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Whether you are a Gen Z’er, Millennial, Gen X’er or Boomer, you have probably seen Daymond John on TV. Elder Millennials, Gen X’ers and Boomers probably remember John from the iconic FUBU brand launched with famed spokespeople like LL Cool J during the 90s. Meanwhile, younger Millennials and Gen Z members may only know him as one of the main angel investors on the hit ABC reality show, “ Shark Tank .” Wherever one remembers him from, Daymond John has become a fixture in the investor circuit and a strong example of Black Excellence fueled by entrepreneurship. From working behind the scenes when Hip-Hop expanded beyond the music industry to becoming the face of helping small business owners skyrocket to success through shrewd business deals, he has proven his business acumen time and again. Which leaves just one question — how much is Daymond John Worth? Daymond John’s Early Life Like many people in and around Hip-Hop during the early years, Daymond John is from New York — Brooklyn to...
In 1997, we were introduced to the sibling trio of Teri, Maxine, and Bird — the Joseph sisters. Like many families, they were a tight-knit group that navigated life’s challenges and moments in what they believed were the most appropriate ways. With spouses, children, and close friends all a part of the ecosystem around the siblings — their mom was at the center, holding them all together. If you haven’t figured it out yet, “Soul Food” is the story, and it’s a “blassic” (Black classic) about the power and influence of Mama Joe and how the lessons she gave her girls served as generational wisdom that was deeply rooted in tradition. Familial relationships range in closeness and health, but moms frequently have a special place in the hearts of children. When growing up, your mom’s advice may seem nerve-racking and annoying, but when the perils of adulting start to kick in, her wisdom is always clutch. Millionaire Daymond John is a testament to such wisdom and support. John is likely...
Daymond John’s success is credited to the immeasurable value of having a solid support system. It’s a known tidbit that the “Shark Tank” co-star turned FUBU into an iconic brand thanks to his mother’s belief in him. However, in an interview with Shannon Sharpe, he revealed the extent of just how much she supported his dream. After Sharpe mentioned that John’s mother was his first investor, he shared his journey that led to the special moment. From seeing him work tirelessly on his brand for five years to being denied by 27 banks, she made a big decision to help her son. “I go to my mother and tell her I got turned down from 27 banks and she says, ‘Daymond, you’ve been trying to contribute to this house as long as you were a kid. I wouldn’t do this if you didn’t have the money. Let’s take all of the money we can out of the house. You manufacture and deliver the clothes and put the money back into the house.’ And that’s how she gave me the money,” he told Sharpe. He continued: “My...
Lowe’s just announced a partnership with Daymond John of ABC’s “Shark Tank” to change the narrative when it comes to minority entrepreneurs and big corporate brands, according to CNN . Minority entrepreneurs and other owners of diverse small businesses can apply for a chance to win shelf space and pitch their products to the home improvement giant’s executives. Per Lowe’s, a diverse small business is at least 51 percent owned, operated, and controlled by veterans, women, minorities, or those who are LGBTQ. With the help of John, who is also the founder of hip-hop apparel company FUBU, the company’s idea is to let these business owners make their case directly to Lowe’s executives and help streamline the process. “Lowe’s is giving these minority-owned businesses a much-deserved chance to shine while uncovering unique, smart products that will make Lowe’s shelves even more appealing to customers,” said John. John shares that it normally takes years for a business to get its products...