Daymond John Net Worth
Daymond John is one of the most popular businessmen in the U.S.
He’s become popular because of his investor’s role in American realty business reality show entitled “ Shark Tank” aired on ABC network.
He’s already one of the richest businessmen way before he joined the cast of “Shark Tank”.
John is the president, founder, and CEO of FUBU, American hip hop apparel company.
He’s also the founder of The Shark Group.
As of this year, the total of Damond John’s net worth is approximately whooping $300 million.
Daymond Garfield John was born on February 23, 1969, located in Brooklyn, New York City.
He grew up in a middle-class neighborhood in Queens, New York City.
At the age of 10, John’s parent got divorced. So, he has to work to earn money by handing out flyers for 2 dollars a house.
When he was in high school, John participated in some kind of program in which the member was allowed to work a full-time job.
That program instilled a spirit of entrepreneurial to his mind.
Then, he began to offer a commuter van service after graduating from school.
However, Daymond’s parents have developed sour relationship as well as he grows up older.
His parents, Garfield and Margot, has decided to get a divorce when Daymond turning 10 year-old.
This problem exactly seemed that overwhelming due to Daymod’s that just reaching 10 at that time.
Furthermore, it was also surprising for the young kid who didn’t exactly know what marriage or divorce is.
The divorcement of his parents didn’t even change Daymond’s life.
Otherwise, he’s trying to substantively understand what was actually going on at that time.
Further, John Daymond also decided to begun working and had no time to looking back since then.
Daymond was also shining his hope for those who were facing the same condition.
Moreover, John also ensured people to use pain as a tool for growing.
Life After Graduated from High School
After finished his study and graduated from high school, John didn’t decide to apply for any college due to his financial condition that couldn’t let them going to there.
It’s because he couldn’t even pay for all those expensive fees that offered by college.
Furthermore, to make him acquired at college, he needs any athletic performance points but he couldn’t get into the college because he didn’t have that kind of thing.
However, even he had not been accepted to study in college, he had no intention to stop trying and learning.
During his high school period, John begun a commuter van service and doing a side job as a waiter at Red Lobster table as well as he was back from school.
Anyway, he learned many various skills in business such as customer service and employee management during his time being a waiter.
The idea of starting a clothing line business came from Daymond John himself.
He was inspired by his mother sewing teaching.
His mother supported John a lot in his struggle in building this clothing company.
John used his mother’s house to be taken over by his business.
Daymond John began to produce wool ski hats and sell them with a cheaper price comparing to other stores.
He sells the hats to his neighbors and it was an easy sell.
After producing hats, he started to sell screen-printed T-shirts and sold them on consignment and at big events nearby.
He had to take a full-time job at a dining restaurant to support his financial.
Then, he named his company as FUBU which stands for For Us by Us.
At some point, Daymond John saw potential in this business.
So, he and his mother decided to mortgage the house for $100,000 to start a start-up capital.
He recruited some of his friends to work with him.
They began sewing more products such as hockey jerseys, T-shirts, and sweatshirts.
John promoted the products by loaning them to rappers for music videos.
FUBU gained its recognition to promotions like that.
In 1994, John got $300,000 in orders. He also received an offer to participate in a fashion trade show in Las Vegas.
A second mortgage of the house needed to be taken out in order to fulfill the orders but 27 banks have turned it down.
Then, his mother used her last money to spend it on advertisement in the NY Times.
Because of that, FUBU got a contract deal with Samsung textiles to support them in completing the orders.
In 2017, FUBU had earned over 6 billion dollars in global sales.
To learn more about its history, people can just visit the National Museum of African-American History and Culture by Smithsonian.
However, Daymond John net worth historically began since he started career as well as we built up a business called ‘FUBU’.
To earn money for his life, John decided to work at Red Lobster.
He also teamed up with some of his friends including Keith Perrin and Alexander Martin on sewing ‘FUBU’ logo on hockey jersey.
Along this way, John has taken various jobs to save his life and building his career since then.
You may have heard about ‘Shark Tank’ as the one of biggest and popular television show.
‘Shark Tank’ was exactly owned by John Daymond as one of the main investors on that program.
The ‘Shark Tank’ anyway was a television show which giving a space for any business executives to listening to business pitches, so they might decide to choose which venture that can be invested and put their capital in.
Daymond John Television Appearances
As one of famous television show, ‘Shark Tank’ is not only involving Daymon John on its airing program, but there are also several famed-businessman took a part.
Let us say, Barbara Corcoran, Mark Cuban, Robert Herjavec, Lori Greiner are several business experts that also appeared on ‘Shark Tank’ TV program to give advice, commenting, or even judging the participants.
Anyway, ‘Shark Tank’ might not be the one of his programs.
Along his career, John also appeared in several television series and films i.e. ‘The Game’ and ‘The Real’ in 2013, ‘The Crow: Wicked Prayer’ and also ‘Sharknado 2’.
John has associated with several brands as a public speaker such as Pitbull and Miss Universe organization while he also did gatherings on negotiations, entrepreneurship, and marketing.
Appearance in Shark Tank Show
Source: tulsaworld.comIn 2012, ABC network asked Daymond John to join the cast of Shark Tank show.
It’s a realty business show where entrepreneurs get the opportunity to get investors for their business or in another name “Sharks”.
Shark Tank show is now hitting its 9th season. The show has won several awards.
Accumulatively, Daymond John has invested his money for over 8.5 million dollars.
John’s favorite investment by 2015 were Bombas (Socks manufacturer) and AI “Bubba” Baker’s boneless ribs.
