Daymond John is a business owner, public speaker, and investor known for being on the reality TV show Shark Tank. He got his start in business by starting FUBU, a hip-hop clothing company. He is now also in charge of The Shark Group.
Daymond John: Early Life
John is from Brooklyn, which is in New York. He was born on February 23, 1969, and lived in Queens for much of his childhood. When he was ten years old, his parents split up, and he went to work.
The young worker went to a Catholic school in Queens for his early education. In high school, he participated in a program that let him work long hours and still attend school.
When he turned 16, his mother started dating someone new. As soon as he graduated from high school, the would-be business owner got to work. He was a lawyer, and Daymond looked up to him.
John opened his first business while working as a waiter at Red Lobster. “For Us, By Us” (FUBU) was the clothing line's name. He asked his mother if the startup could use her house, and she said yes. She taught even his son how to sew.
He started making hats, then moved on to t-shirts, jerseys, and sweatshirts. Daymond and his mom put their house on the line to get money for their new business and hired close friends to help.
In 1993, John talked the rapper and old neighborhood friend LL Cool J into wearing a FUBU T-shirt as part of a promotion. The New York Times advertised the brand, and Samsung Textiles worked with the company. It quickly spread around the world.
In 2009, ABC's Shark Tank asked Daymond John to be a primary cast member. He agreed and became one of the wealthy investors who watched hundreds of aspiring entrepreneurs pitch their businesses on the show.
He has made many deals as a Shark. Spikeball, Bubba's-Q Boneless Ribs, Bombas Socks, Sun-Staches, Hells Bells Helmets, and Garage Door Lock are some of his most important investments.
When the show did well, John moved on to other things. He made The Shark Group, a company that helps brands. In 2010, he wrote his first book, called The Brand Within. Daymond became a famous motivational speaker who charges between $50,000 and $100,000 for live events.
Net Worth and Earnings
His clothing company, FUBU, has made nearly $6 billion in sales worldwide. Daymond John has made 61 deals on the show “Shark Tank.” These investments are worth $8,567,000 and have given back a lot.
One of the most prominent consulting firms in New York is his. As a public speaker, he has signed deals as a brand ambassador for Shopify and Audible. According to celebritynetworth, as of August 2022, Daymond John's net worth is estimated to be $350 million.
In 2015, President Obama made John an ambassador to help entrepreneurs who don't have a lot of support. John's books have been on the New York Times' best-seller lists and the Wall Street Journal.
The NAACP Image Award for Outstanding Instructional Literary Work was given to The Power of Broke. The Smithsonian's National Museum of African-American History and Culture has a show about FUBU.
John has won many awards, including twice the NAACP Entrepreneur of the Year, Ernst & Young's New York Entrepreneur of the Year, and the Congressional Achievement Award for Entrepreneurship. John won the 2014, 2015, 2016, and 2017 Primetime Emmy Awards for Outstanding Structured Reality Program for “Shark Tank.”
Daymond John: Personal Life
John has two daughters from his first marriage. Their names are Destiny and Yasmeen. In 2018, he married his second wife, Heather Taras. They have a child together. Her name is Minka Jagger.
John can't read. In April 2017, he was told he had stage II thyroid cancer, but surgery was able to remove the tumor.
Frequently Asked Questions
How Much Does Daymond John Make Each Year?
Daymond John makes more than $50 million a year.
What is Daymond John's Height?
Daymond John stands at 1.69 m.
What is Daymond John's Age?
Daymond John was born on February 23, 1969, in Brooklyn, New York, United States. He is 53 years old as of 2022.