Daymond John Net Worth = $300 Million
Daymond John is a renowned American entrepreneur and investor. He is also an established author and motivational speaker. Most people know him as the founder and CEO of FUBU. He is also the founder of the Shark Group that is headquartered in New York City.
He began his career as a business manager when he founded FUBU in 1992. Since then, Daymond has managed to grow his business empire and his net worth stands at $300 million as of 2020.
He is also a key investor with Shark Tank. Daymond has featured in several TV shows, films, and motivational talks. His success in business management has earned him several awards in the USA. He is a role model for many upcoming entrepreneurs.
Source of Wealth
Daymond Garfield John
CEO of FUBU
Quotes - Daymond John Net Worth and Key Habits
"If you really want something, stop chasing it."
"Don't focus on you, focus on what you can give others."
“I believe the last thing I read at night will likely manifest when I’m sleeping. You become what you think about the most.”
“Don’t wait for the ‘perfect time’, you will wait forever. Always take advantage of the time that you’re given.”
“Align yourself with the right people, forge the right relationships and you’ll set yourself up for the long run.”
“Learn as many mistakes and what not to do while your business or product is small. Don’t be in such a hurry to grow your brand. Make sure that you and the market can sustain any bumps that may occur down the road.”
“I’ve failed way more than I’ve succeeded.”
“My parents always taught me that my day job would never make me rich; it’d be my homework.”
“Poor people put a low value on themselves and their efforts.”
“I always tried to align myself with strategic partners, friends, and information to help me with the things that I did not know, and ultimately, I made it.”
Daymond John Net Worth and Key Habits
Habit #1: Act Now, Do not Wait
Daymond considers himself to be blessed to have gotten into business at a young age. His company, FUBU, has grew tremendously in its early days because he was able to make a lot of mistakes early on. He advises people to act on their dreams when they can and avoid postponing things.
Many people have amazing ideas that they can use to change their lives. However, they take a long time to implement them, waiting for the right time. According to Daymond, there is no right time. You need to work on your ideas when you can and accomplish your dreams before it's too late.
Habit #2: Associate with Right People
The people that you associate with have an influence on whether you will fail or excel in life. Daymond is very careful when choosing friends and business associates. His ideal friends are those that can help him realize his dreams in life. For instance, most of his friends are successful business people whom he can count on for advice.
Some people are unsuccessful in life because they associate with people who mislead them. You cannot become a successful businessperson if your best friends are gamblers. It's prudent to choose people who share same ideologies and ambitions with you.
Habit #3: Go Slow With Your Ambitions
We all want to be successful in life. However, some people are over-ambitious and want to accomplish big things in a short period of time.
Daymond started FUBU in 1992 and he has seen it grow over the years. He wanted to acquire financial freedom but he has worked on FUBU for over 25 years.
According to Daymond, success in business is not like winning the lottery. You have to work hard and be patient. Overambitious people give up on their dreams quickly.
Others make huge mistakes that block their path towards financial freedom. Its good to dream big but it is wise to take things easy so that you can have the energy to keep moving over the long haul.