Rounderbum Shark Tank Net Worth
Rounder Bum is a premium line of underwear for men that enhances their special attributes. The company was founded by Jonathan Diersing in 2015 and has made over $1 million in sales from May 2015 to the time of recording, with $700,000 in the preceding year.
Rounder Bum’s estimated net worth was $1.5 million during its pitch on Shark Tank, but it increased to $3 million by the end of the show. As of 2022, RounderBum’s founders Jonathan Diersing have a net worth of 2.25 Million USD and the company’s current net worth is $3 million.
Rounder Bum offers underwear for men that make their bottom rounder using numerous technologies. The company’s main product is men’s padded underpants which are designed to enhance your figure and shape your buttocks in a very comfortable and natural way.
After appearing on Shark Tank, Rounder Bum’s sales skyrocketed to more than $2.5 million in annual revenue and earned a placement in the Top 5 on Amazon’s underwear list.
What is Rounderbum and How does it work?
Rounderbum is a brand that has developed a line of men’s underwear specifically designed for men who want to enhance their physical appearance.
The founder, Andrew Diersing, appeared on the TV show “Shark Tank” and requested a $150,000 investment in exchange for a 10% stake in the company.
He showcased the latest and most advanced technology in men’s shapewear, which includes cushioning, seamless and fusing production, and concealed bands of technology and compression that subtly enhance and define the muscles.
The main goal of Rounderbum is to help men feel and appear more confident and masculine. Andrew Diersing expected the company to generate $1 million in sales in 2018, and the company has already made over $1 million in sales since its launch in May 2015.
Their products are sold exclusively online, with a pair of briefs costing between $20 and $29, and a padded muscle shirt costing $49.
One of Rounderbum’s unique features is its Padded Technology, which uses concealed padding made of flexible polyurethane that adjusts to the wearer’s body shape. This padding is unnoticeable beneath clothing and gives the appearance of a more muscular and toned physique.
The company also employs compression and concealed bands of technology to elevate and define muscles in a subtle and undetectable way.
Overall, Rounderbum is a brand that offers innovative solutions for men who are looking to enhance their physical appearance, with cutting-edge technology and a meticulous manufacturing process that ensures their products are comfortable, durable, and effective.
Rounderbum after Shark Tank
After appearing on Shark Tank, Diersing presented his business idea of Rounderbum and was looking for an investment of $150,000 in return for a 10% stake in the company.
During the show, Robert Herjavec initially offered to invest the desired amount, but Kevin O’Leary criticized his offer as “greedy and vicious.”
O’Leary then presented his own proposal, offering to invest $150,000 in exchange for a 5% share in the company, along with $300,000 in royalty payments at a rate of $2 per unit sold. Diersing ultimately accepted O’Leary’s offer.
Rounderbum Net Worth
Jonathan pitched Rounderbum on Shark Tank Show while seeking a $150,000 investment in exchange for 10% of his company.
That means the company had an estimated valuation of 1.5 million net worth.
The company has since grown and expanded. As of 2021, the net worth of the Rounderbum business should be in the tens of millions of dollar valuation.
Rounderbum Shark Tank Updates
Rounderbum is a clothing line that features fitted shirts and padded underwear exclusively for men.
The company was founded by Jonathan Diersing in 2015 under a manufacturing and licensing arrangement with Rounderwear, a major Mexican underwear manufacturer that has other major brands under its umbrella.
The product is designed to make men feel and look their best by enhancing their features, making their bums appear round and curvy using straps and compression, and lifting the front of men’s bodies to produce a fuller look.
Rounderbum appeared on Shark Tank in 2018, seeking an investment of $150,000 for 10% equity. Jonathan Diersing told the sharks that Rounderbum had only been running for a short while and had already reached $1 million in gross revenue. Almost all of the company’s sales come from the United States.
The sharks were impressed by Jonathan’s sales projection, as they were only expected to do a million in sales. Kevin O’Leary made an offer of $150,000 for 5% equity plus a $2 dollar royalty until 2x is returned, which Jonathan accepted.
As of May 2022, Rounderbum continues to do well and has raised over 3 million USD in yearly income.
Appearing on Shark Tank has played a part in the business increased sales, as many people quickly became interested in the product after the show aired. However, there are no recent updates on Rounderbum’s progress on Shark Tank since its appearance in 2018.
Rounderbum Shark Tank Summary:
| INFORMATION | DETAIL |
| Founder | Jonathan Diersing |
| Year Founded | 2015 |
| Product | Men’s padded underpants to enhance buttocks |
| Sales (May 2015 – Shark Tank) | $1 million |
| Sales (preceding year) | $700,000 |
| Valuation on Shark Tank | $1.5 million |
| Current Net Worth | $3 million (Company) |
| Founders’ Net Worth | $2.25 Million USD (Jonathan Diersing) |
| Sales (after Shark Tank) | More than $2.5 million in annual revenue |
| Top 5 Placement | Amazon’s underwear list |
| Investment on Shark Tank | $150,000 for 5% equity plus a $2 dollar royalty |
| Yearly Income (May 2022) | Over 3 million USD |
Rounderbum is a premium line of men’s underwear founded in 2015 by Jonathan Diersing. Their main product is men’s padded underpants designed to enhance the buttocks. The company made over $1 million in sales from May 2015 to the time of their Shark Tank appearance, with $700,000 in the preceding year. Their estimated net worth was $1.5 million during their pitch on Shark Tank, which increased to $3 million by the end of the show. As of 2022, Rounderbum’s current net worth is $3 million, and Jonathan Diersing has a net worth of $2.25 million USD. After appearing on Shark Tank, Rounderbum’s sales skyrocketed to more than $2.5 million in annual revenue, and the company earned a placement in the Top 5 on Amazon’s underwear list. Kevin O’Leary invested $150,000 for 5% equity plus a $2 dollar royalty, and as of May 2022, Rounderbum has raised over 3 million USD in yearly income.
Rounderbum FAQS
What Exactly Is Rounderbum, Founder, and How Does It Work?
Rounderbum is a men’s shapewear company that creates body-enhancing underwear for men who want to look more attractive and athletic. The company was founded in 2015 by Jonathan Diersing, who is also the CEO.
Rounderbum uses innovative technology in its shapewear, including patented designed padding and seamless and fusing manufacturing.
The company’s signature hidden padding is made of flexible polyurethane that conforms to every body shape, and other technologies utilize hidden bands of technology and compression that lift and define the muscles with a subtle and natural effect.
Rounderbum has made over $1 million in sales from May 2015 to the time of recording, with $700,000 in the preceding year. The company’s estimated net worth was $1.5 million during its pitch on Shark Tank, but it increased to $3 million by the end of the show.
Rounderbum has one investor and four employees. The company’s products are sold on its website and in select retail stores.
What Is The Technology Behind Rounderbum?
Rounderbum is a brand of padded underwear and shirts for men that is designed to make men feel and look their best.
The product uses patented manufacturing technology to create cutting-edge padding that is undetectable under clothing. The padding gives more gluteal volume and definition, adapting perfectly to every body shape.
The technology behind Rounderbum’s padded underwear and shirts is designed to create a “lifting effect” thanks to hidden bands technology. The padding is also removable.
How Does Rounderbum Compare To Other Men’s Shapewear Brands?
Rounderbum is a men’s shapewear brand that uses innovative technology to enhance the shape of men’s bodies. The brand offers padded briefs that give more volume and lift to the buttocks, helping pants fit better.
Rounderbum uses patented designed padding and seamless and fusing manufacturing to create its shapewear.
The brand’s padded removable foams are more discreet and natural than silicone, which is commonly used in shapewear. The foam is tender and enhances the shape of the body while remaining undetectable under clothing.
Rounderbum is one of the most innovative brands in men’s shapewear. The brand’s technology fuses innovative features with comfortable materials to create shapewear that enhances the shape of the body while remaining undetectable under clothing.
Rounderbum’s shapewear is ideal for men searching for an image and confidence-boosting underwear.
It is difficult to compare Rounderbum to other men’s shapewear brands without more information about those brands. However, Rounderbum’s use of innovative technology and comfortable materials sets it apart from other shapewear brands.
The brand’s focus on enhancing the shape of men’s bodies while remaining undetectable under clothing is unique and appealing to men who want to look more attractive and athletic.
What Happened To Rounderbum After Shark Tank?
Rounderbum is a clothing line that features fitted shirts and padded underwear exclusively for men.
It was founded by Jonathan Diersing in 2015 with a partnering company called Rounderwear, which was in charge of manufacturing the products.
The company was featured on Season 9 Episode 18 of Shark Tank, and Diersing made a deal with Kevin O’Leary for $150k for a 5% stake in the company.
Despite the closure of its West Hollywood flagship store in 2021, Rounderbum continues to do well and has raised over $3 million in yearly income as of May 2022.
Appearing on Shark Tank has played a part in the business increased sales, as many people quickly became interested in the product after the show. As of 2022, RounderBum’s founders Jonathan Diersing have a net worth of $ 2.25 Million.
In summary, Rounderbum has continued to thrive after appearing on Shark Tank, with increased sales and a net worth of $ 2.25 Million for its founders. Despite the closure of its West Hollywood flagship store, the company continues to sell its products online and through other retailers.
What Is The Current Valuation Of Rounderbum?
Rounderbum is a men’s shapewear company that sells men’s underwear and accessories. The company was founded by Jonathan Diersing in 2015 and has made over $1 million in sales from May 2015 to the time of recording, with $700,000 in the preceding year.
Rounderbum’s estimated net worth was $1.5 million during its pitch on Shark Tank, but it increased to $3 million by the end of the show. As of 2022, RounderBum’s founders Jonathan Diersing have a net worth of $2.25 Million.
Rounderbum’s latest deal type was an angel investment of $150K from one investor. The company has fewer than 25 employees and is based in California.
Rounderbum’s revenue in 2022 and 2023 ranges between $100K, calculated on a gross merchandise value basis. However, there is no information available on the current valuation of Rounderbum.
What was the deal?
Jonathan Diersing of Hollywood, California, the inventor of RounderBum, pitched his successful retail firm on Shark Tank in January 2018.
Diersing received two offers: one from Robert Herjavec ($150k for 20%) and another from Kevin O’Leary ($150k for 5% + $2 for each unit sold until they reached $300,000).
He accepted Kevin’s offer.
What is Jonathan’s elevator pitch?
He goes on to say that it’s a body sculpting technology that’s “redefining the underwear business.
He explained that they provide several underwear technologies, all of which let the wearer “feel beautiful before going out the front door.
He said that, in addition to typical compression shapewear, they go one step further to enhance the shape of your body from head to toe in places that you desire the most.
Where can you buy Rounderbum?
The product can be bought at Amazon and the company website.
What are people saying about it?
The padded trunks now have a four-star rating on Amazon, with over a dozen reviews.
When was RounderBum featured on the shark tank?
In Shark Tank episode 917, Jonathan Diersing seeks an investor for RounderBum, a line of underwear designed to “improve male attributes.”
How much does a pair of underpants cost?
A pair of underpants will set you back $25.
What was the deal with Rounderbum?
And although the sharks were first skeptical of Rounderbum’s concept, they were eventually persuaded by the company’s good 2017 sales statistics of about $1 million and equally solid profit margins of about 30 percent.
He accepted Kevin’s offers of $150,000 with a $2 royalty until $300,000 is recouped in exchange for a 5% stake in the company.
What are Rounderbum’s products?
Rounderbum’s main product is men’s padded underpants. It is a brand of men’s muscle shirts and padded underwear.
What was the effect of Rounderbum appearing on Shark Tank?
Many brands often face the significant “Shark Tank” effect, which is an increase in sales as a result of Shark Tank’s inherent marketing, and Rounderbum does too – after appearing on Shark Tank, Rounderbum’s Amazon sales surged by 1000 percent.
Where is Rounderbum located?
Rounderbum was in the process of building a new flagship shop in West Hollywood, as Diersing revealed in the episode.
