Billionaire John Paul DeJoria tells Tim Ferriss how he went from twice-homeless to building Paul Mitchell and Patrón.

John Paul DeJoria — American entrepreneur and philanthropist named one of Forbes' 100 greatest living business minds. He co-founded John Paul Mitchell Systems and Patrón tequila (sold to Bacardi in 2018), and signed the Giving Pledge.
John Paul DeJoria recounts his rags-to-riches story, including two stretches of homelessness and being fired from three companies before launching John Paul Mitchell Systems with roughly $700 in 1980. He explains the sales philosophy that built both Paul Mitchell and Patrón: be in the 'reorder business' by selling only the very best product and telling customers the truth. He shares how Patrón pioneered the ultra-premium tequila category despite a $37 price tag versus $4-5 competitors, and how he overcame distributors who insisted there was a ceiling on sales. The conversation also covers his fitness and diet habits at 75, his deliberate avoidance of email in favor of phone and fax, his biannual solo retreats for life reassessment, and his extensive philanthropy spanning homelessness, ocean conservation, and food rescue.
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“It's called Daily Restore. It's a probiotic that's made up of, I believe, nine probiotics. These super probiotics that they make are just phenomenal.” — John Paul DeJoria 00:13:58Find it on Amazon
Caymus Vineyards (inferred)
“I like a Caymus Private Reserve. Caymus is a good red wine, but their Private Reserve Cabernet is really incredible.” — John Paul DeJoria 00:15:31Find it on Amazon
Chateau Lafite Rothschild (inferred)
“You know, the Chateau Lafite Rothschilds and Chateau Margauxs are very good, too.” — John Paul DeJoria 00:15:31Find it on Amazon
Chateau Margaux (inferred)
“You know, the Chateau Lafite Rothschilds and Chateau Margauxs are very good, too.” — John Paul DeJoria 00:15:31Find it on Amazon
John Paul Mitchell Systems
“In 1980, John Paul and hair stylist Paul Mitchell converted a partially borrowed $700 into John Paul Mitchell Systems, the largest privately held salon hair care line.” — John Paul DeJoria 00:04:41Find it on Amazon
Patron Spirits Company (inferred)
“In 1989 he co-founded Patron, the first ultra-premium tequila and now the world's number one ultra-premium tequila, which he sold to Bacardi in 2018.” — John Paul DeJoria 00:05:13Find it on Amazon
ROKiT
“The top phone that ROKiT sells, this is the top smartphone, a first class smartphone all the way, is $299. That's the most expensive one they have.” — John Paul DeJoria 01:17:48Find it on Amazon
John Paul DeJoria (inferred)
“Pick up the documentary Good Fortune. It talks about the whole story, how to survive through homelessness, and how to create two businesses that turned out to be billion-dollar businesses.” — John Paul DeJoria 00:24:55Find it on Amazon
Ilana Edelstein
“A lady named Ilana Edelstein wrote a book called The Patron Way. It's very interesting to read that book of hers. It's a great book to study off of.” — John Paul DeJoria 00:49:42Find it on Amazon
Dale Carnegie
“How to Win Friends and Influence People by Dale Carnegie. This book is one of the best books ever written on how to make people feel good. I recommend it to so many people.” — John Paul DeJoria 01:13:36Find it on Amazon