Rick Smith Jr. Magician Shark Tank Net Worth 2023
Rick Smith Jr. Magician Shark Tank Net Worth
Rick Smith Jr. is a professional magician and illusionist from Cleveland, Ohio. He has been performing magic for over 20 years and has appeared on numerous television shows, including Master of Champions, Wayne Brady’s talk show, Shark Tank, and ABC’s Shark Tank.
In December 2022, he pitched his idea for a Vegas Magic Show to the Sharks in episode 307 of Shark Tank. He was seeking $1.5 million in return for a 20% stake in the company.
The company valuation was $7.5 million during and after the pitch.
Rick started his career in magic at age 7 by researching and developing illusions. He began performing at children’s birthday parties and family gatherings while still in high school. His signature card throwing tricks have earned him a Guinness World Record title.
Currently, Rick is working on a program with YouTube Shorts called 30 for 30 and continues to perform at smaller venues such as birthday parties, corporate events, and proms.
What is Rick Smith Jr. Magician? Who is the founder of Rick Smith Jr. Magician?
Rick Smith Jr. is an illusionist and card thrower based in Cleveland, Ohio. He has gained national recognition through his performances on television and holds three world records for the greatest distance, height, and accuracy in throwing a playing card.
Smith was born and raised in Lyndhurst, a suburb of Cleveland, and attended St. Clare School before moving on to Charles F. Brush High School.
As a child, he began teaching himself magic and purchasing props from a nearby magic store. He started performing for his neighbors in his basement and later charged a small fee for stage performances at local events.
After high school, Smith attended Cleveland State University and studied Marketing and Business Management while playing as a pitcher for the school’s NCAA team.
It was during this time that he developed his card-throwing abilities. Smith has also created instructional DVDs on card throwing and magic tricks.
Smith’s card-throwing abilities gained him attention when he accidentally injured a child with a thrown card in a college locker room.
He later set a world record for the farthest distance a playing card has ever been thrown and gained national recognition through appearances on television shows such as Ripley’s Believe It Or Not.
Smith has since founded the Rick Smith Jr. Magic Show and continues to perform as an illusionist and card thrower.
Rick Smith Jr. Magician Shark Tank Pitch
Rick Smith Jr. presented his idea for a new Vegas magic show in episode 307 of Shark Tank. Smith wanted to establish a fresh form of entertainment in the crowded streets of Las Vegas and sought the help of a Shark.
Smith entered the Tank seeking $1.5 million in exchange for a 20% stake in his company, which was valued at $7.5 million.
To impress the Sharks, Smith performed several magic tricks, including showing off his card-throwing abilities by slicing a piece of celery in two with a card. He also invited Kevin O’Leary to participate in one of his illusions, which resulted in laughter and excitement.
However, the Sharks were not convinced, and many of them exited the deal. They questioned Smith’s $7.5 million valuation, given his earnings of only $200,000 in the previous year.
Some of the Sharks believed that Smith’s idea was too risky and would take too much effort to become successful.
In the end, none of the Sharks made a deal with Smith. Despite this setback, Smith continued to book smaller venues and establish a profitable career in magic.
He performed at birthday parties, proms, and corporate events, while also selling throwing cards and targets through his website.
During the Covid-19 pandemic, Smith adapted to the circumstances and began offering virtual magic acts through Zoom. As of February 2022, his company is still operating and generating an annual revenue of $2 million.
Overall, while Smith’s appearance on Shark Tank did not result in a successful deal, he persevered and continued to grow his brand and career, one performance at a time.
Net Worth of Rick Smith Jr. Magician
The company valuation was $7.5 million during and after the pitch. Since then the company has a net worth of $1.5 million.
Rick Smith Jr. Magician FAQs
What is Rick Smith Jr. Magician?
Rick Smith Jr. Magician is the name of Rick Smith Jr., a magician from Cleveland, Ohio. Rick Smith was his original name prior to the famous incident with card throwing at Cleveland State University.
Who is the founder?
Rick Smith, Jr. is the founder of Rick Smith Jr. Magic Show, which began in 2002.
How much was seeking on Shark Tank?
He was seeking for $1.5 million for a 20% stake in the firm, which was valued at $7.5 million.
Did he have the deal?
No, he did not have a deal during the pitch.
Is Rick Smith Jr. Magician still in business?
Yes, Rick Smith Jr. Magician is still in business. He performs events and corporate events around Las Vegas.
Where is Rick Smith Jr. Magician based?
The headquarters of Rick Smith Jr. Magician are based in Las Vegas, Nevada.
What is the net worth of Rick Smith Jr. Magician?
The net worth of Rick Smith Jr. Magician is $1.5 million.
Is Rick Smith Jr. Magician legit?
Yes, Rick Smith Jr. Magician is an actual business run by the Rick Smith Jr. Magician. He has been featured in major news publications for his act, which was 4 years before the Shark Tank episode aired.
What does Rick Smith Jr. Magician do?
Rick Smith Jr. Magician has been making a living by performing in small venues across Las Vegas.
Who are the targeted audience of Rick Smith Jr. Magician?
Rick Smith Jr. Magician’s targeted audiences are general audiences of elementary school students to adults.
What is the source of income of Rick Smith Jr. Magician?
The source of income for Rick Smith Jr. Magician is his website, which he uses to advertise his events and bookings through private parties and corporate events.
How Rick Smith Jr. Magician does make money?
Rick Smith Jr. Magician makes money by selling the items in his website’s store, including the card-throwing packs and targets.
Is Rick Smith Jr. Magician successful?
Yes, Rick Smith Jr. Magician is a successful business. He has been featured in major news publications, and his act has been performing for more than a decade despite the popularity of the Shark Tank episode.
How do I pay for Rick Smith Jr. Magician?
Rick Smith Jr. Magician’s products can be purchased through the website, which accepts a number of major credit cards through PayPal.
How do I buy Rick Smith Jr. Magician service?
Rick Smith Jr. Magician’s services can be purchased through the website and delivered to customers’ location.
Is Rick Smith Jr. Magician has an offer?
Rick Smith Jr. Magician has a free offer, which consists of the initial shipping costs. The magic act itself is offered at the cost of $595.
How much does Rick Smith Jr. Magician cost?
Rick Smith Jr.’s pack is priced at $10, while a similar pack on another website has a price tag of $12.95.
What is the target age of Rick Smith Jr. Magician?
Rick Smith Jr. Magician’s targeted age group is from elementary school students to adults.
What is the net worth of Rick Smith, Jr.?
The net worth of Rick Smith, Jr. is $1.5 million.