NineteenTwenty, a convertible fashion brand founded by Ashley and Zach Sankar, aired on the 16th season of Shark Tank USA in 2024. The founders were seeking $250,000 for 10% equity for their business. However, they secured a deal with Robert Herjavec, which was $250,000 for 25% equity, valuing the company at $1 million. In this article, we will explore NineteenTwenty Net Worth in 2024, details of the Shark Tank pitch, and more.
NineteenTwenty Net Worth 2025 & Financial Overview
After the show aired, the company experienced significant sales, with an estimated growth rate of 10% per year. Based on the company’s growth rate and valuation after the Shark Tank show, NineteenTwenty’s net worth is estimated at $1.46 million in 2025.
| Annual Sales Revenue | $750,000 (2024) |
| Profits | $350,000 (2024) |
| Lifetime sales | $505,000 (When filming Shark Tank) |
NineteenTwenty Shark Tank Pitch
Ashley, a former U.S. Army Logistics Officer, entered Shark Tank with a clear goal for their company. Ashley and her husband, Zach, introduced NineteenTwenty, a brand focused on creating versatile, convertible clothing jackets. Their designs combine elegance with practicality, offering a fresh take on fashion.
In the tank, the founders asked $250,000 in exchange for a 10% stake in their company. They explained the unique features of their jackets to the Sharks. These jackets were far more than ordinary coats. They could transform into blankets and even convert into 40-pound tote bags. This made them incredibly useful, especially for frequent travelers.
The jackets offered multiple uses, making them practical and versatile. Travelers could use them as a pillow at the airport or as a blanket during an event. This creative idea of multi-functional clothing impressed the Sharks.
Ashley and Zach demonstrated how quickly and easily the jackets could be turned into different items. There, they highlighted that the jackets were perfect for people with busy lives.
In the tank, she also shared that they had been producing the jackets without external help. They promoted their brand using social media and funded the business independently, avoiding paid advertising. Moreover, the company sold products directly to customers and they had already become profitable.
Ashley and Zach projected sales of $750,000 for the year 2024 with an expected net profit of approximately $350,000. This caught the Sharks’ attention, leading to several questions. At that time, Robert asked about the cost of production and pricing. There, Ashley revealed that each jacket cost between $65 and $70 to make and sold for $298.
When Robert inquired about how they gained attention for their products, Ashley explained that their first viral video reached 66 million people, significantly boosting awareness of their product. Also, the company started selling in December 2022, earning $78,000 in revenue during the first month. Throughout 2023, they generated $269,000 in sales. Combining these figures, their total lifetime sales reached $505,000.
The company reinvests all profits into production and development, which limits it to four product launches each year due to cash flow constraints. Because of this, every product release sells out quickly.
However, the exact profit margins are unclear. But, Ashley initially estimated a profit of $97,000. After deducting $15,000 for shipping and other expenses, the actual profit was closer to $82,000.
Mark Cuban raised concerns about Ashley and Zach’s limited understanding of accounting and cash flow management, leading him to leave the negotiations. Guest Shark Daniel Lubetzky also decided not to invest, citing the intense competition in their industry. Kevin O’Leary worried that the duo might not be fully dedicated to their business but he offered $250,000 for 30% equity. He highlighted the challenges of acquiring customers as a key factor in his decision.
Robert Herjavec admired their teamwork and determination. He believed in their potential and offered $250,000 for 25% equity. Ashley and Zach countered with Robert Herjavec’s offer of $250,000 for 20% equity. However, Robert did not change and emphasized his confidence in their ability to build something successful together. Ultimately, Ashley and Zach agreed to Robert’s offer of $250,000 for 25% equity.
| Company Name | NineteenTwenty |
| Founders | Ashley and Zach Sankar |
| Business | Convertible fashion brand |
| Episode | Season 16, Episode 04 |
| Asked Deal | $250,000 for 10% equity |
| Final Deal | $250,000 for 25% equity |
| Shark | Robert Herjavec |
Summary of the Sharks’ Deal
| Shark | Offer | Counteroffer |
| Robert Herjavec | $250,000 for 25% equity (Accepted Deal) | $250,000 for 20% equity |
| Kevin O’Leary | $250,000 for 30% equity | No |
| Daniel Lubetzky | No | N/A |
| Mark Cuban | No | N/A |
| Lori Grinear | No | N/A |
What Happened to NineteenTwenty after Shark Tank?
As of January 2025, NineteenTwenty is still in business. After the episode aired, NineteenTwenty saw a massive spike in sales within just 12 hours, and thousands of visitors flooded their website. They offered Shark Tank viewers a 30% discount to take advantage of the attention.
They took steps to keep customers informed to handle the increased demand, including sharing estimated shipping times. Orders were scheduled for delivery between late November and early December. With Robert’s support, the company boosted production and resolved earlier supply issues. NineteenTwenty continues to focus on inclusivity and innovation by offering sizes ranging from S to 5X, ensuring their products meet the needs of a diverse audience.
NineteenTwenty also gained recognition by winning the “Most Innovative Award” at Grand Canyon University’s Canyon Ventures event. This award celebrated their convertible jacket as a groundbreaking idea. In early 2024, they hosted a pop-up event in New York City during Presidents’ Weekend, earning over $27,000 in sales. Encouraged by this success, they planned another pop-up event for November.
They hope to connect with an even larger audience by enhancing their social media presence. NineteenTwenty’s journey, from an idea to Shark Tank success, highlights their unique combination of style and practicality. They continue to innovate and redefine outerwear for modern consumers. Stay tuned for updates as NineteenTwenty transforms outerwear with every new design.
NineteenTwenty Founders
Ashley and Zach Sankar are the founders of NineteenTwenty, which started in December 2022. Ashley, a graduate of Auburn University, discovered her creative side when managing a hectic schedule became overwhelming. Frequently traveling and carrying multiple items for extended periods inspired her to create a practical solution.
2016 Ashley took a big step by filing for a patent to protect her innovative idea. After securing the patent, she decided to turn her vision into a reality. In 2018, while serving as a U.S. Army Logistics Officer at Fort Benning, Georgia, Ashley got the idea for NineteenTwenty Clothing, but it officially started in 2022.
In 2019, she worked as an inventory analyst at EY for three months. Also, from September 2019 to March 2020, she worked as a Forecast Analyst at Siemens. In June 2021, she returned to EY as a Senior Supply Chain and Operations Business Consultant. After spending 11 months at EY, Ashley moved to Amazon, where she worked as a Senior Program Manager.
Ashley grew up in a small town south of Atlanta, Georgia. Driven by her ambition to succeed, she managed her responsibilities as a business owner while continuing to push forward. Ashley was always the quirky, awkward girl who struggled to fit in.
Today, Ashley and her small team, which includes her husband, focus on creating innovative products that make life easier and more functional for their customers. Zach Sankar is her husband, currently working as COO for the company. Ashley and Zach Sankar’s net worth is unknown as of 2025.
Conclusion
Shark Tank is a TV show showcasing different business ideas, helping them succeed. NineteenTwenty was one of the ventures featured on the show. They made a deal with Robert Herjavec, showing that success is possible with the right idea and execution. Now, we eagerly await to see how their success story unfolds in the future.
