Daymond John Net Worth
Daymond Garfield John is an American Businessman, investor, and motivational speaker. The estimated net worth of Daymond John is $ 350 Million (₹ 26,76 Crore)
|Net Worth:||$ 350 Million (₹ 26,76 Crore)|
|Date Of Birth:||23 February 1969|
Daymond John Biography
Daymond Garfield John was born on 23 February 1969 in New York City. Even though he was born in New York City, he grew up in Hollis. At the age of 10, his parents divorced and he started working.
When he was in high school, he managed to work a full-time job along with school. After he graduated, he started a commuter van service as well as started working as a waiter in Red Lobster restaurant.
He always had an entrepreneurial spirit in him so he started a clothing company FUBU in his mother’s house.
He started by selling popular hats at a cheaper price. After that, he started to sell screen-printed T-shirts.
While doing his business, he also worked a full-time job at Red Lobster restaurant. After finding potential in the current business, John and his mother took out a $100,000 loan on their house. They used that amount as start-up capital.
After that, he recruited his friends and started to sew the FUBU logo on every product. For the promotion of their T-shirts, they featured those T-shirts in rappers’ music videos.
Everyone considered them a large clothing brand and soon every shop started requesting their brand.
His company received a big order and they tried to take loans from banks to complete that order. Unfortunately, 27 banks declined their loan request.
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In such a condition, his mother used the last of their money to give an advertisement in a ‘The New York Times Newspaper. Because of that advertisement, they made a deal with Samsung Textiles. This deal helped them to complete their orders.
Till now FUBU made about $ 6 Billion in global sales for its products.
In 2019 John joined the cast of ABC’s reality business show ‘Shark Tank’ which gives opportunity to business persons to get investors.
John invested about $ 9 Million in Shark Tank companies to help new companies to grow their business.
Shark Tank Group
Now John is the CEO and founder of ‘Shark Tank Group’ which is a brand management and consulting firm situated in Manhattan, New York.
He also became a public speaker and a motivational speaker.
In 2015 he started a program to teach business persons and entrepreneurs to grow their businesses and named that program “Daymond John’s Success Formula“.
In 2019 his program was renamed “Next Level Success” and he started to give a scholarship of $ 1500 to 2 students a year.
Daymond John Income Sources
- In 1994 he received orders of $ 300,000 for his FUBU clothing products.
- Till now his company FUBU made about $ 6 Billion in global sales.
- The maximum of the net worth he earned is from his clothing company FUBU.
Daymond John Popularity Over Time
Daymond John is quite a Popular Businessman, you can see his popularity graph given below.