Grant Cardone’s net worth is $300 million, and he is a professional sales trainer and a speaker on leadership, real estate investing, entrepreneurship, social media. He has written eight business books, runs thirteen business programs, and is CEO of seven privately-held companies.
Early life
Grant Cardone was born in Lake Charles, Louisiana, on March 21, 1958. His parents were Curtis Louis Cardone (deceased in 1968) and Concetta Neil Cardone (deceased in 2009). Grant has a twin brother named Gary and was 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. He began earning his fortune while working in automobile sales and became the CEO of Freedom Motorsports Group Inc.
He helped develop the reality series Turnaround King for National Geographic in 2011. Grant owns Cardone Enterprises, Cardone Acquisitions, Cardone Training Technologies, The Cardone Group and helps train sales associates from car dealerships. In Grant Cardone’s words, he “…grew up poor.”
Born on March 21, 1958, in Lake Charles, Louisiana, he was one of four children – one of which is his identical twin brother, Gary. Losing his dad at the age of 10 began a spiral of troublesome behavior. As Grant explains, he had no male figure to look up to anymore after his father died.
| Name | Grant Cardone | |
| Age | 35 | |
| Born In | 1985 | |
| Net worth | $300 millions | |
| Current Status | Married |
He recognizes that he had people equal to him or less than him. “In everyone’s life, you have someone you’re looking up to or looking down to or looking sideways at.” – Grant Cardone. 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.
Summary
After college, he chose not to pursue his original accounting field, 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 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.
Career
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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 Nobles and made the Wall Street Journal’s and The New York Times bestseller lists. Grant and his wife Elena also star in the self-produced web series “The G&E Show.”
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In 2016, Cardone was listed on Richtopia at No. 7 on the global list of 500 most influential CEOs in the world. 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.
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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. As of 2021, at 63, Grant Cardone’s net worth figure is a reported $300 million. Known for his massive real estate empire, he’s also a sales coach, author, and motivational speaker.
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Grant Cardone’s first business was a consulting business. He worked with car dealerships and manufacturers in the United States and Canada. The goal was to make their sales processes more consumer-friendly, efficient, and profitable to end up with happy customers and dealers.
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Grant wanted to disrupt the auto industry, and the auto industry paid him to do it along the way. He consulted while still working in auto sales until he had enough money to invest in his second real estate investment.
Personal Life
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Cardone is married to actress Elena Lyons. The couple has two daughters, Scarlett and Sabrina. He is a member of the Church of Scientology. His rise to fortune and fame was met with many obstacles, yet his perseverance and devotion to making a deal let him be the business mogul he is today.
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Upon leaving rehab at age 25, Grant had a new lease on life. He hated his sales job but hated being broke even more. He also knew that having that job kept him busy and focused, so he didn’t have time for drugs. Grant became a millionaire within the next five years while working as a car salesman and investing in real estate on the side.
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“Your greatness is limited only by the investments you make in yourself” – Grant Cardone. While a car salesman, Grant Cardone invested in his first property, a single-family property in Houston. After renting to tenants for seven months, they left.
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Grant Cardone’s cash flow dried up. This would be his first lesson in real estate. He never wanted to depend on one tenant for income and cash flow. Five years later, he decided his next property would be a multi-family complex in San Diego. A month after his first multi-family purchase, he bought his second property. His strategy was to use money from the first two to fund the third.
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His multi-million dollar real estate empire covers Alabama, Arizona, California, Florida, Georgia, North Carolina, Tennessee, and Texas. With Grant’s “be obsessed or be average” motto, Cardone Capital is sure to grow and expand further.
Education
Grant’s life as a teen is certainly not reflective of the adult he later became. His teenage years were marred with drugs and alcohol. In and out of school due to detention and suspensions, Grant managed to graduate from high school. He later went on to graduate from McNeese State University in 1981. Grant would later be awarded the Distinguished Alumnus Award from McNeese in 2010.
Grant continued to use this strategy and slowly acquired more and more property. By 2012, Grant Cardone’s company was said to have the largest private party acquisitions in Florida – especially for a multi-family property. Today, he owns 4.500 apartments.
