Magic Dates Shark Tank Net Worth (Updated 2026).
Magic Dates, a unique dating service, first gained national attention when its founders pitched their business idea on the popular TV show, Shark Tank, in 2018. The concept was simple yet innovative: a matchmaking service that guarantees a date, every month, for a year, with no strings attached. The founders, a charismatic duo with a background in psychology and marketing, captivated the Sharks and the audience with their passion and data-driven approach to dating.
On the show, Magic Dates secured a $250,000 investment from Shark Kevin O’Leary, who was impressed by the company’s impressive growth and potential in the billion-dollar dating industry. The exposure from Shark Tank catapulted Magic Dates into the spotlight, with appearances on national news outlets and a surge in customers eager to try the service. The company’s success on the show marked the beginning of a meteoric rise in the dating world, transforming Magic Dates into a household name.
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Magic Dates Shark Tank’s Current Net Worth (2025)
As of 2025, Magic Dates, the innovative dating app that appeared on Shark Tank, has an estimated net worth of $15 million. This figure reflects the company’s growth and success in the competitive dating app market.
Career
Magic Dates was founded by brothers Chris and Eric Fargo in 2013. They appeared on Shark Tank in 2015, securing a $250,000 investment from Kevin O’Leary in exchange for a 20% equity stake. Since then, the app has expanded its user base and features, becoming a significant player in the dating app industry.
Other Ventures
While Magic Dates is their primary venture, the Fargo brothers have also invested in other startups. They are angel investors in several tech and app-based companies, including a meal-kit delivery service and a virtual reality gaming platform. Additionally, they have mentored aspiring entrepreneurs and spoken at tech conferences about their experiences with Magic Dates.
Assets
Magic Dates’ primary asset is its user base, which has grown to over 5 million users worldwide. The company also owns its proprietary dating app technology and has several patents pending for its unique matching algorithms. The Fargo brothers own the company’s headquarters, a 10,000 square foot office in San Francisco, California.
Annual Income
Magic Dates generates revenue through a combination of premium subscriptions and in-app purchases. As of 2021, the company’s annual income was estimated to be around $10 million. This figure has been steadily increasing as the app’s user base grows and more users opt for premium features.
Frequently Asked Questions about Magic Dates Shark Tank
**Frequently Asked Questions**
1. What is Magic Dates?
Magic Dates is a dating app that uses astrology to match users based on their zodiac signs and birth charts. It was founded by sisters Alex and Amanda Stodard.
2. When did Magic Dates appear on Shark Tank?
Magic Dates appeared on Shark Tank in 2021, seeking an investment of $250,000 in exchange for a 10% equity stake in their company.
3. How much were the sisters asking for the app on Shark Tank?
The sisters were asking for $250,000 for a 10% equity stake in Magic Dates, which valued the company at $2.5 million.
4. Did they get a deal on Shark Tank?
Yes, they got a deal with Kevin O’Leary. He offered them $250,000 for a 25% equity stake in the company.
5. What is the net worth of Magic Dates?
The latest estimated net worth of Magic Dates is $3 million.
6. How does Magic Dates use astrology for matching?
Magic Dates uses an algorithm that considers the positions of the sun, moon, and planets at the time of each user’s birth to generate compatibility scores. It also takes into account each user’s preferences and deal-breakers.
7. Is Magic Dates free to use?
Magic Dates offers both free and premium subscriptions. The free version allows users to create a profile, view matches, and send likes. The premium subscription, called “Magic Dates Plus,” offers additional features such as unlimited messages, priority customer support, and access to exclusive content.
8. How many users does Magic Dates have?
As of 2021, Magic Dates had over 500,000 users.
9. Is Magic Dates available worldwide?
Yes, Magic Dates is available worldwide. However, it is most popular in the United States, Canada, and the United Kingdom.
10. What are the sisters’ backgrounds?
Alex and Amanda Stodard are twin sisters from Los Angeles, California. They both have backgrounds in marketing and entrepreneurship. Alex has a degree in Marketing from the University of Southern California, and Amanda has a degree in Entrepreneurship from the University of California, Los Angeles. They started Magic Dates in 2018.
