Jon Koon made his first million when he was 16. With an incessantly curious mind and an ability to function on three hours' sleep a night, Koon has spent the past 25 years starting businesses at an almost frantic rate.
Koon began his career importing Asian car-tuning parts through Extreme Performance Motorsports, but now owns a global fashion empire with brands such as 8732, Private Stock and Haculla. He is an accomplished fine artist and used to spend his time shuttling between his native New York and Paris, Hong Kong and China. It is little wonder that Forbes had him on track to becoming a billionaire.
Then along came Covid-19. Like many, Koon was deeply affected by the pandemic, which caused him to retreat from Manhattan to the surrounding countryside. The switch put him in touch with nature, something he says he had “never really noticed before”, while the stress and uncertainty of the times reawakened a sense of community.
As he had more hours than ever to reflect, he says he began to wonder: “I grew up with ads on television about donating to help feed people in other countries. We don’t have those ads any more. Did suddenly everyone get full and wealthy, or did we stop bothering? This really stuck with me.”
Koon began to pivot his factories from churning out apparel to producing personal protective equipment (PPE), but discovered that only medical staff in the US could access the medical-grade N95 face masks. Alarmed that the general public were left to make do with inferior masks, he set about making his own high-grade alternatives, which came in bright neon colours and were endorsed by Oprah Winfrey as her favourite brand.
So far, so successful. However, Koon’s new project was also a direct reflection of his altruistic mindset, of his conviction that “if you have the luxury of buying something you don’t necessarily need, you should be giving back to someone who has nothing at all”.
Accordingly, Koon decided to donate a percentage of his proceeds to helping those less fortunate. “Ten per cent of all sales was allocated to giving medical supplies to people in need. It’s science meets fashion. Let’s be healthy and let’s care about each other,” he says.
While still keeping philanthropy at the fore, his next venture sprung from a very different source, the Netflix reality series Bling Empire. “It was crazy rich Asians being obnoxious,” he laughs. “I ended up supplying them with clothes because I am more than happy to support Asians on television.”
One of the stars, Kane Lim, approached Koon to start a clothing line off the back of the series. While he turned that down, it got him thinking about other possibilities.
Intrigued by Lim’s observation that the series was “the first time Asians are being watched by the western world and it’s not kung fu”, Koon sensed there was a huge opportunity, he just didn't know what. “I am Chinese-American, born and raised in New York, and I am about representation, so I said, 'let me sleep on it'.”
Surrounded by the unstoppable rise of streaming, reality TV and social media, Koon soon began connecting the dots. “What if we started a fashion brand using the influence of streaming? What if we took the idea of Pangaia – sustainable Uniqlo in different colours – and mixed it with the ice bucket challenge and athleisure and collaborations?”
“Look what Kim Kardashian did with Skims and Kylie Jenner did with Kylie Cosmetics. These are the most significant brand launches in recent years and they came from streaming TV and social communications.”
The idea, he explains, was to launch a socially minded clothing brand that would catch people's attention. It needed to have an element of luxury “for the bling”, and had be sustainable and organic, using cotton from Japan rather than China, “because everything comes from China”.
It also needed to collaborate with celebrities and influencers and called for a catchy name. “They will be wearing this tacky word 'bling' but that stands for ‘Because Life is not Guaranteed’ in this case, and every piece of this is blockchained to a specific charity,” says Koon.
“You purchase a hoodie and I take 10 per cent and feed a child for 45 days. You buy a pair of jogging pants and 10 per cent gives a kid access to clean water for three months. Tying each purchase to technology is key,” he explains. “Blockchain is transparency in charity.”
In terms of representation, Koon hit on the idea of linking to regional public figures, “because communication is so much more powerful when it’s localised”.
Bling is now a reality and, with Lim as co-founder, has spread across the US, China, Thailand, South Korea and the UAE, in each case teaming up with local influencers and pop stars for added visibility.
In Dubai, it was unveiled at Bauhaus last month and, rather fittingly, is tied in with the TV series Dubai Bling, with three cast members – Danya Mohammed, DJ Bliss and Ebraheem Al Samadi – offering support.
Koon believes linking each purchase to a charitable donation is a win-win situation. “Not everyone has the time of day to be charitable, so let’s make it easy,” he says. “We are also sustainable, eco-friendly and don’t use bad chemicals or cheap fabrics. It’s a socially responsible and fully transparent company.”
It’s also stylish. In tones of camel, dusty pink, sea-foam green, nude, black and white, the collections are sporty and range from second skin, crop tops with logos to oversized hoodies with colourful strings. The letter B in the Bling logo echoes the dollar sign, while DJ Bliss’s collection has the name in citrusy tones of tangerine and lime in both English and Arabic.
Every item sold raises money for three charities: Serve the City Dubai, Dubai Cares and Red Crescent.
Given Koon’s track record of plugging into the zeitgeist and launching products that fly off the shelves (while, undeniably, making him a very rich man), it is safe to assume that Bling will be equally well received. Importantly, however, Koon’s priority has shifted away from merely creating intriguing fashion.
“If it’s not about social responsibility, I am just not interested in it any more,” he says.
UAE currency: the story behind the money in your pockets
The specs
Engine: 3.8-litre twin-turbo flat-six
Power: 650hp at 6,750rpm
Torque: 800Nm from 2,500-4,000rpm
Transmission: 8-speed dual-clutch auto
Fuel consumption: 11.12L/100km
Price: From Dh796,600
On sale: now
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
UAE v Zimbabwe A, 50 over series
Fixtures
Thursday, Nov 9 - 9.30am, ICC Academy, Dubai
Saturday, Nov 11 – 9.30am, ICC Academy, Dubai
Monday, Nov 13 – 2pm, Dubai International Stadium
Thursday, Nov 16 – 2pm, ICC Academy, Dubai
Saturday, Nov 18 – 9.30am, ICC Academy, Dubai
Martin Sabbagh profile
Job: CEO JCDecaux Middle East
In the role: Since January 2015
Lives: In the UAE
Background: M&A, investment banking
Studied: Corporate finance
More from Rashmee Roshan Lall
What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
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What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
The specs: Fenyr SuperSport
Price, base: Dh5.1 million
Engine: 3.8-litre twin-turbo flat-six
Transmission: Seven-speed automatic
Power: 800hp @ 7,100pm
Torque: 980Nm @ 4,000rpm
Fuel economy, combined: 13.5L / 100km
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Dr Afridi's warning signs of digital addiction
Spending an excessive amount of time on the phone.
Neglecting personal, social, or academic responsibilities.
Losing interest in other activities or hobbies that were once enjoyed.
Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.
Experiencing sleep disturbances or changes in sleep patterns.
What are the guidelines?
Under 18 months: Avoid screen time altogether, except for video chatting with family.
Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.
Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.
Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.
Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.
Source: American Paediatric Association
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
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