How Rich Is Daymond John? Net Worth, Career, Salary

Season 14 of Shark Tank will begin on September 23, with many business giants acting as Sharks. Daymond John, entrepreneur, fashion designer, author and television personality with a net worth of $350 million as of April 2023, is one of them. Shark Tank highlights aspiring entrepreneurs who present their company ideas to Sharks in hopes of getting an investment. If the Sharks appreciate the contestants’ suggestions, they will choose to help them build their businesses.

According to the official Shark Tank synopsis:

“The Sharks gives aspiring entrepreneurs the opportunity to negotiate commercial deals that can make them billionaires.”

Shark Tank’s Daymond John runs an online training program for entrepreneurs.

Daymond was ten years old when his parents divorced in Brooklyn, New York. Therefore, he started taking odd jobs to support his family. One of his first jobs was handing out flyers for $2 an hour. He then entered a high school program that allowed him to work full-time and complete his education on an alternate timetable.

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After graduating, he worked as a waiter at Red Lobster and founded a passenger car business. He founded FUBU, which stands for “For Us By Us,” at his mother’s home in Queens when he was 20 years old. His business combines his passion for hip-hop and fashion. Moreover, the concept is aimed at young and urban customers. Due to her son’s love and interest in fashion, his mother mortgaged her house for $100,000 in initial funding. With this, the Shark Tank judges started selling a large number of printed t-shirts.

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Power Shows, Inner Brands, The Power of Breaks, and Rise & Sharpen: Work hard, work hard, and get ahead of your path to a more successful and rewarding life just some of John’s works. His novels have been on the New York Times and Wall Street Journal best-seller lists. The NAACP Image Award for Outstanding Teaching Literature has been presented to The Power of Broke. Notably, John served as an executive producer for the 2005 painting The Crow: The Cruel Prayer. He is the founder and current CEO of The Shark Group, a brand management and consulting firm, and Shopify’s brand ambassador.

He co-founded Daymond John’s Success Formula in 2015, a program that teaches entrepreneurs how to build their companies. In 2019, he renamed his curriculum to Success at the Next Level. Daymond on Demand is an online training program for entrepreneurs offered by entrepreneurs.

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Other works and personal life

The Shark Tank judges have received several honors, including NAACP Entrepreneur of the Year, Ernst & Young’s New York Entrepreneur of the Year, and two Congressional Achievement Awards for Entrepreneurship. His brand FUBU is on display at the Smithsonian Institution’s National Museum of African American History and Culture. Furthermore, John received a Primetime Emmy Award for Outstanding Structured Reality Program in 2014, 2015, 2016 and 2017. Regarding his family, John has two children from his previous marriage, Destiny and Yasmeen. He married Heather Taras in 2018 and the couple has a daughter Minka Jagger. The show’s premiere will take place on September 23 at 8 p.m. ET.

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