What Is Grant Cardone's Net Worth?
Grant Cardone is an American entrepreneur, author, motivational speaker, and real estate investor who has a net worth of $600 million. Grant Cardone is a professional sales trainer and a speaker on leadership, real estate investing, entrepreneurship, social media, and finance. He has written eight business books, runs thirteen business programs, and is the CEO of seven privately-held companies and claims over $4 billion in assets under management. Cardone has written several best-selling books on sales, business, and personal development, including "The 10X Rule," "Sell or Be Sold," and "If You're Not First, You're Last."
As a successful real estate investor, he owns a multi-million dollar real estate portfolio and frequently shares his strategies and insights through his books, courses, and speaking engagements. In 2016, Cardone founded Cardone Capital, a real estate investment firm that focuses on acquiring and managing multi-family residential properties. With a significant following on various social media platforms, Grant Cardone is known for his motivational content, business advice, and insights into his personal life.
In 2021 Grant starred in the second season of Discovery Channel's reality series "Undercover Billionaire." As you may have noticed, Grant is not a billionaire. The star of season 1, Glenn Stearns, was also not a billionaire.
Early Life
Grant Cardone was born on March 21, 1958, in Lake Charles, Louisiana. His parents were Curtis Louis Cardone (who died in 1968) and Concetta Neil Cardone (who passed away in 2009). Grant has a twin brother named Gary and is the fourth of five children. He attended LaGrange High School in Lake Charles and graduated from McNeese State University in 1981. He would eventually be awarded the McNeese State University Distinguished Alumnus Award in 2010.
Career
After college, Grant chose not to pursue his original field of accounting, and he moved to Chicago, Illinois, in 1987 to work for a sales training company. He traveled across the United States and settled in Houston, Texas, for five years, La Jolla, California, for 12 years, and then finally Los Angeles. Along the way, Grant developed a drug problem and, at age 25, entered rehab. Within five years of leaving rehab, he was a millionaire.
He began earning his fortune while he worked in automobile sales and became the CEO of Freedom Motorsports Group Inc. He helped develop the reality series "Turnaround King" for National Geographic, which aired in 2011. Grant owns Cardone Enterprises, Cardone Acquisitions, Cardone Training Technologies, and The Cardone Group and helps train salesmen from car dealerships.
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Grant Cardone has authored several books, including "If You're Not First, You're Last," which hit #1 on Amazon and Barnes and Noble and made the "Wall Street Journal" and "New York Times" bestseller lists. Grant and his wife Elena also star in the self-produced web series "The G&E Show." In 2016, Cardone was listed on Richtopia at #7 on the global list of the 500 most influential CEOs in the world. He was named the #1 marketer to watch by "Forbes" magazine in 2017. Cardone's home was featured on "How'd You Get So Rich?" with Joan Rivers.
Real Estate Empire
Cardone single-handedly built a real estate empire through his investment vehicle, Cardone Capital. The company has been involved in billions of dollars worth of real estate transactions and today owns around $2.7 billion worth of apartment buildings around the United States, according to his own biography. That figure has not been independently confirmed.
His interest in real estate began when he was very young but began to blossom at age 29 when he bought a single-family home in Houston that he rented out. He sold the property after the tenants left, and five years later, he acquired a 38-unit complex in San Diego for $1.9 million, paying a down payment of just $350,000. One month later, he bought another complex. He continued to purchase more complexes, and by 2012, Cardone Capital owned 1,016 apartments for a total of $58 million.
Personal Life
Cardone is married to actress Elena Lyons. The couple has two daughters, Scarlett and Sabrina. He is a member of the Church of Scientology. Grant had a previous marriage at age 35 that only lasted one year. He settled with her for $1 million.
Malibu Mansion
In January 2022, Grant paid $40 million for a home in Malibu, California. The 9,500-square-foot home is located on Carbon Beach. It had at one point been listed for $50 million. The seller was a Ukrainian Oligarch named Vadim Shulman who bought the house for $25 million in 2014. Immediate neighbors include billionaire Oracle founder Larry Ellison and movie mogul Jeffrey Katzenberg. In May 2024 it was reported that Grant had offered the house for sale for $65 million or for rent at $250,000 per month. Here is a video tour:
He previously owned a home in Los Angeles, which was bought by musician Lionel Richie for $18 million.
In May 2021, it was revealed that Cardone was the buyer of Tommy Hilfiger's mansion in Golden Beach, Florida. He paid $28 million. He listed this house for sale in May 2024 for $42 million. Here is a video tour of this house:
