Max Gunawan created Lumio, a foldable book-shaped lamp, and pitched it on Shark Tank in 2015, securing a $350,000 deal from Robert Herjavec. Since then, Lumio has grown significantly, raising over $500,000 through Kickstarter.
As of 2024, Lumio’s net worth is estimated at $5 million. The company has expanded its product line, including new lighting designs, and maintains steady sales globally.
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While there has been no major acquisition, Lumio remains privately owned and continues to thrive, thanks to its innovative design and strong customer base. The business enjoys success both online and in select retail outlets worldwide.
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Lumio Net Worth
| Net worth | $5 million (2024) |
| Annual Sales Revenue | $350,000 (2022) |
| Lifetime sales | Not available |
| Investor | Robert Herjavec |
| Founder | Max Gunawan |
| Employees | 27 |
Lumio Pitch on Shark Tank
| Company name | Lumio |
| Product | Lighting solutions |
| Episode | Season 06 Episode 06 |
| Founder | Max Gunawan |
| Asked for | $250,000 for 8% equity |
| Final deal | $350,000 for 10% equity |
| Shark | Robert Herjavec |
| Location | Fullerton Ave, Chicago |
Lumio Founder
Lumio was founded by Max Gunawan in 2012. Max Gunawan became an entrepreneur by accident. He wants to make things beautiful and eye-catching so that’s why he wanted to start this company. Lumio’s founder, Max Gunawan, has an approximate net worth of USD 5 million as of 2024.
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Key Accomplishments
| Year | Accomplishment |
| 2022 | Lumio Lights won several awards for its innovative designs. |
| 2020 | Lumio Lights company featured in shark tank. |
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 Lumio and its continued success.