Suitor Net Worth 2024 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) |
| Profits | Not available |
| Lifetime sales | Not available |
| Investor | Davie Fogarty |
| Investment | $250,000 for 15% equity |
| Founders | Daniel Reid and Luke Kyriazis |
| Employees | <10 |
Suitor Net Worth Timeline
| Net Worth 2024 | Not 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
| Product | Australia’s first online suit rental company |
| Episode | Season 05 Episode 08 |
| Founder | Daniel Reid and Luke Kyriazis |
| Asked for | $250,000 for 10% equity |
| Company name | Suitor |
| Final deal | $250,000 for 15% equity |
| Shark | Davie Fogarty |
| Location | Sydney |
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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
| Year | Accomplishment |
| 2022 | Style & Apparel Award Winner for 2022. |
| 2023 | The 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.
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