Daymond John: What sets billionaires apart
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People

The Net Worth of the Shark Tank Cast




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By

Justin Walton
Updated Dec 5, 2018

Shark Tank has aired more than 200 episodes and returns to ABC for its 10th season in October 2018. The premise is simple: contestants pitch new product ideas to a panel of celebrity “sharks” who rip their business proposals to shreds as they weigh which ideas are worthy of funding. Call it entrepreneurism as mass entertainment. To date, Shark Tank has invested $100 million in projects approved on the show. Even those whose ideas don’t make the cut get free exposure to a national audience and many have found alternate funding. Successful companies that have appeared on the show include: Scrub Daddy (sponge), Bombas (socks), Tipsy Elves (ugly sweaters) and Squatty Potty (toilet). While the judges have varied backgrounds, all have plenty of personality and wealth. Below, here’s a look at the sharks of the 2018-19 season, listed in descending order of their estimated net worth.

1. Mark Cuban

Net Worth: $3.7 billion

The richest shark by an order of magnitude, Mark Cuban boasts a net worth of $3.7 billion, currently ranking #606 on Forbes annual list of billionaires. He serves as chairman of AXS TV, co-owns Landmark Theaters and Magnolia Pictures, and owns the Dallas Mavericks professional basketball team. Recently, after an investigation by the New Jersey attorney general revealed widespread harassment of female employees of the Mavericks, Cuban donated $10 million to organizations that help victims of domestic violence and promote the hiring of women as workplace leaders. Cuban, an outspoken critic of President Trump, is now considering running for President in 2020.

2. Kevin O’Leary

Net Worth $400 million

O’Leary – a.k.a. Mr. Wonderful – traces the origins of his business and investment career to his mother’s merchant and his father’s Irish charisma. After he got fired from a job at an ice cream parlor as a teenager he determined: “There are two types of people: There are people that own the store, and people that scrape the shit off the floor. You have to decide which one you are.” In 1986, O’Leary founded an educational software company that he grew aggressively through acquisitions and ultimately sold in 1999 to Mattel for $4.2 billion. He also co-founded Storage Now, which he later sold for $110 million. He has appeared on Discovery Channel’s Planet Earth and CBCs Dragon’s Den and on CNBC. He’s the author of bestselling books on financial literacy: Cold Hard Truth on Men, Women and Money and Cold Hard Truth on Family, Kids and Money. He also has his own wine label. He owns a Porsche and whenever he drives the car, his wife says “Oh no, another bald asshole in a Porsche.”

3. Daymond John

Net Worth $300 million

John created the global hip-hop fashion brand FUBU , an iconic look of the 1990s. He started out by making hats with friends at his house in Queens and over the years has sold $6 billion in apparel carried at more than 5,000 stores. As a cultural ambassador, John traveled with President Obama to Kenya and Cuba. Recently, John partnered with Bob Evans for its second annual “Heroes to CEOs” contest, in which winners received $25,000 grants and coaching session from John. He is also the bestselling author of The Power of Broke. His latest venture is a co-working space blueprint + co, aimed at entrepreneurs. And unlike many of the other sharks, John is still involved in the company that made him rich, FUBU. Lately, FUBU has partnered with Puma for a line of shoes and fashion designer Kerby Jean Raymond of Pyer Moss partnered with FUBU for “the blackest show at New York fashion week.”

4. Robert Herjavec

Net Worth $200 million

Entrepreneur Herjavec is the principal of Herjavec Group, a global cyber-security firm that he founded 15 years ago. Born in Croatia, he immigrated to Canada with his parents and sold his first company to AT&T. He’s married to Dancing with the Stars Kym Johnson and has appeared with her on the show. Like his fellow sharks Corcoran and Greiner, he is a best-selling author, and has published two books: Driven, The Will to Win and You Don’t Have to Be a Shark. In his free time, he savors the thrill of racing Ferraris at 200 miles per hour.

5. Lori Greiner

Net Worth: $100 million

“The Queen of QVC,” entrepreneur Lori Greiner studied journalism and worked as a playwright before she made her mark with a jewelry organizer that she invented and sold on the Home Shopping Network and at JC Penney. Since 2000, she has hosted a QVC-TV show called “Clever and Unique Creations by Lori.” She claims 120 patents and 700 products to her name, as well as the best-selling book Invent It, Sell It, Bank It.

6. Barbara Corcoran

Net Worth: $80 million

Corcoran transformed a $1,000 business loan into The Corcoran Group, a real estate behemoth that she sold in 2001 for $66 million. Her first real-estate commission was $340; which she spent at Bergdorf Goodman to buy a swanky wool coat, aspirational apparel that made her feel like the “Queen of New York Real Estate” before she actually occupied that throne. Like other sharks, Corcoran is an author who chronicled her origin, business experience, and advice in the book Shark Tales. Back in 2016, Corcoran courted controversy when she tweeted: “I find running a #business in a man’s world to be a huge advantage. I wear bright colors, yank up my skirt + get attention.”

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Daymond John’s net worth is $300 million

Marilyn Zelinsky-Syarto

May 5, 2017  in  Celebrity Money

Patrick Ecclesine/ABC via Getty Images

Patrick Ecclesine/ABC via Getty Images

How Daymond John’s net worth was built

Daymond John is one of the business-savvy, self-made millionaire “shark” investors on the hit ABC-TV show, “Shark Tank.”

He also is the founder of FUBU (For Us By Us), an urban-style clothing line that he launched with $40 worth of fabric. John and a few of his friends founded FUBU in 1992 by selling $10 hats on a street corner while waiting tables at Red Lobster until he got a $100,000 injection of start-up capital from his mother.

