in , ,

Thompson Tee Net Worth 2024 Update (Before & After Shark Tank)

Thompson Tee is an underarm sweat-proof tee-shirt brand. This business was started by Billy Thompson and Randy Choi in 2011. As of April 2024, Thompson Tee’s net worth is $30.1 million. They’re pulling in a whopping $10 million in annual revenue. 

In 2017, they appeared on Season 08 of Shark Tank USA and made a deal with Robert Herjavec for $700,000 for 25% of equity. The final valuation was $2.8 million, down from the founder’s initial estimate of $10 million.

After its appearance on the Shark Tank, Thompson Tee witnessed significant growth in business. Thompson Tee is active in the market and offers a variety of sweat-free tee-shirt designs for all gneders. You can make purchases via the company website, and Amazon.

Thompson Tee Net Worth

Net worth$30.1 million (2024)
Annual Sales Revenue$10 million (2023)
Profits
Lifetime sales$2.6 million (2016)
InvestorRobert Herjavec
FoundersBilly Thompson and Randy Choi
Employees<25

Thompson Tee Net Worth Timeline

Net Worth 2024$30.1 million
Net Worth 2023$30 million
Net Worth 2022$30 million
Net worth valuation in 2017 after appearing on Shark Tank  $2.8 million
Net worth valuation in 2017 before appearing on Shark Tank  $10 million

Thompson Tee Pitch on Shark Tank

Company nameThompson Tee
ProductAn underarm sweat-proof tee-shirt brand
EpisodeSeason 08 Episode 23
FoundersBilly Thompson and Randy Choi
Asked for$700,000 for 7% equity
Final deal$700,000 for 25% equity
SharkRobert Herjavec
LocationLas Vegas, Nevada 

Don’t miss these products from Season 8

Thompson Tee Founders

Billy Thompson and Randy Choi founded Thompson Tee in 2011. After completing his master’s degree in Marketing, Billy explored multiple career ventures in the Marketing and Sales industries. He has been serving as the President of Thompson Tee for 12 years. Randy is Billy’s business partner and the co-founder of Thompson Tee. Randy holds a degree in International Business and Marketing. Thompson Tee’s founders, Billy Thompson and Randy Choi’s net worths are unknown as of 2024. However according to the deal of the Shark Tank pitch, they had 75% equity in the company. One of the main worth of Billy Thompson and Randy Choi is Thompson Tee. Therefore they should have more than $2.1 million net worth as of 2024.

Key accomplishments

YearAccomplishment
2014Thompson Tee earned a patent from the U.S. Patent and Trademark Office. 
2017Thompson Tee got featured on Shark Tank and secured a deal.

Conclusion

From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Thompson Tee and its continued success.

What do you think?

Written by GAG Team

PDX-Pet-Design-Shark-Tank-US-Net-worth-Update

PDX Pet Design Net Worth 2024 Update (Before & After Shark Tank)

Wallet Buckle Net Worth 2023 Update (Before & After Shark Tank)