|Age/Date of Birth:||23 February 1969|
5 feet 6 inches
|Wife or Girlfriend:||Heather John|
|Parents:||Father: Garfield John|
Mother: Margot John
|Net Worth:||$300 Million|
Daymond John may as well be popular as one of the impeccably dressed stars but as regards his reputation, he is preferably described as the co-founder and chief executive of sportswear maker FUBU (“For Us By Us.”). He is also a well-known investor of reality show Shark Tank. His vast business idea has seen him manage a multi-million dollar empire that encompasses fashion and media. As of 2020, Daymond John’s net worth is estimated at $300 million
John is today a well established young businessman, consultant, motivational speaker, investor, and author whose life story has gone a long way to inspire millions of business-minded individuals.
A Detailed Look at How Daymond John Makes His Money
Daymond Garfield John was born on February 23, 1969, in Queens New York. He had early entrepreneurial experience as he was part of a program in high school that permitted him to work full time. After his high school graduation, he started a van commute business.
In the early ’90s when the trending wool hats with open tops were sold at $20 per piece, Daymond thought it was overpriced and immediately developed an interest in the apparel business. He asked his mom to teach him how to sew and together with his neighbour Carl Brown they made their own version of the hat, branded them with FUBU (meaning For Us By Us) and sold them on the streets of New York at $10 each, the high demand saw him make about $800 on a daily basis.
In 1992 and at the age of 23, Daymond’s mom supported him by mortgaging their home to acquire a $100,000 capital to grow the business. Part of the house was transformed into a factory where the clothes were made and branded. They went from hats to include sweatshirts, T-shirts, hockey, and football jerseys. While running the business, Daymond waited tables at Red Lobster to help with basic needs.
Rapper LL Cool J played a huge role in the marketing of the merchandise when he wore it in public campaigns and incorporated ‘for us by us’ in his rap lyrics. Soon, FUBU received over $300,000 worth of orders for their goods, received an invitation to participate in Macy’s Las Vegas fashion trade show and investment from electronics giant Samsung.
The company grew even more rapidly as it rode on the popularity of hip-hop fashion trends receiving endorsements from celebrities like Will Smith, Magic Johnson, Busta Rhymes, Janet Jackson, and more. After focusing on foreign markets in the early 2000s, FUBU returned its focus to the US in 2010 with the re-branded name FB Legacy. The company now has collections including tuxedos, suits, intimate apparel, footwear, swimwear, watches, and more. Although his brand’s popularity has since waned, the company has earned more than $6 billion in worldwide sales.
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How Ralph McDaniels Powershifted his power on to me. I know everything I have and accomplished is due to what I did almost 30 years ago when I was creating FUBU…including this interview with Ralph. It’s almost painful to watch, looking at 20-something year old Daymond thinking he knows everything. I’ll let you in to a secret though, I was nervous as hell! I was just creating the illusion I knew what I was talking about when even I know I didn’t. Why am I telling you this? First, it’s to show you how far you can go if you just START. Also, it’s to give some love to Ralph. He saw something in all of us at that time, and to our surprise it was enough to #Powershift his own talents to give FUBU it’s time in the spotlight. As you continue to dive into 2020, don’t just think about your own Powershift, but how you can help others create their own. @videomusicbox @fubu
How Much Is Daymond John Worth Now?
Daymond has been part of the “Shark Tank” cast since it debuted in 2009. Shark Tank is a show where successful entrepreneurs and potential investors known as angel investors listen to business pitches from people and in turn invest their money into anyone that seems promising to them. Daymond’s net worth is estimated at $300 million and he has invested over $7.5 million on Shark Tank. He has also appeared in other shows like “The Game” and “The Real”.
In addition to overseeing his clothing line and his investment in Shark Tank, John owns and invests in a wide variety of other businesses including Talbott Teas – a Chicago based gourmet tea company with about $3 million profit. As of 2013, the business mogul said he earned up to half a million dollars from the company.
Daymond John has become an active motivational speaker and business consultant helping celebrities and other entities expand and increase their revenues. He is an ambassador for Shopify. In addition to his numerous business interests, he has penned three books, “Display of Power” is an autobiography based on his early business career and early life, “The Power of Broke” is a motivational book featuring stories of successful entrepreneurs like Rob Dyrdek and Loren Ridinger, the third book is titled “The Brand Within”.
What Does He Spend His Money On?
Having acquired much wealth as a self-made millionaire, John sure has landed properties to his name. One of his well-known houses is his six-bedroom house in Southampton. The property which is worth $7.5 million has a swimming pool, a brick patio, antique fireplaces, rustic floors, and has a beautiful view from all over the entire window.
Talking about his luxury cars, the multi-billionaire dollar business mogul sure has some expensive cars but because he is yet to reveal any of his car models, we can only assume that his fleet of cars will be amazing considering the worth of his house. Meanwhile, we do know of his multi-million dollar private jet which he purchased in 1999 but later sold it off in 2002.
Meet Daymond John’s Family – His Girlfriend, Wife, And Children
Being the only child born to his mother, the 5′ 7″ tall American businessman is currently married to his longtime girlfriend Heather Taras.
Just about six months after the couple had their first child Minka Jagger John, Daymond John popped the long-awaited proposal to Heather on the set of his ABC show, holding a custom-designed 9.5-carat emerald-cut diamond ring for her. Notable stars like Mark Cuban, Barbara Corcoran, Robert Herjavec, Kevin O’Leary, and Lori Greiner were all present during the proposal. The marriage between the two happened in 2018.
John’s marriage to Taras is not his first neither is Minka Jagger John his only child. In fact, this TV personality has been previously married to an undisclosed lady, and together they had two daughters whose names are Yasmeen and Destiny. Being a quiet and conserved person, John has never said a thing about his previous marriage nor his ex-wife in the media. However, he did blame his busy life schedule as the reason why his first marriage fell apart. He also revealed that he almost lost his two daughters to his ex-wife but that she, later on, agreed to allow him to see them.
Despite being married to a rich and famous personality, Heather Taras still keeps her identity undercover. There are no details of her life, where she originates from or what business she does. Even their wedding ceremony was very private. While there are no pictures shared by the couple to hint the public what their wedding ceremony looked like, Daymond John has countlessly revealed just how excited he is with his new home. He also does not fail to shower his wife with praises on how she has been supporting him.
|Also Known As:||Daymond Garfield John|
|Profession:||Businessman, investor, television personality, author, and motivational speaker|
|Famous For:||Being the CEO and founder of FUBU|
|Colleges/Universities Attended:||Bayside High School|
|Educational Qualifications:||High school education|
|Birthday & Zodiac |
|Age/Date of Birth:||23 February 1969 (51 years)|
|Birth Place:||Brooklyn, New York City, U.S.|
|Country of Residence: ||The United States|
5 feet 6 inches
|Eye Colour:||Dark brown|
|Other Body Measurements:||NA|
|Family and Relatives|
|Estimated Net Worth:||$300 Million|
|Source of Wealth:||Business|