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My Cube Net Worth 2024 Update (Before & After Shark Tank)

My Cube, a shared retail store with cubes that are mini shop fronts for micro-retailers charging out each cube space for $5 per day. This was started by Stanley Hsu & Lestari Vickers in 2012. As of January 2024, My Cube net worth is $13 million. And they’re pulling in a whopping $400,000 in annual revenue. 

In May 2018, they appeared on season 4 of Shark Tank Australia. And made a deal with Steve Baxter, for $200,000 for 12.5% of equity. The final valuation was $1.6 million, down from the founder’s initial estimate of $4 million.

My Cube is still in business as of 2023. MyCube is a brand of designer home safes that are made of reinforced steel and have a 4-code digital keypad. Visit their official website for more details. 

My Cube Net Worth

Net worth$13 million (2023)
Annual Sales Revenue$400,000 (2023)
ProfitsNot publicly available
Lifetime salesNot publicly available
InvestorSteve Baxter
FounderStanley Hsu & Lestari Vickers
EmployeesNot publicly available

My Cube Net Worth Timeline

Net Worth 2024$13 million
Net Worth 2023$13 million
Net worth valuation 2018 after appearing on Shark Tank  $1.6 million
Net worth valuation 2018 before appearing on Shark Tank  $4 million

My Cube Pitch on Shark Tank

ProductA shared retail store with cubes that are mini shop fronts for micro-retailers charging out each cube space for $5 per day
EpisodeSeason 04 Episode 02
Founders Stanley Hsu & Lestari Vickers
Asked for$200,000  for 5% equity
Company nameMy Cube
Final deal$200,000 for 12.5% equity
Shark Steve Baxter
LocationBrisbane, Queensland

Don’t miss these product from Season 4

My Cube Founders

Stanley Hsu & Lestari Vickers found My Cube in 2012. My Cube’s founders, Stanley Hsu & Lestari Vickers, have a net worth of $1 billion as of 2024.

Key accomplishments

YearAccomplishment
2018Appeared on Shark Tank season 04 and Steve Baxter invested $200,000 for 12.5% equity

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 My Cube and its continued success.

What do you think?

Written by GAG Team

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