Net Worth Ranker
What Is Grant Cardone’s Net Worth?
Grant Cardone, a prominent figure in the realms of entrepreneurship, real estate investment, and motivational speaking, has amassed a considerable net worth estimated at $600 million. This substantial wealth is the result of diverse ventures spanning real estate, sales training programs, authorship, and leadership roles in multiple companies.
Early Life and Career Beginnings
Born on March 21, 1958, in Lake Charles, Louisiana, Grant Cardone’s journey began with his parents, Curtis Louis Cardone (deceased in 1968) and Concetta Neil Cardone (deceased in 2009). He is one of five children and has a twin brother named Gary. Grant attended LaGrange High School in Lake Charles and later graduated from McNeese State University in 1981, eventually receiving the McNeese State University Distinguished Alumnus Award in 2010.
Initially, Cardone did not pursue a career in accounting, his original field of study. In 1987, he moved to Chicago, Illinois, where he began working for a sales training company. His career took him across the United States, with stints in Houston, Texas, for five years, La Jolla, California, for 12 years, and ultimately Los Angeles. During this period, Cardone confronted and overcame a drug problem, entering rehab at the age of 25. Within five years of completing rehab, he had become a millionaire, marking a significant turning point in his life and career.
Cardone’s early entrepreneurial endeavors included working in automobile sales and later becoming the CEO of Freedom Motorsports Group Inc. He also contributed to the development of the reality series “Turnaround King” for National Geographic, which aired in 2011. His diverse business interests led him to establish Cardone Enterprises, Cardone Acquisitions, Cardone Training Technologies, and The Cardone Group, which provides sales training to car dealerships and other businesses.
Grant Cardone’s Diverse Business Ventures
Grant Cardone’s professional success extends into authorship, with several books achieving bestseller status. His book “If You’re Not First, You’re Last” reached #1 on Amazon and Barnes & Noble and appeared on the “Wall Street Journal” and “New York Times” bestseller lists. Cardone and his wife, Elena Lyons, also produce the web series “The G&E Show.”
Cardone has also received accolades for his business acumen, including being listed at #7 on Richtopia’s global list of the 500 most influential CEOs in the world in 2016. “Forbes” magazine named him the #1 marketer to watch in 2017. His home was also featured on “How’d You Get So Rich?” with Joan Rivers, showcasing his lifestyle and financial achievements.
In 2021, Cardone appeared in the second season of Discovery Channel’s reality series “Undercover Billionaire,” where he attempted to build a successful business in a new location with limited resources. This venture further solidified his reputation as a savvy entrepreneur and business strategist.
Real Estate Empire: Cardone Capital
Cardone’s real estate empire is primarily managed through Cardone Capital, his real estate investment firm. According to his biography, the company has been involved in billions of dollars worth of real estate transactions and owns approximately $2.7 billion worth of apartment buildings across the United States. It should be noted that this figure has not been independently verified.
His initial foray into real estate began at age 29 when he purchased a single-family home in Houston, Texas, which he rented out. After selling this property, he acquired a 38-unit complex in San Diego for $1.9 million, making a down payment of $350,000. One month later, he purchased another complex. By 2012, Cardone Capital owned 1,016 apartments worth a total of $58 million. These acquisitions marked the beginning of his substantial real estate portfolio.
Personal Life and Real Estate Holdings
Grant Cardone is married to actress Elena Lyons, and they have two daughters, Scarlett and Sabrina. Cardone is also a member of the Church of Scientology. Prior to his marriage to Elena, he was married at age 35, but the marriage lasted only one year, resulting in a $1 million settlement.
Cardone’s real estate holdings include high-value properties such as a Malibu mansion purchased in January 2022 for $40 million. The 9,500-square-foot home is located on Carbon Beach and was previously listed for $50 million. The seller was Ukrainian Oligarch Vadim Shulman, who had bought the house for $25 million in 2014. As of May 2024, Cardone offered the house for sale at $65 million or for rent at $250,000 per month. His neighbors include billionaire Oracle founder Larry Ellison and movie mogul Jeffrey Katzenberg.
Previously, Cardone owned a home in Los Angeles, which was sold to musician Lionel Richie for $18 million. In May 2021, Cardone purchased Tommy Hilfiger’s mansion in Golden Beach, Florida, for $28 million. He listed this property for sale in May 2024 for $42 million, indicating his strategy of continually acquiring and selling high-end real estate.
In summary, Grant Cardone’s estimated $600 million net worth is the result of his real estate investments managed through Cardone Capital, sales training programs, book sales, and various other business ventures, solidifying his position as a prominent entrepreneur and real estate investor.
