Bermies Net Worth 2021 – What Happened After Shark Tank
One of the most memorable episodes of Shark Tank was the pitch conducted by Uki Deane, who presented his stylish range of swim trunks, Bermies.
The young entrepreneur was 27 years old at the time of the visit to Shark Tank, and showed a level of excitement that was hard for some of the Sharks to cope with.
Many have wondered how Bermies is doing today with it’s estimated net worth of over $1 million, and to see whether or not Uki got the investment he was looking for.
Let’s follow up on Uki Deane and Bermies and see how they are faring today.
Shark Opinions on Uki Deane
Uki brought a very popular range of swimwear in front of the Sharks, and even sported one pair, doing his entire pitch without a shirt.
He was loud, talkative and hardly allowed any of the Sharks to talk without interruption.
He wanted $200k for a 20% stake in his company, and was more than willing to fight for the deal he had come for.
As much as the Sharks were entertained by the entrepreneur, one by one they declared themselves out due to Uki’s lack of experience and his unwise management of cashflow.
Despite arguing all the points brought up by the Sharks, Uki walked away without an investment, and was forced to brave the swimwear market without the backing of an investor.
But Uki walked away in good spirits despite his apparent frustration at not having enough capital to produce, market and distribute his swimwear. Let’s see how the young entrepreneur has done since the encounter.
Bermies Net Worth 2021
According to Dynaton, Bermies has become a raging success since the show aired in 2017. Bermies is boasting a net worth of $51.7 billion to date, and shows no signs of slowing down in any of the countries these swim trunks are sold in.
Much of the success is due to the exposure Uki received on Shark Tank, and also because of the unique style of his products. The high energy youngster is now a multi-millionaire, and he has done it all without the help of the Shark Tank investors.
Uki’s Marketing Success
Uki not only managed to distribute his swimwear across the globe, but he has also developed a highly successful social marketing culture, using platforms such as Instagram and Facebook to create awareness of Bermies swim trunks.
In fact, Bermies is listed as one of the most successful companies rejected on Shark Tank, which has likely caused the Sharks to regret their respective decisions to not invest. As ‘all over the place’ as young Uki was, he was more investable than the Sharks had thought, so none of them are benefitting from his success today.
We have to give props to Uki Deane, who accepted the rejection gracefully and went out to make a success of his business despite not receiving the help he had asked for.
We can safely conclude that the Sharks don’t always know a good investment when they see one, and this is a perfect example.