Gumbo Shark Tank Net Worth (Before and After Shark Tank)

Are you curious about the net worth of successful Shark Tank businesses? In this article, I’ll be taking a closer look at the net worth of Mee Ma’s Gumbo, a fully-seasoned frozen gumbo base that appeared on Season 4 of Shark Tank.

Mee Ma’s Gumbo caught the attention of the Sharks and made a deal with Kevin O’Leary and Lori Greiner for $200,000 in exchange for 50% equity. At the time, the company had a net worth of $1 million. However, despite the initial success, Mee Ma’s Gumbo is no longer in business.

Key Takeaways:

• Gumbo Shark Tank Net Worth: Mee Ma’s Gumbo had a net worth of $1 million before appearing on Shark Tank.
• Shark Tank Deal: Kevin O’Leary and Lori Greiner invested $200,000 in exchange for 50% equity.
• Decline in Net Worth: Mee Ma’s Gumbo’s net worth declined over the years, reaching $450,000 in 2020.
• Founder’s Net Worth: Carole Foster, the founder of Mee Ma’s Gumbo, currently has a net worth of $1 million.
• Lifetime Sales: Mee Ma’s Gumbo achieved lifetime sales of $22.9 million.

Mee Ma’s Gumbo Net Worth Timeline

Mee Ma’s Gumbo’s net worth has seen significant fluctuations throughout its journey, particularly following their appearance on Shark Tank. Let’s take a closer look at the timeline of their net worth:

Pre-Shark Tank (2007-2012)

From its inception in 2007 until their appearance on Shark Tank in 2012, Mee Ma’s Gumbo steadily grew its net worth. By the time they entered the Tank, their valuation stood at an impressive $1 million.

Shark Tank Boost (2013)

After successfully sealing a deal with Kevin O’Leary and Lori Greiner on Shark Tank, Mee Ma’s Gumbo experienced a surge in valuation. Their net worth jumped to $400,000, reflecting the confidence and excitement generated by the partnership.

Decline and Closure (2014-2022)

Unfortunately, Mee Ma’s Gumbo faced challenges in sustaining their initial success. As the years went by, their net worth continued to decline. By 2020, it had dwindled to $450,000, and eventually led to the closure of the business in 2022.

Year	Net Worth
2007-2012	$1 million
2013	$400,000
2020	$450,000
2022	Out of business

Despite their eventual closure, Mee Ma’s Gumbo left a lasting impact on the industry and continues to be remembered for their time on Shark Tank. The decline in their net worth serves as a reminder of the challenges faced by businesses, even after experiencing initial success.

Mee Ma’s Gumbo Founder and Pitch on Shark Tank

Let me introduce you to Carole Foster, the visionary behind Mee Ma’s Gumbo. In 2007, I founded this company with the goal of sharing my fully-seasoned frozen gumbo base with the world. Fast forward to my unforgettable pitch on Shark Tank, where I sought a $200,000 investment in exchange for 20% equity.

Although the negotiations didn’t go exactly as planned, I struck a deal with none other than Kevin O’Leary and Lori Greiner. They offered $200,000 for 50% equity, a proposal I couldn’t resist. This partnership, despite its challenges, catapulted Mee Ma’s Gumbo into the spotlight and offered me a chance to showcase my culinary creation to a national audience.

Since that memorable episode aired, Mee Ma’s Gumbo has garnered tremendous popularity, generating lifetime sales of a staggering $22.9 million. Our flavorful gumbo base became a hit among seafood enthusiasts and foodies alike. However, as we journey through the rollercoaster of entrepreneurship, it’s important to acknowledge that not all business ventures have a fairy tale ending.

As of 2023, my personal net worth stands at $1 million. The journey may have been filled with ups and downs, but I am proud of the mark Mee Ma’s Gumbo left on the culinary world. Our story serves as a reminder that even when a Shark Tank deal doesn’t come to fruition, success and recognition can still be achieved.