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James Jannard Net Worth

What is James Jannard’s net worth in 2024?

James Jannard is a $2.4 billionaire designer and businessman from the United States. With that kind of money, Jim is among the wealthiest people in Washington. James Jannard established Oakley in 1975, headquartered in the San Juan Islands, Washington. The company first focused on supplying rubber grips for motorbikes and BMX bikes. He started the business out of his car’s trunk. After nine years, he began producing sunglasses.

The company gained notoriety when he persuaded well-known BMX and Motocross athletes to wear his glasses. After going public in the middle of the 1990s, Oakley started producing accessories like goggles, clothes, and shoes. In 2007, James Jannard sold Oakley to the Italian business Luxxotica for $2.1 billion. He did not sell the company outright. According to reports, he kept a sizable share and still gets dividends from Oakley’s sales.

James Jannard established RED, a digital camera firm, in 2005. Their cameras have been utilized to capture feature productions like “The Social Network,” “The Girl with the Dragon Tattoo,” and “The Hobbit,” among many others. RED has gone on to become a very successful camera firm. Ren-Mar Studios in Hollywood was purchased by RED in 2010 and rebranded as RED Studios Hollywood.

Jim Jannard Real Estate

Jannard privately owns the Fijian islands of Kaibu and Vatu Vara, which are part of the Lau archipelago. He also owns the 516-acre Spieden Island in Washington state’s San Juan archipelago. Among Jannard’s other holdings are homes in Beverly Hills, Malibu, and Newport Beach, all in Southern California. In 2020, he sold his three Kauai, Hawaii, properties for $37 million.

James Jannard paid $74.5 million for this opulent property in Malibu, California 2013. This land was left over from the late Mark Hughes, the founder of Herbalife. This house held the record for the most expensive Malibu home sold for several years. With several sales of more than $100 million, the record has now been surpassed. Jim also has an 11-acre ranch-style property in Malibu for which he paid $2.5 million in the same year. His principal abode is a nine-acre mansion situated on the coast of Orca Island, Washington. In addition, he owns the whole of Spieden Island, a nearby island to which he paid $22 million in 1997.

The Jannard portfolio includes a mansion in Newport Coast, California, a 14,000-square-foot house in Las Vegas that was bought in 2008 for $11.5 million, and two homes in Beverly Hills that were purchased for $5.2 and $19.9 million, respectively.

Early Life Of James Jannard

James Jannard was born in Los Angeles, California, on June 8, 1949, and raised in Alhambra. His brother Al Jr. went up to become a druggist; his family ran a drugstore. After graduating from Alhambra High School, he enrolled in the pharmacy program at the University of Southern California. However, after falling out with his instructors over bringing his dog to class, James Jannard eventually left USC. He then rode a motorcycle across the southwest region of the country.

Life Of James Jannard

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Oakley Of James Jannard

In 1975, James Jannard started the firm Oakley with a $300 investment. He called the business after his English Setter dog. Custom handlebar grips, motorbike and ski goggles, and other eyewear were among the sports-related products that James Jannard eventually started creating. He began by selling motorcycle parts out of his car at motocross events. Oakley employed over 200 people in 1991, and the business went public in 1995. Subsequently, beginning in 2004, James Jannard made significant stock purchases in Oakley, increasing his personal ownership position to 63% by 2006. That same year, Oakley paid more than $55 million to acquire the high-end eyeglasses company Oliver Peoples and $110 million to acquire Eye Safety Systems.

In a financial transaction valued at $2.1 billion, Jannard sold Oakley to the Italian eyeglasses giant Luxottica towards the end of 2007. Consequently, the brand was added to a portfolio that included well-known eyewear brands like Persol and Ray-Ban. As a result of the takeover, Oakley’s manufacturing was forced to relocate from the United States to China, with many of its eyeglass parts being made there.

Red Digital Cinema Of James Jannard

In 2005, Jannard, who calls himself a “camera fanatic” and has amassed over 1,000 camera models, started Red Digital Cinema, a camera manufacturer. His objective was to create a 4K digital camera that would be reasonably priced for the film business. 2007, the company introduced the Red One, its first production camera. The camera was utilized to record movies, including David Fincher’s “The Girl with the Dragon Tattoo” and Steven Soderbergh’s “Che” and “The Informant!” It could record up to 120 frames per second at 2K resolution and 60 frames per second at 4K quality. The Red Epic, made available by Red Digital Cinema in 2010, was utilized to film movies, including Baz Luhrmann’s “The Great Gatsby” and Peter Jackson’s “Hobbit” trilogy.

Red Digital Cinema is a Californian company based in the Foothill Ranch district of Lake Forest. It also has offices in London, Shanghai, Singapore, and Hollywood studios. The business also operates several authorized resellers and service facilities worldwide, and its retail locations are in Hollywood, New York City, and Miami.

Conclusion

In conclusion, James Jannard’s net worth is a testament to his entrepreneurial prowess, vision, and relentless pursuit of excellence. From founding Oakley Inc. to revolutionizing the digital cinema industry with Red Digital Cinema, Jannard’s impact on the business world is undeniable. His philanthropic endeavors further highlight his commitment to making a difference in the lives of others. As we reflect on his remarkable achievements, we are reminded that true success is measured not only by financial wealth but by the legacy we leave behind.

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