| Net Worth | $100 Million |
|---|---|
| Name | Dr. Shannon Klingman |
| Monthly Income | $5 Million + |
| Annual Income | $60 Million + |
| DOB | January, 1969 |
| Age | 54 Years |
| Height | 5’7″ |
| Profession | Entrepreneur |
| Nationality | American |
Shannon Klingman Net Worth is over $100 million and all of these numbers are coming from her company and profession.
Dr. Shannon Klingman is a successful entrepreneur and the founder of Lume, a natural, aluminum-free deodorant for underarms and private parts.
She is also an obstetrician/gynecologist (OB-GYN) with over 26 years of experience.
Klingman came up with the idea for Lume after struggling with her own body odor issues. She was tired of using traditional deodorants that were ineffective and caused her skin to break out.
She wanted to create a deodorant that was both effective and safe for all skin types.
After years of research, Klingman developed a unique formula for Lume that uses a blend of natural ingredients to kill odor-causing bacteria. Lume is also free of aluminum, parabens, and other harsh chemicals.
Klingman launched Lume in 2017 and the company has since grown rapidly. In 2022, Lume was acquired by Harry’s, a men’s grooming company.
The terms of the deal were not disclosed, but it is estimated that Lume is worth over $100 million.
To know more about Shannon Klingman Net Worth, early life, career, and Lume’s journey, we have written this particular blog post called Shannon Klingman Net Worth.
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Shannon Klingman net worth
The year 2022 marked a significant milestone when Lume found a new home under Harry’s umbrella, a distinguished player in the men’s grooming industry.
In 2023, the net worth of Lume is over $100 million which is rapidly increasing Shannon Klingman Net Worth.
Shannon Klingman Net Worth is estimated to be in the tens of millions of dollars. Her primary source of income is from Lume, but she also earns money from her medical practice and from speaking engagements.
Klingman is a philanthropist and has donated money to several charities, including the Women’s Startup Lab and the American Cancer Society. She is also a mentor to other entrepreneurs.
Dr. Shannon Klingman has not published any books yet. However, she is working on a book about her journey to create Lume.
The book is tentatively titled “The Lume Story: How an OB-GYN Turned Her Deodorant Startup Into a $100 Million Business.” It is expected to be released in 2024.
If the book is successful, it could be a significant source of income for Dr. Klingman.
Book deals typically range from $50,000 to $500,000, and can be even higher for celebrity authors or books with the potential to be bestsellers.
Here are some of the income sources that have contributed to Dr. Shannon Klingman’s net worth:
- The success of Lume, which is a rapidly growing company with a valuation of over $100 million.
- Her experience as an OB-GYN, which gives her the knowledge and skills she needs to develop a safe and effective deodorant formula.
- Her entrepreneurial spirit and determination, which helped her to overcome challenges and achieve success.
- Her commitment to giving back to the community, which has earned her the respect and admiration of others.
- Speaking engagements and book deals
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Shannon Klingman assets
Shannon Klingman’s house
Klingman lives in a luxurious home in Minnetonka, Minnesota. The home is worth an estimated $2 million and features 6 luxury bedrooms, 4 bathrooms, and a swimming pool.
The total land size of Klingman’s home is approximately 290,545 square feet.
| Current Owner | Shannon Klingman & Evan J. Griffiths |
|---|---|
| Purchase Price in 2013 | $200K |
| Assessed Value in 2021 | $1353K |
| Property Taxes | $14,446 |
| Tax$/Acre | $2,166 |
Tax History of Shannon Klingman
| Year | Property Taxes |
|---|---|
| 2022 | $15062 |
| 2021 | $14446 |
| 2020 | $13830 |
| 2019 | $13582 |
| 2018 | $13266 |
| 2017 | $13740 |
| 2016 | $8678 |
| 2015 | $2888 |
| 2014 | $2948 |
Shannon Klingman net worth growth
| Year | Value |
|---|---|
| Shannon Klingman Net Worth in 2023 | $100 Million |
| Shannon Klingman Net Worth in 2022 | $48 Million |
| Shannon Klingman Net Worth in 2021 | $20 Million |
| Shannon Klingman Net Worth in 2020 | $14 Million |
| Shannon Klingman Net Worth in 2019 | $10 Million |
| Shannon Klingman Net Worth in 2018 | $5 Million |
Early life
Dr. Shannon Klingman is an obstetrician and gynecologist in Minnetonka, Minnesota. She is known for her compassionate care for all children, including those with special needs.
Dr. Klingman was born in Detroit, Michigan, to parents who were both doctors. Her father was a handmade soap maker and her mother was a pediatrician.
Shannon Klingman’s family used to family business (Handmade Soap) to run their family and from her father, Klingman learned how to make handmade soap.
Dr. Klingman said that she was always drawn to medicine, and she knew from a young age that she wanted to be a doctor.
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Dr. Klingman attended the University of Michigan-Dearborn, where she earned a bachelor’s degree in biochemistry.
She then went on to Wayne State University School of Medicine, where she earned her medical degree. After medical school, Dr. Klingman completed her residency in obstetrics and gynecology at the University of Minnesota.
Dr. Klingman has been practicing medicine for over 20 years. She is currently a partner at Obstetrics & Gynecology West in Minnetonka.
Dr. Klingman is known for her compassionate care for all patients, but she has a special interest in caring for children with special needs.
Career
Klingman is a passionate advocate for women’s health and body positivity. These simple terms help her to build her career.
After practicing medicine for over two decades currently, Klingman serves as a partner at Obstetrics & Gynecology West in Minnetonka, Minnesota.
