Daymond John is best known as the CEO of FUBU and for his work on ABC’s “Shark Tank”. He is a businessman, consultant, motivational speaker, investor, author, and a spokesman for other businesses. His net worth is estimated at $300 million.
Daymond John Wiki, How He Made His Money
Daymond Garfield John was born on February 23, 1969, in Queens New York. He had an early entrepreneurial experience as he was part of a program in high school that permitted him to work full time. After high school graduation, he started a van commute business.
In the early 90’s when the trending wool hats with open tops were sold at $20 a 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 neighbor 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, 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 order for their goods, received an invitation to participate in Macy’s Las Vegas fashion trade show and an 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 2000’s, 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. So far FUBU has garnered over $6 billion in revenue.
Daymond John Net Worth, Other Endeavors
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 has invested over $7.5 million on Shark Tank. He has also appeared in other shows like “The Game” and “The Real”.
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. Daymond 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”. All these endeavors contribute to his wealth placing his net worth at $300 million.
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Daymond John Family: His Girlfriend, Wife, and Children
Being the only child born to his mother, the 1.69m tall American businessman still seems not yet settled for marriage. However, he engaged his longtime girlfriend Heather Taras in September 2016.
Just about six months after the couple had his 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 Co-stars Mark Cuban, Barbara Corcoran, Robert Herjavec, Kevin O’Leary and Lori Greiner were all present during the proposal. Nothing has yet come up about their plans to tie the marital knot but there are hopes that will become a reality soon.
While we all wait for the marital bliss between Daymond John and his cute fiancee, it is important to recall that the TV personality already has two daughters from a previous relationship with an undisclosed lady. His daughters’ names are Yasmeen and Destiny. Being a quiet and conserved person, John is yet to reveal any information about his previous relationships. He, however, choose to keep it discreet perhaps to avoid some scandals. Instead, he dedicates much of his time taking care of his kids while getting involved in various social charity and events.
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 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.