Lumio Net Worth 2023 Update (Before & After Shark Tank)

Shark-Tank-US-Net-worth-UpdateLumio

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 Lights company is still in business. Their products are available on the official website and Amazon.

Lumio Net Worth

Net worth$5 Million (2023)
Annual Sales Revenue$350,000 (2022)
Profits
Lifetime sales
InvestorRobert Herjavec
FounderMax Gunawan
Employees27

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

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

Don’t miss these products from Season 6

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 thats why he wanted to start this company. Lumio’s founder, Max Gunawan, has a net worth of USD 5 Million as of 2023.

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.