This article is about Spergo Net Worth and other information. Spergo, a luxury designer clothing line founded by 15-year-old Trey Brown, is thriving in the competitive fashion industry due to its powerful message that anyone can achieve success. Brown’s inspiring story even landed him a deal with Daymond John on Shark Tank.
Introduction The Spergo
SPERGO, a luxury lifestyle and sportswear brand featuring the lion logo on products such as socks, hoodies, headbands, sweatshirts, and dresses, promotes a “Sport, Hero, Go Getter” attitude.
Brown’s hard work during the first year of sales resulted in $40,000 in revenue, but his dedication to the brand caused exhaustion and hospitalization.
Recognizing the brand’s potential, P Diddy invested $25,000 in entrepreneurship, allowing Brown to establish a storefront and expand SPERGO’s reach.
Take a tour of the store here. Following a successful appearance on Shark Tank, the Philadelphia 76ers NBA team granted Brown $200,000 and continues to endorse and promote the brand at their games.
Establishing the Company (Spergo)
In 2018, Brown launched the Spergo clothing line and sold 40 shirts to local residents the day after his birthday.
By the end of the year, he had made $40,000. At the age of 13, he assisted his mother in resigning from her job and becoming the COO of the startup.
In 2020, the business became so busy that Brown suffered from exhaustion and had to go to the hospital. After a brief hiatus, he was introduced to P. Diddy through a barbershop owner.
The wealthy rapper mentored him and provided $25,000 in funding. This money was utilized to establish Spergo’s first brick-and-mortar store, which generated a staggering $745,000 in revenue in 2020.
Spergo Owners, Founder
Growing up in a rough Philadelphia neighborhood, Trey Brown aimed to avoid trouble and support others. His mother, Sherell Peterson, is his biggest supporter.
At the age of 12, Trey used $178 to buy 16 shirts and sold them to family and friends. The clothes sold out in a day, prompting him to reinvest the money into buying more t-shirts.
Brown’s mother, Sherell Peterson, a retired seamstress with a degree in accounting and a master’s in education, assisted her son in setting up his business and even sold shirts out of her car trunk.
Brown’s success allowed him to provide for his mother, who retired when he was just 13 years old but continued to serve as SPERGO’s COO.
Spergo Net Worth and Spergo Bio
|Spergo Founder||Trey Brown|
|Spergo Founded Year||2018|
|Spergo Headquarters Location||Philadelphia, Pennsylvania, United States|
|Asked for||$300,000 for a 10% equity|
|Episode||Season 13 Episode 5|
|Final Deal||$300,000 for a 20% equity|
|Product||The unisex luxury designer clothing line|
|Air Date||Nov 5, 2021|
|Business Status (2023)||In Business|
|Spergo Net Worth||$2 million|
Spergo Net Worth
As of 2023, Spergo net worth is estimated at $2 million. The brand gained recognition. He distributed merchandise to influencers outside concerts to climb to the top.
The founder and CEO of SPERGO is Trey Brown. He created an Instagram account for this brand called @spergobillionaire. The account has more than 115K followers which is growing day by day.
Spergo Shark Tank Appearance
Trey and Sherell found it challenging to handle the business alone when it experienced tremendous growth in 2021. To improve their digital marketing and hire a professional designer, they sought $300,000 for 10% equity on season 13 of Shark Tank.
The Sharks were moved by the brand’s story and impressed by Trey’s dedication, as well as the clothing’s quality. Daymond John, who founded FUBU and had a similar story to Trey’s, was the most interested investor.
Ultimately, they agreed on a deal for $300,000 in exchange for 20%, with Cuban’s offer helping Trey secure a better deal.
Spergo After Shark Tank
Spergo experienced a massive surge in online orders, receiving over 1000 orders just five days after their appearance on Shark Tank. This was a 2000% increase from their average number of sales. Trey was invited to appear on Ellen and Fox Business, further increasing the brand’s exposure.
While Spergo has a strong social media presence with over 100,000 Instagram followers, engagement remains low.
In 2021, the brand generated $2.5 million in revenue with a profit margin of approximately 15%. Currently, the company (Spergo) is estimated to be worth $2 million.
Spergo also received support from the NBA community, including a $200,000 grant from the Philadelphia 76ers.
This enabled the brand to expand its product collection, which is now available on its website and in its physical stores. However, future growth will largely depend on their e-commerce website.
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Spergo As A Public Figure – Social Media Influencer
|Social Media Site||Linked Destination|
|Spergo Website||Click Here|
|Spergo Facebook||Click Here|
|Spergo Instagram||Click Here|
|Spergo Twitter||Click Here|
|Spergo Youtube||Click Here|
|Spergo Linkedin||Not Available|
FAQ – Spergo Net Worth | Spergo Bio
What is Spergo?
Spergo is a Philadelphia-based clothing line, Spergo, has gained significant popularity as a fashion brand.
Who founded the Spergo?
The Spergo founder is Trey Brown.
What is Spergo net worth?
As of 2023, Spergo’s net worth of approximately $2 million.
Who invested in Spergo?
Trey has determined that Daymond is the ideal partner for Spergo presently. They have reached a consensus that Daymond will receive a 20% stake in Spergo in exchange for a $300,000 investment.
Who is the CEO of SPERGO?
SPERGO is a streetwear and lifestyle brand located in Philadelphia, PA, with a 15-year-old CEO and founder named Trey Brown.
What is the founding date of Spergo?
Spergo was founded in 2018 by Trey Brown. He named the brand by combining the words “sports,” “heroes,” and “go-getter.” Brown marketed his clothing in local barbershops.