Simple Sugars Net Worth 2023 Update (Before & After Shark Tank)

Simple-Sugars-Shark-Tank-US-Net-worth-Update

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)
ProfitsNot publicly available
Lifetime salesNot publicly available
InvestorMark Cuban
FounderLani Lazzari
EmployeesNot 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 nameSimple Sugars
ProductSugar and almond oil exfoliating scrub and moisturizer
EpisodeSeason 04 Episode 21
FounderLani Lazzari
Asked for$100,000 for 10% Equity
Final deal$100,000 for 33% Equity
Shark Mark Cuban
LocationPittsburgh, 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

YearAccomplishment
2013Appeared on Shark Tank season 04 and Mark Cuban invested $100,000 for 33% Equity
2014Simple Sugars is named one of the “100 Most Creative People in Business” by Fast Company.
2016Simple 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.

Related Articles