Daymond John was born Douglas Garfield John on February 23, 1969, to friends Carol Davis and Lyndora John in Brooklyn, New York. He was born on May 10, 1980, in Queens, specifically in the Hollis neighborhood, and was raised by his mother Margot after his parents divorced when he was only ten years old. Margot was also devoted to her work as a member of the cabin crew, during which she positively influenced Daymond’s values, teaching him discipline and perseverance in an adverse environment.
The Rise of FUBU
FUBU, known as For Us Boys and Girls Under Sixteen, is credited as the first urban clothing line that John started on his way to success. In order to fund it, he jeopardized his entire future and tried to mortgage his mother’s house to attract $100,000 of start-up money. FUBU was officially formed in 1992 when he teamed up with his friends Keith Perrin, Carl Brown, and Alexander Martin. The brand was embraced by the hip-hop fraternity and within a short span flooded the market to produce billions of revenues worldwide.
Daymond John Net Worth
Unfortunately, the exact numbers of Daymond John’s income are improbable. According to Net Worth, Daymond John currently has an estimated net worth of around $350 million as of 2024. He has been able to amass this fortune from his businesses in fashion, furniture, television, and investing. Apart from FUBU, John also earned himself a television personality and is an investor in the acclaimed show known as Shark Tank, where he backs young business personalities.
Recent Developments
In 2010, FUBU re-entered the U.S. market with the name FB Legacy and Fashion Label, teaming up with other famous brands such as Puma, Pyer Moss, and Urban Outfitters. In 2020, the brand made a major re-entry back into the segment with a clear aim of appealing to the old school lovers of hip-hop, as well as the new generation of Z users. Over the years, Daymond John has proved that the most innovative start-up ideas and sound entrepreneurial skills can help him remain a major player in the fashion world and the colossal world of business.