Shannon Klingman is a professional doctor and entrepreneur whose business venture has propelled her name to the list of millionaire women. Shannon’s journey to becoming a millionaire began when she was featured in Shark Tank’s season nine with an idea.
The entrepreneur pitched her idea of Lume Deodorant, which focused on natural deodorant and other skin care items made from organic ingredients. Although the entrepreneur did not get a deal with the sharks, her business would grow to over a 100-million-dollar company. Here are the details of the story and more!
Who is Shannon Klingman?
Shannon Klingman became a well-known figure for her entrepreneurial spirit. The professional doctor was born in January 1970 in Minnetonka, Minnesota. Shannon was a bright student from an early age, which gave her the drive to pursue a medical career.
After graduating high school, Klingman joined the University of Michigan in Dearborn, pursuing a Bachelor of Science in Biochemistry. Klingman proceeded to Wayne State University School of Medicine, where she got another degree in Medicine.
Shannon Klingman has practiced as a professional doctor for over two decades. Shannon practiced obstetrics and gynecology, leading her to business ventures later in life.
Shannon became a known and respected figure after launching and becoming Lume Deodorant’s CEO. Shannon Klingman’s net worth has significantly increased due to the success of Lume Deodorant.
Lume Deodorant in Shark Tank
Lume Deodorant was pitched in by the CEO, Shannon Klingman, during Shark Tank’s season nine. Despite the entrepreneur’s solid idea of transforming skin care with organic solutions, Shannon did not strike any deal with a shark.
However, Shannon received an offer from Kevin O’Leary, who was willing to give her $175,000 for a 25% stake in the company. Shannon was unwilling to take the deal, probably because she did not get an offer from a Shark who was well-versed in the industry.
Thankfully, Lume Deodorant performed very well, generating a revenue of over $14.7 million. The company is valued at around $140 to $280 million, although Shannon currently does not own the company.
The huge success of Lume deodorant is inseparable from its unique marketing. In the marketing process, promoting the brand and establishing brand awareness are particularly important. Using Enamel Pin as a carrier for brand promotion is a great choice.
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How Much is Shannon Klingman’s Net Worth?
Shannon Klingman is a notable entrepreneur whose net worth is around $100 million. Being the founder and CEO of Lume Deodorant, it is no wonder that Shannon has reached a net worth.
Shannon grew the company and sold it for millions of dollars, which helped her net worth shoot.
Moreover, Shannon Klingman is a professional doctor who has greatly contributed to the health sector, earning some good money. Despite taking a break from her career, the Lume Deodorant CEO is still in management despite selling the entire company.
Some sources reveal that Doctor Kligman still earns at least $2 million per year for being the CEO of Lume Deodorant.
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Shannon Klingman Family
Besides showing her prowess in entrepreneurship, Klingman is a proud mother and wife. The Lume Deodorant CEO walked down the aisle in 2006 and exchanged vows with Evan Griffiths.
Shannon’s husband is a professional obstetrician and has been a big part of her developing the brand of deodorants. Klingman is a mother to four children: Julia, Bennett, Jonah, and Mary.
