Daymond John

Research and Page By Tai Shlomi and Kennedy Pearson

Who is Daymond John?

Daymond John is an 46-year-old entrepreneur with a $250 million dollar net worth and a $6 billion brand called FUBU. FUBU is a clothing brand that sells designer and sportswear that are mainly bought by young hiphop cultured customers. FUBU is also short for "For Us, By Us. He is currently on the reality TV show "Shark Tank."

Life Before the Success

Daymond was born February 23, 1969 in Brooklyn, NY, but he grew up in the Hollis neighborhood of Queens in the 1970s. He was an only child raised by a single mother. He quotes his jobs, "I started working from the time I was six, doing everything from selling little pencils in school to shoveling snow in the winter and raking leaves in the fall. When I was ten, I was apprentice electrician and I used to wire PX cable in abandoned buildings in Bronx. His first interest in apparel was when he wanted a tie-top hat but the price was unpleasant. Daymond then asked his mom to teach him how to use a sewing machine. After this moment, he began to make his own unique tie-top hats in the mornings and sold them at night on the streets of Queens. He started computer fan service after graduating and received the entrepreneur thought while in high school participating in a co-op program. Before he was famous, he was a full time high school teacher. He also had to work as a waiter at Red Lobster because he didn't have enough money to go to college.

All about FUBU

FUBU is the clothing brand that Daymond and his friends founded. The hiphop culture that came from the Bronx to Queens "jumpstarted" his interests. He and his friends started FUBU to make it a brand about culture, not color. The first people to buy some clothing from FUBU were from Japan and Seattle. Daymond was 23 when he founded FUBU in 1992. The style of clothing is supposed to relate to hip hop fashion trends. They sell mainly shoes, but earlier when FUBU first started, hats and jerseys were the main products. FUBU also sells shirts, jeans, jackets, etc. The website of FUBU is coming out with a new collection, therefore you cannot access the actual website and view its products and get information.

Philanthropy

Daymond John does some philanthropy, but not that much check-book philanthropy. Some examples of his good deeds could include investing in companies on "Shark Tank." One company, for example, is "Two Guys Bow Ties" which is a company that sells wooden bow ties and other wooden dress items. Daymond invested $150,000 for 17.5% equity and a 10% royalty until he gets his money back. He also made other investments, but this one was pretty interesting due to some counters, partnerships, and competition. Also, aside from shark tank investments, he participates in charities a lot. His 2 favorite are the National Foundation for Teaching Entrepreneurism, which provides lessons, skills, and knowledge to poor youth, and the Hip-Hop Summit Youth Council (HHSYC), which offers mentoring along with education, gun, and gang prevention. The headline for a website about this is actually “THE SHARK-DAYMOND JOHN-RECEIVES THE PRESTIGIOUS “HENNESSY VSOP PRIVILEGE AWARD” FOR GIVING BACK TO THE COMMUNITY." No specific amount of money for the charities was found in any of the websites.

Fun Facts!

  • Daymond has the Pisces horoscope.
  • His first celebrity crush was Foxy Brown.
  • He is dyslexic.
  • Daymond's 2 favorite books are Think and Grow Rich and Rich Dad, Poor Dad.
  • He also wrote 2 books which are Display of Power and The Brand Within.
  • He quotes his main investments," My larger investments have been apparel brands. As for real estate, I'm part of a fund, but I've never been that good at real estate."
  • Will Smith along with other famous singers and rappers have used FUBU hats, shoes, jerseys, and more in their music videos.

Work Cited

  • "Daymond John." Famous Birthdays. N.p., n.d. Web. 05 Nov. 2015.

  • "Daymond John by - Shark Tank - ABC.com." ABC. N.p., n.d. Web. 09 Nov. 2015.

  • "The Making of FUBU — An Interview with Daymond John." The Blog of Author Tim Ferriss. N.p., n.d. Web. 09 Nov. 2015.

  • "Daymond John on Hip-hop, His Mom and Making It Big." CNNMoney. Cable News Network, n.d. Web. 12 Nov. 2015.

  • "Shark Tank's Daymond John Blew His First $20 Million Before Wising Up About Money." Time. Time, n.d. Web. 12 Nov. 2015.

  • "BJTonline: Business Jet Traveler." Daymond John. N.p., n.d. Web. 12 Nov. 2015.
  • "Daymond John Receives The Hennessy VSOP Privilege Award." The Source. N.p., 24 Dec. 2014. Web. 16 Nov. 2015.