Daymond Garfield John famously known as Daymond John. John was born on February 23, 1969 in Brooklyn, New York City, America. He was raised in the neighborhood of Hollis, in Queens. John was a talented son of Margot John and John Garfield. He faced harsh phases of his life at his tender age. He started working just at the very young age of 10 after his parents separated their ways.
John had this entrepreneurial spirit from the start as when he was in high school participated in a school program that allowed him to work, he used to work along with continuing his studies on an alternative weekly basis. After completing his graduation John started his own small business of a commuter van service.
After digging into the early stages of Daymond Garfield John’s life, let us take you to his journey from a small entrepreneur to America’s biggest investor and entrepreneur.
Who is Daymond John and why is he so famous?
Daymond John is a multi tasker and a man with many talents but best known for his entrepreneurial skills. John is a successful American entrepreneur, biggest investor in the marketing industry, writer, Famous TV host, motivational speaker and an actor.
How Daymond John became the FUBU owner?
Back in 1992, John thought of starting his own startup business named FUBU which stands for “For Us, By Us” along with his longtime friends and then turned business partners Alexander Martin, Keith Perrin, and Carlton Brown.
He initially started his business in his mother house where he was raised, Hollis, Queens. He started his own clothing business and the idea he got was from his mother who taught him how to sew.
Primarily the products of the business consisted 80’s and 90’2 ski hats, which he used to sew with his neighbor. They started by selling for $20 which later on he realized that it is overpriced. Later on he started to sell off those hats for $10. He used to stand on the corner of Jamaica Avenue and he used to make $800 in a single day. After being successful at selling the ski hats, he made an addition to his business and began to sell screen printed T-shirts. To make his end meet, he also used to work at the Red Lobsters while also working on his own business FUBU.
When he feels like he can do more in his business after a good response. He took a big step to start up with a good amount of capital, by mortgaging his mother’s house for $100,000. Afterwards his big investment in his business, John took another step to partnership with his longtime friends, Alexander Martin, Keith Perrin, and Carlton Brown. Moreover, they all started sewing jerseys for hockey, sweat shirt and T-shirt.
Breakthrough for John and his Business
John made a breakthrough in the market when he probably received more than $300,000 in orders. Then he was offered his first fashion trade show for his clothing line in Las Vegas. To fulfill these huge orders, John had to take out a second mortgage from his mother’s house. To be featured in NY Times John applied in different banks to apply for loan, after being turned down by 27 banks, John had to use the last money left from his mother’s mortgage.
After an advertisement in NY Times, the outcome was pretty good that FUBU was offered a deal with Samsung Textiles.
Presently, FUBU is the most renowned fashion brand of the fashion industry, reaching over $6 million in international sales.
Did you know Daymond John was fired by Kim Kardashian which led him to the reality show Shark Tank?
To be in the cast of the famous TV reality show ‘Shark Tank’, John thinks that this could be an amazing opportunity for him and his business to grow because joining Shark Tank seemed more appealing than appearing in one of the few episodes of Keeping up with Kardashian. In last moments, John called off to work with Kim Kardashian clarifying that,
“I had 10 clothing companies, eight of them weren’t doing well because nobody’s buying clothing; they can’t pay the mortgage,” John said in 2016. “So, I said to myself, ‘I’m only getting pitched clothing companies. I need to get pitched other things.’”
How did the TV reality show ‘Shark Tank’ land on Daymond John?
One day John got a call from the casting director of the ‘Shark Tank’ where the director expressed his wish to John to join the cast of the business reality TV show. The reality show was about giving the opportunities and chances to entrepreneurs, which was indirectly about giving the hopes to investors and entrepreneurs receiving their investments.
John invested the total amount of his own money in Bubba’s-Q Boneless Ribs which helped him grow rapidly and his company grew from $154,000 in sales to $16 million within 3 years. In addition, John was also casted in the season 5 of the Shark Tank where John made an incredible deal with young investor, 15-year-old Moziah “Mo” Bridges. Then in season 6 John invested in Sun-Staches and they both have out done sales globally over $4.2 million.
Currently John is the CEO and the founder of The Shark Group.
Latest happenings in Daymond John’s Life
John has been married two times. And currently John is single. He is not dating anyone and keeping his life busy with podcasts and interviews also spending more time with his children and family. He has three daughters from both his marriages.