How Is the Net Worth of Grant Cardone? Grant Cardone Net Worth in 2022: Grant Cardone is a professional sales trainer and a speaker on leadership, real estate investing, entrepreneurship, social media, and finance who has a net worth of $600 million.
He has written eight business books, runs thirteen business programs, and is the CEO of seven privately-held companies.
Grant Cardone is a billionaire who has an estimated net worth of $2.6 billion.
Grant Cardone is a New York Times best-selling author and an internationally recognized speaker on leadership, real estate investing, entrepreneurship and finance. He earns most of his income from his career as a sales trainer, motivational speaker, real estate investor, and author.
Cardone is also an experienced private investor in multifamily properties and owns a portfolio of over 3,800 apartment units in the U.S. with transactions valued at more than $500 million.
In addition to real estate investments, e-commerce is another important source of income for Grant Cardone. He has built a $40 million-a-year e-commerce business.
Grant Cardone Net Worth Overview
|Net Worth:||$2.6 Billion|
|Monthly Salary:||$5 Million|
|Annual Income:||$182 Million per year|
|Source of Wealth:||Entrepreneur, Investor, Motivational Speaker, Writer, Radio Personality, Sales Trainer|
Grant Cardone Early Life & Family
A native of Lake Charles, Louisiana, Grant Cardone was born on March 21, 1958. Concetta Neil Cardone (deceased in 2009) was his mother, while Curtis Louis Cardone (deceased in 1968) was his father.
The fourth child of five children, Grant has a twin brother named Gary.
Cardones mother, who had no education or work experience, had to care for her five children alone after her husband died when he was ten years old.
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.
Cardone decided to change his life when he was 25 years old. Following his release from rehab, he gave up substance abuse to make the most of his life.
Grant Cardone Career
After college, he 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.
Grant Cardone in Real Estate
Cardones first investment was a single-family property in Houston. At first, it was a successful investment as he rented it to tenants for a few months.
However, after the tenants left, his cash flow dried up. He learned a crucial lesson: never depend on one tenant for cash flow.
He sold that property, and 4 years later, he bought his second property at 29. This property was a multi-family household. By this point, with the sale of his first and second properties now generating cash flow, he quickly bought his third property.
He kept investing in more and more real estate. He started his own company, Cardone Capital, and by 2012 it was one of the largest private-party real estate companies in Florida. Today he owns over 4,500 apartments.
Grant Cardone has been investing in multifamily housing since the mid-1990s. In 2015, he founded Cardone Capital, a real estate crowdfunding platform with over $2 billion in assets.
He is reported to own and control $800 million worth of investments in the United States through his companies. His multi-million-dollar real estate empire spans Alabama, Arizona, California, Florida, Georgia, North Carolina, Tennessee, and Texas.
Cardone attended LaGrange High School in Lake Charles and graduated from McNeese State University in 1981 with a degree in accounting. In 2010, McNeese State University presented him with the Distinguished Alumnus Award.
However, Cardone doesnt think he learns much in school about the basics of learning financial literacy, building strong relationships, increasing income, or starting a business that has made him successful.
Cardone built an empire through his investment vehicle, Cardone Capital. According to his biography, the company has been involved in billions of dollars worth of real estate transactions and currently owns $2.7 billion worth of apartment buildings in the United States. No independent source has verified this amount.
When he was 29, he bought a Houston single-family home that he rented out, and his interest in real estate grew.
The property was sold after the tenants left, and five years later he bought a 38-unit complex in San Diego for $1.9 million, with a down payment of just $350,000.
Will Grant Cardone Go Bankrupt?
Although Cardones path to wealth was not an easy one, he managed to build an empire until he was struck with Coronavirus.
Many of Cardones products and services would suffer in a post-Coronavirus economy.
Due to the governments massive shutdown of 10X conferences, it may need to move to an online forum to generate revenue.
Grants real estate empire could suffer from heavy debt, according to his online opponent MeetKevin, who attacked him online.
As with any business that has been affected by the pandemic in the world, Grants tenants have been struggling to make payments, putting him in a difficult position financially.
His revenue keeps declining despite the huge debt service payments he must make. Do Grants financial reserves cover all of his obligations?
His sales training program is also problematic. In the past, there has always been a need for businesses to hire excellent salespeople, but that has dramatically declined since the Coronavirus outbreak
Grant Cardone’s Personal Life & Wife
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 Cardone is married to actress Elena Lyons. Their daughters are Scarlett and Sabrina. They belong to the Church of Scientology.
How Did Grant Cardone Become So Successful?
Grant Cardone was the youngest of five children and was raised by his mother after his father died at the age of 10. He experienced a rough upbringing and went through the perils of drug addiction for close to a decade. But fortunately, he eventually decided to turn his life around at the age of 25.
Grant Cardone would then go on to find his initial success as a Car Salesman. After realizing the power of self-education, he went on to become one of the best salespeople in the automobile sales industry.
And then after abruptly losing his job in the industry, he would go on to create his sales consulting business which he rapidly grew through sheer willpower, work ethic, and an obsession with success.
Fun Facts: Grant Cardone
- Grant Cardone has 4.1 million Instagram followers, 6.7 million Facebook Followers, 2.21 million YouTube subscribers, and 596 thousand Twitter followers. This comes out to a total of 13.5 million social media followers.
- Grant Cardone was born March 21, 1958, in Lake Charles, Louisiana U.S.A.
- Grant Cardones investment philosophy is that everyone should rent where they live. In other words, NOT become a homeowner. He believes that renting where you live, and then investing in properties only to rent out to others, is the most optimal investment strategy for getting rich.
- Grant Cardone is married to Spanish model and actress Elena Lyons.
- Grant Cardone became a millionaire at the age of 30.
- Cardone managed to turn a $3,000 investment into a $5 Billion real estate portfolio.
- Cardones first job was working as a busboy for a country club.