How Much Is Grant Cardone Worth?

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When it comes to building wealth in the United States, Grant Cardone knows his way around a money move. Better yet, he’s taken his success and distilled it into palatable financial advice so others can do the same.

By the time Cardone was 30, he had made his first million dollars thanks to savvy real estate investing and a highly successful sales consulting company. Between his income and investments, Cardone has an estimated net worth of $600 million, according to Celebrity Net Worth.

However, aside from his companies, Cardone has more than $4 billion in assets, and his real estate investment firm has about $2.7 billion worth of apartment buildings domestically. Curious to know just how Cardone built his empire? Keep reading to find out more.

Early Life and Career

Grant Cardone was the fourth of five children born to Curtis and Concetta Cardone in Lake Charles, Louisiana on March 21, 1958. He has a twin brother, Gary. His dad died of a stroke when he was 10, leaving his family to struggle with poverty throughout Cardone’s lower middle-class childhood.

Lacking direction, Cardone began using drugs in high school, often getting kicked out for being high. He attended college because he promised his parents he would, and graduated in 1981 from Louisiana’s McNeese State University. As he began life, he was $40,000 in debt.

After starting his first job as a car salesman, and through four subsequent jobs from which he was fired, he continued using, overdosing multiple times, until at age 23 he was robbed, beaten and left for dead. His mom gave him an ultimatum that pushed him into rehab.

Five years later, he had started his first business, the Cardone Group, which provided consulting services to auto dealerships nationwide, and was already a millionaire. And in 2004, Cardone married Elena Lyons, an actress and model. They have two daughters together, Scarlett and Sabrina.

How Grant Cardone Started His Empire

Cars are where Cardone’s fortune began. As a young man, he was the CEO of Freedom Motorsports Group, Inc. where one of his main job functions was to train people to sell cars.

While still in his twenties, he branched out into real estate. His firm, Cardone Capital, has worked on billions of dollars’ worth of real estate deals. The company owns more than $2.7 billion worth of property in the U.S. as of reporting.

His first real estate venture came just before he was 30 years old when he rented out a single-family home he purchased in Houston. The investment failed, but it didn’t stop him from trying again. Five years later, he bought an apartment complex in San Diego for $1.9 million. 

He soon purchased a second complex. Through Cardone Capital, he owned 1,016 apartments for a total of $58 million by 2012. 

In 1990, he launched Grant Cardone University in Miami, Florida. The school offers an online sales training curriculum focused on teaching budding entrepreneurs the skills Cardone uses in his own business ventures and explaining how to create a billion-dollar real estate portfolio, or rather, real estate empire.

Cardone’s Further Financial Advice Success

Grant Cardone’s financial advice is both popular and sought-after. This means aside from being a private equity fund manager and real estate investor, he is also a best-selling author. He has published many books including, but not limited to:

• “The 10X Rule: The Only Difference Between Success and Failure” 
• “How To Create Wealth Investing In Real Estate: How to Build Wealth with Multi-Family Real Estate” 
• “Sell or Be Sold: How to Get Your Way in Business and in Life” 
• “Be Obsessed or Be Average” 
• “Millionaire Booklet: How to Get Super Rich” 
• “If You’re Not First, You’re Last: Sales Strategies to Dominate Your Market and Beat Your Competition” 
• “Sell to Survive”
• “Sell or be Sold”
• “Real Estate Investing Made Simple”
• “The Wealth Creation Formula”

Giving Back

The Grant Cardone Foundation mentors teens in financial literacy, particularly kids without fathers. He began the organization to help kids like him, without a dad because statistically, they become more inclined towards dropping out, drug use and incarceration.

Additionally, he donated the proceeds from his 2016 book, “Be Obsessed or Be Average,” to Drug Free America Foundation and the Foundation for a Drug-Free World.

Personal Real Estate Markets

Cardone has said real estate is his favorite asset class.

Last year, Cardone was in the process of selling a $65 million Malibu mansion and a $42 million Golden Beach, Florida, mansion, both of which he had previously purchased for $40 million and $24 million respectively. He claimed to be selling to further invest in other areas and have more multi-family properties as opposed to one or two big investments. 

In addition to real estate, he owns a few private planes and many fancy cars with a specific liking of Rolls Royce, Ferrari and Bentley. He also is a connoisseur of watches. Grant Cardone is a frequent public speaker, and his conference is considered to be the most popular entrepreneurial conference in America.

Caitlyn Moorhead contributed to the reporting for this article.

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