Worth 200 Million Now

At just 17 years old, Morgan Hipworth appeared on Shark Tank Australia to pitch his artisan doughnut business, Bistro Morgan. He asked the Sharks for AUD 200,000 in exchange for 20% equity, giving the company a valuation of AUD 1 million at the time. While he didn’t secure an investment, the pitch showcased his entrepreneurial drive and the rapid success of his pop-up doughnut shop in Melbourne. Since then, Hipworth has grown Bistro Morgan into a major brand, and today his business empire is estimated to be worth around AUD 200 million, a remarkable leap from the valuation he presented as a teenager.

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