Cardone notes in interviews that his holdings are solely owned by him except a little less than 2% of his real estate portfolio, which is owned by outside partners, including family and friends. He keeps his company close and tight.
Most of his portfolio is financed with debt from banks and investors. He believes debt is good and money is a tool to trade for freedom. Grant Cardone’s net worth stems largely from leveraging debt. He pays it off with profits from monthly revenues.
Grant Cardone’s sales programs are used by several companies such as Google, Toyota, Aflac, and Ford Motor Company. Then there’s Grant Cardone TV, an on-demand business TV network. 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.
Cardone’s Early Career
Grant Cardone began his career after college working for a sales company. He lived in Houston, TX, LaJolla, CA, and Los Angeles. Within this timeframe, he developed a bad drug problem, leading him to do a stint in rehab.
“Approach every situation with an “in-it-to-win-it-whatever-it-takes” mind-set. Sound too aggressive? Sorry, but that is the outlook required to win nowadays.” – Grant Cardone. Cardone single-handedly built a real estate investment vehicle, Cardone Capital.
It has been involved in $425 million worth of transactions and reportedly owns $500 million worth of investment properties throughout the United States. Grant Cardone is now the owner of Cardone Capital, Cardone Training Technologies, Grant Cardone TV, and Grant Cardone Sales University, which all amass multi-millions annually.
His companies reportedly own and control $800 million worth of investment properties in the United States. Cardone spoke at one of Capitalism.com’s past events, Freedom Fastlane Live. His keynote covered what it looks like to 10X everything in life and business, acquiring hundreds of millions of dollars in property, and playing in the business big leagues.
From writing books and programs, The 10X Rule was born. It is a wildly popular stand-alone brand created by Grant Cardone. The book is solely based on the idea that you should figure out what you want to do. Then you multiply the effort it will take to get there by ten.
This relates to business, relationships, family, and money. Grant hosts a yearly three-day conference for business owners and entrepreneurs that reflects the principles of the book. The conference claims to change mindsets and behaviors that give people the confidence to up-level their lives.
This conference covers topics such as sales, marketing, creating a dream life, branding, and more. It challenges sales and marketing gurus to up their game ten times more than what they currently give to their profession.
Speakers graced the stage at this event were Steve Harvey, Tai Lopex, Sarah Blakely, Daymond John, Russell Brunson, Bethenny Frankel, and many more. They tell their stories of accomplishing life goals and how you, too, can do the same.
Personal Life of Grant Cardone
Grant Cardone is married to Spanish actress and model Elena Lyons. Together they live in Sunny Isles Beach, Florida, with their two daughters, Scarlette and Sabrina Cardone. Grant Cardone is a well-known family man.
When asked how he makes time for everything – he always mentions his family first. He knows this question is directed toward his time with his family, among all of his responsibilities spread across all his businesses.
Family Life Today
Today, Grant Cardone will tell you that he writes down everything he wants to succeed at and then obsesses over it. His family is on that list. He is committed to being a great father and husband. Grant is very creative in how he uses his time with his businesses and family to make it work for them.
Time with Wife and Kids
As a father, Grant Cardone spends his morning with his kids. They usually spend time out of the house at a local coffee shop or breakfast spot before school and work. This gives his kids quality time and stability with their father. He even takes them with him to the gym. He purposefully makes time for them in his life.
Grant Cardone family
A recent photo of Grant and his wife Elena, with their two daughters Scarlett and Sabrina. He and his wife work together, making it a little easier. Their work together is intentional and rewarding. They both work on projects that play to their strengths. This creates individuality while still working and playing together.
Scientology
Grant Cardone is a known Scientologist and doesn’t shy away from his affiliation to the organization. He credits Scientology with improving every area of his life, including his relationship with money and physical well-being.
He still believes in God and still practices his Catholic faith. But Cardone makes it known that the courses from Scientology have provided him with focus and centered well-being. “There are some investments that have zero risks and can guarantee a return on your investment every time. Investments in myself have always paid off.” – Grant Cardone.
Own a House and Car?
