Thompson Tee is an underarm sweat-proof tee-shirt brand. This business was started by Billy Thompson and Randy Choi in 2011. As of November 2023, Thompson Tee’s net worth is $30 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. As of November 2023, 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 million (2023) |
| Annual Sales Revenue | $10 million (2022) |
| Profits | – |
| Lifetime sales | $2.6 million (2016) |
| Investor | Robert Herjavec |
| Founders | Billy Thompson and Randy Choi |
| Employees | <25 |
Thompson Tee Net Worth Timeline
| Net Worth 2023 | $30 million |
| Net Worth 2022 | $30 million |
| Net Worth 2021 | $10 million |
| Net Worth 2020 | $5 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 name | Thompson Tee |
| Product | An underarm sweat-proof tee-shirt brand |
| Episode | Season 08 Episode 23 |
| Founders | Billy Thompson and Randy Choi |
| Asked for | $700,000 for 7% equity |
| Final deal | $700,000 for 25% equity |
| Shark | Robert Herjavec |
| Location | Las Vegas, Nevada |
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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 2023.
Key accomplishments
| Year | Accomplishment |
| 2014 | Thompson Tee earned a patent from the U.S. Patent and Trademark Office. |
| 2017 | Thompson 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.