Daymond John is an inspiring and successful businessman, venture capitalist, and T.V. personality. These days he’s most well known from his participation in the hit T.V. program, ‘Shark Tank’. But, he’s also the icon businessman who founded FUBU, the preeminent hip hop apparel company. He’s also become a two-time New York Times bestselling author, and has accrued a hefty fortune over the years from his combined achievements.
So, that’s exactly what this page will be highlighting, Daymond John’s net worth and his current earning power. And, just for good measure we’ll also include a few fun facts related to his success and influence in the world today. So, let’s dive in.
What Is Daymond John’s Net Worth?
Many sources around the net still have Daymond John’s net worth pegged at $350 million, but if you’re a savvy investor or businessman, there’s absolutely no way your net worth can remain stagnant for two to three years at a time, especially if you’re bringing in multiple millions of dollars in income. As they say, “Money Never Sleeps.”
That said, after assessing Daymond John’s bucket of investments, with an estimated asset allocation of cash at 40% of his portfolio, startups at 31%, stocks at 15%, crypto at 7%, real estate at 6%, and collectibles around 1%, his net worth is much larger now than it was back in 2020.[1] Thus, after accounting for asset appreciation, his growing investments, and annual income, per our analysis, Daymond John’s net worth as of 2023 is approximately $380 million.
How Much Does Daymond John Make a Year?
Some sources have Daymond John’s income pegged at $25 million per year, with approximately $1.3 million of that coming from his Shark Tank appearances.[2] His FUBU company brought in nearly $8 million in revenue last year per GrowJo.com, and he has income coming in from a variety of other sources like book royalties, consulting fees, and income from his handful of investments. That said, there is no verifiable and definitive annual income for Daymond John.
However, a good baseline income for Daymond John can be provided. Following the 4% rule, if Daymond John invested his entire $380 million net worth into safe investments that paid out at the very minimum 4% per year (Between 3% to 5% is consider safe historically without impacting principal), his baseline “I-never-have-to-lift-another-finger-for-the-rest-of-my-life-income” would be $15.2 million.
Here’s how that would breakdown by month, day, etc..
DAYMOND JOHN MONEY METRICS
| Money Metric | Amount |
|---|---|
| 2023 Net Worth: | $380,000,000 |
| **Earnings Per Year: | $15,200,000 |
| Per Month: | $1,266,666 |
| Per Week: | $292,309 |
| Per Day: | $41,758 |
| Per Hour: | $1,740 |
| Per Min: | $29 |
| Per Sec: | $.48 |
Note: this is an estimated earnings metric based off of the earning power of Daymond John’s net worth estimate. It does not include how much he potentially earns from projects, sponsorships, or social media, etc. Please keep in mind that these calculations are meant to be as accurate as possible; however they are ultimately for entertainment purposes only.
Fun Facts:
- Daymond John has 1.3 million Instagram followers, 849K Facebook Followers, 125K YouTube subscribers, and 697K Twitter followers. This comes out to a grand total of 2.97 million social media followers.
- Daymond John was born February 23, 1969 in Brooklyn, NY. U.S.A.
- Daymond has been diagnosed with the learning disorder of dyslexia.
- Daymond’s two favorite books are Think and Grow Rich and Rich Dad Poor Dad.
- Daymond John became a millionaire between the ages of 29 and 30.
- Daymond John’s first job was working as a waiter at Red Lobster.
- One of his first structured business ventures was refurbishing and then resailing crashed vehicles.
How Did Daymond John Get So Rich?
Daymond John’s namesake business, FUBU started off very slow. The company didn’t make much money at first, but it gradually came together after many pitfalls.
In fact, most people don’t know this, but Daymond John had to close his FUBU operations down multiple times between 1989 and 1992. He had issues with either financing, capital, sales, or distribution which necessitated temporary halts to his operations.
But, with each pause he and his team learned even more about the business and how to make it run more effectively, until it finally gained legs and became officially established in 1992. Over the years, Daymond John managed to penetrate the hip hop culture, and made a name for himself amongst many prominent artists who began wearing his brand’s apparel.
By the mid 90’s FUBU sales begin to take off, becoming a mainstream brand. In 1998 alone, the FUBU brand grossed over $350 million in sales, propelling John’s fortune to staggering heights.
So, how did Daymond John get so rich? He took risks, iterated his business operations over many years, hustled, and stuck with his business long enough for it to become a global success.
These days Daymond John is involved in countless other ventures as a venture capitalist, consultant, author, and public speaker, in addition to still being involved with FUBU (even though it’s hey day is in the past).
Read More: Daymond John Success Story
Daymond John’s Advice On Getting Rich
Here’s a handful of Daymond John’s wisest words on what it takes to become rich and successful in this day and age:
Related: Daymond John Quotes
More Daymond Success Insights
If you’re still looking for more insights on how Daymond John achieved so much success, Inc. Magazine does a great job pulling together some of his best success tips in a short, but powerful YouTube video.
So, if you have 2 minutes to spare, this video is worth watching:
Video Credit: Inc. (Subscribe Here)
Key Takeaways
Here are some key Daymond John takeaways:
- Daymond John’s Net Worth: $380 million
- Annual Earnings **: $15.2 million
- Social Media Followers: 2.97 million
- Social Media Earning Power: approximately $30K per sponsored post
- Keys to Success: Tenacity, Persistence, Taking Intelligent Risks
Daymond John’s fortune started snowballing from the successful popularity and hyper-growth his FUBU business. However, he’s managed to build his net worth over the years by growing his influence and reach as a T.V. personality, being a savvy investor in multiple startups, and intelligently investing in a variety of assets that continue to slowly grow for Daymond year over year.
That being said, we hope you’ll leverage Daymond’s inspiring climb to riches to get motivated to dream big and chase your own dreams.
Till you reach those aims,
STRIVE
PS – If you enjoyed this Daymond John Net Worth profile, then you’ll probably enjoy reading about Mark Cuban’s Net Worth or Kevin O’Leary’s Net Worth.
** These earnings are hypothetical and calculated off of Grant Cardone’s net worth’s earning power alone assuming a 4.0% dividend yield.
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