If you watch the American reality TV series, “The Shark Tank,” you must have noticed a bald-headed person with a French beard. Yes, we are talking about the founder of the Shark Group, Daymond John who also happens to be the president and CEO of the American hip-hop apparel company FUBU. In 2015, the then US President Barack Obama appointed him as the presidential ambassador for global entrepreneurship. Now let’s have a closer look at the net worth of Daymond John in 2020.
Early Life & Biography:
Daymond was born on 2 February 1969 in the Brooklyn city of New York, United States. He is the only child of his parents. He was raised by his mom and grandfather in the Queens city in a very healthy environment.
For his education, he went to Bayside High School where he was admitted in a special programme which allowed him to work for a week and attend school in another. He describes this period as the most crucial period of his life as this was when he grew his entrepreneurial spirit. He never attended college and went on to start his own business.
Daymond is the son of Garfield John and Margot John. He suffers from a reading disorder called dyslexia. He was also diagnosed with stage II cancer in 2015. However, he underwent successful surgery and got rid of cancer permanently. Daymond is not married yet but has been in multiple relationships to date.
In September 2016, he got engaged with his longtime girlfriend, Heather Taras. On 2nd March 2016, before they got engaged, the couple was blessed to have a child named Minka Jagger John. Daymond has two more daughters named Yasmeen and Destiny from his previous relationships.
Career, Awards & Nominations:
Before launching FUBU on a large platform, Daymond used to sell ski hats and printed T-shirts with the FUBU logo on them. To meet the amount required for FUBU, he also worked in the American restaurant, Red Lobster. Due to a lack of capital, his mom mortgaged their house for $100,000. He then managed to convince various celebrities to wear FUBU clothes at different occasions and later it became popular across the country.
In 2009, he joined the ABC’s business show “Shark Tank” and subsequently invested a huge amount in it. He has worked in many other TV shows like “The Game,” “The Real,” “All About the Washingtons,” etc. For his pioneering work in business, he has been awarded many prestigious awards including the “Brandweek Marketer of the Year Award,” “Congressional Achievement Award for Entrepreneurship,” “NAACP Entrepreneurs of the Year Award,” etc.
Net Worth & Earnings:
The net worth of Daymond John till date is $350 million. The primary source of his income has been his business investments and appearances in various TV shows. He endorses his own FUBU brand on various platforms. His net worth includes a luxurious house with six bedrooms and a large swimming pool. He also owns a Rolls Royce car worth $450k, and unique diamond earrings worth $10k.
From his very childhood, it was Daymond’s passion to be a successful entrepreneur. He started to work on his dream after he joined school. He was so dedicated towards his vision that he didn’t even go for his college education. Looking at his potential in the field of business, his mom mortgaged their house when there was a lack of capital. He got his family support in every possible manner and worked hard to achieve his dreams. It was his dedication towards his work that today he is not just a successful entrepreneur but is also being counted among the top millionaires of US.