Swoveralls Net Worth 2025: How a Shark Tank Rejection Sparked a $5M Comfort Revolution

In 2025, Swoveralls stands as a testament to entrepreneurial resilience, boasting a net worth of $5 million despite a rejection on Shark Tank. Founder Kyle Bergman’s journey from a simple idea to a thriving business is both inspiring and instructive.

From Rejection to Recognition

Swoveralls, the brainchild of Kyle Bergman, debuted on Season 10, Episode 20 of Shark Tank in April 2019. The product, a fusion of sweatpants and overalls was pitched as the epitome of comfort wear. Despite the Sharks’ skepticism, citing concerns over market demand and product longevity, Bergman left without a deal. However, this setback became a catalyst for growth, propelling Swoveralls into the spotlight and capturing the attention of comfort-seeking consumers worldwide.

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A Comfortable Proposition

During his pitch, Bergman requested $150,000 for a 15% equity stake, valuing Swoveralls at $1 million. He highlighted impressive sales figures, with $230,000 in revenue and a healthy profit margin. Despite this, the Sharks remained unconvinced.

“I just can’t get excited about it. I don’t know how I’d get my $150,000 back. And it’s not just about getting $150,000 back. I want to get $2 million back and I don’t think that’s going to happen here.” — Kevin O’Leary, Shark Tank Season 10

The lack of investment did not deter Bergman. Instead, he leveraged the exposure to fuel his company’s growth.

Swoveralls Shark Tank Pitch Summary

Company name	Swoveralls
Product	Clothing
Episode	Season 10 Episode 20
Founder	Kyle Bergman
Asked for	$150,000 for 15% equity
Final deal	No deal
Sharks	–
Location	Washington Place (at Greene St.) New York City.

Comfort Finds Its Market

Following the episode, Swoveralls experienced a surge in interest, often referred to as the “Shark Tank Effect.” The company expanded its product line to include various colors, patterns, and even a short version called “Swovie Shorts.” Retail partnerships with Amazon and Target further increased visibility and sales.

In a 2022 interview, Bergman reflected on the experience:

“While a part of me wonders what could have happened if I made a deal… I’m happy with the way things have turned out.”

— Kyle Bergman, Medium Interview, 2022

By 2023, Swoveralls reported an annual revenue of approximately $4 million, a significant increase from its pre-Shark Tank days. The company’s commitment to sustainability and ethical manufacturing resonated with consumers, further solidifying its market position.

Swoveralls Net Worth 2025: A $5 Million Milestone

As of 2025, Swoveralls’ net worth is estimated at $5 million. This valuation reflects consistent growth, strategic partnerships, and a loyal customer base. The company’s success underscores the potential of niche products to capture significant market share when combined with effective branding and customer engagement.

Expanding the Comfort Empire

Swoveralls continues to innovate, with plans to introduce new product lines and expand into international markets. The company’s focus on customer feedback has led to improvements in sizing and fit, reducing return rates by 30% . Bergman’s active presence on social media and commitment to community engagement suggest a promising future for the brand.

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Swoveralls’ journey from a Shark Tank rejection to a multimillion-dollar enterprise exemplifies the power of perseverance and innovation in the face of adversity. Kyle Bergman’s commitment to comfort, sustainability, and customer satisfaction has transformed a simple idea into a thriving business.