Grant Cardone Net Worth (Money & Salary)

What Is Grant Cardone’s Net Worth?

With a net worth estimated at $600 million, Grant Cardone is a prominent American entrepreneur, author, motivational speaker, and investor in real estate. He specializes in sales training and offers advice on a variety of topics including leadership, entrepreneurship, finance, and social media. Grant is the author of eight business books, oversees thirteen business programs, and holds the title of CEO for seven private companies, overseeing assets exceeding $4 billion. His notable publications include bestsellers such as “The 10X Rule,” “Sell or Be Sold,” and “If You’re Not First, You’re Last.”

As a prosperous real estate investor, Cardone maintains a multi-million dollar portfolio and shares his methodologies and perspectives through his courses, books, and speaking events. In 2016, he established Cardone Capital, a firm concentrating on the acquisition and management of multi-family residential properties. Known for his motivational messages and business insights, Grant has amassed a substantial following across various social media platforms.

In 2021, he appeared in season two of the Discovery Channel’s reality show “Undercover Billionaire.” It’s worth noting that, despite the title, Grant is not a billionaire; the first season’s star, Glenn Stearns, also did not have billionaire status.

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 has a twin brother named Gary and is the fourth among five siblings. 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 his college education, Grant decided against pursuing a career in accounting. In 1987, he relocated to Chicago, Illinois, to join a sales training firm. His journey took him throughout the United States, eventually leading him to settle in Houston, Texas, for five years, then La Jolla, California, for twelve years, and finally Los Angeles. During this period, he faced challenges, including a drug addiction, and entered rehab at the age of 25. Remarkably, within five years post-rehab, he achieved millionaire status.

His wealth began to grow through his work in the automotive sales industry, where he became CEO of Freedom Motorsports Group Inc. Additionally, he was instrumental in creating the reality series “Turnaround King,” which aired on National Geographic in 2011. Grant is the owner of several companies including Cardone Enterprises, Cardone Acquisitions, Cardone Training Technologies, and The Cardone Group, where he specializes in training car dealership sales personnel.

Among his numerous publications, Grant Cardone’s “If You’re Not First, You’re Last” soared to the top of Amazon and Barnes and Noble and secured spots on the bestseller lists of both “Wall Street Journal” and “New York Times.” Additionally, he and his wife Elena co-star in their self-produced web series titled “The G&E Show.” In 2016, Richtopia ranked him #7 on its list of the 500 most influential CEOs worldwide. He was recognized as the #1 marketer to watch by “Forbes” magazine in 2017. His residence was also highlighted on the show “How’d You Get So Rich?” hosted by Joan Rivers.

Real Estate Empire

Through his investment platform, Cardone Capital, Cardone has successfully created a real estate empire. His company has engaged in real estate transactions amounting to billions, currently reportedly owning approximately $2.7 billion in apartment complexes across the United States, as mentioned in his biography. This number, however, has not been verified by independent sources.

His passion for real estate ignited at a young age but truly flourished at 29 when he purchased a single-family home in Houston to rent out. After selling that property post-tenants, he invested in a 38-unit complex in San Diego for $1.9 million five years later, with a down payment of merely $350,000. Just a month after that, he acquired another complex. He kept expanding his portfolio, and by 2012, Cardone Capital had accumulated 1,016 apartments cumulatively valued at $58 million.

Personal Life

Cardone is married to actress Elena Lyons and they share two daughters named Scarlett and Sabrina. He is affiliated with the Church of Scientology. His first marriage, at the age of 35, lasted only a year, resulting in a $1 million settlement.

Malibu Mansion

In January 2022, Grant acquired a Malibu residence for $40 million, a 9,500-square-foot property situated on Carbon Beach. The house had previously been listed at $50 million. Vadim Shulman, a Ukrainian oligarch who purchased the property for $25 million in 2014, was the seller. Notable neighbors include billionaire Larry Ellison, founder of Oracle, and movie executive Jeffrey Katzenberg. In May 2024, it was reported that Grant had placed the house on the market for $65 million or for rent at $250,000 a month. Here is a video tour:

Prior to this, he owned a property in Los Angeles, which musician Lionel Richie purchased for $18 million.

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