Mark Stidham is the US co-founder and CEO of LuLaRoe. Initially founded by his wife in their own home, Mark later became an important part of the company as it began to grow exponentially, with the company generating $2.3 billion in sales in 2017. As of 2021, it is estimated that Mark Stidham's net worth will be around $50 million.
However, the company later disappeared due to the numerous lawsuits in which it was involved, which resulted in a deterioration of the brand image. However, there is now a new documentary series streaming on Amazon Prime Video called LuLaRich that explores Mark and DeAnn Stidham’s version of LuLaRoe.
|Full Name||Mark Stidham|
|Birth Place||United States of America|
|Profession||Co-Founder and CEO|
|Net Worth||$50 million|
Mark’s father was an entrepreneur who introduced him to the construction industry at a very young age, which he liked very much because he could see quick results and he also loved the physical work that had to be done outdoors.
Mark Stidham Net Worth and Career
Due to this influence, Mark has been in the construction business for most of his life. However, his career was about to take a big turn when one of his daughters asked Mark’s wife, DeAnn, to make her a long skirt. DeAnne soon received several orders for this type of skirt, and in the blink of an eye she sold 20,000 pieces. At the time, Mark was still running his construction business, but because of DeAnne’s enormous stature, he would sometimes have to bring textiles for him when he was still around. at work.
When the huge potential became clear, Mark decided to throw himself into this business, which in 2013 will be registered as LuLaRoe, named after his granddaughters. Mark said in an interview that they are up 25% from the previous month. LuLaRoe was a company that grew month after month, forcing them to constantly upgrade their warehouse from their home to a roughly 3 acre warehouse.
What’s surprising is that even such a wide field has been filled with the business idea of empowering women by helping them make money from home, with around 80,000 salespeople at one point and US$2.3 billion as of 2017. The company It is still operational today, but due to the enormous setback it has suffered over the years due to the lawsuits it has suffered, its brand image has been lost.
Mark first met in 1998, their first meeting was on a plane. Divorced with a child at the time, Mark later decided to marry DeAnn. To date, the couple has a total of 15 children, some of them biological, others also adopted.
Mark Stidham Net Worth
As of 2021, Mark Stidham’s net worth is estimated at $50 million. There have been various reports indicating the opulent lifestyle and wealth of the Stidham family. Furthermore, they were even accused of hiding their wealth by creating many shell organizations to evade creditors.
Even before LuLaRoe had a big income, Mark and DeAnn had a lot of financial problems, especially with taxes. The couple reportedly own a $7 million ranch in California, $2.1 million worth of luxury cars, and a private jet.