Spergo has a net worth of $6 million in 2024. 15-year-old Trey Brown and his mom Sherell walk into the Shark Tank seeking investment for their designer apparel brand SPERGO. Daymond John invested $300,000 in Spergo for a 25% equity.
Spergo Net Worth 2024
| Company Name | Spergo Clothing |
| Net Worth | $6 Million |
| Annual Sales | $2.9 Million |
| Founder | Trey Brown |
| Asked For | $300k for a 10% equity |
| Shark Tank Deal | $300k for a 20% equity |
| Investor | Daymond John |
| Lifetime Sales | $10 Million |
Spergo Revenues Update
Trey Brown and the Spergo brand are still in business, continuing to sell their signature streetwear apparel online.
Daymond John helped the company reduce their manufacturing costs and also helped the company by providing his team of digital marketing experts. As a result, Spergo is generating $250,000 in monthly revenues today.
Dont Miss other Shark Tank Product Updates
Shark Tank Pitch
Trey Brown, a then 15-year-old with infectious enthusiasm, entered the Shark Tank alongside his supportive mom, Sherell Peterson, in 2015.
They introduced Spergo, a lifestyle apparel brand targeting young people with a message of “power, strength, and courage.”
They showcased their trendy sweatpants, hoodies, and caps, all emblazoned with the Spergo logo.
Asking Share:
The ambitious duo sought $300,000 for a 10% stake in Spergo. Trey confidently presented their impressive sales figures, having bootstrapped the company with $178 from his birthday money and scaling it to nearly $200,000 in revenue within a year.
Negotiations:
The Sharks were initially skeptical, with some questioning the market saturation and scalability of streetwear. However, Trey’s business acumen and youthful fire sparked interest.
Barbara Corcoran saw potential in his hustle and offered $150,000 for 25%, but with the condition of Sherell stepping back.
Robert Herjavec countered with a $200,000 offer for 20%, valuing Spergo at $1 million and allowing Sherell to stay involved.
FAQs
How is SPERGO doing since Shark Tank?
Since appearing on Shark Tank, Spergo’s net worth has more than tripled and today stands at an estimated $6 million.
Who is the billionaire CEO of SPERGO?
Spergo is run by its 19-year-old founder, Trey Brown.
Who invested in SPERGO on Shark Tank?
Daymond John invested $300,000 in Spergo for a 25% share in the company.