Investor Daymond John is best known for his role on ABC’s Shark Tank. However, his investing prowess long predates his first appearance on Shark Tank in 2009. Since the early 1990s, Mr. John has amassed a considerable fortune that would be the envy of any aspiring entrepreneur who stands in front of him on his show.
That’s why we set out to answer the question, “How much is Daymond John worth?” For years, people have speculated as to how much wealth the businessman has to his name. To get to the bottom of the question, we put together a full profile of Daymond John, including his biography, work history, and investment strategies.
Recently, Daymond John was the frontrunner of a philanthropist event at Harlem’s Apollo Theater. It was the beginning of the annual Black Entrepreneurs Day, in October 2021. John had been working with his sponsors to award $25,000 to 10 Black-led startups. The show included appearances from Kevin Heart, Shaquille O’Neil, Tyra Banks, and Michael Strahan.
What Is Daymond John’s Net Worth?
Research indicates that Daymond John’s net worth is approximately $350 million. However, these are rough estimates based on the appraised value of his real property, as well as his FUBU apparel company. To be safe, we can put Daymond John’s net worth in the ballpark of $300 to $400 million.
The most accurate source reporting Daymond John’s net worth is the South China Morning Post, which is the largest English-language newspaper publication in Hong Kong. Given Mr. John’s investments in the retail apparel industry, as well as his success as a TV personality, it’s likely that net worth estimates in the range of $350 million are reasonably accurate.
Daymond John Biography
Daymond Garfield John was born February 23, 1969, in Brooklyn, New York City. At a young age, Daymond and his family relocated to the Hollis neighborhood of Queens, where he attended Catholic school.
After the divorce of his parents at the age of ten, Daymond took his first job handing out flyers and leaflets on the street for about $7 per hour in inflation-adjusted dollars. This began a lifelong passion for entrepreneurship, hustling, and building wealth. Even during high school, Daymond worked a full-time job while balancing his academic commitments.
Daymond’s first major venture was launched in 1993 out of his mother’s house in Queens. Under the name FUBU, Daymond sold hip-hop inspired streetwear at affordable costs on a hand-to-hand basis, or on consignment through local New York City shops. Thanks to his extensive personal network, which included rapper LL Cool J, Mr. John was able to create significant buzz around his brand as many notable personalities started wearing his clothing.
Since its humble beginnings in the New York City streets, FUBU has grown into a multi-billion dollar enterprise that has sold $6 billion in total volume to date. Off the success of his FUBU brand, Mr. John has branched out into other side ventures, most notably his starring role on the Emmy Award-winning ABC show Shark Tank, in which he has appeared in 8 seasons.
How Did Daymond John Build His Wealth?
The lion’s share of Daymond John’s wealth comes from the success of his FUBU clothing brand, which he presides over as chief executive officer to this day. Although Mr. John has three other co-owners, it stands to reason that FUBU has generated considerable wealth for the Shark Tank star. However, since FUBU is not a publicly-traded company, its financials are not public knowledge.
Mr. John’s role on the television show Shark Tank is also another major source of income for the businessman. One report suggests that Mr. John and his co-stars each earn about $50,000 per episode. Given that Mr. John has appeared in at least 180 episodes, his earnings would amount to $9 million from his base salary alone.
Additionally, Mr. John has amassed a large investment income thanks to the many lucrative projects for which he has provided investment capital, both on Shark Tank and off the air. His Manhattan-based management consulting firm, The Shark Group, has also gone on to build an impressive clientele that attracts high net worth individuals and multinational firms.
Last, Daymond John has found success as a high-earning public speaker and author. In recent years, Mr. John has authored several bestselling books, including:
- Display of Power: How Fubu Changed a World of Fashion, Branding and Lifestyle (Naked Ink, 2007)
- The Brand Within: The Power of Branding from Birth to the Boardroom (Display of Power Publishing, 2010)
- The Power of Broke: How Empty Pockets, a Tight Budget, and a Hunger for Success Can Become Your Greatest Competitive Advantage, with Daniel Paisner (Crown Business, 2016)
- Rise and Grind: Outperform, Outwork, and Outhustle Your Way to a More Successful and Rewarding Life, with Daniel Paisner (Currency, 2018)
- Powershift: Transform Any Situation, Close Any Deal, And Achieve Any Outcome, (Currency, 2020)
How Is Daymond John’s Net Worth Calculated?
Unfortunately, Daymond John’s financial records are not public knowledge. Since Mr. John doesn’t own a company that issues public stock, he is not compelled by federal authorities to disclose his company’s financial information.
With that said, Daymond John’s net worth estimates are the composite of several existing reports found online. Since all reports estimate the businessman’s net worth to be roughly $350 million, it’s likely true that his assets minus liabilities equal approximately this amount.
Daymond John’s Investment Style
John’s investment style has its founding in the execution of the product, and the people that are part of his companies. He finds having a better product without the right execution will get poor results.
For John, nothing is really new in the world, Facebook is a chain letter, emojis are like hieroglyphics, and Uber is a limousine service with a geo-locator.
What he finds the most important aspect is the delivery of your product. Finding new ways to deliver your goods faster, lighter and stronger giving you a winning enterprise.
Daymond John’s Views on Alternative Assets
It’s highly likely that Daymond John owns alternative assets such as cryptocurrency and gold. According to a recent report, Mr. John is bullish on Bitcoin and encourages all investors to educate themselves on this critical new asset class.
Daymond John characterizes Bitcoin’s recent rise to the dot-com bubble he observed earlier in his investing career. However, he maintains that assets like Bitcoin and Ethereum won’t necessarily “crash” but merely that they present risks as a nascent store of value. In any case, it’s important to note that Daymond John’s willingness to take risks on assets like cryptocurrencies may be an essential aspect of his investing success.
The Shark Group has worked with some of the largest companies in the nation, many with a global presence. Among the consulting firm’s clients you can find:
- The White House
- Johnson & Johnson
Who Else Invests Like Daymond John?
Not all investors have the same investing style. To compare investors like Daymond John you can check out some of the profiles listed below:
- Barbara Corcoran
- Lori Greiner
- John Paul Dejoria
- Arlene Dickenson
- Bethenney Frankel
- Abigail Johnson
- Kevin O’Leary
Want to Invest Like Daymond John?
Daymond John built his wealth through hard work, tenacity, and a diverse array of investment assets. Through his angel investing career, Mr. John has built a reputation as an investor willing to go out on a limb to seek value where others won’t. For example, he’s personally invested over $8.5 million in such diverse industries as helmet manufacturing, personalized socks, and hands-free umbrellas.
Even if you don’t have Daymond John’s investment capital, you can still adopt his investment mentality. Diversify your portfolio today with alternative investments that aren’t correlated to the stock market. See how you can build lifelong tax-free wealth and protect against market crashes by reading our Bitcoin IRA or Precious Metals IRA reviews today.