Young Lani Lazzari had the dream to make skin products for people who suffer from the reactivity of products due to sensitive skin. The young girl did not take her dream for granted and started a business on homemade skincare products for sensitive skin at the age of 11.
The products were mainly scrubs for the whole body (face, body, and feet). The purpose of it was to clean the body, exfoliate germs from within and give the skin a glossy look. The support of Lani’s mother proved to be beneficial as she headed the business ends of the products and promoted the line of skin care commodities to relatives and friends.
After that, Lani Lazzari took a noteworthy step to make natural products without chemical ingredients. She has suffered from eczema her entire life, and therefore, for her and everyone going through what she did, she thought of changing the world, and yes, she did it with flying colors.
She developed a scrub that was made with natural ingredients like sugar, almond oil, and an extract of vanilla. This created a genuine impact on everyone, as chemical products were still ruling the market. To promote her venture, she gifted this product to her close ones, and well, they were thrilled with the quality and effectiveness of the product. This led to a massive boost in her revenue generation in the next few years.
Fast forward to season 10 of Shark Tank: USA, Lani Lazzari appeared with her game-changing product in the show and asked for an investment of $100,000 for 10% equity in her dream-fulfilling company – Simple Sugars. The whole concept struck the room full of accomplished businessmen and women like thunder, and it created a genuine buzz.
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How Did Shark Tank Influence Simple Sugars Net Worth?
Lani Lazzari turned 18 years old, and her ideas have created a major impact in the skincare market. However, it would only make Simple Sugars successful in a particular geographic region. As mentioned before, her determination to fulfill her dream of providing a form of skincare that enhances and helps people suffering from eczema has got her appreciated and loved by customers. Therefore, her determination and effort took a step up, and she entered Shark Tank to get her business venture to the next level.
Her intriguing pitch about Simple Sugars caught the attention of all the investors. However, it was none other than Mark Cuban who gave an offer that Lani Lazzari could not refuse. Mark Cuban and Lani Lazzari’s business settled at $100,000 for 33% equity.
After that, the company got deserving exposure and promotion throughout different sectors of the country, and as per the survey, most Americans suffer from dry skin problems or eczema; therefore, Simple Sugars came as a savior to the problem. It raised the net worth of the company to a higher section of the industry.
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Lani Lazzari’s Simple Sugars Net Worth In 2023
Before Shark Tank, Simple Sugars generated $1 million in revenue with the expectation of $50,000 in sales. This created a genuine interest in the minds of the investors. Her business started to reach out to different regions as well. Therefore, it was the right time to get an investor to make it even bigger.
After the investment of Mark Cuban, Simple Sugars generated $2.3 million in sales by the end of 2013. What made the company bigger is that the well-known Business Insider named Simple Sugars as one of the most successful Shark Tank investments. In recent years, Mark Cuban stated in an interview that Simple Sugars is indeed one of his best investments from the show.
In 2023, as per reports, the Pittsburgh-based skincare company, Simple Sugars, the dream of an 11-year-old girl, has a net worth of $10 million. They are very active in the market, and they have opened a new office and headquarters for the company. Lani Lazzari still looks forward to providing more comfortable skincare products for everyone, and her success story is an inspirational one.
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