How Shark Tank's Daymond John Built a $300 million fortune - Business Insider

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The rags-to-riches story of 'Shark Tank' judge Daymond John: From waiting tables at Red Lobster, to launching 3 startups, and building a $300 million fortune

, which officially launched in 1992. He set up camp in her house, splitting his time between FUBU and Red Lobster.His brand started to take off after he got big names to wear his product in music videos, but he continued waiting tables.

"Even though I had placed our product in the hottest music videos out there, I was still working full-time at Red Lobster,". "To the public, FUBU was a huge company. Little did they know that I was still serving them shrimp and biscuits! "At the point where I had enough money to quit, I decided that I had to give the business all of my attention and effort. So I quit Red Lobster around '95 or '96, and went completely full-time with FUBU."John quickly realized he could dream even bigger. "When I made my first million, I realized how poor I really was,"John's hustle helped him turn a small operation based out of his mom's home into a booming business,, John did not.

In 2015, former President Barack Obama named John as a presidential ambassador for global entrepreneurship, giving him the opportunity to help founder across the world increase capital and access mentorship. What's more, he's written five books and continues to appear on Shark Tank. , but John strives to get back to that feeling of being broke that he became so familiar with in his early days.

. "When you become creative, that's when you think outside the box — and that's utilizing the power of broke."A look into the tech transformations underway at the world's largest companies. Sign up for Innovation Inc.By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our

 

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