Most Americans go into debt to buy a house and a car. According to Grant Cardone, those are silly purchases. “Don’t believe the fantasy of ownership. Rent a house and lease a car.” – Grant Cardone. While he gives this advice, Grant Cardone’s net worth includes several homes and several cars.
His argument for owning these “luxury” items – he earned the right to own them. His threshold for buying a house and car is that if you haven’t made millions of dollars, you should not purchase a house and car with your hard-earned money.
Grant Cardone In Jail or Bankrupt?
In an April 2020 video, Grant released a saying he was preparing to file bankruptcy. In this video, he said he’d lost everything. The jet, the cars, the condo, the apartment complexes, the watches, even his employees (except for one or two), and wife were all going or gone. He joked about possibly being headed to prison – but of course, it was all an attention-grabbing marketing ploy.
That wasn’t the first time Grant pulled a publicity stunt like this. Grant Cardone published this clickbait video pretending he was going to jail a while back. He later published a video saying his bankruptcy announcement was an attempt to break into the news cycle.
Grant Cardone’s Net Worth Recap
Grant Cardone’s net worth hit astronomical heights but started from humble beginnings. His cavalier advice on buying and selling is reflective of his humble beginnings. Tragedy followed by adversity could have held him back.
So it’s quite possible that after his stint in rehab, a new look at life presented itself with more possibilities than he had ever imagined before. He travels the world for motivational speaking, sales training, or even to cut a new real estate deal.
It seems he plans to live by his mantra of staying lean, being nimble, working hard, making hard decisions quickly, and of course, having fun. “Speed is the currency that you want to maximize today. Most people just go too slow. They think too long, and they never take any action.” – Grant Cardone.
Of course, Grant’s approach isn’t everyone’s cup of tea. In social media and on-stage, he famously quips. That’s not the only way to create wealth. Entrepreneurs who want to grow a business love creating solutions to solve problems for people they serve; doing business can be fun.
The entrepreneurs in the Capitalism Incubator get a head start because they have access to the business ideas, funding, influencers, and connections they need to build something big. You can find out more and submit your application here.
If you’re already in the process of building wealth and owning a million-dollar, you might also want to take a look at The One Percent. It’s where entrepreneurs learn how to invest their profits so they can live life on their terms. Check it out and, if it looks like just what you’ve been missing, join us.
Frequently asked questions
Here is some frequently asked questions related to the article Grant Cardone net worth
How much is Lebron James Worth?
James has earned more than $1 billion during his 18-year career, with nearly $400 million in salary and more than $600 million in off-the-court earnings, but that doesn’t make him a billionaire. After accounting for taxes, spending, and investment returns, Forbes estimates James’ net worth to be about $850 million.
How rich is Stephen Curry?
Stephen Curry’s total net worth is 160 million dollars, putting him amongst the richest NBA players.
Is Shaq O’Neal a billionaire?
His estimated net worth is said to be $400 million. He is the join owner of 155 Five Guys Burgers restaurants, 17 Auntie Annie’s Pretzels restaurants, 150 car washes, 40 24-hour fitness centers, a shopping center, a movie theater, and several Las Vegas nightclubs.
Who is the richest athlete?
Tiger Woods ($2.1 billion), Arnold Palmer ($1.5 billion), and Jack Nicklaus ($1.38 billion).
What does Michael Jordan own?
The Charlotte Hornets
MJ joined sports-betting firm DraftKings as a special advisor to the board and an investor in September 2020. He also became a NASCAR team co-owner in late 2020. Jordan, who owns the Charlotte Hornets, agreed to sell a minorrity stake in a 2019 deal that valued the NBA team $1.5 billion.
Conclusion
Let’s talk about the ‘Undercover Billionaire’ that turned his life around after being a drug addict until 25. Grant Cardone is a well-known name when people talk about business, side hustling, and making money. He is inspiring and motivating to many. He is an entrepreneur, real estate investor, motivational speaker, and more.
It didn’t start that way. He turned around his life at age 25 after getting over his drug addiction. Cardone is living proof that their situation binds no one. He overcame all of this with hard work, dedication, and passion for his work. That’s what we’ll be going into here. We’re discussing Grant Cardone’s net worth, who he is, his life, and how he’s earning his money.