Grant Cardone Net Worth (Money & Salary)

What Is Grant Cardone’s Net Worth?

With a net worth of $600 million, Grant Cardone is an American entrepreneur, author, motivational speaker, and real estate investor. As a professional sales trainer, he speaks on topics such as leadership, real estate investing, entrepreneurship, social media, and finance. He has penned eight business books, oversees thirteen business programs, and as CEO of seven privately-held firms, he claims to manage over $4 billion in assets. Among his best-selling works are “The 10X Rule,” “Sell or Be Sold,” and “If You’re Not First, You’re Last.”

Grant is a successful real estate investor, owning a multi-million dollar portfolio. He often shares his insights and strategies through books, courses, and speaking engagements. In 2016, he launched Cardone Capital, focused on acquiring and managing multi-family residential properties. Well-known for his motivational content and business advice, Grant Cardone has a considerable following across various social media platforms, where he also offers glimpses into his personal life.

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

Early Life

Born on March 21, 1958, in Lake Charles, Louisiana, Grant Cardone’s parents were Curtis Louis Cardone (who passed away in 1968) and Concetta Neil Cardone (who died in 2009). He is the fourth of five children and has a twin brother named Gary. After attending LaGrange High School in Lake Charles, he graduated from McNeese State University in 1981, later receiving the Distinguished Alumnus Award from the university in 2010.

Career

Following college, Grant opted against a career in accounting and relocated to Chicago, Illinois, in 1987 to join a sales training company. He traveled throughout the United States, spending five years in Houston, Texas, twelve years in La Jolla, California, and eventually settling in Los Angeles. During this time, he faced a drug addiction and entered rehab at age 25. Remarkably, within five years after rehab, he became a millionaire.

His wealth began to grow while he was in automobile sales, and he later became the CEO of Freedom Motorsports Group Inc. He was instrumental in creating the 2011 National Geographic reality series “Turnaround King.” Grant owns several companies, including Cardone Enterprises, Cardone Acquisitions, Cardone Training Technologies, and The Cardone Group, through which he trains sales personnel from car dealerships.

Cardone has written multiple books, one of which, “If You’re Not First, You’re Last,” reached #1 on Amazon and Barnes and Noble while also making the “Wall Street Journal” and “New York Times” bestseller lists. Along with his wife Elena, he stars in the self-produced web series “The G&E Show.” In 2016, Richtopia ranked him #7 among the 500 most influential CEOs worldwide. Additionally, “Forbes” magazine identified him as the top marketer to watch in 2017. His home was also showcased on Joan Rivers’ show “How’d You Get So Rich?”.

Real Estate Empire

Through his investment vehicle, Cardone Capital, Cardone has single-handedly forged a real estate empire. According to his biography, the company has engaged in billions of dollars worth of real estate transactions and currently possesses approximately $2.7 billion in apartment buildings scattered across the United States. However, this figure has not been independently verified.

His passion for real estate ignited at a young age, but it truly flourished at 29 when he purchased a single-family home in Houston for rental purposes. After the tenants vacated, he sold the property, and five years down the line, he acquired a 38-unit complex in San Diego, investing $1.9 million with a down payment of only $350,000. A month later, he added another complex to his portfolio. He consistently expanded his acquisitions, and by 2012, Cardone Capital had amassed 1,016 apartments valued at a total of $58 million.

Personal Life

Grant Cardone is married to actress Elena Lyons, and together they have two daughters named Scarlett and Sabrina. Additionally, he belongs to the Church of Scientology. Prior to this marriage, he had a brief marriage at the age of 35 that lasted only one year, concluding with a settlement of $1 million.

Malibu Mansion

In January 2022, Grant acquired a residence in Malibu, California, paying $40 million. This 9,500-square-foot house is located on Carbon Beach and was once listed for $50 million. The previous owner was Ukrainian Oligarch Vadim Shulman, who purchased the home for $25 million in 2014. Notable immediate neighbors include billionaire Oracle founder Larry Ellison and film mogul Jeffrey Katzenberg. As of May 2024, reports indicated that Grant put the house on the market for $65 million or offered it for rent at $250,000 per month. Here is a video tour:

He also previously owned a Los Angeles home that was purchased by musician Lionel Richie for $18 million.

In May 2021, it was disclosed that Cardone had bought Tommy Hilfiger’s mansion located in Golden Beach, Florida, for $28 million. He then listed this property for sale in May 2024, with an asking price of $42 million. Here is a video tour of this house: