Grant Cardone Net Worth 2023: How Rich Is the Real Estate Mogul?

Entrepreneur Grant Cardone is thought to be worth $600 million. Having a background in accounting, the dynamic entrepreneur effortlessly journeyed through the worlds of automobile sales, real estate, and beyond. Here is a close look at his life and achievements.

Who is Grant Cardone?

Grant Cardone, Co-founder of Cardone Group. Image source: AvBuyer

Born March 21, 1958. In Lake Charles, Louisiana, USA. Grant Cardone serves as a salesman, real estate investor, motivational speaker, author, and entrepreneur. He attended McNeese State University and has a Bachelor of Science Degree in Accounting.

Cardone and his father frequently visited real estate properties as a form of family outing when he was young, and this sparked his interest in real estate. At age 15, Cardone began studying the real estate process.

Grant Cardone is married to actress Elena Lyons. Together, they have two daughters named Scarlett and Sabrina. Cardone is a member of the Church of Scientology. Previously, he was married briefly at age 35 for just one year. That marriage ended in divorce with a $1 million settlement.

Grant Cardone’s parents were Curtis Louis Cardone (died in 1968) and Concetta Neil Cardone (died in 2009). He has a twin brother named Gary, and he is the fourth of five children. Cardone attended LaGrange High School in Lake Charles and graduated from McNeese State University in 1981. In 2010, he received the McNeese State University Distinguished Alumnus Award from his alma mater.

After graduating from college, Cardone decided against pursuing accounting. In 1987, he moved to Chicago to work for a sales training company. Over the years, he lived in various cities, including Houston, La Jolla, and finally settled in Los Angeles. During this time, Cardone developed a drug addiction and entered rehab at age 25. Within five years of getting clean, he became a self-made millionaire.

Grant Cardone owns several businesses, including Cardone Enterprises, Cardone Acquisitions, Cardone Training Technologies, and The Cardone Group.

What is Grant Cardone’s net worth in 2023?

Grant Cardone’s net worth is estimated at $600 million. He accomplished this by being a good salesman, a real estate investor, an author, and a brilliant entrepreneur.

Cardone began his path to financial success while working in automobile sales and became the CEO of Freedom Motorsports Group. In 1983, Cardone first worked for a used vehicle dealership in Sulphur, Louisiana, at the age of 25.

He moved so much iron from age 25 to 27 in that lot. He sold roughly 30 vehicles every two weeks, and his colleagues called him ‘Mr. Right’. This job was the start of Cardone’s career in sales.

In 1987, Cardone moved from Louisiana to Chicago for a job at a sales training company. Cardone also spent time as an automotive sales consultant before fully moving into real estate.

In 1994, Cardon founded The Cardone Group with his business partner, Scott Morgan. The company’s aim was to provide sales training and strategies for hundreds of automotive dealerships and manufacturers, as well as help them maximize profit.

Then, in 1995, Grant founded Cardone Real Estate Acquisitions, LLC, a subsidiary of Cardone Enterprises. The company focused on acquiring properties and putting them out for rent.

Cardone independently established a real estate empire through his investment firm, Cardone Capital. The company has actively participated in real estate transactions valued at billions of dollars and is currently holding a portfolio of approximately $2.7 billion in apartment buildings across the United States.

In October 2007, Grant started his own YouTube channel, where he would upload videos discussing money, entrepreneurship, and sales. As of 2023, Cardone has 2.42 million YouTube subscribers.

In 2000, Cardone began writing books, starting with “Control Without Confrontation: Automotive Sales Program.” His 2011 book “The 10X Rule: The Only Difference Between Success and Failure” became a bestseller and was published in Spanish along with quote books and summary versions.

In 2011, he stepped into the TV scene with ‘Turnaround King,’ rescuing struggling businesses. He also appeared on shows like Ed Mylett (2017), The American Dream (2017), Dhar Mann (2020), London Real (2020), and CovAID Festival Live! (2020). And in 2021, he made waves on ‘Undercover Billionaire’ Season 2, airing on the Discovery Channel.

In light of this, let’s examine Cardone’s most significant business endeavors.

The Cardone Group

The Cardone was founded in 1994. It is a sales and marketing strategy firm that serves hundreds of automotive dealerships and automobile manufacturers. Its sales and marketing strategies are designed to maximize traffic opportunities and increase dealership profits and market share. 

The Cardone group also provides training programs such as the Cardone Institute, a 4-day workshop on sales and management training and technology ePencil to help businesses improve their sales and marketing.

Cardone Real Estate Acquisitions

Cardone Real Estate Acquisitions, LLC is a real estate enterprise specializing in multi-family properties across various U.S. states, including California, Arizona, Texas, North Carolina, Florida, and Alabama. Established in 1995 and headquartered in the United States, the journey began with the acquisition of a multifamily complex in San Diego, followed by another multi-family property just a month later.

By 2012, this company had amassed one of the most extensive private party acquisition portfolios in Florida. This company’s initial significant investment was a $1.9 million apartment complex in San Diego. As these real estate ventures flourished, they evolved into the private equity real estate firm now recognized as Cardone Capital. Today, they proudly manage 6,537 rental units with a combined value exceeding $1.4 billion.

The bottom line: Cardone is one of the most successful real estate investors in the US

Grant Cardone is a $600 million entrepreneurial virtuoso. From auto sales to co-founding Cardone Capital, he orchestrated a symphony of grit and savvy to build his empire. Beyond business, he’s a motivational speaker, author, and TV sensation. Managing over 6,500 rentals worth $1.4 billion, Cardone has a blockbuster career in sales, marketing, and real estate. His versatile brilliance and resilient rise make him a maestro for the ages.

If you want to learn about the net worths of other prominent individuals, feel free to check out articles about Tesla’s founder Elon Musk, and Bitcoin’s inventor, Satoshi Nakamoto.