What Is Grant Cardone's Net Worth?
Grant Cardone is an American entrepreneur, author, motivational speaker, and real estate investor with an impressive net worth of $600 million. Known for his expertise in sales training and leadership, Cardone has influenced countless people through his seminars, books, and social media presence. He manages seven private companies, with over $4 billion in assets under management. Among his notable works are best-selling books like "The 10X Rule," "Sell or Be Sold," and "If You're Not First, You're Last."
As a real estate mogul, Cardone's extensive multi-million dollar portfolio includes numerous properties. In 2016, he founded Cardone Capital, specializing in multi-family residential properties. Cardone's motivational content and business acumen have garnered him millions of followers across social media platforms.
In 2021, Grant appeared in the second season of Discovery Channel's reality series "Undercover Billionaire." Despite his success, he is not a billionaire. Notably, the first season star, Glenn Stearns, was also not a billionaire.
Early Life
Born on March 21, 1958, in Lake Charles, Louisiana, Grant Cardone was the son of Curtis Louis Cardone and Concetta Neil Cardone. He has a twin brother named Gary and is the fourth of five siblings. Cardone graduated from McNeese State University in 1981 and received the McNeese State University Distinguished Alumnus Award in 2010.
Career
Choosing not to pursue his degree in accounting, Grant moved to Chicago in 1987 to work for a sales training company. He eventually settled in Los Angeles after stints in Houston and La Jolla. Battling and overcoming a drug addiction by the age of 25, Cardone became a millionaire within five years of rehab.
He made his first significant earnings in automobile sales and later became the CEO of Freedom Motorsports Group Inc. Cardone also developed the National Geographic reality series "Turnaround King" in 2011. His business enterprises include Cardone Enterprises, Cardone Acquisitions, Cardone Training Technologies, and The Cardone Group. He is renowned for his efforts in training car dealership sales personnel.
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One of his significant achievements is the book "If You're Not First, You're Last," which topped Amazon and Barnes and Noble charts and was also a "Wall Street Journal" and "New York Times" bestseller. Grant and his wife Elena star in "The G&E Show," a popular self-produced web series. He was listed by Richtopia at #7 on the global list of the 500 most influential CEOs and named the #1 marketer to watch by "Forbes" in 2017. His home was showcased on "How'd You Get So Rich?" with Joan Rivers.
Real Estate Empire
Grant Cardone built a massive real estate empire primarily through his investment firm, Cardone Capital. The firm has been involved in billions of dollars worth of real estate transactions and currently manages around $2.7 billion worth of properties across the U.S., according to his own reports.
His real estate journey began at 29 with the purchase of a single-family home in Houston. He sold it after the tenants moved out. His first significant venture was a 38-unit complex in San Diego for $1.9 million, paying $350,000 as a down payment. Cardone quickly expanded his portfolio and by 2012, Cardone Capital owned 1,016 apartments worth $58 million.
Personal Life
Grant is married to actress Elena Lyons, and they have two daughters, Scarlett and Sabrina. He is a member of the Church of Scientology. Grant had a previous marriage that ended after a year with a settlement of $1 million.
Malibu Mansion
In January 2022, Grant purchased a $40 million home in Malibu, California, located on Carbon Beach. The 9,500-square-foot residence was initially listed for $50 million and was sold by Ukrainian oligarch Vadim Shulman, who bought it for $25 million in 2014. The mansion's immediate neighbors include billionaire Oracle founder Larry Ellison and movie mogul Jeffrey Katzenberg. In May 2024, Cardone listed this property for sale at $65 million or for rent at $250,000 per month. Here is a video tour:
He also previously owned a home in Los Angeles, which musician Lionel Richie purchased for $18 million.
In May 2021, it was revealed that Cardone bought Tommy Hilfiger's mansion in Golden Beach, Florida, for $28 million. He listed this Florida property for sale at $42 million in May 2024. Here is a video tour of this house:
