Daymond Garfield John (born February 23, 1969) is an American businessman, investor, and television personality. He is known as an investor on the ABC reality show Shark Tank. John is the founder, president, and CEO of FUBU and the founder of The Shark Group.
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Damian John Net Worth
Daymond John has a net worth of $350 million. He earned his wealth as the founder, former CEO, and president of FUBU, an investor, and as a television host on “Shark Tank.” In 2015, he was appointed by President Obama as an ambassador to support underserved entrepreneurs.
John’s books have appeared on the New York Times and Wall Street Journal bestseller lists. “The Power of Broke” won an NAACP Image Award for Outstanding Instructional Literary Work. FUBU is featured at the Smithsonian National Museum of African-American History and Culture.
He has received several awards, including the NAACP Entrepreneur of the Year and Ernst & Young’s New York Entrepreneur of the Year. He is also a two-time recipient of the Congressional Achievement Award for Entrepreneurship. For “Shark Tank”, Daymond won the Primetime Emmy Award for Outstanding Structured Reality Program in 2014, 2015, 2016, and 2017.
Early life
Daymond Garfield John was born February 23, 1969, in Brooklyn, New York City, but grew up in the Hollis neighborhood of Queens and attended Catholic school for seven years.
He began working at age 10 after his parents divorced, with one early job handing out flyers for $2 an hour. In high school, he participated in a program that allowed him to work full-time while attending school, which inspired his entrepreneurial spirit. After graduating, he started a commuter van service and worked at Red Lobster.
Career
Daymond John started FUBU (“For Us By Us”) at age 20 in his mother’s house in Queens. Blending his love for hip-hop and fashion, he targeted young urban customers. His mother mortgaged her house to raise $100,000 for startup capital, while Daymond worked at Red Lobster.
His first product was knock-off wool ski hats, selling 90 for $10 each. John, Carlton Brown, J. Alexander Martin, and Keith Perrin later designed hockey jerseys and T-shirts. With LL Cool J‘s endorsement, FUBU gained massive popularity and secured a deal with Samsung Textiles.
Personal life
Daymond John has two daughters, Destiny and Yasmeen, from his first marriage. He married Heather Taras in 2018, and they have a daughter together, Minka Jagger.
Daymond is dyslexic and was diagnosed with stage II thyroid cancer in April 2017. The tumor was successfully removed through surgery.
Who is the richest shark in Shark Tank?
The richest Shark on “Shark Tank” is Mark Cuban, with a net worth of $6.86 billion. Not only is he the wealthiest shark on the show, but he is also one of the wealthiest individuals in America. Growing up, Mark believed in the value of hustling to earn every penny, even selling stamps door-to-door as a child.
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Conclusion
Daymond John’s story from starting FUBU in his mother’s house to becoming a billionaire is a remarkable tale of grit, innovation, and strategic foresight. His success across various business ventures and his role as a “Shark” on “Shark Tank” continue to inspire many aspiring entrepreneurs globally.
FAQs about Damian John’s Net Worth
- What inspired Daymond John to start FUBU? Daymond John was inspired to start FUBU to fill a gap in the urban clothing market, capitalizing on trends popular in his community.
- What impact has “Shark Tank” had on Daymond John’s career? “Shark Tank” has significantly enhanced Daymond John’s public profile, allowing him to leverage his business acumen to invest in promising startups.
- What are some of Daymond John’s most successful investments? Some of his successful investments include Bubba’s-Q Boneless Ribs and Bombas socks.
- How does Daymond John contribute to the entrepreneurial community? Through public speaking, mentoring, and his role on “Shark Tank,” John contributes significantly to the entrepreneurial community by sharing his knowledge and experience.
- What is Daymond John’s approach to business and investment? Daymond John’s approach emphasizes market understanding, branding excellence, and strategic investment, focusing on nurturing and growing promising business ventures.
