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Luna Magic Net Worth 2023 Update (Before & After Shark Tank)

Luna Magic, Makeup for Latino women, was started by Shaira and Mabel Frias in 2019. As of August 2023, Luna Magic net worth is $1.5 Million and they’re pulling in a whopping $1.7 Million in annual revenue. 

In January 2021, they appeared on Season 12 of Shark Tank USA and made a deal with Barbara Corcoran, for  $250,000 as a line of credit for 30% equity. The final valuation was $833K, down from the founder’s initial estimate of $2 Million.

In August 2023, Luna Magic is still in business. You can purchase their products on their company websites and other e – commerce channels.

Luna Magic Net Worth

Net worth$1.5 Million
Annual Sales Revenue$1.7 Million
ProfitsNot available
Lifetime SalesNot available
Shark Tank InvestorBarbara Corcoran
FoundersShaira and Mabel Frias 
EmployeesOver 25 

Luna Magic Net Worth Timeline

Net Worth 2023$1.5 Million
Net Worth 2022$1 Million
Net worth valuation 2021 after appearing on Shark Tank  $833K
Net worth valuation 2021 before appearing on Shark Tank  $2 Million

Luna Magic Pitch on Shark Tank

Company nameLuna Magic
ProductMakeup for Latino women
EpisodeSeason 12 Episode 10
Founders Shaira and Mabel Frias 
Asked for$200,000 for 10% equity
Final deal$250,000 as a line of credit for 30% equity
SharkBarbara Corcoran
LocationLos Angeles, United State.

Luna Magic Founders

Luna Magic was founded by Shaira and Mabel Frias in 2019. When Shaira and Mabel Frias found makeup brands it was difficult to find makeup brands. Because they didn’t matched for their Latina skin tones. Then they decided to create their own beauty line that focuses on their Latina culture. Luna Magic’s founders, Shaira and Mabel Frias, have a net worth of $1.5 Million USD as of 2023.

Key accomplishments:

YearAccomplishment
2020Received Glossier Grant, Awards, as a billion-dollar Make sub-company, specifically as Black and Beauty Companies.
2021Appeared on Shark Tank season 12 episode 10

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 Luna Magic and its continued success.

What do you think?

Written by GAG Team

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