Scott Jordan Net Worth Forbes 2024: Age, Wife, Shark Tank, & TEC
Scott Jordon is a renowned entrepreneur, lawyer, and author. He is widely recognized as the CEO of SCOTTeVEST, a popular brand known for manufacturing travel clothing. He became a successful entrepreneur due to his innovative approach to fashion and technology.
As of 2024, Scott Jordan net worth is estimated around $60-65 million. He amassed this wealth from multiple sources including his clothing brand, smart investments and other diversified sources.
This article highlights how he accumulated his wealth and what challenges he faced in achieving his current financial standings.
Biographical Information of Scott Jordan
The biographical details of Scott Jordan are given in the table below:
| Category | Details |
| Full Name | Scott Jordan |
| Date of Birth | June 6, 1960 |
| Place of Birth | Cincinnati, Ohio, USA |
| Age | 64 |
| Height | 5 feet, 7 inches |
| Weight | 70 Kg |
| Spouse | Laura |
| Children | Two |
| Education | University of Cincinnati (Economics), Case Western Reserve University (Law) |
| Occupation | Entrepreneur, Lawyer, Author |
| Sources of Income | Entrepreneur, Author |
| Known For | Founder of SCOTTeVEST |
| Net Worth (2024) | $60–65 million |
| Residence | Ketchum, Idaho |
Early Life and Education
Scott Jordan was born on June 6, 1960, in Cincinnati, Ohio. From a very young age, he showed up as an ambitious man taking a deep interest in problem-solving. He attended the University of Cincinnati, where he received a degree in economics. Later, he went to Case Western Reserve University School of Law, where he earned a degree in Law.
Despite having foundations in Law, Jordan’s passion for technology and innovation guided him towards establishing a distinct business model. This business model is a fusion of both fashion and technology.
Beginning a Career as a Lawyer
After pursuing a degree in Law, he started his career as a corporate attorney. He served as a lawyer for several years, but he was not content with his job, as it did not satisfy his innovative spirit.Jordan had a keen interest in business and technology, which is why he wanted to launch his own business. Eventually, his desire led him to entrepreneurship.
The Foundation of SCOTTeVEST
Jordan took a courageous step in 2000 and established SCOTTeVEST. Jordan launched this tech-friendly clothing brand to provide modern solutions for carrying various accessories. The idea of inaugurating this business firm came into existence due to the lack of practical clothing options for tech lovers.
SCOTTeVEST designs vests, jackets and pants with hidden pockets. These multi-pocket productions allow individuals to keep their phones, tablets and other gadgets without needing to carry a bag.
Jordan’s innovative designs were highly praised by travellers and tech enthusiasts, contributing huge sums to his net worth.
Initial Struggles and Success
SCOTTeVEST faced many challenges in its early stages, as many startups do face. It was not easy to persuade people to buy tech-enabled clothing. Regardless of this, Jordain remained determined and eventually, he became successful in making big sales.
The appearance of this brand in major publications further boosted its popularity, building a strong brand reputation.
The Shark Tank Experience
In 2012, Scott Jordan appeared in the popular show Shark Tank, which was the biggest moment in the spotlight. He wanted to further expand his company. However, he refused the $1 million offer for 15% shares in his company.
The deal with Shark did not happen, but his appearance in the show let people know about SCOTTeVEST. It was a wise decision to reject the deal as his business continued to grow without requiring any external investment.
Major Income Sources
Scott Jordan’s net worth comes from various sources including:
1. SCOTTeVEST
Scott Jordan net worth primarily stems from SCOTTeVEST. People love and buy his tech designs on a large scale, contributing majorly to his wealth.
2. Book Publishing
Jordan also wrote a book named Pocket Man. In this book, he discussed his entrepreneurial journey and provided useful insights into growing a successful business. This book has been well-appreciated by the public, adding huge income to his net worth.
3. Real Estate Investments
Besides his entrepreneurial business, Jordan has also made investments in real estate. He owns a luxurious property in Ketchum, Idaho. He is persistently investing in new projects, boosting his net worth.
Overcoming Business Challenges
The pandemic of Covid-19 put almost every business in loss. SCOTTeVEST also faced these hardships. This resulted in reduced sales, as people rarely went out to buy things. Regardless of these challenges, Scott Jordan managed to succeed against diversity.
He implemented flexible and cost-saving strategies to tackle fluctuating market situations. After the pandemic, SCOTTeVEST not only recovered but also thrived, launching new products in the market. He achieved this milestone through his tenacity and strong leadership skills.
Philanthropy
Scott Jordan has been seen investing magnanimously in philanthropy. He shows dedicated support to various charitable organisations, working to uplift education and animal welfare projects. He wholeheartedly invests in initiatives that protect animals’ rights.
Besides this, he contributes significantly to educational programs, promoting entrepreneurship and innovation among young people. His philanthropic contributions reflect that wealth should also be invested for a positive cause.
Scott Jordan Social Media Presence
Scott Jordan persistently uses social media platforms to promote his clothing brand, SCOTTeVEST. He regularly engages with his followers and shares insights on entrepreneurship.
His strong social media presence keeps his brand visible, allowing direct interaction with customers and novice entrepreneurs. His social media details are given below:
| Platform | Username | Followers |
| @Scottevest | 20.8k | |
| @Scottevest | 19.5k | |
| Scott Jordan | 2k+ connections | |
| N/A | N/A |
Future Insights on SCOTTeVEST
As of today, SCOTTeVEST has achieved tremendous success under the leadership of Scott Jordan. This company is expected to introduce new products to meet the advanced and evolving consumer needs.
Jordan’s innovative and creative approach will help his brand stay relevant to the future market demands. Jordan is also expected to increase his net worth in the coming years by investing in real estate properties.
Frequently Asked Questions
Conclusion
Scott Jordan’s story from a corporate lawyer to a successful entrepreneur inspires many young entrepreneurs. Scott Jordan net worth of $60-65 testaments his tenacity, dedication, innovative approach and the ability to take risks.
Jordan solidified his financial status by founding SCOTTeVEST and investing in real estate and other ventures. He remained resilient during the tough times of the Covid-19 pandemic and Shark Tank rejection.
Besides diversifying his income streams, he also contributes to philanthropic activities, promoting the tradition of giving back. There is much more to learn from his story for aspiring entrepreneurs.
