3. Estimated Net Worth
With so much success, Daymond John’s estimated net worth is $300 million. Although FUBU sales have declined significantly in the United States, FUBU has had a “rebirth” of sorts with a surge of sales in South Korea.
How much is Daymond John’s Net Worth? $300 Million!
Video Transcript:Daymond Garfield John, co-founder of the FUBU clothing label, was born in Brooklyn on Feb. 23, 1969, and raised by his mother and grandfather in the Hollis neighborhood of Queens. He lives in New York. He is divorced and his daughters are named Yasmeen and Destiny.John attributes his success as an entrepreneur in part to the co-op program he had in high school that let him alternate between spending time in the classroom and working at a business. He is dyslexic. He started a commuter van service after he graduated from high school. He was on the edge of the early hip-hop music scene. When he made and sold $800 worth of tied-top wool hats that were similar to one in a music video, he was hooked on catering to an untapped youth market. He started the For Us By Us line with friends and his mother in 1992, and she mortgaged her home to raise the capital to buy sewing machines and supplies. FUBU gained nationwide exposure at a trade show in Las Vegas in 1994; it reported $350 million in revenue by 1998.Today, John is chief executive officer of FUBU and a venture capitalist who participates in the ABC show “Shark Tank.” He wrote two business books and does motivational speaking, as well. He has an estimated net worth of $250 million.Video Credit: AlphaLife.me on YouTubehttps://www.youtube.com/watch?v=yv-v7pK2s54