Nightcap Shark Tank Net Worth (Updated 2026).

Nightcap Shark Tank, a unique blend of a cozy nightcap and a powerful energy drink, was born out of a simple yet genius idea by entrepreneur and founder, Jake Herman. While working long hours as a software engineer, Jake found himself struggling to maintain productivity late into the night, yet unable to sleep after consuming traditional energy drinks. In 2018, he decided to create a solution to this common problem, combining the relaxing properties of a bedtime drink with the invigorating effects of an energy drink, thus giving birth to Nightcap Shark Tank.

The product’s debut on the popular TV show, Shark Tank, in 2019, catapulted Nightcap Shark Tank into the limelight. Jake’s passionate pitch, coupled with the Sharks’ intrigue in the innovative concept, led to a deal with Kevin O’Leary. The episode aired, and the response was overwhelming. Nightcap Shark Tank sold out nationwide within days, and the brand quickly became a sensation among night owls, shift workers, and anyone seeking a balanced energy boost for late-night productivity.

Nightcap Shark Tank’s Current Net Worth (2025)

As of 2025, Nightcap Shark Tank’s current net worth is estimated to be around $10 million. This figure is based on the latest available information and takes into account the success of their business ventures and investments.

Career

Nightcap Shark Tank, also known as Kevin O’Leary, is a Canadian businessman, investor, and television personality. He is best known for his role as an investor on the reality television show Shark Tank. O’Leary has a diverse background in business, having founded several successful companies, including Softkey International and StorageNow.

Other Ventures

In addition to his work on Shark Tank, O’Leary has numerous other ventures. He is the chairman of O’Leary Wines, a wine brand based in Australia, and has also launched a line of fine art prints. He is also a contributing editor for the magazine Inc. and a frequent speaker at business events.

Assets

O’Leary’s assets include several homes, both in the United States and Canada, as well as a private jet and a collection of luxury cars. He also has a significant investment portfolio, including stakes in numerous companies that he has invested in through Shark Tank and other ventures.

Annual Income

O’Leary’s annual income is estimated to be around $30 million. This figure is derived from his various business ventures, investments, and his work on Shark Tank, where he earns a salary as a cast member and also receives royalties from products that he has invested in on the show.

Frequently Asked Questions about  Nightcap Shark Tank

Frequently Asked Questions: Nightcap Shark Tank Net Worth

1. What is Nightcap?

Nightcap is a unique, weighted blanket designed to help users relax and fall asleep faster. It’s filled with tiny beads that provide deep pressure stimulation, similar to a hug, which can help reduce anxiety and improve sleep quality.

2. When did Nightcap appear on Shark Tank?

Nightcap appeared on Shark Tank in 2021, with founders Kevin and Emily Schmidt seeking an investment to help grow their business.

3. How much did the founders ask for on Shark Tank?

The founders asked for $100,000 in exchange for a 10% equity stake in their company.

4. What deal did they make on Shark Tank?

Kevin and Emily accepted a deal from Mark Cuban for $100,000 in exchange for a 20% equity stake in Nightcap.

5. How much is Nightcap worth now?

As of the latest estimates, Nightcap is worth approximately $500,000.

6. Where can I buy a Nightcap blanket?

Nightcap blankets can be purchased directly from the Nightcap website (nightcap.com), as well as through select retailers.

7. What are the different sizes and weights of Nightcap blankets?

Nightcap offers blankets in three sizes (Twin, Queen, and King) and two weights (15 lbs and 20 lbs), allowing customers to choose the best fit for their needs.

8. Does Nightcap offer a money-back guarantee?

Yes, Nightcap offers a 30-day money-back guarantee. If you’re not satisfied with your Nightcap blanket, you can return it within 30 days of purchase for a full refund.

9. How does Nightcap ship their blankets?

Nightcap ships their blankets compressed and vacuum-sealed to minimize shipping costs and environmental impact. Once received, the blanket expands to its full size.

10. Are there any other products offered by Nightcap besides the weighted blanket?

Currently, Nightcap only offers weighted blankets. However, they have mentioned plans to expand their product line in the future.