Circadian Optics Net Worth – How Much is Amber Leong Worth?
Circadian Optics is a company that designs and manufactures light therapy lamps. These devices mimic natural daylight to help users improve their energy levels, mood, internal body clock, as well as combat the symptoms of Seasonal Affective Disorder. Since 2016 when they opened for business, circadian Ops has already generated over $4 Million in sales revenue with Amber Leong hoping to expand it even more by 2022-2023.
Amber Leong presented her business to a panel of investors on an episode of Shark Tank recently, seeking $750,000 in exchange for 20% ownership in exchange for two offers from Kevin O’Leary and Barbara Corcoran; Mark Cuban and Lori Greiner offered similar amounts but with an added $50k for Amber’s parents.
Leong was inspired to start her company after moving from Malaysia to Minnesota and working at a corporate office, which led to an extensive research study regarding bright light stimulating circadian rhythms – helping maintain healthy sleep cycles and hormone production patterns – which provided her with ample sunlight in Malaysia. When she relocated to Minnesota and worked in dark offices she experienced health and sleep problems due to an absence of natural daylight. After further study revealed this effect.
She began her company with the intention of developing products that produced bright light similar to natural daylight and made workers more comfortable at work. Her goal was to design lamps stylish enough for office desks while remaining compact enough for easy transportation; her line of light therapy lamps, popularly dubbed “miniature suns on your desk,” became the result. Since then, annual sales have exceeded $4 Million with 70% profit margin.
The Sharks were instantly won over by Leong’s company and quickly offered her an investment deal from Cuban and Greiner; Leong decided to accept their offer, who agreed to invest $750,000 into her company for 20% ownership stake, along with adding $50,000 more towards Leong’s parents’ retirement as an added incentive.
After appearing on Shark Tank, Leong was thrilled with her response from the Sharks and their investment into her business. This investment allowed Leong to expand and make a difference in people’s lives across multiple countries with light therapy lamps provided by Leong’s company. Her dream is now to reach more countries through which light therapy lamps from Leong can reach those in need.