Daymond John is an entrepreneur and a TV personality who has successfully found a perfect way to combine his entrepreneurial life with his life as a TV personality.
Daymond John holds the position of President and CEO at FUBU, the same company that makes the hockey T-shirts and other apparel that flood the markets.
He also has a wonderful presence in the ABC reality TV series “Shark Tank”, popularly known as “Shark Tank”. Let us dive deeper into the life of the TV personality.
Daymond is the only child of his parents. He was born in 1969 and grew up in a healthy environment by his mother and grandfather. It is reported that Daymond John grew up in Queens in the Hollis neighborhood.
He attended Bayside High School, where he participated in a program that allowed him to work one week and attend school the other week – the time when he got the entrepreneurial spirit.
The fact that he was dyslexic did not prevent Daymond from excel in his efforts. He began his business career at a very young age, sewing his own tie-caps and selling them on the streets of Queens at a high price.
He teamed up with his neighbor and sewed hats,
They were very popular at the time and were sold in the New York Coliseum, making a tidy profit.
John then founded the FUBU business. He worked at Red Lobster to make money. Then he worked with his friends J. Alexander Martin and Keith Perrin to sew the FUBU logo onto hockey jerseys, sweatshirts, and T-shirts.
He came into the spotlight when LL Cool J wore a FUBU T-shirt and a FUBU cap for some advertisements in 1993. John made it big when he won a $300,000 contract for Macy’s (M) at a fashion show in Las Vegas.
Daymond John joined the cast of Shark Tank in 2009. It’s a reality ABC TV show about businessmen who want to finance aspiring entrepreneurs who are chasing their dreams and making themselves successful.
In the show, John, along with other business leaders, listens to everyday people who propose their businesses and decide to invest or not to invest money in the company.
He is the author of several books: The Power of the Shattered, The Brand Inside, and The Representation of Power. He enjoys reading Rich Dad, Poor Dad, and Thinks and Grow Rich.
Daymond John is a public speaker and he works with various celebrities and brands to generate more revenue and expand his brand.
Daymond John House/Net worth
Daymond John’s total net assets are approximately $250 million. It is expected to increase in 2017 compared to previous years.
As already mentioned, Daymond John is one of the business-experienced, self-made millionaire “shark” investors in the successful ABC television show “Shark Tank”.
For a man who started his business (FUBU) with $40 worth of fabric, the successful entrepreneur is truly a model for both beginners and those already in business.
One of the catalytic forces that contributed to the growth of John’s business was the lucrative distribution agreement with Samsung’s textiles. This deal came about after John’s neighbor, hip-hop singer LL Cool J, wore one of FUBU’s hats in a gap commercial.
Within six years, FUBU’s annual sales grew to $350 million, and the brand eventually achieved worldwide sales of over $6 billion, until it became less popular in the early 2000s.
Today FUBU is sold in many large department stores and is worth about $6 billion.
On the subject of his house: John has many of them. One particular house that is known to the public is a 6-bedroom villa in Southampton that is said to be worth at least $7 million. The rustic but chic house is said to have a large swimming pool, antique fireplaces, and a brick terrace.
Daymond John Wife/Girlfriend
John got engaged to his girlfriend Heather Taras in September 2016.
The founder and CEO of FUBU asked the question with a specially designed 9.5-carat emerald-cut diamond ring when he was on the set of Shark Tank on Thursday, September 22, 2016.
At the time of writing, the couple has yet to walk down the aisle.
Daymond John Family/Daughter/Kids
John and his girlfriend already have a daughter together. However, Daymond John already had a family with his ex-wife and had two daughters named Destiny and Yasmeen. His third child is Minka.
This makes it a total of 3 kids from John alone and one, from his girlfriend Heather.