After some early stumbles in the beauty industry, John Paul DeJoria teamed with hairstylist Paul Mitchell to start the John Paul Mitchell Systems line of hair-care products. He's now a billionaire.The gig(s): John Paul DeJoria, 67, is co-founder and chief executive of Beverly Hills-based John Paul Mitchell Systems, a 32-year-old hair-care products line that is sold in 87 countries and logs nearly $1 billion in annual sales. The brand includes 110 Paul Mitchell schools in the U.S. DeJoria is also co-founder of the Patron Spirits Co.
Kevin Winter/GettyIf there's one thing John Paul DeJoria has learned from more than three decades of entrepreneurial experience, it's that big business decisions should never be made by one person alone.
This is a guest post by billionaire entrepreneur , co-founder, chairman and CEO, John Paul Mitchell Systems and co-founder, chairman of Patron Tequila. In the late 60s and early 70s, Vidal Sassoon revolutionized the professional beauty industry with what was called the ?Sassoon style haircut? and ?wash and wear hair,? which meant that after your ...
There are a lot of interesting things about John Paul DeJoria. Yes, he's the co-founder of John Paul Mitchell Systems, which sells hair products in more than 150,000 beauty salons in 87 countries. Many of us are familiar with his shampoo if not DeJoria himself. But few know about his other ventures. The 68-year-old DeJoria was also founder of more than a dozen other businesses, from Patrón Spirits to the House of Blues to DeJoria Diamonds. And then there's his hardscrabble life.
Along the way to becoming the billionaire cofounder of John Paul Mitchell Systems and Patrón tequila, John Paul DeJoria spent time in a street gang as a boy, lived out of his car twice, lost his job multiple times, worked as a janitor, and faced the prospect of losing everything on a business that seemed destined to fail.