Grant Cardone Net Worth (Money & Salary)

What Is Grant Cardone’s Net Worth?

With a net worth of $600 million, Grant Cardone is a notable American entrepreneur, author, motivational speaker, and investor in real estate. He specializes in sales training and delivers talks on various subjects such as leadership, entrepreneurship, finance, and social media. Cardone has penned eight business books, operates thirteen business programs, and is the CEO of seven privately-owned companies, boasting over $4 billion in assets under his management. His acclaimed works in sales, business, and personal development include “The 10X Rule,” “Sell or Be Sold,” and “If You’re Not First, You’re Last.”

A thriving real estate investor, he possesses a portfolio worth millions and often divulges his strategies and knowledge through books, courses, and public speaking. In 2016, Grant established Cardone Capital, which centers on the acquisition and management of multi-family residential properties. Known for his motivational content and business insights, he enjoys a substantial following across various social media channels.

In 2021, he appeared in the second season of the Discovery Channel series “Undercover Billionaire.” Interestingly, Grant is not a billionaire himself, similar to the first season’s star, Glenn Stearns.

Early Life

Grant Cardone entered the world on March 21, 1958, in Lake Charles, Louisiana. His parents are Curtis Louis Cardone (deceased in 1968) and Concetta Neil Cardone (who passed away in 2009). He has a twin brother named Gary and is the fourth child in a family of five. Grant completed his high school education at LaGrange High School in Lake Charles and graduated from McNeese State University in 1981, receiving the McNeese State University Distinguished Alumnus Award in 2010.

Career

Upon completing college, Grant opted against pursuing a career in accounting. Instead, he relocated to Chicago, Illinois, in 1987 to join a sales training firm. His journey included traveling the U.S., spending five years in Houston, Texas, twelve years in La Jolla, California, and finally, settling in Los Angeles. During this period, Grant faced a drug addiction and, at 25, sought rehabilitation. Remarkably, within five years post-rehab, he achieved millionaire status.

He amassed his wealth working in automobile sales and eventually became the CEO of Freedom Motorsports Group Inc. Grant played a pivotal role in the creation of the reality series “Turnaround King,” which aired on National Geographic in 2011. He is the owner of several enterprises, including Cardone Enterprises, Cardone Acquisitions, Cardone Training Technologies, and The Cardone Group, where he trains salesmen for car dealerships.

Among his notable works is “If You’re Not First, You’re Last,” which reached #1 on both Amazon and Barnes and Noble. This title also made it onto the bestseller lists of the “Wall Street Journal” and “New York Times.” Grant and his spouse Elena host the self-produced web series “The G&E Show.” In 2016, he ranked #7 on Richtopia’s list of the 500 most influential CEOs globally, and “Forbes” magazine recognized him as the #1 marketer to watch in 2017. His home was also showcased on the program “How’d You Get So Rich?” with Joan Rivers.

Real Estate Empire

Through his investment vehicle, Cardone Capital, Cardone has independently established a real estate empire. His company has participated in real estate transactions worth billions, currently owning approximately $2.7 billion in apartment buildings across the United States, as stated in his biography. This figure has not been verified independently.

His passion for real estate ignited at a young age but truly took off at 29 when he acquired a single-family home in Houston that he rented out. After selling the property once the tenants vacated, he went on to purchase a 38-unit complex in San Diego for $1.9 million five years later, making a down payment of only $350,000. Just a month later, he added another complex to his portfolio. Cardone continued acquiring more properties, and by 2012, Cardone Capital had amassed ownership of 1,016 apartments worth a total of $58 million.

Personal Life

Cardone is married to actress Elena Lyons and has two daughters named Scarlett and Sabrina. He is also a member of the Church of Scientology. Previously, he had a brief marriage at 35 that lasted only a year, culminating in a settlement of $1 million.

Malibu Mansion

In January 2022, Grant acquired a Malibu home in California for $40 million. This 9,500-square-foot residence is situated on Carbon Beach and was once listed for $50 million. The seller was Vadim Shulman, a Ukrainian oligarch who purchased the house for $25 million in 2014. Immediate neighbors include billionaire Larry Ellison, the founder of Oracle, and movie industry mogul Jeffrey Katzenberg. In May 2024, Grant reportedly put the house on the market for $65 million or offered it for rent at $250,000 per month. Here is a video tour:

Prior to this, he owned a Los Angeles home that musician Lionel Richie bought for $18 million.

In May 2021, it became public that Cardone was the buyer of Tommy Hilfiger’s mansion located in Golden Beach, Florida, for which he paid $28 million. He subsequently listed this property for sale in May 2024 at a price of $42 million. Here is a video tour of this house: