Lulu Bang Net Worth 2025 – I Know Net Worth
Ashley Kelly and Jorrae Beard, the entrepreneurial sisters behind Lulu Bang sauces, have steadily grown their brand since their appearance on Shark Tank. Despite not securing a deal, their business efforts and strategic growth have led to significant success. Lulu Bang’s estimated net worth in 2025 stands at $2.2 million USD, fueled by their expanding retail partnerships, dedicated customer base, and innovative product offerings.
This article dives deep into Lulu Bang’s net worth, breaking it down in USD, GBP, EUR, AED, and SAR, while exploring the sources of their fortune, including product sales and catering services. We’ll also analyze how they’ve turned challenges into opportunities to build their financial success.
| Personal & Business Details | Snapshot |
|---|---|
| Current Age (2025) | Kelly – 42, Jorrae – 39 |
| Birthplace | Philadelphia, Pennsylvania |
| Gender | Female |
| Height | Kelly 5’7″, Jorrae 5’6″ |
| Educational Background | Culinary Arts and Business Administration |
| Occupation | Entrepreneurs |
| Nationality | American |
| Religious Beliefs | Christian |
| Ethnic Background | African American |
| Zodiac Sign | Kelly – Virgo, Jorrae – Leo |
| Father’s Name | James Kelly |
| Mother’s Name | Joyce Beard |
| Siblings | One additional sibling |
| Relationship Status | Both married |
| Children | Kelly – 2, Jorrae – 1 |
| Estimated Net Worth (2025) | $2.2 million USD |
Lulu Bang Net Worth Overview
Current Net Worth in USD
Lulu Bang’s estimated net worth in 2025 is $2.2 million USD, reflecting their perseverance, product innovation, and effective business strategies after appearing on Shark Tank.
Net Worth in Global Currencies (2025)
Here’s a breakdown of Lulu Bang’s estimated net worth in five different currencies based on the current exchange rates for 2025:
| Currency | Equivalent Value |
|---|---|
| USD (U.S. Dollars) | $2.2 million |
| GBP (British Pounds) | £1.74 million |
| EUR (Euros) | €2.11 million |
| AED (U.A.E. Dirham) | 8.07 million AED |
| SAR (Saudi Riyal) | 8.25 million SAR |
Note: Currency conversions are based on the following exchange rates as of February 2025:
- 1 USD = 0.79 GBP
- 1 USD = 0.96 EUR
- 1 USD = 3.67 AED
- 1 USD = 3.75 SAR
How Lulu Bang Built Their Fortune
Primary Income Sources
- Retail Product Sales: Lulu Bang sauces have been sold in 170 Walmart locations and ShopRite stores in nine states, with continued growth in online channels.
- Online Sales: After appearing on Shark Tank, Lulu Bang launched their official e-commerce platform, allowing them to sell directly to customers. Sales increased tenfold in the months following their debut.
- Catering Services: The sisters also run a catering business, Joyce’s Soulful Cuisine, offering signature dishes (like fried chicken and marinated short ribs) starting at $16 per person. Their catering services contribute a significant portion to their revenue.
Major Deals & Endorsements
While Lulu Bang hasn’t pursued celebrity endorsements, their appearance on Shark Tank elevated customer awareness. The exposure led to a $60,000 sales surge in the first 72 hours after the show aired, helping establish credibility and trust in the brand among new and existing customers.
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Lulu Bang’s Investments & Assets
Real Estate Portfolio
- Kelly and Jorrae have invested in two commercial spaces in their hometown of Philadelphia, one of which was used for their pop-up restaurant, Lulu Bang Burgers & Wangs.
Business Ventures
- The sisters continue expanding their product line, focusing on four core sauce flavors while exploring new market opportunities in the gourmet sauces segment.
Annual Earnings & Financial Growth
Yearly Income Breakdown
- 2024 Revenue (Approximate): $1-$2 million USD
- 2025 Revenue Projection (Approximate): Expected growth of 10%-15% year-over-year, putting projected annual earnings between $1.1 million and $2.3 million USD.
Net Worth Growth Over Time
Lulu Bang’s net worth grew steadily following their Shark Tank appearance in 2016. Here’s a timeline of growth milestones:
- 2016: Business valued at $1.5 million USD.
- 2020: Increased online sales helped approach $1 million USD in revenue.
- 2024: Business net worth reaches approximately $2 million USD.
- 2025: Projected net worth increases to $2.2 million USD, reflecting sustained business growth and market expansion.
Lulu Bang’s Journey of Success
The path hasn’t always been smooth for Lulu Bang. Their initial pitch on Shark Tank revealed tough competition in the sauce market, combined with challenges in branding and distribution. However, the sisters turned these obstacles into opportunities, using customer feedback and market visibility to rebrand their packaging and expand retail partnerships. Their tenacity proves that innovation, paired with hard work, leads to financial success.
Final Thoughts on Lulu Bang’s Financial Journey
With an estimated net worth of $2.2 million USD, Lulu Bang stands as an inspiring example for aspiring entrepreneurs. Kelly and Jorrae showcased resilience and the ability to adapt, turning a family recipe into a thriving business.
Whether you’re a small business owner or dreaming of starting your own venture, Lulu Bang’s story demonstrates the rewards of ambition and persistence.
