Short Summary
Daymond John is a renowned American businessman, investor, and television personality best known as a star on the ABC reality television series "Shark Tank." He gained fame as the founder, president, and CEO of FUBU, a clothing line that became a cultural phenomenon. John's entrepreneurial spirit, paired with his ability to identify market opportunities, has made him a respected figure in the business world. In addition to his business ventures, he is also a motivational speaker and author, inspiring countless individuals with his story of success and perseverance.
Early Life & Education
Born on February 23, 1969, in Brooklyn, New York, Daymond John grew up in the Hollis neighborhood of Queens. His parents divorced when he was ten, and his mother raised him. John attended Bayside High School, where he participated in a program that allowed him to work a full-time job while attending school. This experience fostered his work ethic and entrepreneurial spirit. He did not pursue a college degree but instead focused on gaining real-world experience, which later became the cornerstone of his success in business.
Career Highlights
Daymond John's career took off with the founding of FUBU in 1992. Starting with just $40 and sewing skills learned from his mother, he created a line of hats that led to the creation of the FUBU brand. The brand gained massive popularity in the 1990s and early 2000s, earning over $6 billion in global sales. John is also known for his role as an investor on "Shark Tank," where he evaluates and invests in promising new businesses. His work on the show has cemented his reputation as a savvy and strategic investor.
Major Achievements
- Founded FUBU, a clothing line that revolutionized urban fashion and achieved over $6 billion in sales.
- Became a prominent investor on the television series "Shark Tank," influencing and supporting numerous startups.
- Authored several best-selling books, including "The Power of Broke" and "Rise and Grind," offering business and life advice.
- Named a Presidential Ambassador for Global Entrepreneurship in 2015.
Famous Quotes
- "Don't wait for the 'perfect time,' you will wait forever. Always take advantage of the time that you're given."
- "The thing about branding is it isn't etched in stone. It's fluid."
Interesting Facts
- Daymond John started FUBU by selling hats on the streets of Queens.
- The name FUBU stands for "For Us, By Us," emphasizing its roots in urban culture.
- He has dyslexia and often speaks about overcoming this challenge on his journey to success.
- John is a passionate advocate for entrepreneurship and regularly speaks at conferences and events.
Legacy / Influence
Daymond John's legacy lies in his ability to transform the fashion industry and influence budding entrepreneurs worldwide. His story from modest beginnings to becoming a successful business magnate serves as an inspiration to many. Through his role on "Shark Tank" and his writing, he has helped countless individuals realize their potential and achieve their business dreams. His influence extends beyond fashion, impacting a wide range of industries and aspiring entrepreneurs.
FAQ
Q: Why is Daymond John famous?
A: He is famous for founding the clothing brand FUBU and being an investor on "Shark Tank."
Q: What is Daymond John's net worth?
A: His net worth is estimated to be over $300 million.
Q: What books has Daymond John written?
A: He has written books like "The Power of Broke" and "Rise and Grind."