Cardone Capital: Here's How Grant Cardone Made His $600 Million ...

Grant Cardone is a well-known entrepreneur, sales trainer, and speaker. Moreover, he has previous experience working in the real estate and automotive industries. The 10X Growth Conference, which was introduced in 2017 and is modeled on his best-selling book "The 10X Rule," is the biggest entrepreneur and business conference that has ever been held anywhere in the world. In addition, Cardone has written eight books to assist individuals in achieving their financial and business objectives.

Grant Cardone’s income and investments have resulted in a net worth of $600 million. Let’s find out how Grant Cardone made his $600 million fortune and achieved tremendous success.

Laying The Foundation Of His Mighty Empire

The origin of Grant Cardone’s fortune was automobiles. Moreover, as the former Chief Executive Officer of Freedom Motorsports Group, Inc., one of the primary responsibilities that fell within his authority was the training of others in the art of automobile sales. While he was still in his twenties, he decided to expand his business into the real estate industry.

His company, Cardone Capital, has worked on real estate transactions worth billions of dollars. The corporation has around $2.7 billion worth of property investment in the United States. In addition, he founded Grant Cardone Sales University in Miami, Florida, in 1990. The school provides an online sales training program that teaches aspiring entrepreneurs the principles that Grant Cardone employs in his own entrepreneurial initiatives.

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Cardone’s Early Life and Career

On March 21, 1958, Grant Cardone was born in Lake Charles, Louisiana, as the fourth of five children to Curtis and Concetta Cardone. Gary is his twin brother. His father died of a stroke when he was 10 years old, leaving his family to suffer through poverty. In high school, Cardone began consuming narcotics like many other celebrities and was frequently expelled for being intoxicated. He graduated from Louisiana's McNeese State University in 1981 after attending college since he assured his parents he would complete his education. He started his professional life with a debt of $40,000 to his name.

After beginning his career as a car salesperson and being dismissed from four consecutive jobs, Grant Cardone continued consuming and overdosing on drugs many times until he was robbed, assaulted, and left for dead at age 23. His mother's ultimatum forced him into rehabilitation. After five years, Grant Cardone launched his first company, the Cardone Group, which offers consulting services to car dealerships all throughout the country. He quickly became a millionaire through the success of this company.

His first foray into the world of real estate was made shortly before he became 30 years old when he rented out a single-family home in Houston that he had purchased during this time. Although the investment was unsuccessful, it did not deter him from making more attempts. After another five years, Grant Cardone spent $1.9 million to purchase an apartment complex in the city of San Diego. Soon after, he acquired a second complex. By the year 2012, he had acquired ownership of 1,016 apartments for a combined value of $58 million, thanks to his company, Cardone Capital.

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Achieving Remarkable Financial Success Along The Way

Cardone is the author of a number of publications, some of which include "The 10X Rule: The Only Difference Between Success and Failure," "Sell or Be Sold: How to Get Your Way in Business and in Life,” "How To Create Wealth Investing In Real Estate: How to Build Wealth with Multi-Family Real Estate," “Millionaire Booklet: How to Get Super Rich,” “Be Obsessed or Be Average,” “Sell to Survive,” and “If You’re Not First, You’re Last: Sales Strategies to Dominate Your Market and Beat Your Competition.”

Additionally, he has a foothold in reality television, having created the reality series "Turnaround King" for National Geographic in the year 2011. The most recent season of "The Kardashians" on Hulu has devoted an episode to highlighting his efforts with the 10X Health System. Cardone is a popular figure in the world of media, and in the year 2021, he made an appearance on an episode of "Undercover Billionaire."

Giving Back To The Community

The Grant Cardone Foundation serves as a financial literacy mentor to young people, specifically those who do not have fathers in their lives. Because children who grow up without a father are statistically more likely to engage in risky behaviors such as dropping out of school, abusing drugs, and going to jail, Grant Cardone decided to found an organization to assist children in a similar situation to his own. In addition, he contributed the profits from the sale of his book, "Be Obsessed or Be Average," which was published in 2016, to the Foundation for a Drug-Free World and the Drug-Free America Foundation.

A Thriving Real Estate Portfolio

According to Cardone, real estate is his preferred asset class. Recently, he spent $40 million to acquire a house in Malibu, California, that is 9,500 square feet in size. He got a great deal when he bought the home, which had been on the market for $50 million at one point. His neighbors include the fascinating business magnates Jeffrey Katzenberg and Larry Ellison.

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Tommy Hilfiger was the previous owner of his Florida mansion, which he purchased for $28 million. In addition to owning real estate, he is also the proud owner of several private jets, a large collection of luxury automobiles, and a particular fondness for Rolls Royce, Ferrari, and Bentley vehicles. In addition to that, he has a refined appreciation for watches.

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Sources: Wealthy Gorilla, ICTSD, Celebrity Net Worth