Billionaire Profile
John Paul DeJoria
Global Rank
#1409

Image: Gage Skidmore | CC BY-SA 3.0 | via Wikimedia Commons

John Paul DeJoria

CEO, Hair products
UNITED STATES
Real-Time Net Worth
$3.023B
Estimated based on Hair products stock value as of April 21, 2026
+0.16% (24h)
Age
81
Source
Hair products, tequila
Industry
Fashion & Retail
Citizenship
UNITED STATES

Biography

John Paul DeJoria, born April 13, 1944, is an American billionaire entrepreneur and philanthropist. He is best known as the co-founder of the Paul Mitchell line of hair products and co-founder of the Patrón Spirits Company. DeJoria's net worth is estimated at $3.0 billion as of March 2024. His source of wealth stems from his successful ventures in hair products and tequila. He is known for his "rags-to-riches" story, having experienced homelessness before achieving significant success. Throughout his career, he has emphasized ethical business practices and a strong commitment to philanthropy.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/21/2026

Wealth Over Time

In-Depth Profile

Early Life

John Paul Jones DeJoria was born in Los Angeles, California, to an Italian immigrant father and a Greek immigrant mother. His parents divorced when he was young, and he experienced financial hardship during his childhood, including time in foster care. At nine, he started selling Christmas cards and newspapers to help support his family. He graduated from John Marshall High School in Los Angeles and served in the U.S. Navy.

Rise to Success

After various jobs, DeJoria entered the hair care industry as an employee of Redken Laboratories but was later fired. In 1980, he co-founded John Paul Mitchell Systems with Paul Mitchell, starting with a $700 loan. The company became a major player in the professional hair care industry, known for its quality products and commitment to the salon professional. DeJoria co-founded Patrón Spirits Company in 1989, which produced ultra-premium tequila. Patrón grew to become a leading brand in the luxury tequila market, later sold to Bacardi in 2018 for $5.1 billion.

Key Business Strategies

DeJoria's success is attributed to his focus on quality products, ethical business practices, and a strong emphasis on building relationships. He prioritized creating a strong brand image for both John Paul Mitchell Systems and Patrón, which involved innovative marketing and distribution strategies. He was known for his hands-on approach, his belief in the importance of repeat business, and giving back to the community. He stresses the importance of "paying attention to the vital few and ignoring the trivial many".

Philanthropy

DeJoria is recognized for his extensive philanthropic work. He founded JP's Peace, Love & Happiness Foundation in 2011, which supports various charitable causes. He also signed the Giving Pledge, committing to donate a significant portion of his wealth to philanthropic causes. He supports many charities, including Food4Africa, and Grow Appalachia. In 2022, he pledged around $24,000 to save the HMS Unicorn.

Career Milestones

1980

Co-founded John Paul Mitchell Systems

Launched a hair care company with Paul Mitchell, with a $700 loan, revolutionizing the professional hair care industry.

1989

Co-founded Patrón Spirits Company

Co-founded a tequila brand, which became a leading brand in the ultra-premium tequila market.

2011

Established JP's Peace, Love & Happiness Foundation

Launched the foundation to support charitable causes, including environmental protection and animal welfare.

2018

Sold Patrón Spirits Company to Bacardi

Sold his stake in Patrón to Bacardi for $5.1 billion.

Philanthropy & Social Impact

Hunger relief

Food4Africa

Undisclosed

Supported efforts to provide meals for orphaned children in sub-Saharan Africa.

Community development

Grow Appalachia

Undisclosed

Co-created an organization that promotes healthy food and teaches farming skills.

Multiple

JP's Peace, Love & Happiness Foundation

Undisclosed

A hub for charitable investments that support the core values of sustainability, social responsibility, and animal friendliness.

Business Philosophy & Leadership

Notable Quotes

"“Success unshared is failure.”"

"“Pay attention to the vital few and ignore the trivial many.”"

"“When you start with next to nothing, all you've got is a lot of thought, a lot of innovation, figuring new ways to do things without using a lot of money.”"

"Everything will be okay in the end. If it's not okay, it's not the end.”"

Leadership Principles

Focus on Quality

Prioritize the creation of high-quality products to build customer loyalty and brand reputation.

Ethical Practices

Emphasize ethical business conduct and treat employees, customers, and partners with respect.

Philanthropy

Give back to the community and support charitable causes as an integral part of the business strategy.