What Is The Net Worth of Grant Cardone?
With a net worth of $600 million, Grant Cardone is an American author, real estate investor, entrepreneur, and motivational speaker. Professional sales trainer Grant Cardone also speaks on social media, entrepreneurship, real estate investing, and finance. He is the CEO of seven privately owned firms, has authored eight business books, oversees thirteen business programs, and claims to be managing assets worth over $4 billion. Best-selling books on business, sales, and personal development that Cardone has authored include “The 10X Rule,” “Sell or Be Sold,” and “If You’re Not First, You’re Last.”
Owning a multi-million dollar real estate portfolio, he is a successful real estate investor who often offers his ideas and insights through speaking events, books, and courses. Cardone established Cardone Capital in 2016 to invest in and manage multi-family residential real estate. Grant Cardone has a sizable social media following and is well-known for his inspirational posts, business guidance, and candid glimpses into his personal life.
Grant appeared in the second season of “Undercover Billionaire,” a reality series on Discovery Channel, in 2021. Grant is not a billionaire, despite what you may have noticed. Glenn Stearns, the first season’s star, wasn’t a billionaire either.
Childhood
On March 21, 1958, Grant Cardone was born in Lake Charles, Louisiana. Concetta Neil Cardone (who died in 2009) and Curtis Louis Cardone (who died in 1968) were his parents. Grant is the fourth of five children, with a twin brother named Gary. He completed his education at Lake Charles’ LaGrange High School and McNeese State University in 1981. Ultimately, he would receive the 2010 Distinguished Alumnus Award from McNeese State University.
Career
Grant decided not to continue in his initial career of accounting after graduating from college, and in 1987 he relocated to Chicago, Illinois, to work for a sales training organization. After traversing the country, he lived in Houston, Texas, for five years, La Jolla, California, for twelve years, and Los Angeles, at last. Grant became addicted to drugs along the way and checked himself into rehab at the age of 25. After he got out of rehab, he became a millionaire in five years.
He started making his money while selling cars, and he eventually rose to the position of CEO of Freedom Motorsports Group Inc. The 2011 National Geographic reality series “Turnaround King” was developed with his assistance. In addition to helping train salespeople from auto dealerships, Grant is the owner of Cardone Enterprises, Cardone Acquisitions, Cardone Training Technologies, and The Cardone Group.
A number of books have been written by Grant Cardone, such as “If You’re Not First, You’re Last,” which made the Wall Street Journal and New York Times bestseller lists and debuted at number one on Amazon and Barnes & Noble. Starring in the web series “The G&E Show,” which they self-produced, are Grant and his spouse Elena. Cardone was ranked #7 on Richtopia’s global list of the 500 most powerful CEOs worldwide in 2016. “Forbes” magazine ranked him as the top marketer to watch in 2017. Joan Rivers and Cardone’s house were highlighted in “How’d You Get So Rich?”
Empire Real Estate
Cardone founded Cardone Capital, an investment company, and used it to build an empire in real estate on his own. According to his biography, the corporation has been involved in real estate transactions worth billions of dollars and currently owns residential buildings in the United States valued at about $2.7 billion. There has been no independent confirmation of that number.
His passion for real estate started at an early age, but it took off when he acquired a Houston single-family home at age 29 and started renting it out. After the tenants vacated, he sold the building, and five years later, with just a $350,000 down payment, he purchased a 38-unit San Diego complex for $1.9 million. After a month, he purchased an additional complex. He kept buying other buildings, and by 2012, Cardone Capital had amassed a $58 million portfolio consisting of 1,016 apartments.
Individual Life
Cardone is wed to Elena Lyons, an actress. The two daughters of the marriage are Sabrina and Scarlett. His affiliation is with the Church of Scientology. At the age of 35, Grant was in a prior marriage that ended after just a year. He paid her $1 million in settlement.
Malibu Estate
Grant spent $40 million for a house in Malibu, California, in January 2022. The house measures 9,500 square feet and is situated on Carbon Beach. It was once listed for fifty million dollars. Vadim Shulman, a Ukrainian oligarch, sold the home in 2014 for a price of $25 million. Hollywood producer Jeffrey Katzenberg and billionaire Larry Ellison, the inventor of Oracle, are next-door neighbors. Grant reportedly put up the mansion for sale for $65 million or lease at $250,000 a month in May 2024, according to reports.
The artist Lionel Richie paid $18 million for the house he previously owned in Los Angeles.
It was disclosed in May 2021 that Cardone was Tommy Hilfiger’s buyer of the Golden Beach, Florida, property. He made a $28 million payment. In May 2024, he put this house up for sale, asking $42 million.
