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Currently serving as the President, founder and Chief Executive Officer of FUBU, Daymond John is a well known entrepreneur, author, motivational speaker, investor and TV personality whose net worth is estimated to be around $250 million.
After attending Bayside High School, Daymond John participated in a co-op program which instilled him the entrepreneurial spirit. Founding FUBU in 1992, Daymond John's business started when he and his neighbor Carl Brown began selling wool hats at $10 each which is relatively cheaper compared to what the other sellers offer. Each day, the team sold around $800. With their success, John persevered to expand the business. They started sewing FUBU logos on sweatshirts, T-shirts, and hockey jerseys. Through the years, FUBU has definitely come a long way. Today, FUBU has already earned over $6 billion in global sales.
Earnings & Financial Data
Date |
Category |
Description |
Amount |
---|---|---|---|
2008 |
Project Earnings |
Worldwide revenues from FUBU |
$200,000,000 |
1997 |
Project Earnings |
Earnings from the sales of FUBU merchandise |
$350,000,000 |