Lumio, Lighting Solutions, was started by Max Gunawan in 2012. As of September 2023, Lumio’s net worth is $5 Million and they’re pulling in a whopping $350,000 in annual revenue.
On January 16, 2015, they appeared on Season 6 of Shark Tank USA and made a deal with Robert Herjavec, for $350,000 for 10% equity. The final valuation was $3.5 Million, up from the founder’s initial estimate of $3.1 Million.
Lumio Net Worth
|Net worth||$5 Million (2023)|
|Annual Sales Revenue||$350,000 (2022)|
Lumio Net Worth Timeline
|Net Worth 2023||$5 Million|
|Net Worth 2022||$4 Million|
|Net Worth 2021||$3.5 Million|
|Net Worth 2020||$3 Million|
|Net worth valuation in 2015 after appearing on Shark Tank||$3.5 Million|
|Net worth valuation in 2015 before appearing on Shark Tank||$3.1 Million|
Lumio Pitch on Shark Tank
|Episode||Season 06 Episode 06|
|Asked for||$250,000 for 8% equity|
|Final deal||$350,000 for 10% equity|
|Location||Fullerton Ave, Chicago|
Don’t miss these products from Season 6
Lumio was founded by Max Gunawan in 2012. Max Gunawan became an entrepreneur by accident. He wants to make things beautiful and eye catching so thats why he wanted to start this company. Lumio’s founder, Max Gunawan, has a net worth of USD 5 Million as of 2023.
|2022||Lumio Lights won several awards for its innovative designs|
|2020||Lumio Lights company featured in shark tank|
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 Lumio and its continued success.