|Daymond Garfield John
|55 years old
|Date Of Birth:
|22 February 1969
|Brooklyn, United States
|businessman, investor, author, and television personality.
|Net Worth in 2024:
Daymond John Net Worth
Daymond John is an American businessman, investor, author, and television personality. He is best known as a prominent investor, a shark on a television show shark tank, and the founder and CEO of the clothing and lifestyle brand FUBU. He is the founder of The Shark Group.
Daymond John net worth is $350 million.
Daymond Garfield John was born on 22 February 1969. He was born in Brooklyn, United States. He was born to Garfield John and Margot. His parents divorced when he was 10 years old. He attended school for seven years, and later, at the age of 10, he started working to support his family. His first job was handing out flyers, earning just $2 per hour. Later, he worked a full-time job and also attended school on an alternating weekly basis. After completing his graduation, he worked as a waiter at Red Lobster and started a commuter van service.
Daymond John’s breakthrough came in the early 1990s when he co-founded FUBU. John started FUBU in his mother’s house. His mother taught him how to sew and supported him by allowing her to take away his house for the growth of her business.
Seeing his passion, his mother mortgaged her house to raise $100,000 for his startup capital. He continued to work at Red Lobster in order to make ends meet while he was growing his business.
During the company’s initial days, he sold handmade wool ski hats for $10. In 1992, he sold those hats on each corner of Jamaica Avenue and made $800 in a single day 1992. Then his neighbor; future business partner Carlton Brown started selling screen-printed t-shirts.
In the early 90s, John received an order of $300,000 and also an offer for participating in Macy’s (M) at a Las Vegas fashion trade show, MAGIC. They had to take a second mortgage to complete the order, after getting rejection from 27 banks for a loan, they published an advertisement in NY Times, and made a deal with Samsung Textiles, allowing them to complete their orders.
FUBU has earned over $8 billion in sales.
Daymond John is the author of The Brand Within, Display of Power, The Power of Broke, Rise & Grind: Outperform, Outwork, and Outhustle Your Way to a More Successful and Rewarding Life.
In 2005, he was the executive producer of The Crow: Wicked Prayer. Daymond John is a brand ambassador of Shopify.
In 2015, he founded a program to support young entrepreneurs in how to grow their businesses. The program offers a $1,500 scholarship to two aspiring entrepreneurs each year. In 2019, he renamed the program. Next Level Success. He also runs online training for entrepreneur Daymond on Demand.
In 2009, he joined as a Shark on ABC’s reality show, Shark Tank. To date, John has invested more than $9 million of his own money in companies. During Shark Tank, his most successful deals were Al “Bubba” Baker’s boneless ribs, Sun-Staches, and Bombas socks.
In 2021, he signed a deal with Audible.
He was a guest narrator at Disney’s Candlelight Processional.
He also appeared in several films and TV shows including The Game, The Crow: Wicked Prayer, What Would You Do?, Sharknado 2: The Second One, To Tell the Truth, The $100,000 Pyramid, Dr. Ken, All About the Washingtons, Billions, and The Masked Singer.
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Awards and Achievements
His brand FUBU was featured at the National Museum of African-American History and Culture. John is a New York Times and Wall Street Journal best-selling author.
John has won NAACP Entrepreneurs of the Year Award, the Advertising Age Marketing 1000 Award for Outstanding Ad Campaign, Brandweek Marketer of the Year, Essence Award, Crain’s New York Business Forty Under Forty Award, Brandeis University International Business School’s Asper Award for Excellence in Global Entrepreneurship, Congressional Achievement Award for Entrepreneurship and Details 50 Most Influential Men. He has won Primetime Emmy Awards for Outstanding Structured Reality Program in 2014, 2015, 2016, and 2017.
In 2015, John was appointed as an ambassador to promote underserved entrepreneurs.
Daymond John’s first wife was Margot John, with whom he has two daughters Destiny and Yasmeen.
In 2018, he married Heather Taras. The couple has a daughter Minka Jagger.
In 2017, John was diagnosed with stage II thyroid cancer, he successfully underwent surgery to remove the cancerous nodule.
Daymond John net worth is $350 million. With a small investment and grew into a multimillion-dollar company with a presence in over 5,000 stores worldwide. His success with FUBU and his other ventures have made him one of the most successful and highest-earning entrepreneurs of his generation. He serves as an inspiration to aspiring entrepreneurs and investors, and his success is a testament to the power of determination and a willingness to take risks in pursuit of one’s goal.
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