Simple Sugars, a sugar and almond oil exfoliating scrub and moisturizer, was started by Lani Lazzari in 2005. As of October 2023, Simple Sugars net worth is $10 million. And they’re pulling in a whopping $6 million in annual revenue.
In March 2013, they appeared on season 4 of Shark Tank USA. And made a deal with Mark Cuban, for $100,000 for 33% of equity. The final valuation was $303,030, down from the founder’s initial estimate of $1 million.
Simple Sugars is still in business while generating millions of revenue. To know in detail about their business and products do visit their official website.
See also: Similar products on Amazon.
Simple Sugars Net Worth
| Net worth | $10 million (2023) |
| Annual Sales Revenue | $6 million (2023) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | Mark Cuban |
| Founder | Lani Lazzari |
| Employees | Not publicly available |
Simple Sugars Net Worth Timeline
| Net Worth 2023 | $10 million |
| Net Worth 2022 | $10 million |
| Net worth valuation 2013 after appearing on Shark Tank | $303,030 |
| Net worth valuation 2013 before appearing on Shark Tank | $1 million |
Simple Sugars Pitch on Shark Tank
| Company name | Simple Sugars |
| Product | Sugar and almond oil exfoliating scrub and moisturizer |
| Episode | Season 04 Episode 21 |
| Founder | Lani Lazzari |
| Asked for | $100,000 for 10% Equity |
| Final deal | $100,000 for 33% Equity |
| Shark | Mark Cuban |
| Location | Pittsburgh, Pennsylvania |
Don’t miss these product from Season 04
Simple Sugars Founder
Lani Lazzari found Simple Sugars in 2005. Lazzari was inspired to create Simple Sugars after struggling with eczema herself. She wanted to develop natural skincare products that would be safe and effective for sensitive skin. Simple Sugars’s founder, Lani Lazzari, has a net worth of $6 million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2013 | Appeared on Shark Tank season 04 and Mark Cuban invested $100,000 for 33% Equity |
| 2014 | Simple Sugars is named one of the “100 Most Creative People in Business” by Fast Company. |
| 2016 | Simple Sugars expands its product line to include cosmetics. |
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 Simple Sugars and its continued success.
