BillionaireNet
DeJoria
John Paul DeJoria
Rank #1415
UNITED STATESFashion & RetailHair products, tequila

John Paul DeJoria

Net Worth
$2.838B
-0.02% (24h)
John Paul DeJoria, born in 1944, is an American billionaire businessman, renowned for co-founding the Paul Mitchell line of hair products and The Patrón Spirits Company. His journey from a challenging early life, including homelessness, to becoming a successful entrepreneur exemplifies the American Dream. DeJoria's estimated net worth is $2.9 billion. His career began with humble jobs before he entered the haircare industry, later partnering with Paul Mitchell to create a global brand. He expanded into the spirits market with Patrón, revolutionizing the tequila industry. DeJoria is also known for his philanthropy, contributing to various causes through JP's Peace, Love & Happiness Foundation.

The Full Dossier

Early Life

John Paul Jones DeJoria was born on April 13, 1944, in Los Angeles, California. His parents divorced when he was two years old. Growing up, he faced financial hardship, and at nine, he began selling Christmas cards and newspapers to help support his family. He and his brother spent time in foster care due to his mother's inability to support them financially.

Rise to Success

DeJoria joined the U.S. Navy and later held various jobs, including janitor and door-to-door encyclopedia salesman. He entered the hair care industry as an employee of Redken Laboratories. In 1980, he co-founded John Paul Mitchell Systems with hairstylist Paul Mitchell, starting with a $700 loan. The company became a leading brand in the professional haircare industry. In 1989, DeJoria co-founded Patrón Spirits Company. He sold his stake in Patrón to Bacardi in 2018. He later co-founded ROKiT Group in 2018.

Key Business Strategies

DeJoria's success stems from his ability to recognize opportunities and take calculated risks. For John Paul Mitchell Systems, they focused on quality products and building relationships with professional stylists. His commitment to eco-friendly practices and cruelty-free testing made John Paul Mitchell Systems a pioneer in sustainable beauty. For Patrón, he positioned it as a high-end, luxury product, changing the perception of tequila.

Philanthropy

Throughout his career, DeJoria has been a dedicated philanthropist, establishing JP's Peace, Love & Happiness Foundation. He supports causes like sustainability, social responsibility, and animal welfare. He has also supported Food4Africa and Grow Appalachia. DeJoria signed The Giving Pledge, promising to give away most of his wealth to charity.

Career Timeline

2018

Co-founded ROKiT Group

Launched brands such as ROKiT Phones and ROKiT Telemedicine.

2018

Sold stake in Patrón

Sold his stake in Patrón Spirits to Bacardi.

2011

Signed The Giving Pledge

Committed to giving away the majority of his wealth to address societal problems.

1989

Co-founded Patrón Spirits Company

Co-founded the ultra-premium tequila brand, which became the world's number one ultra-premium tequila.

1980

Co-founded John Paul Mitchell Systems

Launched the hair care brand with Paul Mitchell, growing it into a major player in the industry.

Philanthropic Impact

Sustainability, Social Responsibility, Animal WelfareUndisclosed

JP's Peace, Love & Happiness Foundation

Focuses on supporting sustainability, social responsibility, and animal-friendliness.

Hunger ReliefUndisclosed

Food4Africa

Helps feed orphaned children in sub-Saharan Africa.

Sustainable Food SystemsUndisclosed

Grow Appalachia

Promotes healthy food and teaches farming skills.

Wealth Trajectory