Rick Smith Jr. is a magician. He wanted to make a big magic show in Las Vegas. He went on the TV show Shark Tank. He asked for money to help start his show. He wanted $1.5 million for 20% of his company. He showed the sharks his magic tricks.
He even threw a card to cut celery in Mark Cuban’s hand. The sharks liked his tricks. But they had questions about his plan. They wanted to know how he would make money. They also thought his plan was too big and risky. Will the entrepreneur get a deal on Shark Tank? Check out Vegas Magic Show update to find out!
Vegas Magic Show Net Worth Shark Tank Update 2025
Jarrett Parker and Raja Rahman went on Shark Tank asking for $1,000,000 for 20% of their stage show. This meant they thought their act was worth $5,000,000. They did not make a deal with any Shark. The episode was aired on May 4, 2012. The duo continues to perform as professional magicians but no longer has a full-time Las Vegas residency. The current net worth of the Vegas Magic Show is estimated to be around $500,000 in 2025 based on performances and appearances.
After Shark Tank Rick kept doing magic. He did not start a big show in Las Vegas. But he stayed busy. He performed at parties and events. He also went on other TV shows. He was on America’s Got Talent and Ripley’s Believe It or Not. In 2022 he did over 700 shows. He is still a successful magician today.
No Rick did not get a deal on Shark Tank. He asked for $1.5 million for 20% of his company. The sharks thought this was too much money. They also thought his plan was too risky. So they did not invest in his magic show.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran | out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Vegas Magic Show Shark Tank pitch
Rick Smith Jr. loved magic when he was young. He started doing magic tricks for his family and friends. He also liked sports. He played baseball in college. One day, he found out he could throw playing cards very far and fast. He even set a world record for throwing a card 216 feet. He wanted to use his skills to make a big magic show. He thought Las Vegas would be the best place for it. But starting a big show is hard.
It needs a lot of money and planning. Rick faced many challenges. He needed to find people to invest in his idea. He also needed to plan a show that people would want to see. These challenges made it hard for him to start his big magic show.
On Shark Tank, Rick was ready to present his idea. He wanted to make a big magic show in Las Vegas. He was confident that he could make it work. He even brought along other performers to show the sharks. He wanted them to see that he was serious. Rick showed off his skills by throwing playing cards. He asked Mark Cuban and Kevin O’Leary to help him with a trick. He placed a glove on Mark’s hand and asked him to hold a piece of celery.
Rick then threw a card at the celery and cut it in half. The sharks were impressed with the trick. It was clear that Rick was talented. But the sharks still had questions. They wanted to know more about his plan. They wanted to understand how he would make money. Rick told the sharks that he wanted to create a family-friendly magic show. He said it would have dancers, singers, and acrobats.
He believed this would make the show special. He said the show could make 12 million dollars in the first year. But the sharks were not sure if Rick could pull it off. They wanted to know more about his business.
The sharks asked Rick many questions. Kevin O’Leary was the first to ask about the money. He wanted to know why Rick thought his company was worth 7.5 million dollars. He also wanted to know why Rick needed 1.5 million dollars. Rick explained that he wanted to use the money to make the show happen. He needed to build a big stage and pay for the performers. He said that with his magic tricks and the right team, he could make a lot of money.
But Kevin was not convinced. He thought Rick’s idea was too risky. He suggested that maybe he should start his own magic show. Kevin said he could hire Rick to help him with his show. This was a big problem for Rick. If Kevin started his own show, he might not need Rick at all. Kevin also wanted to know how much money Rick had made. Rick told him he made 200 thousand dollars the year before.
But Kevin still did not think the idea was worth the investment. Robert Herjavec also asked about the risks of starting a new magic show. He said that it was a big risk to start a show with someone who was not well-known. Robert did not think it would be a good idea to invest in someone without experience. Mark Cuban asked Rick why he did not start with a smaller show. He thought it would be better to test out the idea before going all in.
Rick said he would consider starting smaller, but he really wanted to create a big show. Barbara Corcoran was concerned about how quickly Rick changed his mind. She did not like that he seemed willing to change his plan so easily. Daymond John also did not want to invest. He said that it was very hard to start a magic show in Las Vegas. He knew that the competition was tough and the risk was high. Daymond decided not to invest.
After hearing the sharks’ questions, Rick tried to explain himself. He believed in his magic show. He thought it could be a big success in Las Vegas. But the sharks were not convinced. Kevin O’Leary was the first to drop out. He did not think the investment was worth the risk. Mark Cuban also dropped out. He agreed that the risk was too high. Robert Herjavec also decided not to invest.
He thought the show was too risky and that Rick did not have enough experience. Barbara Corcoran was the next to say no. She felt that Rick was asking for too much money too soon. She did not think it was a good investment. Daymond John also decided not to invest. He said it was too hard to start a show like this in Las Vegas. Rick was left without a deal. He did not get the investment he needed. In the end, all the sharks said no.
What Went Wrong With Vegas Magic Show On Shark Tank?
There were several reasons why the sharks did not invest in Rick’s show. The biggest reason was the risk. The sharks thought it was too risky to start a big magic show in Las Vegas with someone who was not well-known. Rick had never done a big Las Vegas show before. He had only performed smaller shows. The sharks were not sure if Rick could make it work. They also thought Rick was asking for too much money.
He wanted 1.5 million dollars for 20 percent of his business. The sharks did not think the company was worth that much. They felt that Rick should have started with a smaller show before going all in. The sharks also had doubts about Rick’s ability to make the show a success. He had the talent but they did not think he had enough experience. In the end, the sharks did not think it was a good investment. They did not believe in Rick’s idea enough to give him the money he wanted.
Product Availability
Rick Smith Jr. did not get the money to start his big magic show. However, he is still a magician. He performs at events and shows. Rick is also selling products to teach others about magic. He sells DVDs that show people how to throw playing cards and do magic tricks. He also has special playing cards for card throwing. These products can be found on his website. You can also find them in some magic shops and online stores.
The prices for these products vary depending on what you buy. Some of the products are available for sale on his website. Rick’s website is the best place to find more information about his products and shows. You can also contact him through the website if you want to book him for a performance.
Conclusion
Rick Smith Jr. had big dreams of creating a magic show in Las Vegas. He went to Shark Tank to ask for help. The sharks liked his magic tricks but they did not believe in his idea. They thought the show was too risky and they did not want to invest. Even though he did not get a deal Rick did not give up. He kept working as a magician. He performed in over 700 shows in 2022. He appeared on TV shows like America’s Got Talent.
He also continued to sell his magic products. Rick did not start his big magic show in Las Vegas but he is still doing well. He is living his dream of being a magician, even though things did not go as planned on Shark Tank.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
