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 |
| Profits | Not available |
| Lifetime Sales | Not available |
| Shark Tank Investor | Barbara Corcoran |
| Founders | Shaira and Mabel Frias |
| Employees | Over 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 name | Luna Magic |
| Product | Makeup for Latino women |
| Episode | Season 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 |
| Shark | Barbara Corcoran |
| Location | Los 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:
| Year | Accomplishment |
| 2020 | Received Glossier Grant, Awards, as a billion-dollar Make sub-company, specifically as Black and Beauty Companies. |
| 2021 | Appeared 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.