Shark-Tank-US-Net-worth-UpdateLumio

Max Gunawan created Lumio, a foldable book-shaped lamp, and pitched it on Shark Tank in 2015, securing a $350,000 deal from Robert Herjavec. Since then, Lumio has grown significantly, raising over $500,000 through Kickstarter.

As of 2024, Lumio’s net worth is estimated at $5 million. The company has expanded its product line, including new lighting designs, and maintains steady sales globally.

While there has been no major acquisition, Lumio remains privately owned and continues to thrive, thanks to its innovative design and strong customer base. The business enjoys success both online and in select retail outlets worldwide.

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Lumio Net Worth

Net worth$5 million (2024)
Annual Sales Revenue$350,000 (2022)
Lifetime salesNot available
InvestorRobert Herjavec
FounderMax Gunawan
Employees27

Lumio Pitch on Shark Tank

Company nameLumio
ProductLighting solutions
EpisodeSeason 06 Episode 06
FounderMax Gunawan
Asked for$250,000 for 8% equity
Final deal$350,000 for 10% equity
SharkRobert Herjavec
LocationFullerton Ave, Chicago

Lumio Founder

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 that’s why he wanted to start this company. Lumio’s founder, Max Gunawan, has an approximate net worth of USD 5 million as of 2024.

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Key Accomplishments

YearAccomplishment
2022Lumio Lights won several awards for its innovative designs.
2020Lumio Lights company featured in 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 Lumio and its continued success.

ABOUT KESARA BANDARAGODA
Kesara Bandaragoda is a Sri Lankan-born media entrepreneur currently based in Dubai, with a lifelong passion for storytelling, innovation, and all things screen-worthy. Whether it's a mind-bending sci-fi epic or the latest startup pitch on Shark Tank, Kesara is all in. In fact, he was one of the earliest content creators to cover Shark Tank Australia online and has been tracking its businesses, products, and founders since 2019 — long before it was cool.

Kesara is the visionary CEO behind BrandFactory, a digital media company powering multiple content platforms that reach millions. When he’s not leading a team of creatives, he’s often geeking out over Marvel and DC universes, decoding Spielberg's directorial magic, or revisiting classics like The Shawshank Redemption, Interstellar, and Pirates of the Caribbean (yes, he's a Johnny Depp loyalist).

INDUSTRY FOCUS
Kesara’s writing and content leadership often focus on the intersection of entrepreneurship, entertainment, and emerging digital cultures. He’s particularly passionate about telling stories that celebrate founders, dissect business blueprints from media narratives, and spark curiosity in audiences across the globe.

FAVORITE MEDIA
A sci-fi enthusiast with a taste for high-stakes storytelling, Kesara’s favorite titles range from cerebral time-space odysseys to charismatic pirate adventures. He thrives in content that mixes real-world business insight with the spectacle of entertainment — think Shark Tank meets Black Mirror, with a touch of Marvel heroics.

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