Introduction
John Paul DeJoria is an American entrepreneur and philanthropist who is known for co-founding the Paul Mitchell line of hair products and the Patrón Spirits Company. He is also heavily involved in philanthropy, with his JP’s Peace, Love & Happiness Foundation supporting charities around the world. In this blog post, we delve into his wealth and success story, highlighting different aspects of his life and career.
Early Life
John Paul DeJoria was born in Los Angeles, California, in 1944. He was raised in Echo Park, a working-class neighborhood in the city. Despite having a rough childhood, including living in a foster home and being homeless at times, DeJoria managed to graduate high school and eventually attend college.
Early Career
After attending college and serving in the military, DeJoria got his start in the hair care industry selling products door-to-door. In 1980, he co-founded Paul Mitchell with hairstylist Paul Mitchell, launching a hair product line that quickly became popular among stylists and consumers alike.
Patrón Spirits Company
In 1989, DeJoria co-founded the Patrón Spirits Company, which produces premium tequila. It was an uphill battle at first, but by the mid-2000s, it became one of the top-selling tequila brands in the world. In 2018, DeJoria and his partners sold the company to Bacardi for $5.1 billion.
Other Ventures
In addition to his hair care and tequila businesses, DeJoria has invested in or co-founded several other companies, including Solar Utility, which provides solar energy for low-income households, and Aubio Life Sciences, which produces natural pain relief products.
Philanthropy
DeJoria is a big believer in giving back, and his JP’s Peace, Love & Happiness Foundation supports causes such as animal welfare, environmental protection, and education. He has also pledged to give away half of his wealth through The Giving Pledge, a campaign started by Warren Buffett and Bill and Melinda Gates.
Net Worth
As of 2021, John Paul DeJoria’s net worth is estimated to be $4.1 billion. While much of his wealth comes from his businesses, he has also made smart investments and owns multiple properties, including a 45-acre estate in Austin, Texas.
Personal Life
DeJoria has been married three times and has six children. He is known for his love of motorcycles, and in 2018, he was inducted into the Motorcycle Hall of Fame. Despite his immense wealth, DeJoria has a reputation for being down-to-earth and philanthropic.
Conclusion
John Paul DeJoria’s story is one of perseverance and success. He went from being homeless to creating two hugely successful businesses and giving back to society. By investing in a wide range of industries, DeJoria has built a diverse portfolio that will likely continue to grow in the years to come.
FAQs
1. What is John Paul DeJoria’s net worth?
As of 2021, John Paul DeJoria’s net worth is estimated to be $4.1 billion.
2. What other companies has DeJoria invested in?
DeJoria has invested in or co-founded several other companies, including Solar Utility and Aubio Life Sciences.
3. What philanthropic causes does DeJoria support?
DeJoria’s JP’s Peace, Love & Happiness Foundation supports causes such as animal welfare, environmental protection, and education.
4. What is The Giving Pledge?
The Giving Pledge is a campaign started by Warren Buffett and Bill and Melinda Gates, in which billionaires pledge to give away at least half of their wealth to charity.
5. What is DeJoria’s reputation?
Despite his immense wealth, DeJoria is known for being down-to-earth and philanthropic, with a love of motorcycles and dedication to giving back.