Shannon Klingman is renowned for her compassionate care for all patients, with a particular focus on women dealing with pelvic floor disorders and incontinence.
Dr. Klingman is not only a medical expert but also a prominent figure in the field.
She has made appearances on numerous television and radio shows and contributed articles to various magazines and websites.
In addition to her medical practice, Dr. Klingman is the visionary CEO and founder of Lume Deodorant, LLC.
Lume is an all-natural deodorant designed to provide effective odor control for individuals of all ages, including those with sensitive skin.
Dr. Klingman’s inspiration for creating Lume stemmed from her personal struggle to find a deodorant that met her needs and those of her children.
Lume has achieved remarkable success and received recognition in several prominent publications, including The New York Times, The Wall Street Journal, and Forbes (30 Under 30)
Shannon Klingman’s career has a huge contribution to Shannon Klingman net worth.
Story of Lume
Lume is a natural deodorant that is designed to be effective for people of all ages, including those with sensitive skin.
Dr. Klingman developed Lume after struggling to find a deodorant that worked for her and her children.
She was frustrated with the harsh chemicals and artificial fragrances in most deodorants, and she wanted to find a natural solution that was safe and effective.
After years of research, Dr. Klingman developed a unique formula that uses gentle acids to neutralize odor-causing bacteria.
Lume is also free of aluminum, baking soda, and other harsh ingredients that can irritate the skin.
Dr. Klingman is proud of what she has accomplished with Lume, and she is committed to helping people all over the world feel confident and comfortable in their own skin.
Here is Dr. Klingman’s story in her own words:
“I started Lume because I was frustrated with the lack of effective and safe deodorant options on the market. I wanted to create a product that would work for everyone, regardless of their age, skin type, or lifestyle.
I spent years researching and developing a formula that was both effective and gentle. I wanted to use natural ingredients that would not irritate the skin, and I wanted to avoid harsh chemicals like aluminum and baking soda.
I’m proud to say that we’ve created a product that is truly groundbreaking. Lume is the only deodorant on the market that is both effective and natural. It’s safe for everyone to use, and it’s clinically proven to work.
I’m so grateful for the opportunity to help people feel confident and comfortable in their own skin. Lume has changed the lives of so many people, and I’m excited to see what the future holds for our company.”
Shannon Klingman Shark Tank Appearance
If you think, Shark Tank has increased Shannon Klingman Net Worth then should read this.
Dr. Shannon Klingman made a deal in Shark Tank. She appeared on Season 9th and pitched Lume Deodorant, LLC to the Sharks.
Dr. Klingman started her pitch by talking about her own experience with body odor. She said that she had struggled to find a deodorant that worked for her and that she was tired of using harsh chemicals that irritated her skin.
She then introduced Lume and explained how it works. Lume uses gentle acids to neutralize odor-causing bacteria, without the use of aluminum, baking soda, or other harsh ingredients.
Dr. Klingman also talked about the positive customer reviews that Lume has received.
She said that Lume has helped people of all ages, from teenagers to seniors, and that it has even helped people with chronic medical conditions like hyperhidrosis.
The Sharks were impressed with Lume, and they made several offers to Dr. Klingman.
She gets the best investment offer from Kevin O’Leary of $175,000 in exchange for 25% of the company.
After consulting with the advice-giver, Klingman rejects Kevin’s offer due to his (Kevin O’Leary) past investment.
Now, with Shannon Klingman’s skin care product Shannon Klingman net worth is $100 million.
Here is a table of the offers that Dr. Klingman received from the Sharks:
| Shark | Offer |
|---|---|
| Kevin O’Leary | $175,000 for 25% of the company |
| Lori Greiner | $175,000 for 20% of the company |
| Daymond John | $175,000 for 15% of the company |
| Barbara Corcoran | $175,000 for 10% of the company |
| Mark Cuban | $175,000 for 12.5% of the company |
Dr. Klingman accepted the offer from Mark Cuban and Lori Greiner because she felt that they were the best partners for Lume.
They have a proven track record of success in the business world, and they share Dr. Klingman’s vision for Lume. Must check Bambi Swayze’s Net Worth.
Some people think due to the shark tank appearance Shannon Klingman Net Worth has increased.
Social Media links
| Shannon Klingman, M.D. | |
| shannon_klingman_md | |
| Lume Deodorant | |
| Shannon Klingman, M.D. |
Conclusion
Dr. Shannon Klingman net worth of $100 made her a successful entrepreneur and doctor.
She’s known for founding Lume, an all-natural deodorant, and her medical career as an obstetrician/gynecologist.
Her journey from personal struggles with body odor to creating Lume, which is valued at over $100 million, showcases her dedication to innovative solutions and empowering individuals to feel confident.
Dr. Klingman’s philanthropy, mentorship, and recent Shark Tank appearance further highlight her impactful presence in the business and healthcare worlds.
FAQs
Who is the owner of Lume?
Dr. Shannon Klingman is the founder and CEO of Lume.
Where is Dr. Shannon Klingman from?
Dr. Shannon Klingman is from Minnetonka, MN.
Is Lume woman really a doctor?
Lume Whole Body was developed by Shannon Klingman, MD. After seeing countless doctors incorrectly diagnose women with bacterial vaginosis, I started using deodorant.
Has Lume been sold?
The in-house incubator Harry’s Labs, established by the razor company Harry’s, has agreed to purchase the DTC deodorant company Lume.
Is the founder of Lume a doctor?
Yes, she is.