Shark Tank Matador Meggings, a men’s leggings brand founded by Valentine Aseyo, entered Shark Tank USA in 2023 on Season 15. The founder was seeking $250,000 for 10% equity for their business. Unfortunately, he couldn’t secure a deal with Sharks. In this article, we will explore Matador Meggings’s net worth in 2024, its Shark Tank pitch summary and more.
Matador Meggings Net Worth
As of March 2024, Matador Meggings’s estimated net worth is $2 million, and their annual revenue was $1 million in 2023.
| Net worth | $2 million *estimated |
| Annual Sales Revenue | $1 million (In 2023) |
| Profits | Not Available |
| Lifetime sales | $2.4 million *estimated |
| Employees | 5 employees |
Matador Meggings Net Worth Timeline
| Net Worth 2024 | $2 million |
| Net Worth 2023 | $2.5 million (Business Valuation) |
Shark Tank Matador Meggings Update from Season 15
Matador Meggings emerged with a mission to revolutionize leggings for men, focusing on tailoring them to fit the male physique. Inspired by the snug pants Spanish matadors wore, the brand introduced a line of high-performance meggings with practical features. These features include a crotch cup for support, pockets for storage, a drawstring for fit, and sweat-wicking fabric for comfort.
By May 2023, total sales reached $2 million, with a significant portion sold directly to consumers. In its initial year, the business generated $365,000 in sales, which increased to $800,000 in the second year. By 2022, sales slightly decreased to $620,000. The production cost per Meggings is $18, while they retail for $92.
In 2023, sales reached $200,000, with 97% of total sales occurring directly to consumers.
However, the founder is seeking $250K for 10% equity, valuing at $2.5 million, showcasing the brand’s impressive sales figures. Despite the brand’s success, none of the Sharks invested in Matador Meggings.
| Company Name | Matador Meggings |
| Founder | Valentine Aseyo |
| Business | This brand is renowned for its cutting-edge athletic wear, particularly its men’s leggings tailored specifically for the male physique |
| Episode | Season 15 Episode 02 |
| Asked Deal | $250,000 for 10% equity |
| Final Deal | No Deal |
| Sharks | No Sharks |
| Business Status | In Business |
| Company Website | Visit Website |
| Headquarter | Randolph, New Jersey, United States |
What Happened to Matador Meggings after Shark Tank?
Matador Meggings is still in business in the men’s athleisure market as of March 2024. After the Shark Tank show, the brand’s success with its commitment to comfortable, stylish, and functional leggings for men resonated with consumers. Recently, the brand launched reverse blue camo leggings priced at $91.90, broadening its product range. You can purchase your own Matador Meggings and more through their website.
Matador Meggings Founder
Valentine Aseyo is the founder of Matador Meggings. The company started in 2019. Valentine Aseyo worked for Facebook’s marketing department for seven years. Also, he worked in many companies like IBM and Bandsintown and got a lot of experience in product development, advertising, marketing, and sales.
He holds a management degree from Boston University, and Valentine Aseyo’s net worth is unknown as of March 2024.
Matador Meggings Achievements and Awards
| Year | Achievements and Awards |
| 2021 | The company won the Best of Bulls Award Winner |
| 2023 | The company was featured on Shark Tank Season 15 |
Conclusion
Shark Tank is a TV show showcasing different business ideas, helping them succeed. Matador Meggings was one of the company featured on the show. Despite losing the deal, the company showed that success is possible with the right idea and execution. Now, we eagerly await to see how their success story unfolds in the future.
Before you leave, check out the other company updates in Season 15, Episode 02.
