|Net Worth:||$350 million|
|Profession/Career:||Businessman, Investor, Entrepreneur|
|YouTube Channel:||Daymond John (@TheSharkDaymond)|
|College:||Did not attend|
|Full Name:||Daymond Garfield John|
|Date of Birth (Age):||February 23, 1969 (54 years old)|
|Place of Birth:||Brooklyn, New York|
|Height:||5 ft 7 in|
Frequently associated with
Net Worth of Daymond John
Daymond John’s net worth is estimated to be roughly $350 million.
Daymond has made the majority of his net worth through his company FUBU. He founded FUBU in 1992 with his partners Carlton Brown, J. Alexander Martin, and Keith Perrin. Together, they have grown it to become an international brand with over $6 billion in sales.
It’s been on the decline in recent years, no longer doing $350 million in annual sales, but it is in the midst of a rebranding that’ll hopefully bring it back to its former glory. However, Daymond John isn’t as involved in the day-to-day activities and hasn’t been since the birth of his child.
How much does Daymond John earn in a year?
Daymond John is estimated to earn roughly $50 million a year.
Initially, FUBU made most of his earnings, but as the company has been on the decline, Daymond John has been building his business empire to offset the loss of income. He is estimated to have made an average of $50 million a year in the last few years, and makes most of that money from businesses that he’s invested in. He also makes money off books he has authored. Here are some examples of his sources of income:
- Bombas (17.5% ownership)
- Bubba’s-Q Boneless Ribs (30% ownership)
- Display of Power
- Rise and Grind (New York Times and WSJ Bestseller)
- The Power of Broke (New York Times and WSJ Bestseller)
- The Brand Within
Notably, Bombas does 9-figures in sales each year, and Bubba’s Q Boneless Ribs does 8-figures in yearly sales.
Daymond John also makes money through speaking engagements, brand consulting, and his YouTube channel. The channel is named after himself and it currently has over 121K subscribers. YouTube channels make between $3 to $5 per 1,000 views. Let’s take the midpoint of that at $4.
The channel has had over 27 million views thus far. With that view count, the channel has made at least $108K from YouTube ad revenue alone. That doesn’t take into account any sponsorship or brand deals he takes on top of that. Still a small portion of his overall net worth, but notable nonetheless.
Daymond John also has an Instagram account with over 1.3M followers and an engagement rate of 0.12%. An influencer on Instagram typically makes anywhere from $2 to $6 per thousand followers for a sponsored post, depending on their niche and engagement rate. If we assume the midpoint at $4 per 1K followers per sponsored post, we can estimate that he gets paid roughly $5,200 on average per sponsored post. He can dole out many of these sponsored posts per year with enough demand.
On top of that, he can take on brand deals in addition to sponsored posts, which nets him extra income and boosts his net worth. As previously observed, it’s a small fraction of his overall net worth but still notable.
Daymond John and Bombas
Notably the most successful deal Daymond John made on Shark Tank, if not the most successful deal on Shark Tank, Daymond makes over 9 figures on this deal on a yearly basis.
During the pitch, all the other sharks went out of the deal, leaving Daymond, and due to his background, he was able to negotiate from the initial 10% ownership up to 17.5%.
Did Daymond John grow up rich or poor?
Daymond John grew up poor. When he was younger, his parents divorced and he never saw his dad again after that. That forced him to take up odd jobs such as working at Red Lobster to make ends meet, but he always hustled making clothing and apparel on the side. His mother even took out a second mortgage to fund his business ventures, which in hindsight was a smart choice.
Daymond John’s childhood
Daymond John was raised in the Hollis neighborhood of Queens, New York City. From a young age, he displayed an entrepreneurial spirit. When he was just 10 years old, he started a business selling pencils to his classmates. He would buy packs of pencils for 15 cents each and sell them for 50 cents, making a profit on each sale. This early venture allowed him to experience the thrill of entrepreneurship and sparked his desire to start more businesses in the future.
Growing up, John had a passion for fashion and hip-hop culture. In the 1980s, he began designing and selling his own tie-top hats known as “sharks” while working as a waiter at Red Lobster. This side hustle marked the beginning of his journey into the fashion industry.
In 1992, along with his childhood friends J. Alexander Martin, Keith Perrin, and Carl Brown, Daymond John launched FUBU. The brand initially started by creating and selling hats, and they would sew the FUBU logo onto hockey jerseys. They used their personal savings to produce the hats and sold them from John’s house and at local events. Daymond John and his friends had a strong belief in their brand and took every opportunity to promote FUBU.
Their breakthrough moment came in 1993 when Daymond John convinced rapper LL Cool J to wear a FUBU hat in a promotional photoshoot for his clothing line. This exposure helped FUBU gain national attention and established it as a recognizable brand within the hip-hop community. The success continued, and FUBU expanded its product line to include other clothing items such as T-shirts, jeans, and outerwear.
Daymond John’s entrepreneurial journey and success with FUBU propelled him into the public eye. He has since become a well-known figure in the business world and has appeared as an investor on the reality TV show “Shark Tank.” He has used his platform to inspire and mentor aspiring entrepreneurs, sharing his experiences and knowledge to help others achieve their goals.
Daymond John’s Wife and Children
Daymond John had two daughters with his first wife, who we do not know much about. What we do know is that the marriage fell apart when Daymond’s FUBU started taking off.
Daymond John recalled that his wife left him because she sees him more on TV than in person. She felt that she and their daughters have been abandoned. Realizing the importance of family, Daymond agreed to his ex-wife’s condition of always paying it forward and do good with his wealth so that they can have joint custody of the children.
Daymond John married Heather Taras in 2018, the couple had a daughter together in 2016. It is speculated that Heather used to be a registered nurse, but there has been no solid proof, since Daymond and Heather keep their personal lives very secret.