Billionaire Profile
John Paul DeJoria
Global Rank
#1379

Image: Public domain | via Wikimedia Commons

John Paul DeJoria

CEO, John Paul Mitchell Systems
US
Real-Time Net Worth
$2.9B
As of December 2025
Age
81
Source
Hair products, tequila
Industry
fashion-retail
Citizenship
US

Biography

John Paul DeJoria is an American billionaire businessman and philanthropist, best known for co-founding the Paul Mitchell line of hair products and The Patrón Spirits Company. Born on April 13, 1944, DeJoria's career began with humble beginnings, selling encyclopedias door-to-door and later working as a shampoo salesman. In 1980, with a $700 loan, he co-founded John Paul Mitchell Systems, which became a major success. He later co-founded Patrón Spirits Company in 1989. DeJoria's source of wealth stems from these ventures in the hair products and tequila industries. He is known for his philanthropic efforts through JP's Peace, Love & Happiness Foundation, embodying the belief that "Success unshared is failure." His estimated net worth is $2.9 billion, reflecting his significant achievements and impact.

Wealth Over Time

In-Depth Profile

Early Life

John Paul DeJoria was born on April 13, 1944, in Los Angeles, California. His parents divorced when he was young, and he faced early challenges, including a period in foster care. From a young age, he showed an entrepreneurial spirit, selling Christmas cards and newspapers to support his family.

Rise to Success

DeJoria's career began with various jobs, including janitor and encyclopedia salesman. He entered the hair care industry at Redken Laboratories, but was later fired. In 1980, he co-founded John Paul Mitchell Systems with Paul Mitchell with a $700 loan. The company quickly became a leading brand in the professional hair care industry. DeJoria also co-founded the Patrón Spirits Company in 1989, which became a world-renowned tequila brand.

Key Business Strategies

DeJoria's success can be attributed to several key strategies. He focused on quality products, a strong brand identity, and building relationships within the salon industry. He emphasized giving back, with sustainable practices at Patrón, and the core values of sustainability, social responsibility, and animal friendliness reflected in his business and philanthropy. The sale of Patrón to Bacardi in 2018 for $5.1 billion was a pivotal moment.

Philanthropy

DeJoria's philanthropic efforts are extensive. He established JP's Peace, Love & Happiness Foundation, supporting various causes including sustainability, animal welfare, and community empowerment. He signed The Giving Pledge, committing to donate a significant portion of his wealth to charitable causes. His charitable work includes supporting Food4Africa, and building schools in Mali and Thailand. In 2022, he donated to save the HMS Unicorn.

Career Milestones

1962

Joined the U.S. Navy

Served for two years.

1980

Co-founded John Paul Mitchell Systems

Co-founded with Paul Mitchell with a $700 loan.

1989

Co-founded Patrón Spirits Company

Co-founded the company, which produces premium tequila.

2011

Founded JP's Peace, Love & Happiness Foundation

A foundation supporting causes focused on sustainability, social responsibility, and animal-friendliness.

2018

Sold Patrón Spirits Company to Bacardi

Sold the company in a $5.1 billion deal.

Philanthropy & Social Impact

Philanthropy

JP's Peace, Love & Happiness Foundation

Undisclosed

Supports various causes including sustainability, animal welfare, and community empowerment.

Philanthropy

Food4Africa

Undisclosed

Supports feeding programs for orphans in developing countries.

Philanthropy

HMS Unicorn

$0.024B

Donation to preserve the historic HMS Unicorn.

Business Philosophy & Leadership

Notable Quotes

"Success unshared is failure."