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.
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.
Appearance in Shark Tank Show
In 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.
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.