Daymond John a well-known entrepreneur, an investor on ABC show Shark Tank an author and a motivational speaker. The self-made millionaire who is the founder of FUBU and currently its chief executive officer is one of the fashion industry pioneers.
From a $40 investment to $6 billion net worth of his company one wonders how on earth did Daymond John amass such a huge net worth fortune. Well, steak around and find out. Here is a quick summary of Daymond John’s net worth in 2018, career and earnings.
Daymond Garfield John was born in 1969 and was brought up in Hollis. When growing up, his guardians were the mother and the grandfather.
He went to Bayside High School where he would work on a full-time job and be at school too. When he was at school, he would take gigs such as waiting tables, handing out flyers.
John career as a businessman was sparked by his idea for a clothing company, and the first thing he thought about was to sew and sell hats for $10 after seeing wool Ski hats being sold at $20. With his skills of sewing, he sewed around 90 hats and in a single day made $800. They would also make some screen-printed T-Shirts for sale too.
Seeing the business has the potential to grown and return on investment the mother agreed to mortgage the house for $100,000. He would then sew hockey jerseys, T-Shirts and sweatshirts with the FUBU logo. Today the brand is worth around $6 billion.
In 2009 he made his debut in Shark Tank the ABC television show, and as of today, he has invested in investments such as Bombas Socks, Al Bubba Bakers boneless ribs. His total investment to date in Shark Tank projects is over $7 million.
As a motivational, business and public speaker, John has worked with different celebrities and brands such as Shopify, Pitbull and Miss Universe Organization. Some of the books John has published are The Brand Within, Display of Power and the Power of Broke.
John as a television personality was featured in To Tell the Truth 2016 and The $100,000 Pyramid 2016.
Awards & Achievements
John is a recipient of a number of awards such as the Entrepreneurs of the Year Award, Congressional Achievement award due to entrepreneurship, Asper Award for Excellence in Global Entrepreneurship among others
Net Worth of Daymond John
Daymond net worth is around $250 million. He is a self-made millionaire who through his business idea has been able to turn $40 worth of investment to $6 billion brands. Daymond Net worth figures have been boosted largely by the returns and profits he makes from FUBU and his other investments in Shark Tank pitches.
Daymond John net worth is just the proof you need that you don’t have to be rich to start up your own business and get rich. Looking at his and people such as Steve Jobs and Richard Branson net worth you will realise that having a lot of money does not mean you will realise entrepreneurial success. Today Apple is almost hitting a valuation of $1 trillion, yet it all started with $500 in a garage.