James Jannard Net WorthReal Name: James Jannard
Date of Birth: 1949
Place of Birth: Los Angeles, California
2017 Net Worth: $3.6 Billion
Profession: Founder of Oakley Inc., Founder of Red Digital Cinema
James Jannard Biography
James Jannard was born in 1949 in Los Angeles, California, and grew up in the Alhambra, California area. Son of a pharmacist, Jannard attended the USC School of Pharmacy, but dropped out. He decided to see the world and began by traveling throughout the southwest United States on a motorcycle. He began to sell motorcycle parts out of his car at motocross events in the mid-1970’s. He named his company after his dog, Oakley, and started it with a $300 dollar investment. Soon, Jannard began to create and develop his own products. He was fond of saying “Everything in the world can be made better; the only questions are when and by whom?”
Jannard’s first products were motorcycle goggles, custom handlebar grips, ski goggles, and sunglasses. During the 1980’s, Jannard limited the sale of his Oakley sunglasses to the Sunglass Hut. By 1991, his one man operation had more than 200 employees and by the mid 1990’s, Oakley went public. Jannard sold Oakley in 2007 for more than $2 billion.
Jannard founded RED Digital Cinema in 2005. In 2007, Jannard released RED ONE, which was used to shoot several movies including Wanted, The Girl with the Dragon Tattoo, Che, and The Informant. RED released the RED EPIC in 2010, which as used to shoot successful movies such as The Amazing Spiderman, The Hobbit, Pirates 4, and The Great Gatsby, along with many others. Jannard has been named one of the 100 Most Creative People by Fast Company Magazine.
Jannard enjoys his money to the fullest. He owns the Fiji islands of Vatu Vara and Kaibu, along with a 500 acre island in the San Juan Islands. Jannard also owns two large parcels of properties in the exclusive Newport Beach area of California, for a reported $15 million. Jannard has a current net worth of $3.6 billion. Not bad for borrowing a dog’s name and a $300 dollar investment.