Frostsnow

Daymond John's Net Worth 2018: How He Built His $300 Million Dollar Empire?     

Updated On 20 Nov, 2018 Published On

"A dream doesn't become reality through magic; it takes sweat, determination and hard work" and today we bring you a story of a 49-year old Brooklyn, New York City born who befits the saying. Started out with nothing in the name of wealth, today he is worth over $300 million. He is none other than the founder of the FUBU clothing line, Daymond John.          

Daymond is the man who took Hip-Hop and urban wear by storm in the late 1890s and early 1990s. But do you known, while he started out he had to sell hats on the streets of New York City? From a normal boy waking on the streets of New York to one of the successful businessmen of the current time. Here is Daymon's inside story.

Daymond John's Net Worth: How He Built His Million Dollar Empire?     

Daymond John has a net worth of over $300 million, as of 2018. In 2016, he was worth around $250 million. Daymond earns millions with his business tactics, aided by his profession as an author.  

 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 

Roll Call! - Comment the following: What‘s ONE question you have about starting a business that‘s holding you back from actually making it happen? - #DaymondOnDemand

A post shared by Daymond John (@thesharkdaymond) on

Daymond's wealth is deeply rooted in the success of his clothing line, FUBU. Daymond started FUBU in his mother's house in Hollis, Queens. And it's said that he started the clothing line with just $40 worth of fabric.  

Also Read, American Investor Daymond John's Past Marriage & Children: Who Is He Currently Dating? 

When he started he had to sell hats on the street corner of New York, $10 each. After the hats, Daymond began selling screen-printed T-shirts. To generate start-up capital. moving Daymond and his mother had to mortgage their only house for $100,000.

 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 

Drive > Dollars. - What‘s your drive?

A post shared by Daymond John (@thesharkdaymond) on

In 1993, Daymond convinced American recording artist LL Cool J, who was also an old neighborhood friend of him, to wear a FUBU T-shirt for promotion. Later, while filming for an advert for The Gap, LL Cool wore a FUBU hat and also incorporated the line "for us, by us" in his rapping.

In the early 1990s, Daymond received $300,000 in orders. Daymond and his mother had to take out a second mortgage of their house in order to fulfill the orders. 

Also ReadShark Tank star Daymond John engaged to his long-term girlfriend Heather Taras with a baby. 

Over years of hardship, Daymond then successfully established his clothing brand and as of now, his clothing brand has earned over $6 billion in sales across the globe.

Along with a successful businessman, Daymond is also a TV personality and an author.

Daymond John: The Latter Side

In 2009, Daymond started out as an investor to the ABC's reality TV show Shark Tank, after a call from Mark Burnett asking him to join the cast of the show. As of May 17, 2017, Daymond invested $8,567,000 in Shark Tank.  

 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 

Out of my entire decade of being on #SharkTank this was the most emotional pitch I have ever been through. It took everything in me not to walk off the set because my emotions ran so crazy because I was there and lost many friends from 9/11. Reality is that everybody on set was in tears… cameramen, stylists, makeup artists. Not one person didn’t totally break down and realize the value that life has. I'm glad that you all met this special family tonight and @mcuban @lorigreinershark @kevinolearytv @matthigginsrse and I made a deal with #CupboardPro. I'm looking forward to working with these incredible entrepreneurs. I will remember this pitch forever - DJ. - If you want to support the Young family, click the link in my bio to donate to their #GoFundMe in honor of the FDNY.

A post shared by Daymond John (@thesharkdaymond) on

Daymond is also an accomplished author. He has released four books throughout his career which includes Display of Power, The Brand Within, and The Power of Broke, and Rise & Rind: Outperform, Outwork, and Outhustle Your Way to a More Successful and Rewarding Life. His fourth paperwork is the New York Times and Wall Street Journal best-seller.   

We hope time bring the best out of him, as always.