There was a unique deal made by Daymond John in Shark Tank season 6.
He made a deal with a 5-year-old kid who has a company of making bow ties.
John decided to mentor the kid instead of investing.
The show obviously changed the life of some inspiring people.
Daymond John Education Life
In his early life, Daymond John has witnessed that a broken family never driven him into useless thing.
Instead of driving him into drugs and all bad things, Daymond decided to keep attending local high school with his own special circumstances.
He was allowed to work full time in an extended period as well as he keep coming and studying on that high school.
Anyway, a broken family won’t be an obstacle for him.
However, during his education life, Daymond John took an alternative weekly basis which allowed him to keep going work in a straight of week, and also went to school for another full week for study.
That program could cover him to take all syllabus and chapters when all his friends have already went through all of those chapters.
Well, it’s not surprising that nowadays Daymond John net worth has rised up.
The ‘Shark Tank’ Show and Its Biggest Returns
Daymond John net worth has well-arisen as he built up ‘FUBU’, his fashion and apparel business, in the early 1990s.
Along his career on growing and developing ‘FUBU’, Daymond has earned profit into a $6 billion.
He has been also getting involved in various group of business including his famous investments ‘Shark Tank’ since then which giving some of beneficial deals and also yielded biggest returns.
1. Bubba’s Q
Daymond John has impressively struck a $300,000 deal and acquired about 15 percent of Bubba’s Q.
Anyway, Bubba’s Q is the barbecue business owned by entrepreneur Al “Bubba” Baker.
However, during that time Baker has gained about $154,000 in annual sales and jumped into $16 million in recent year.
Bubba’s Q also made a boneless baby back ribs of a burger for CKE Restaurants as a new deal.
2. Mission Belt
Mission Belt is another deal that bringing big returns happened at Daymond John’s ‘Shark Thank’ TV show.
However, a deal between John and Mission Belt showed returns in more ways than one.
Anyway, it happened in ‘Shark Tank’s fourth season when John offered Nate Holzapfel, Mission Belt co-founder, a $50,000 for 37.5 percent of the company.
However, that deal looks that hugely successful till now.
However, it happened on seventh season of Shark Tank.
Here, Brad Baker had sold the product which was the most expensive one ever showed on that program.
VPcabs is one of Baker’s companies which produce virtual pinball machines that cost about $9,000 apiece.
Since the deal that only done under $400,000 in lifetime sales, selling rate of VPcabs have dramatically jumped to more than $1 million.
When the ‘Shark Tank’ reached for its sixth season of the show, John tried to offer David Levich, Eric Liberman, and Dan Gershon for about 20 percent equity of novelty of an eyewear company which is worth of $300,000.
However, after four month since that episode aired, the co-founders reportedly has brought in more than $4.1 million in sales, which increased for $2.8 million in sales higher than before.
5. Mo’s Bows
This deal happened when Shark Tank airing in fifth season of show.
At that time, Moziah Bridges, the young fashion designer, asked for about $50,000 in exchange for 20 percent equity in Mo’s Bows.
Here, John advised him to not to take any money at all and offered his mentoring service to that guy.
However, Bridges agreed and since then he got his bow ties displayed into Neiman Marcus Stores.
Awards, Recognition, and Publications
Daymond John has received a lot of awards regarding his success in business.
- New York Times and Wall Street Journal Best-selling author
- Brandweek Marketer of the Year
- Two times winner of NAACP Entrepreneurs of the Year Award
- One of the 50 Most Influential Men from Details Magazine.
- Two Times Congressional Achievement Award for Entrepreneurship
- The Ambassador to promote underserved entrepreneurs by President Obama in 2015
Daymond John is also a best-selling author. In fact, He has published four great books. They are:
- “Display of Power”. Collaborated with Daniel Paisner
- “The Brand Within The Power of Branding from birth to the Boardroom”. It’s about examining the loyalty of relationships, companies, and celebrities.
- “The Power of Broke: How Empty Pockets, a Tight Budget, and a Hunger for Success Can Become Your Greatest Competitive Advantage”. Published in 2016. Featured various stories of success from entrepreneurs.
- “Rise & Grind: Outperform, Outwork, and Outhustle Your Way to a More Successful and Rewarding Life”. It was the best seller book according to New York Times and Wall Street Journal.
Daymond John Net Worth Achievements
Daymond John Girlfriend named Heather Taras got engaged with him in 2016.
He gave Taras a custom-designed 9.5-carat emerald-cut diamond ring. Shark Tank show recorded the moment.
They both have a total of four kids, three kids from John, Destiny, Yasmeen, and Minka, one kid from Heather Taras.
As a multi-million dollar businessman, John is living a wealthy lifestyle.
He has a luxurious mansion in Southampton that has 6 bedrooms. That mansion is worth about at least $7 million.
The biggest earning of Daymond John come from his Clothing line company, FUBU.
This company had earned over $6 billion in global sales. Nowadays, you can buy FUBU products in many major stores.
Some of the products are also being partnered with another brand. For example, the FUBU’s shoe line collaborates with Puma.
Eventually, The sale of FUBU products is the biggest part of Daymond John earnings.
That’s before adding his payment for being on the Shark Tank.
As a successful businessman, it’s not that hard for Daymond John to reach that huge amount of net worth.
He owned a large clothing company and appeared on a popular Tv show.
The chance of increasing the net worth is still high for him.
That’s why Daymond John Net Worth is approximately whooping $300 million.