David Smith
The post discusses Spergo Net Worth in 2024. It talks about the journey of this streetwear brand and how it achieved immense success in a short time.
Highlights –
- Spergo is an American-based streetwear & lifestyle company.
- It was started by Trey Brown at the age of 15.
- Now, Spergo net worth has gone beyond the calculation of 2 million dollars.
About Spergo
Spergo is a notable lifestyle and streetwear brand. It was started by a 15-year-old teenager named Trey Brown who is now the CEO of Spergo.
Spergo has been running since 2018. Surprisingly, there are several achievements to the credit of this company. The headquarters of this lifestyle brand is in Philadelphia. This is a trendsetting brand in the category of streetwear items.
Spergo Net Worth and Success Story
Trey Brown always wanted to create a clothing brand that looked stylish and could inspire the youth. Within 36 months of beginning, the Spergo brand sold more than 30,000 units of diverse merchandise.
The initial gross sales were over 200,000 dollars. Even celebrities can be often seen flaunting the stuff from Spergo.
It is usually seen that the clothing segment is very competitive. But still Spergo net worth has reached an inspiring sum of 2 million dollars.
The Journey of Trey Brown
When Trey was just 12, he saved his birthday money to purchase 16 t-shirts. Then he sold this apparel and reinvested the money to buy more stuff. That’s how the journey of his venture started. He established the Spergo clothing line in the year 2018.
Trey’s mother is Sherell Peterson. She has always supported her son in his entrepreneurial journey.
Trey made around 40,000 dollars by the end of 2018. Then he got a funding of 25,000 dollars from P. Diddy in 2020. He opened a physical store and the Spergo brand made 745,000 dollars by the end of the year.
Spergo’s Proposal on Shark Tank
Spergo’s business grew very rapidly and Trey and his mother applied to Shark Tank. They were seen in the 13th season of this TV series. Their demand was 300,000 dollars for 10% equity in the company.
Finally, Daymond John agreed to provide the same amount of money for a 20% return.
Once the episode went on air, more than 1000 orders poured in. This was a 2000% increase in sales through the online platform.
Spergo also received a grant worth 200,000 dollars from the Philadelphia 76ers.
Spergo Net Worth in 2024
| Year | Spergo Net Worth in Dollars |
| 2024 | 2 million |
Information About Spergo
| Company’s Name | Spergo |
| Founder and CEO | Trey Brown |
| Co-Founder | Sherell Peterson (She is the mother of Trey) |
| Headquarters of the Company | Philadelphia, USA |
| Type of Company | Streetwear and lifestyle brand |
| Founding year | 2018 |
| Valuation | More than 2 million dollars |
| Seen On | Shark Tank Season 13 |
| Funded By | Spergo got funding from Daymond John (300,000 dollars for a 20% stake)
A grant worth 200,000 dollars from the Philadelphia 76ers
It also got funding worth 25,000 dollars from P. Diddy in 2020 |
Spergo Net Worth Conclusion
The journey of Spergo as a brand has been very inspiring. It shows the entrepreneurial spirit of Trey Brown who started this venture at the young age of 15 years. Now, Spergo net worth is estimated to be greater than 2 million dollars. This company got a lot of publicity after Shark Tank and the orders just flooded. Looking at the growing popularity of this brand it can be said that its valuation will multiply in the future. For more precise news on finance make sure to access Financereview.Org.
GIPHY App Key not set. Please check settings