John’s neighbor, hip-hop singer LL Cool J, wore one of FUBU’s hats on a Gap commercial, leading to a lucrative distribution deal with Samsung’s textile division.

Within six years, FUBU’s annual revenue grew into $350 million, eventually earning over $6 billion in global sales until the brand grew less popular by the early 2000s.

John was part of the reality ABC-TV show about entrepreneurs seeking funding, “Shark Tank,” in 2009. He famously lost $750,000 of his own money, investing in companies in the show’s first season. As of May, his net worth is $300 million, according to Celebrity Net Worth .

You can use this net worth calculator to see your net worth.

Daymond John

  • Born: 1969
  • Birthplace: Brooklyn, New York

What he’s up to now

As of early 2017, John is still an investor on “Shark Tank,” as he continues to grow his branding company, The Shark Group, and has written his third book, “The Power of Broke,” published in 2016.

He promotes his books and gives motivational speeches around the country. As part of John’s dedication to offering his expertise, resources and vision to help the entrepreneurial community grow, he launched Blueprint + Co., a creative office space in New York for executives who are vetted by John as being the right collaborative partner for the space.


Accolades

John was appointed in 2015 as a presidential ambassador for global entrepreneurship by President Barack Obama. Throughout his career, he has won more than 35 awards for entrepreneurship and marketing, from Brandweek’s Marketer of the Year (1999) to Ernst & Young’s New York Entrepreneur of the Year Award (2003).

He has won the NAACP Entrepreneur of the Year Award (1999) while John’s latest book, “The Power of Broke,” won for Outstanding Literary Work (Instructional) Literature by the NAACP Image Awards in February this year.

See how Daymond John’s net worth compares with that of his “Shark Tank” colleague, Robert Herjavec .

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How Daymond John Achieved a $300 Million Net Worth

How Daymond John Achieved a $300 Million Net Worth

Rick Wallace
3 months ago
Prev Article Next Article

Daymond John is walking and living proof that you don’t have to be born with a silver spoon in your mouth to be successful in the world of business and finance. Most of you probably recognize him as one of the successful investors on the reality series, Shark Tank , but I know him as the founder of the FUBU clothing line that took Hip-Hop and urban wear by storm in the late 1980s and early 1990s. It is estimated that John, who started out with nothing in the way of wealth, is now estimated to have a net worth of $300 million.

It is said that Daymond John Launched the FUBU (For Us By Us) clothing line with only $40 worth of fabric. When he started, he was selling hats on the street corners of New York while waiting tables at Red Lobster at night. Wow! He has definitely come a long way. As it turns out, there were someone ins Daymond’s family who believed in him enough to invest in his dream — his mother. His mother invested $100,000 of her money to give his business the infusion of capital it needed to make it successful.

As it turns out, Daymond was neighbors with up and coming Hip-Hop artist LL Cool J who wore one of the FUBU hats during a Gap commercial, ultimately leading to John landing a very lucrative distribution deal with the textile division of Samsung . Who even knew that Samsung had a textile division.

In a matter of only six years, FUBU grew to an annual revenue generation of $350 million — earning in excess of $6 billion in global sales. Unfortunately, with the rise of other brands like Sean John, Rocca Wear and Phat Farm, FUBU grew less popular in the urban wear industry. John would ultimately sell FUBU while it still had value, pushing his net worth well into the millions.

He took a significant portion of his earnings from the sale of FUBU and became a venture capitalist . He seems to have a very astute ability to recognize concepts that will be successful if properly funded and effectively managed. This has been seen on the show Shark Tank, where other investors have passed on a presentation but John decided to get behind the pitch. John is a great conceptionalist and business-minded person and he knows how to monetize that as good as anyone. He also owns a branding company that he uses to help other businesses optimize his brands.

Daymond John is also a successful author, having written three books, including “The Power of Broke,” which was published in 2016.

In addition to the promotional tours he takes to promote his books, he is also a very sought after public speaker — offering his expertise in business to crowds around the world. He is easy to connect to for most people who attend his events because he had to build his empire from the top and he is very approachable. He has had the pleasure of serving as the ambassador of global entrepreneurship — being appointed by President Barack Obama. He also won the NAACP Entrepreneur of the Year Award in 1999, as well as the Entrepreneur of the Year Award issued by Ernst & Young in 2003.

Between his public speaking, book sales, ROIs from venture capital investments, Daymond is consistently growing his business. However, it was the massive thrust that he got from his first major endeavor (FUBU) that set the stage for him to earn the money that he is earning now. What should be celebrated about Daymond John more than his success and net worth is his willingness to encourage, inspire, and empower others to believe that anything is possible. There are a lot of people who have heard him speak and read his books that are now pursuing the dreams.

With Daymond not even being 50 yet, it can be expected to see a great deal more from him over the next 10 to 15 years. From FUBU to the Shark tank is quite an impressive journey that was full of pitfalls and setbacks, and yet Daymond John has risen to the top and he is living his best life unapologetically. I cannot wait to see what lies in store for him moving forward.


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About The Author

Rick Wallace

More from this Author

Rick Wallace, Ph.D., Psy.D. is a theologian, published author, public speaker and entrepreneur. He has degrees in Theology, Biomechanics & Kinesiology, Psychology and Textual Criticism. He has over 20 years experience in the Health & Fitness Industry, and he currently trains individuals how to achieve holistic balance and success in their lives through his Visionetics program.

He writes for numerous blogs on numerous subjects and is a diligent researcher.

He also specializes in SEO, Content writing and procurement, Reader Appeal, Keyword Density Analysis and more.

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