Suitor Net Worth 2024 Update (Before & After Shark Tank)

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GAG Team
Suitor Net Worth Update (Before & After Shark Tank)

Suitor’s net worth was $1.6 million in 2023, based on the Shark Tank deal. Suitor, Australia’s first online suit rental company, was started by Daniel Reid and Luke Kyriazis in 2017.

In 2023, they appeared on Season 5 of Shark Tank Australia and made a deal with Davie Fogarty, $250,000 for 15% equity.

Following its appearance on Shark Tank, the company keeps thriving in the market as a leading suit hire and rental destination in Australia. Currently, they offer suits, tuxedos as well as shirts, ties, and other accessories for rental. The company also provides the chance for you to customize your suits to your preference. To place orders and learn how this works, head to the company website.

Suitor Net Worth

Net worth$1.6 million (2023)
Annual Sales Revenue$1 million (2022)
ProfitsNot available 
Lifetime salesNot available 
InvestorDavie Fogarty
Investment$250,000 for 15% equity
FoundersDaniel Reid and Luke Kyriazis
Employees<10

Suitor Net Worth Timeline

Net Worth 2024Not available 
Net worth valuation in 2023 after appearing on Shark Tank  $1.6 million 
Net worth valuation in 2023 before appearing on Shark Tank  $2.5 million 

Suitor Pitch on Shark Tank

ProductAustralia’s first online suit rental company
EpisodeSeason 05 Episode 08
FounderDaniel Reid and Luke Kyriazis
Asked for$250,000 for 10% equity
Company nameSuitor
Final deal$250,000 for 15% equity
Shark Davie Fogarty
LocationSydney 

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Suitor Founders

Daniel Reid and Luke Kyriazis founded Suitor in 2018. Daniel completed both his bachelor’s and master’s degrees at the University of Sydney. He has an academic background in Business and previous work experience in project coordination. Daniel’s friend and business partner Luke is a graduate of the University of Technology Sydney. Suitor’s founders Daniel Reid and Luke Kyriazis’ net worth is unknown as of 2024. However, based on the deal, they should have a net worth of $1.4 million. 

Key accomplishments

YearAccomplishment
2022Style & Apparel Award Winner for 2022.
2023The company was featured on Shark Tank Australia and secured a deal. 

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 Suitor and its continued success.