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Daymond John Biography | Who Is Daymond John?
Daymond John (Daymond Garfield John) is an American businessman, television personality, investor, author, and motivational speaker. Daymond is best known as the founder, president, and also CEO of FUBU.
He appears as an investor on the ABC reality television series Shark Tank. He is the founder of The Shark Group based in New York City.
Daymond John Age | How Old Is Daymond John?
Daymond Garfield John was born on February 23,1969 in Brooklyn, New York City, U.S. He is 54 years
Daymond John Family | Daymond John Mother
He grew up in the Queens neighborhood of Hollis. John began working at the age of 10, when his parents divorced; one early job entailed handing out flyers for $2 an hour.
Daymond John Education
He however participated in a program that allowed him to work a full-time job and also attend school on an alternating weekly basis. He credits it with instilling an entrepreneurial spirit.
Daymond started a a commuter van service and waited tables at Red Lobster after graduating high school.
Daymond John Ex Wife | Daymond John First Wife
Daymond was previously married and has two daughters from that marriage.
Daymond John Wife | Daymond John Married | Is Daymond John Married? | Shark Tank Daymond John Wife
Daymond is not married though he is engaged to longtime girlfriend.
Daymond John Girlfriend
John got engaged to his longtime girlfriend, Heather Taras in September 2016. Their engagement was made special by the presence of their daughter.
Daymond John Children | Daymond John Daughters | Daymond John Kids
Daymond has three daughters, Yasmeen John and Destiny John from his first marriage and Minka Jagger from her relationship with Taras.
Daymond John FUBU
Daymond started FUBU in his mother’s house in Hollis, Queens. When he first had the idea for a clothing company for young men. His mother then taught him how to sew and also supported him by allowing her house to be taken over to grow the business.
Wool ski hats with their tops tied off with fishing line were popular, and Daymond noticed them being sold for $20, which he then considered overpriced.
John went home and sewed around 90 hats with his next-door neighbor. They then sold their homemade hats for $10 each and made $800 in a single day. After the hats, they then began selling screen-printed T-shirts.
To break into the market, they sold on consignment and also at large events around the Northeast. In order to make ends meet, Daymond held a full-time job at Red Lobster, working on the FUBU business in between shifts.
Sensing potential, Daymond and his mother mortgaged their house for $100,000 to generate start-up capital. In addition to Brown, John recruited longtime friends J. Alexander Martin and Keith Perrin into the business, and then began sewing the FUBU logo onto hockey jerseys, sweatshirts, and T-shirts.
They then loaned about 10 of the hockey jerseys out to rappers for their music videos for 2 years and they got product placements in about 30 videos. They were perceived as a large clothing brand, though they were a relatively small company and stores now started requesting their brand.
Daymond convinced LL Cool J, an old neighborhood friend in 1993, to wear a FUBU T-shirt for a promotional campaign. While filming a 30-second advertising spot for The Gap later, LL Cool J wore a FUBU hat in the commercial and also incorporated the line “for us, by us” in his rapping.
John received $300,000 in orders and also an offer for participating in Macy’s (M) at a Las Vegas fashion trade show, MAGIC in 1992,or 1994. They also had to take out a second mortgage of his mother’s house in order to fulfill the orders.
After they were turned down by 27 banks for a loan, his mother then used the last of their money to take out an advertisement in the NY Times. As a result of the ad, the company made a deal with Samsung Textiles, allowing them to complete their orders.
FUBU is now featured at the Smithsonian’s National Museum of African-American History and Culture.
Shark Tank Daymond John
Daymond received a call from Mark Burnett asking him to join the cast of ABC’s new realty business show Shark Tank, which gives entrepreneurs the opportunity to pitch their businesses to investors, or “Sharks” in the hopes of receiving an investment in 2009. He has invested $8,567,000 of his own money in Shark Tank companies as of May 12, 2017.
Daymond’s favorite investments on record by 2015 were Al “Bubba” Baker’s boneless ribs and Bombas socks. Shark Tank won an Emmy Award in 2016, and won Outstanding Reality Program from 2012-2014.
Daymond invested in Bubba’s-Q Boneless Ribs on Season 5 of Shark Tank and has hence helped grow the company from $154,000 in sales to $16 million in 3 years. Bubba’s-Q Boneless Ribs partnered up with Carl’s Jr. to create the limited-edition Baby Back Rib Burger in 2017.
Daymond made a unique deal with 15-year-old Moziah “Mo” Bridges, who is the owner of Mo’s Bows on Season 6 of Shark Tank. He decided not to invest in Mo’s Bows but instead to mentor the young entrepreneur. Later, Mo’s Bows then agreed to a seven-figure licensing partnership with the NBA to create bow ties that use the teams logos.
After he invested in Bombas Socks on Season 6 of Shark Tank, the total sales for the company increased from $450,000 in the first nine months to $12 million.
For every pair of socks sold, Bombas now donates a pair to someone in need and, as of August 2017, they have hence donated over 4 million pairs of socks.
Daymond invested in Sun-Staches on Season 6 of Shark Tank and they have also done over $4.2 million in sales. Shark Tank has since won 4 Emmy Awards and has been nominated 9 times.
The Shark Group
Daymond is the CEO and founder of The Shark Group, which is a brand management and consulting firm. Their office is located in Manhattan, New York.
Daymond John New Book
- Rise and Grind: Outperform, Outwork, and Outhustle Your Way to a More Successful and Rewarding Life 2018.
Daymond John Book
- Rise and Grind: Outperform, Outwork, and Outhustle Your Way to a More Successful and Rewarding Life
2018 - The Power of Broke: How Empty Pockets, a Tight Budget, and a Hunger for Success Can Become Your Greatest Competitive Advantage
2016 - The Brand Within: The Power of Branding from Birth to the Boardroom
2010 - Display of Power: How FUBU Changed a World of Fashion, Branding and Lifestyle
2007
The Power Of Broke By Daymond John
The book was written in 2016 by John. He features various success stories from entrepreneurs such as Kevin Plank, Steve Aoki, Gigi Butler and Mo Bridges.
The Power of Broke also appeared on the Wall Street Journal and also New York Times bestseller lists, and then received an NAACP Image Award for Outstanding Instructional Literary Work.
Daymond John Companies | Daymond John Businesses
- FUBU
- The Shark Group
Daymond John Quotes
- Good grooming is integral and impeccable style is a must. If you don’t look the part, no one will want to give you time or money.
- I always tried to align myself with strategic partners, friends, and information to help me with the things that I did not know, and ultimately, I made it.
- The only thing that scares me in the tech area is that it moves so fast that you have to be ready to invest in 20 things. Because if you just invest in one, next week, somebody has a better mousetrap, and you get taken to the cleaners.
Daymond John Net Worth | John Worth | How Much Is Daymond John Worth | Shark Tank Daymond John Net Worth
John has an estimated net worth of $300 million.
Daymond John Height | How Tall Is Daymond John?
Daymond stands at a height of 1.69 m.
Daymond John Cancer
In April 2017, John was diagnosed with stage II thyroid cancer in April 2017. He successfully underwent surgery to remove the cancerous nodule. John is also dyslexic.
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