What is Grant Cardone’s Net Worth?

Grant Cardone, a professional sales trainer and speaker on various topics including leadership, real estate investing, entrepreneurship, social media, and finance, has a net worth of $600 million. He has authored eight business books, leads thirteen business programs, and serves as the CEO of seven privately-held companies while managing over $4 billion in assets.

Early Life and Education

Grant Cardone was born in Lake Charles, Louisiana in 1958. He attended LaGrange High School and later graduated from McNeese State University in 1981. Cardone was awarded the McNeese State University Distinguished Alumnus Award in 2010.

Cardone’s parents were Curtis Louis Cardone and Concetta Neil Cardone. He had a twin brother named Gary and was the fourth of five children.

Unfortunately, Curtis Louis Cardone passed away in 1968, while Concetta Neil Cardone passed away in 2009.

Grant Cardone’s Rise to Success

After college, Grant Cardone chose to leave his original field of accounting and began working for a sales training company in Chicago. He traveled across the United States and settled in various cities before finally settling in Los Angeles. Along the way, Cardone developed a drug problem and sought help through rehab at the age of 25.

Within five years of leaving rehab, Cardone became a millionaire through his work in automobile sales and becoming the CEO of Freedom Motorsports Group Inc. He also developed the reality series, Turnaround King, for National Geographic which aired in 2011.

Today, Cardone owns several companies and helps train salesmen from car dealerships. He is also a best-selling author and has been recognized as one of the most influential CEOs in the world by Richtopia and Forbes magazine.

Cardone Capital: Grant Cardone’s Real Estate Empire

Grant Cardone created a real estate empire through his investment company, Cardone Capital. The company has been involved in billions of dollars worth of real estate transactions and currently owns around $2.7 billion worth of apartment buildings throughout the United States.

Cardone’s passion for real estate began at a young age, but it wasn’t until he was 29 that he purchased his first rental property – a single-family home in Houston. He sold the property after the tenants left and used the profit to acquire a 38-unit complex in San Diego for $1.9 million, with a down payment of just $350,000. In just one month, he purchased another complex, and continued to acquire more.

By 2012, Cardone Capital owned 1,016 apartments for a total of $58 million, cementing his status as a real estate mogul.

Personal Life

Grant Cardone is married to actress Elena Lyons and they have two daughters named Scarlett and Sabrina. He is a member of the Church of Scientology. Prior to his current marriage, he was previously married at the age of 35, but it ended after only one year. He settled with his ex-wife for $1 million.

Grant Cardone Purchases $40 Million Home in Malibu, California

In January 2022, Grant Cardone purchased a 9,500 square-foot home on Carbon Beach in Malibu, California for $40 million. The property was originally listed for $50 million and is located near billionaire Oracle founder Larry Ellison and movie mogul Jeffrey Katzenberg.

Cardone previously owned a home in Los Angeles, which he sold to musician Lionel Richie for $18 million. Additionally, in May 2021, it was reported that Cardone had purchased Tommy Hilfiger’s Florida mansion for $28 million.

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