Magic Cook, A company that manufactures portable cooking sets, was started by Sharon Yu in 2014. Magic Cook’s net worth was $300K in 2014 based on the Shark Tank deal.
In November 2014 they appeared on Season 06 of Shark Tank USA and made a deal with Daymond John, $100,000 for 33% equity.
As of 2023 November, the company is still in business. You can purchase products on e-commerce channels such as their website and Amazon.
Magic Cook Net Worth
|Net worth||$300K (When appeared on Shark Tank)|
$1 million (As of 2022)
|Annual Sales Revenue||$3 million (As of 2021)|
Magic Cook Net Worth Timeline
|Net Worth 2023||Not Disclosed|
|Net worth valuation 2014 after appearing on Shark Tank||$303K|
|Net worth valuation 2014 before appearing on Shark Tank||$500K|
Magic Cook Pitch on Shark Tank
|Company name||Magic Cook|
|Product||Portable cooking containers and bottles|
|Episode||Season 06 Episode 10|
|Asked for||$100,000 for 20% Equity|
|Final deal||$100,000 for 33% Equity|
Don’t miss these product from Season 06
Magic Cook Founder
Magic Cook was founded by Sharon Yu 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 2023.
|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|
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.