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. He specializes in sales training and provides insights on leadership, real estate investing, entrepreneurship, social media, and finance. Having authored eight business books, he also leads thirteen business programs and serves as CEO of seven privately-held companies, claiming over $4 billion in assets under management. Cardone’s best-selling titles include “The 10X Rule,” “Sell or Be Sold,” and “If You’re Not First, You’re Last.”

As a successful real estate investor, Grant possesses a multi-million dollar real estate portfolio and actively shares his strategies and insights through various media, including books, courses, and speaking engagements. In 2016, he founded Cardone Capital, focusing on the acquisition and management of multi-family residential properties. Known for his motivational content and business advice, Cardone has a substantial following on social media, 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 a billionaire, just like the first season’s star, Glenn Stearns.

Early Life

Born on March 21, 1958, in Lake Charles, Louisiana, Grant Cardone is the son of Curtis Louis Cardone (who passed away in 1968) and Concetta Neil Cardone (who died in 2009). He is the fourth of five siblings and has a twin brother, Gary. After graduating from LaGrange High School in Lake Charles, he completed his studies at McNeese State University in 1981, where he later received the Distinguished Alumnus Award in 2010.

Career

Grant’s journey post-college led him away from accounting; he moved to Chicago, Illinois, in 1987 to work with a sales training company. His career took him across the United States, spending five years in Houston, Texas, twelve years in La Jolla, California, and finally settling in Los Angeles. Throughout this time, he struggled with a drug addiction, entering rehab at age 25. Remarkably, he became a millionaire within five years after rehab.

His wealth began to accumulate through automobile sales, eventually leading him to become the CEO of Freedom Motorsports Group Inc. Cardone was instrumental in developing the reality series “Turnaround King” for National Geographic, which premiered in 2011. He owns several businesses, including Cardone Enterprises, Cardone Acquisitions, Cardone Training Technologies, and The Cardone Group, where he provides training to car dealership salesmen.

Among his numerous publications, “If You’re Not First, You’re Last” became a #1 bestseller on Amazon and Barnes and Noble and appeared on the “Wall Street Journal” and “New York Times” bestseller lists. Grant and his wife, Elena, give viewers a look into their lives through their self-produced web series “The G&E Show.” In 2016, he was ranked #7 by Richtopia among the 500 most influential CEOs globally. In 2017, “Forbes” magazine recognized him as the #1 marketer to watch. Additionally, Cardone’s residence was highlighted in an episode of “How’d You Get So Rich?” with Joan Rivers.

Real Estate Empire

Through his investment vehicle, Cardone Capital, Cardone has single-handedly established a real estate empire. His company has participated in transactions totaling billions of dollars and currently possesses approximately $2.7 billion in apartment buildings across the United States, as stated in his biography. This figure has yet to receive independent verification.

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, which he subsequently rented out. After selling the property post-tenancy, he invested in a 38-unit complex in San Diego five years later, acquiring it for $1.9 million with a mere $350,000 down payment. A month later, he went on to buy another complex. As he continued acquiring more complexes, by 2012, Cardone Capital boasted a portfolio of 1,016 apartments valued at $58 million.

Personal Life

Cardone shares his life with actress Elena Lyons, with whom he has two daughters named Scarlett and Sabrina. He is affiliated with the Church of Scientology. At 35, he had a brief first marriage that lasted just one year, settling with his ex-spouse for $1 million.

Malibu Mansion

In January 2022, Grant acquired a Malibu home for $40 million. This 9,500-square-foot residence is situated on Carbon Beach and was previously listed for $50 million. The house was sold by Ukrainian Oligarch Vadim Shulman, who bought it for $25 million back in 2014. Nearby residents include billionaire Larry Ellison, the founder of Oracle, and movie mogul Jeffrey Katzenberg. By May 2024, news emerged that Grant had put the mansion up for sale at $65 million or available for rent at $250,000 per month. Below is a video tour:

He had previously owned a Los Angeles residence, which was purchased by musician Lionel Richie for $18 million.

Revealed in May 2021, Cardone was the purchaser of Tommy Hilfiger’s mansion located in Golden Beach, Florida, for which he paid $28 million. In May 2024, he listed this residence for sale at $42 million. Below is a video tour of this property: