Wingman Shark Tank Net Worth (Before and After Shark Tank)

The Wingman Life Jacket, created by Mike Fox and Pat Hughes in 2008, has a net worth of $1 million as of November 2023. The company generates an impressive $1.5 million in annual revenue. Despite not securing a deal on Shark Tank, The Wingman Life Jacket continues to operate and make changes to their product and pricing. As of 2023, they have no investors and the profits and lifetime sales are not publicly available. The founders, Mike Fox and Pat Hughes, have a net worth of $1 million.

Key Takeaways:

• The Wingman Life Jacket has a net worth of $1 million.
• The company generates $1.5 million in annual revenue.
• The founders, Mike Fox and Pat Hughes, have a net worth of $1 million.
• The Wingman Life Jacket did not secure a deal on Shark Tank.
• The Wingman Life Jacket continues to operate and make changes to their product and pricing.

The Wingman Life Jacket Pitch on Shark Tank

The Wingman Life Jacket made its highly anticipated appearance on season 9, episode 19 of the popular television show, Shark Tank. Co-founders Mike Fox and Pat Hughes stepped into the tank to pitch their innovative life jacket product to the renowned panel of investors known as the Sharks. With a compelling pitch and high hopes, they sought a $200,000 investment in exchange for 12.5% equity in their company.

The Wingman Life Jacket pitch intrigued the Sharks with its promise of revolutionizing water safety and becoming a game-changer in the industry. However, despite their enthusiasm, none of the Sharks were convinced to invest in the company. The panel expressed concerns about the niche market for life jackets and the existing competition in the industry. While they recognized the potential of the Wingman Life Jacket, they ultimately decided not to make an offer.

This episode of Shark Tank showcased the challenges of securing investment for a product in a specialized market. Nevertheless, the exposure on the show provided valuable publicity for The Wingman Life Jacket. Although they did not secure investors on Shark Tank, Mike Fox and Pat Hughes remained determined and continued to innovate their product offering and business model.

Wingman Life Jacket Pitch on Shark Tank	Investors	Episode	Outcome
The Wingman Life Jacket	No investors secured	Season 9, Episode 19	No deal made on Shark Tank

The Wingman Life Jacket’s appearance on Shark Tank not only showcased the founders’ determination and passion but also highlighted the challenges of attracting investment in a competitive market. Despite the outcome on the show, Mike Fox and Pat Hughes remained committed to their vision and continued to evolve their business, exploring new opportunities to reach their target audience and grow their brand.

The Wingman Life Jacket Founders and Key Accomplishments

The Wingman Life Jacket was founded by lifelong friends Mike Fox and Pat Hughes in 2008. Both hailing from Milwaukee, Wisconsin, Fox and Hughes share a deep passion for water sports that dates back to their childhood. Inspired by the tragic drowning of a triathlete during Hughes’ first triathlon in 2012, the duo set out to create the lightest and most customizable life jacket ever seen – The Wingman Life Jacket.

Since its inception, The Wingman Life Jacket has achieved remarkable success and recognition. In addition to appearing on the ninth season of Shark Tank, the product has been featured in renowned publications such as The New York Times Magazine and Men’s Health Magazine. This exposure has helped solidify The Wingman Life Jacket’s reputation as a top-tier water safety product.

With their unwavering commitment to innovation and water safety, Mike Fox and Pat Hughes have established themselves as key players in the industry. Their relentless pursuit of a safer and more enjoyable water sports experience has propelled The Wingman Life Jacket to great heights. As the company continues to expand its product offerings to include apparel and hydration bladders, the founders remain focused on providing the highest quality gear to water enthusiasts around the world.

Key Accomplishments:

• Founded The Wingman Life Jacket in 2008
• Featured on Shark Tank Season 9
• Received recognition from The New York Times Magazine and Men’s Health Magazine
• Pioneered lightweight and customizable life jackets
• Continuously expanding product offerings to cater to water sports enthusiasts

Year	Accomplishment
2008	Founded The Wingman Life Jacket
2012	Inspired by a tragic drowning incident to create a safer life jacket
2018	Featured on Shark Tank Season 9
2021	Received recognition from The New York Times Magazine and Men’s Health Magazine
Ongoing	Expanding product offerings to include apparel and hydration bladders

Conclusion

Despite not securing a deal on Shark Tank, The Wingman Life Jacket has defied the odds and achieved remarkable success. Their net worth stands at an impressive $1 million, and they continue to generate annual sales of $1.5 million. The Wingman Life Jacket has proven that entrepreneurial triumph can be attained even without the backing of investors.

With a steadfast commitment to improving water safety, the founders, Mike Fox and Pat Hughes, have demonstrated their dedication to their mission. The Wingman Life Jacket remains an in-demand product, available for purchase on their official website. Not content to rest on their laurels, they have expanded their product offerings to include apparel and hydration bladders, catering further to the needs of their customers.

Since its appearance on Shark Tank season 9, The Wingman Life Jacket has solidified its position as a trusted brand, gaining recognition from notable publications such as The New York Times Magazine and Men’s Health Magazine. This acknowledgment speaks volumes about the quality and innovation embedded in their product.

The Wingman Life Jacket’s ongoing success is a testament to the resilience and determination of its founders. With their unwavering passion and commitment, they have created a product that not only enhances water safety but also instills confidence in water sports enthusiasts. As they continue to evolve and thrive, The Wingman Life Jacket is set to make an indelible mark on the industry, paving the way for a safer and more enjoyable water adventure for all.