Davie Fogarty: Net Worth, Companies, and Biography

There’s a reason people keep asking about Davie Fogarty – the founder of The Oodie turned a bedroom idea into a billion-dollar e-commerce empire. But his path to wealth didn’t follow the usual script. He dropped out of engineering school, started with just $500, and built brands that now sell in over 40 countries.

Founded The Oodie: 2018 ·
Total Shopify sales: $1.1B+ ·
Number of brands: 7+ ·
Role: Shark Tank Australia judge ·
Age: 30 (as of 2024)

Six facts about Davie Fogarty’s profile, from his full name to his educational background, paint a clear picture of the man behind the brands.

What companies does Davie Fogarty own?

• Davie Fogarty is the founder of The Oodie, a direct-to-consumer apparel brand that launched in 2018 from his Adelaide bedroom (Forbes Australia).
• He is CEO of 7+ brands including Daily Mentor, Calming Blankets, and Pupnaps, all under The Davie Group (Wikipedia).
• The Oodie is a wearable blanket brand that has shipped to customers in over 40 countries (Sharks Net Worth).

The implication: a single viral product became the engine for a multi-brand holding company, a pattern that mirrors venture-capital portfolio thinking applied to consumer goods.

Who owns Oodie now?

Davie Fogarty remains the founder and primary owner of The Oodie. According to Forbes Australia, he still leads the company’s strategic direction as part of The Davie Group. There is no publicly reported sale or major equity dilution.

Does Davie Fogarty still own The Oodie?

Yes, Fogarty retains ownership and control of The Oodie. The brand is operated under The Davie Group, which he founded after the success of the wearable blanket (Wikipedia). No announcements of a sale or majority stake transfer have been made.

How did Davie Fogarty become a millionaire?

• He started The Oodie with $500 in 2018, sourcing a simple product design and using Facebook ads to test demand (Sharks Net Worth).
• The brand grew rapidly, reaching $100 million in sales by 2021 and surpassing $1 billion in total Shopify sales by 2023 (Forbes Australia).
• He appeared on Shark Tank Australia in 2020, which boosted brand visibility and credibility (Wikipedia).

What this means: the traditional path — degree, corporate job, savings — was bypassed entirely. Fogarty bet $500 on a product and leveraged digital ads to compound returns.

How did Davie Fogarty get rich?

Fogarty’s wealth came from scaling a single viral product – the wearable blanket – into a multi-brand e-commerce operation. By reinvesting profits into new ventures like Calming Blankets and Daily Mentor, he diversified his income streams (Sharks Net Worth).

Is David Fogarty a millionaire or a billionaire?

Fogarty is a millionaire, not a billionaire. The Forbes Australia report estimated his personal net worth at about A$150 million in October 2024, while BusinessABC projects a 2026 estimate of A$500–600 million. The wide range reflects uncertainty in valuing private e-commerce holdings.

How much is The Oodie Guy worth?

• Forbes Australia estimated Fogarty’s personal net worth at A$150 million in October 2024 (Forbes Australia).
• PerthNow reported an estimated net worth of A$250 million in June