Daymond John Net Worth and How He Achieved His Success
The inspiring story of a great entrepreneur.
In this article we’ll talk about Daymond John net worth, how he built his fortune, and key lessons from his career and path to success.
Who Is Daymond John
Daymond Garfield John was born in Brooklyn, New York on February 23, 1969. Daymond is an American television personality, investor and businessman.
When his parents separated when he was 10 years old, he started working. One of his first jobs was handing out brochures for $2 per hour.
He took part in a high school program that allowed him to work a full-time job and go to school on alternate weeks, which he believes gave him the entrepreneurial spirit he has now.
John enjoys reading books like Rich Dad Poor Dad and Think and Grow Rich.
Stage II thyroid carcinoma was identified as John’s condition in April 2017. In order to remove the malignant nodule, John underwent surgery successfully.
Daymond John Net Worth and How He Achieved It
Daymond John net worth is approximately $350 million, as of 2023.
John is the creator, president, and CEO of FUBU. He also participates in the ABC reality series Shark Tank as an investor.
Not to mention, John is the founder of The Shark Group, a well-known agency based in New York City
As per FUBU, he founded it in Hollis, Queens, at his mother’s house. John’s mother taught him to sew and supported him by allowing the company to use her home as it expanded. This was when he originally got the idea for a clothing line for young men.
FUBU reached a yearly income of more than $350 million, just six years after its founding. Since then, the brand’s appeal slowly diminished. However, FUBU has made more than $6 billion in sales globally so far.
Daymond is also well-known for his participation since 2009 as a judge on the television program “Shark Tank.” John has put more than $8.5 million of his own money into “Shark Tank” companies.
Daymond has also written the following books:
- Display of Power,
- The Brand Within,
- The Power of Broke,
- Rise & Grind: Outperform, Outwork, and Outhustle Your Way to a More Successful and Rewarding Life.
In 2005, John served as executive producer of the movie “The Crow: Wicked Prayer.” Not to mention, he represents Shopify’s brand.
As of today, he is CEO of the above-mentioned consulting and brand management company, The Shark Group.
John co-founded Daymond John’s Success Formula in 2015, a course that teaches business owners how to build their companies from the ground up.
All the businesses and activities mentioned so far largely contributed to Daymond John net worth.
Daymond John on Social Media
On Instagram, Daymond has 1.3 Million followers and he usually posts inspirational quotes and pictures of himself giving advice to his followers.
On Twitter, Daymond has 697.5K followers and he usually posts videos of his tv show and of himself giving lectures.
Daymond John Quotes
- “If you go out there and start making noise and making sales — people will find you. Sales cure all. You can talk about how great your business plan is and how well you are going to do. You can make up your own opinions, but you cannot make up your own facts. Sales cure all.”
- “The only thing that scares me in the tech area is that it moves so fast that you have to be ready to invest in 20 things. Because if you just invest in one, next week, somebody has a better mousetrap, and you get taken to the cleaners.”
- “Fortunately, right now ‘entrepreneurship’ is one of the business world’s biggest buzzwords and so many young people in our country are looking up to this new generation of CEO’s as their modern day rock stars. Whenever you have that effect, it makes the job of promoting entrepreneurship much easier.”
Source: Brainy Quote
Key Takeaways from Daymond John Huge Success
Work hard towards your goals
Daymond had to start working from a really young age, since his parents divorced and he needed to support the family. He started doing little jobs and going to school as well and he said that this gave him the boost in entrepreneurship that served him throughout his life.
This shows us that we have to use even the bad things that happen in our life as a boost and use it as fuel to work hard on our goals.
Help others
Daymond is helping other entrepreneurs as well, by having an online training program for businessmen that is called Daymond on Demand. He also works with the Network for Teaching Entrepreneurship and they offer a scholarship of $1,500 every year to the most motivated aspiring entrepreneurs.
This teaches us that once we have achieve our biggest goals, we don’t necessarily have to stop there. We can still help others become the best version of themselves and support them on their path to success.
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