As the pandemic is causing significant concern for the general public, many Britons are looking to capitalise on their savings. Mr DeJoria is now a billionaire with a net worth of $3.1billion (£2.47billion) as of March this year. He made his fortune through co-founding Paul Mitchell hair products and the Patron Spirits Company – but he was not always so lucky.
Back in June 2017, Forbes explained: “Twenty-four years ago, DeJoria was a homeless single father.
“He now lives in a $50million (£39.8million) estate in Malibu with all the toys a man could want: motorcycles, cars, a private jet.
“He works hard and gives back as much, if not more than he takes in.
John Paul DeJoria, entrepreneur and billionaire (Image: Getty)
DeJoria is now the head of Paul Mitchell hair products and Patron Spirits Company (Image: Getty)
“With each undertaking, he thinks not only of how much money can be made, but how he can help people, animals, and the environment.”
The article continued: “Each business decision is always in line with a philanthropic decision.”
Forbes also listed him as the 648th in its 2020 Rich List.
Yet, the first time he was homeless Mr DeJoria was 22 with a two-year-old son to care for.
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Entrepreneur: DeJoria overcame being homeless on two separate occasions to grow a business empire (Image: Getty)
In a profile of the entrepreneur, the publication explained: “He slept in his car and sold shampoo door-to-door before he teamed up with Paul Mitchell in 1980 and turned $700 into John Paul