Grant Cardone is a well-known figure in the real estate industry, particularly for those who have an interest in this field. He is recognized as a sales trainer, motivational speaker, real estate investor, and a respected thought leader.

He earns continuous income from various sources such as book deals, speaking engagements, and investments in real estate.

Grant Cardone’s net worth stands at $600 million as of March 2023.

This post reveals the precise actions he undertook to amass his substantial wealth, including writing eight books, overseeing 13 business programs, and holding the position of CEO in seven companies.

Early Life

Born on March 21st, 1958, in Lake Charles, Louisiana, Cardone entered the world as the fourth of five children. Unfortunately, his upbringing was fraught with challenges, as he was exposed to drugs and alcohol at an early age.

In high school, he had a turbulent disciplinary record, frequently finding himself in detention and facing suspensions. However, despite these challenges, he managed to successfully graduate and went on to enroll at McNeese State University in 1981. There, he dedicated himself to his studies and ultimately obtained a Bachelor of Science degree in accounting.

Grant Cardone Sales Career

Following his graduation from college, Cardone embarked on a sales career, traversing various parts of the United States and residing in Houston and Los Angeles. Regrettably, he never developed a fondness for his profession and, to his dismay, was unable to overcome his persistent drug addiction.

He found himself in rehab when he reached 25 years old.

After completing rehab, Cardone experienced a renewed sense of purpose. During his rehabilitation journey, he unearthed two significant revelations.

1. He hated sales
2. He despised his lack of funds even further.

Despite his strong desire to quit his sales job, he recognized that being employed would occupy his time and serve as a deterrent against relapsing into drug abuse.

Grant Cardone Before Investing In Real Estate

Having completed his rehabilitation, Cardone ventured into the field of consulting, teaming up with car dealerships and manufacturers to introduce an innovative sales approach. His aim was to revolutionize the automotive industry by creating a sales process that was both consumer-friendly and highly efficient.

Using the income he earned as a consultant, he began setting aside funds for investment purposes. His preferred avenue for investing? Real estate.

Grant Cardone After Investing In Real Estate

Cardone’s initial investment involved purchasing a single-family property in Houston. Initially, it proved to be a lucrative endeavor as he successfully rented it out to tenants for a few months. However, once the tenants vacated the property, his cash flow ceased. This experience taught him a vital lesson: it is imperative to never rely solely on one tenant for a consistent stream of income.

After selling his first property, he purchased his second property at the age of 29, which happened to be a multi-family household. With the cash flow generated from the sale of his first and second properties, he promptly acquired his third property.

By utilizing the income generated from the properties he obtained, he continued to invest in an increasing number of real estate ventures. Establishing his own venture named Cardone Capital, he successfully transformed it into one of Florida’s leading privately-owned real estate companies by 2012. Presently, he possesses a vast portfolio of over 4,500 apartments.

Cardone Capital

Cardone Capital, the real estate firm led by Grant Cardone, possesses and manages an impressive portfolio of properties valued at over eight hundred million dollars across the United States. Cardone’s strategy involves purchasing real estate through debt, enabling him to retain full control of profits without the need to share with external parties.

The 10X Rule

Cardone is not only an exceptional real estate investor but also an outstanding thought leader. His numerous books and business programs are a testament to his expertise. Among his notable works, the 10x Rule stands out prominently.

This book follows the concept of determining your desired path and amplifying the necessary effort by tenfold. By doing so, it ensures that you do not fall short of achieving your goals. It perfectly resonates with the author’s motto, “Be obsessed or be average.”

Grant Cardone Net Worth Growth

Grant Cardone Net Worth 2023

It comes as no surprise that Grant Cardone, with a net worth of $600 million as of March 2023, has diversified his investments across various asset classes and accomplishments.

He is highly regarded by his peers and continues to receive payment for speaking engagements at prestigious events throughout the country, thanks to the success of his two bestselling books, “If You’re Not First, You’re Last” and “10X Rule.”

Throughout the years, he has made numerous appearances on various podcasts, including the Your Success Podcast and Logan Paul’s Impaulsive. During these discussions, his focus primarily revolves around strategies for attaining and preserving wealth, success, and happiness.

Key Takeaways

It’s not where you come from

Cardone’s journey to success is far from ordinary. Despite grappling with drug addiction and alcoholism throughout his formative years, it might be tempting to dismiss him altogether.

Nevertheless, Cardone had the potential to recover and realize that he had a whole life ahead of him. Instead of dwelling on his starting point, he directed his attention towards envisioning his desired destination.

Let your anger motivate you

Due to his dissatisfaction with the conventional sales approach, Cardone ventured into consulting for the automobile industry. The traditional sales methods, characterized by relentless high-pressure tactics and refusal to accept rejection, left him frustrated. By opting to prioritize ethical sales practices, Cardone found triumph in his consulting business.

Use your investments to finance your other investments

While some individuals invest their money with the goal of purchasing a new car or house, Cardone’s investment strategy involved acquiring additional assets that would enable him to generate greater wealth.

To amass great wealth, it is crucial to let your money work for you. However, achieving this becomes difficult when you utilize your funds on liabilities and assets that decrease in value instead of increasing.