Daymond John is an American businessman, fashion designer, author, and television personality worth $350 million. John amassed his wealth as the founder, former CEO and chairman of urban clothing company FUBU, an investor and television host of Shark Tank.
Table of Contents
ToggleWho is Daymond John?
John Daymond was born on February 23, 1969 in Brooklyn, New York, to Margot and Garfield John. He grew up in the Hollis neighborhood of Queens. When his parents divorced when he was ten, he began working to support the family. His first job was handing out brochures for $2 an hour. In high school, he participated in a work program that allowed him to work full time and complete his studies on an alternative schedule. After graduating, he worked as a waiter at Red Lobster and started a commuter van service.
How many houses and cars does Daymond John own?
Daymond John is a well-known American celebrity and businessman. John lives in Brooklyn and has a large house there. Additionally, John owns properties in Los Angeles and Illinois.
John also owns a Ferrari, Lamborghini, Mercedes, Aston Martin and many other luxury vehicles. He drives most of his vehicles daily.
How much does Daymond John earn per year?
The renowned entrepreneur earns around $15,200,000 per year.
What are Daymond John’s investments?
When John was 20, he founded FUBU, a clothing company whose acronym stands for “For Us, By Us,” in his mother’s house in Queens. The concept was aimed at a young, male and urban clientele and combined their love for hip-hop and fashion. Her mother taught her to sew and allowed her to run the house to develop her business.
Seeing her son’s passion and promise, Daymond’s mother mortgaged their home to obtain $100,000 in startup capital. To make ends meet while growing his business, John continued to work full time at Red Lobster. His original idea was to make imitation wool ski hats because he felt the hats popular at the time were exorbitantly priced, at $20 each.
He and his neighbor and future business partner Carlton Brown sewed about 90 of these hats. They made $800 in one day selling the handmade hats for $10 each. Screen-printed t-shirts were their next initiative. They were sold on commission at large local events.
How many sponsorship deals does Daymond John have?
In fact, Daymond has lucrative endorsement deals with several brands.
How many philanthropies has Daymond John supported?
John is a member of the Board of Supervisors and volunteers at NFTE events as a moderator or judge. NFTE is a global organization with offices in 12 countries that educates students in low-income communities about the value of entrepreneurship and life skills.
How many businesses does Daymond John own?
Daymond is also known for his role as a judge on the television show Shark Tank since 2009. John has invested over $8.5 million of his personal fortune in companies featured on “Shark Tank.” His other works include Display of Power, The Brand Within, The Power of Broke, Rise & Grind: Outperform, Outwork, and Outhustle Your Way to a More Successful and Rewarding Life, and Little Daymond Learns to Win. Additionally, John served as executive producer on the 2005 film The Crow: Wicked Prayer. John is a Shopify brand ambassador. He founded The Shark Group, a consulting and brand management agency, and serves as its CEO.
He founded The Shark Group, a consulting and brand management agency, and serves as its CEO. He co-founded Daymond John’s Success Formula in 2015, a program that teaches entrepreneurs how to build their businesses from scratch. In September 2019, it changed its name to Next Level Success. The program partners with the Network for Teaching Entrepreneurship, which awards $1,500 scholarships to two aspiring entrepreneurs each year. It also offers a business training program for entrepreneurs called Daymond on Demand. John is a public speaker who signed with Audible in 2021.