Daymond John Net Worth

What is Daymond John’s Net Worth?

net worth:	$350 million
age:	55
date of birth:	February 23, 1969
gender:	male
high:	1.69 m (5 ft 7 in)
country of origin:	USA
Source of wealth:	entrepreneur
Last updated:	July 28, 2024

As of July 2024, Daymond John’s net worth is estimated to be around $350 million.

Daymond Garfield John is an American businessman, author, motivational speaker, and investor from Brooklyn.

John is best known as the founder, CEO and president of FUBU.

He also appeared as one of the investors on the ABC reality show Shark Tank.

John founded The Shark Group, which is based in New York City.

early life

Daymond Garfield John was born on February 23, 1969 in Brooklyn, New York.

John grew up in the neighborhood of Hollis, Queens.

In high school, John often participated in a program that allowed him to alternate between working full-time and going to school each week.

In order to quickly start his career and provide for his family, John never went to college.

He began his career as CEO and President of FUBU Corporation.

Profession

After his parents divorced, Diamond began working at the age of ten, handing out flyers in New York City schools.

After graduating from high school, he worked as a waiter at a Red Lobster restaurant and used his commuter car service to raise funds.

While working at Red Lobster, Diamond started his own menswear brand, FUBU; his mother taught him to sew and supported his entrepreneurial efforts.

The ski hats were popular, so he and his neighbor sewed 90 hats and made $800 in a day.

How FUBU Became a Cultural Icon

After hats, they began printing T-shirts to break into the market, which they sold on consignment and at events around the Northeast.

Diamond eventually recruited his friends J. Alexander Martin and Keith Perrin to join FUBU, increasing their production and visibility.

This move allowed him to lend FUBU-branded hockey jerseys to rappers for use in their music videos, thus increasing FUBU’s popularity and credibility.

A few years later, Diamond convinced his old neighborhood friend LL Cool J to wear FUBU T-shirts, raising awareness of the brand.

LL Cool J chose to wear a FUBU hat in a Gap ad, furthering the brand’s growing popularity.

Daymond’s Shark Tank Leap of Faith

John received a $300,000 order from a retailer at the Magic Trade Show, but he needed more funds to fulfill this huge order.

He had to use his last savings to place an ad in the New York Times asking for a loan.

Instead, TriStar Textiles approached Diamond and struck a deal with FUBU that ultimately allowed them to fulfill the order.

A few years later, with the company’s success, Diamond announced that FUBU’s global sales had exceeded $6 billion.

FUBU was exhibited at the Smithsonian’s National Museum of African American History and Culture, and Mark Burnett invited John to join Shark Tank.

He was awarded the NAACP Entrepreneur of the Year Award for the success of FUBU, as well as the Ernst & Young New York Entrepreneur of the Year Award.

Meanwhile, Diamond has published five books, including the bestseller The Power of Broke, which music producer Steve Aoki mentioned in his book.

In 2009, he joined the cast of Shark Tank along with Mark Cuban, Barbara Corcoran, and Kevin O’Leary, investing $8,567,000 in various ventures.

The Ultimate Self-Made Man

During his time on Shark Tank, Diamond was nominated for an OFTA Television Award for Best Host or Individual Performance in a Variety Program.

His notable investments include Al “Bubba” Baker’s Bubba’s Q boneless ribs. He helped grow Bubba’s Q sales from $154,000 to $16 million in three years.

A year later, Diamond chose to serve as a mentor to 15-year-old Moziah “Mo” Bridges and inked a seven-figure licensing deal with the NBA.

His investment in Bombas socks increased sales from $450,000 to $12 million after the investment; for every pair of socks sold, they donate a pair of socks.

In the following years, he co-founded Daymond John’s Success Formula, which was renamed Next Level Success in 2019 and is designed to teach entrepreneurship.

After publishing his book, “The Next Step to Success,” former President Barack Obama named him an ambassador to promote entrepreneurship in underserved communities.

Estimated Net Worth

As of July 2024, Daymond John’s net worth is estimated to be $350 million.

emphasize

Here are some highlights from Daymond John’s career:

FUBU (CEO, 1992)
Shark Tank (TV show, 2009)
The Crow: An Unholy Prayer (film, 2013)
Shark Group (Founder)
Miss Universe Organization
Shopify Brand Ambassador

Daymond John’s Favorite Quotes

“When your business or product is small, learn to make more mistakes and avoid them. Don’t rush to grow your brand. Make sure you and the market can withstand any setbacks that may arise in the future.” – Daymond John

“If you go out there and start creating buzz, salespeople will find you. Sales is the panacea. You can talk about how great your business plan is and how great you’re going to do. You can form your own opinions, but you can’t form your own facts. Sales is the panacea.” – Daymond John

“What I’ve learned is to try to make all the mistakes with your own money and keep them small so that by the time you become responsible for a partner’s money or assets, you’ve learned your lesson and won’t make bigger mistakes.” – Daymond John

Summary

Daymond John has appeared in many movies and television shows during his career.

John is a talented investor who has also appeared on the reality investor show “Shark Tank” where he invested in many companies.

There is no doubt that John’s net worth will continue to increase, and one of the biggest reasons why his net worth is incredible is because of his company FUBU.