. Obviously, this may have gone out of the business. The company’s website and social media channels appear to be inactive, and there have been no recent news articles or press releases about the company.

Life Lift Systems Net Worth

Net worth$15 million (2023)
Annual Sales Revenue$5.6 million (2023)
ProfitsNot publicly available
Lifetime salesNot publicly available
InvestorMark Cuban
FoundersLevi Wilson and Tim Todd
EmployeesNot publicly available

Life Lift Systems Net Worth Timeline

Net Worth 2023$15 million 
Net Worth 2022$15 million 
Net worth valuation 2019 after appearing on Shark Tank  $2.2 million
Net worth valuation 2019 before appearing on Shark Tank  $3.66 million

Life Lift Systems Pitch on Shark Tank

Company nameLife Lift Systems
ProductTornado Shelters
EpisodeSeason 10 Episode 13
Founders Levi Wilson and Tim Todd
Asked for$550,000 for 15% equity
Final deal$550,000 for 25% equity
Shark Mark Cuban
LocationOklahoma City

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Life Lift Systems Founders

Life Lift Systems was founded by Levi Wilson and Tim Todd in 2019. He has a background in engineering and product development, and he has founded several successful companies. Tim Todd is an experienced marketing and sales professional with a deep understanding of the customer journey. Life Lift Systems’s founders, Levi Wilson and Tim Todd, have a net worth of $11.25 million as of 2023.

Key accomplishments

YearAccomplishment
2019Appeared on Shark Tank season 10 and Mark Cuban invested $550,000 for 25% equity
2020Life Lift Systems helps to save the lives of over 100 people during a major tornado outbreak.
2021Life Lift Systems is named one of the “Fastest Growing Companies” by Inc. magazine.

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 Life Lift Systems and its continued success.