How much do you need to invest with Grant Cardone?

What is the minimum investment required for Cardone Capital? The minimum investment required for Cardone Capital depends on whether or not you're an accredited investor. Non-accredited investors have a minimum investment of $5,000, while accredited investors are subject to a $100,000 minimum investment .

At what age did Grant Cardone become a millionaire?

“I remember that $3,000 leap better than I remember the first million I made because it was probably more important to me,” Cardone told CNBC. He began using his earnings to invest in real estate and by the 30 he was a millionaire.

Did Grant Cardone become a millionaire in 90 days?

While quotes may live forever online, that was merely one moment of weakness in his insane 90-day sprint. In the end, Cardone built a business worth over $5 million dollars in 90 days and he never even spent the $100 dollars he had in his pocket.

How much does it cost to hire Grant Cardone?

Speaking fees for Grant Cardone, or any other speakers and celebrities, are determined based on a number of factors and may change without notice. The estimated fees to book Grant Cardone are $200,000 and above for live events and $100,000 - $200,000 for virtual events .

Does Cardone Capital pay out monthly?

That depends on the vehicle you decide to invest in. For our accredited vehicle, we intend to pay distributions monthly but may change the frequency at our sole discretion during the term of the fund . For our non-accredited vehicle, we intend to pay distributions at least annually and our target is quarterly.

How many hours a day does Grant Cardone work?

Self-made millionaire Grant Cardone shared that he works 95 hours per week .

How much does Grant Cardone sleep?

Do you get like 3 or 4 hours? You seem so productive.” No, I try to get 7 or 8 hours every night . Why? Because me being rested is important; it's critical.

How many people have 50 million or more?

According to Credit Suisse, there were 264,200 UHNWIs with net worth above US$50 million at the end of 2021 . According to The Knight Frank Wealth Report, HNWI can refer to someone with a net worth of at least US$1 million, while UHNWI can refer to someone with a net worth of at least US$30 million.

What is the 10x investment rule?

While it is true that angel investors (like our dragons) typically seek 10 times their money back over 3-5 years that isn't the source of the "10x rule". The 10x rule means that in order to gain market traction a product must be exponentially better . ie 10 x faster, 10x smaller, 10x cheaper, 10x more profitable.

What fees does Cardone Capital charge?

Cardone Capital charges a 1% asset management fee based on the total equity raised, a 1% transaction fee based on the value of properties they acquire and a 20% management commission based on distributable cash flow .

How many people invest in Cardone Capital?

In 2023 alone, Cardone Capital provided its 13,600 investors with distributions nearing $60 million.

What is the cash on cash return for Cardone Capital?

At CardoneCapital we offer accredited investors a 6% preferred cash on cash return (paid monthly)* and that is before the calculation of appreciation, debt pay down or the likes. By the time we are done selling a property we expect a 15% per year return to investors.

Grant Cardone Net Worth (2024)

Info

Category:: Richest Celebrities › Authors
Net Worth:: $600 Million
Birthdate:: Mar 21, 1958 (66 years old)
Birthplace:: Lake Charles
Gender:: Male
Profession:: Entrepreneur, Presenter, Writer, Radio personality, Salesman
Nationality:: United States of America

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What Is Grant Cardone's Net Worth?

Grant Cardone is an American entrepreneur, author, motivational speaker, and real estate investor who has a net worth of $600 million. Grant Cardone is a professional sales trainer and a speaker on leadership, real estate investing, entrepreneurship, social media, and finance. He has written eight business books, runs thirteen business programs, and is the CEO of seven privately-held companies and claims over $4 billion in assets under management. Cardone has written several best-selling books on sales, business, and personal development, including "The 10X Rule," "Sell or Be Sold," and "If You're Not First, You're Last."

As a successful real estate investor, he owns a multi-million dollar real estate portfolio and frequently shares his strategies and insights through his books, courses, and speaking engagements. In 2016, Cardone founded Cardone Capital, a real estate investment firm that focuses on acquiring and managing multi-family residential properties. With a significant following on various social media platforms, Grant Cardone is known for his motivational content, business advice, and insights into his personal life.

In 2021 Grant starred in the second season of Discovery Channel's reality series "Undercover Billionaire." As you may have noticed, Grant is not a billionaire. The star of season 1, Glenn Stearns, was also not a billionaire.

Early Life

Grant Cardone was born on March 21, 1958, in Lake Charles, Louisiana. His parents were Curtis Louis Cardone (who died in 1968) and Concetta Neil Cardone (who passed away in 2009). Grant has a twin brother named Gary and is the fourth of five children. He attended LaGrange High School in Lake Charles and graduated from McNeese State University in 1981. He would eventually be awarded the McNeese State University Distinguished Alumnus Award in 2010.

Career

After college, Grant chose not to pursue his original field of accounting, and he moved to Chicago, Illinois, in 1987 to work for a sales training company. He traveled across the United States and settled in Houston, Texas, for five years, La Jolla, California, for 12 years, and then finally Los Angeles. Along the way, Grant developed a drug problem and, at age 25, entered rehab. Within five years of leaving rehab, he was a millionaire.

He began earning his fortune while he worked in automobile sales and became the CEO of Freedom Motorsports Group Inc. He helped develop the reality series "Turnaround King" for National Geographic, which aired in 2011. Grant owns Cardone Enterprises, Cardone Acquisitions, Cardone Training Technologies, and The Cardone Group and helps train salesmen from car dealerships.

Real Estate Empire

Cardone single-handedly built a real estate empire through his investment vehicle, Cardone Capital. The company has been involved in billions of dollars worth of real estate transactions and today owns around $2.7 billion worth of apartment buildings around the United States, according to his own biography. That figure has not been independently confirmed.

His interest in real estate began when he was very young but began to blossom at age 29 when he bought a single-family home in Houston that he rented out. He sold the property after the tenants left, and five years later, he acquired a 38-unit complex in San Diego for $1.9 million, paying a down payment of just $350,000. One month later, he bought another complex. He continued to purchase more complexes, and by 2012, Cardone Capital owned 1,016 apartments for a total of $58 million.

Personal Life

Cardone is married to actress Elena Lyons. The couple has two daughters, Scarlett and Sabrina. He is a member of the Church of Scientology. Grant had a previous marriage at age 35 that only lasted one year. He settled with her for $1 million.

Malibu Mansion

In January 2022, Grant paid $40 million for a home in Malibu, California. The 9,500-square-foot home is located on Carbon Beach. It had at one point been listed for $50 million. The seller was a Ukrainian Oligarch named Vadim Shulman who bought the house for $25 million in 2014. Immediate neighbors include billionaire Oracle founder Larry Ellison and movie mogul Jeffrey Katzenberg. In May 2024 it was reported that Grant had offered the house for sale for $65 million or for rent at $250,000 per month. Here is a video tour:

He previously owned a home in Los Angeles, which was bought by musician Lionel Richie for $18 million.

In May 2021, it was revealed that Cardone was the buyer of Tommy Hilfiger's mansion in Golden Beach, Florida. He paid $28 million. He listed this house for sale in May 2024 for $42 million. Here is a video tour of this house:

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All net worths are calculated using data drawn from public sources. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. We welcome all corrections and feedback using the button below.