Sharon Yu introduced Magic Cook, a portable cooker requiring no electricity or fire, on Shark Tank in 2014. She secured a $100,000 investment from Daymond John for a 33% stake.
By 2021, the company achieved annual revenues of approximately $3 million. However, recent reports indicate a decline, with products now primarily available through the company’s website and Amazon.
As of 2024, Magic Cook’s valuation was estimated at $1 million. The company has not been acquired and has not engaged in crowdfunding efforts.
Magic Cook Net Worth
| Estimated Net worth | $1 million (2024) |
| Annual Sales Revenue | $3 million (2021) |
| Lifetime sales | Not available |
| Investor | Daymond John |
| Founder | Sharon Yu |
| Employees | 1-20 employees |
Magic Cook Pitch on Shark Tank
| Company name | Magic Cook |
| Product | Portable cooking containers and bottles |
| Episode | Season 06 Episode 10 |
| Founder | Sharon Yu |
| Asked for | $100,000 for 20% Equity |
| Final deal | $100,000 for 33% Equity |
| Shark | Daymond John |
| Location | Chino, California |
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Magic Cook Founder
Sharon Yu founded Magic Cook in 2014. Sharon Yu, the founder of Magic Cook, has worked in the promotional products industry for more than ten years. She became an entrepreneur in 1999 when she started her first business and found success. Magic Cook’s founder, Sharon Yu, has a net worth of 667K USD as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2014 | The company appeared on Shark Tank Season 06 and got the deal from Daymond John. |
| 2021 | As of August, 2021, the company made $3 million in annual revenue. |
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 Magic Cook and its continued success.