Sales: $456 million.
Key Personnel: John Paul DeJoria, co-founder and chairman; Michaeline DeJoria Heydari, vice chairman; Angus Mitchell, co-owner and artistic director.
Major Products: Professional hair care products. Brands include Paul Mitchell, Tea Tree, ManulaOil, Neuro, Neon, Awapuhi Wild Ginger and Mitch.
New Products: InvisibleWear shampoos, conditioners and styling whips; MVRCK men’s grooming and styling products.
Comments: John Paul Dejoria is the one-time homeless man who controls the largest privately-held professional hair care company in the world. At 73, he’s still following three simple rules for success:
- Always be prepared for rejection;
- Make sure your product or service is the best it can be; and
- Doing good is good for you and your business.