|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 (53 years old)|
|Place of Birth:||Brooklyn, New York|
|Height:||5 ft 7 in|
Frequently associated with
- Kevin O’Leary
- Mark Cuban
- Robert Herjavec
- Barbara Corcoran
- Lori Greiner
- Shark Tank
Net Worth of Daymond John
Daymond John’s net worth is estimated to be roughly $350 million in 2022.
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.
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.