It is no surprise that Daymond John’s net worth is quite staggering. He is one of the most successful American businessmen currently and he has been doing business for a while. Aside from being a businessman, Daymond John is also an author, fashion designer and television personality.
In this post, we will share more details about Daymond John including his background, how he started his business, his family, how much he is worth in 2023, social media presence among other vital information about him.
What is Daymond John’s net worth?
Daymond John, an accomplished American entrepreneur, fashion designer, author, and television personality, boasts a net worth of $350 million. His financial success stems from various roles, including being the founder, former CEO, and president of the urban clothing brand FUBU. Additionally, John has contributed to his net worth as an astute investor and as a prominent television host on the hit show Shark Tank.
Daymond Garfield John, born on February 23, 1969, in Brooklyn, New York, to Margot and Garfield John, grew up in Hollis, Queens. His parents divorced when he was 10, leading him to start working early to support the family. His first job was handing out flyers for $2 per hour. Participating in a high school work program, he balanced a full-time job with an alternate schedule for school. Post-graduation, he worked as a waiter at Red Lobster and initiated a commuter van service.
Career and Business
After high school, John ventured into the clothing industry, starting by making hats in his mother’s basement in Queens. Encouraged by early success, he founded FUBU (For Us, By Us) with childhood friends, expanding the collection to include jerseys, t-shirts, and caps. FUBU gained popularity, transcending inner-city boundaries to become an international powerhouse, generating over $350 million annually within six years.
In 1997, John launched the FUBU Foundation, raising $1 million annually. Expanding his business empire, FUBU Sportswear sponsored events like the 1999 Indianapolis 500 and outfitted the Harlem Globetrotters in 2002. FUBU’s success peaked at over $6 billion in worldwide sales.
Daymond John on Shark Tank
Beyond business, John gained fame as a judge on “Shark Tank” from 2009, investing over $8.5 million. He’s also an author, executive producer, brand ambassador for Shopify, and CEO of The Shark Group. In 2015, he co-founded Daymond John’s Success Formula, later renamed Next Level Success. He’s a public speaker, running online programs like “Daymond on Demand” and partnering with Audible in 2021.
Financial Success and Investments
In 2016, it was reported that “Shark Tank” judges, including John, earned around $50,000 per episode. John’s investment in Bombas, a sock company, has been a significant success, with a reported worth of around $100 million as of 2023. John’s 17.5% stake could be valued at $17.5 million.
Personal Life and Health
Daymond John is married to Heather Taras and has three daughters: Destiny and Yasmeen from his first marriage and Minka Jagger with his second wife. He was diagnosed with dyslexia and stage II thyroid cancer in 2017, successfully treated through surgery.
Awards and Recognition
In 2015, John was appointed by President Obama as an ambassador to promote underserved entrepreneurs. His books have been bestsellers, with “The Power of Broke” winning an NAACP Image Award. FUBU is featured at the Smithsonian, and John has received numerous awards, including NAACP Entrepreneur of the Year and Primetime Emmy Awards for “Shark Tank.”
Daymond John is on Instagram with over 1 million followers on his page.