Grant Cardone is a popular American businessman, Author, Motivation Coach, Real Estate Investor, Sales Coach, and Youtuber.
Born in Lake Charles, Louisiana Grant Cardone has publishes 8 books on self-improvement and millionaire mindset.
|Name: Grant Cardone|
|Year of Birth: 1958|
|Country: United States|
|Profession: Real Estate Investor, Author, Youtube, and Motivational Speaker|
|Net Worth – $350 Million|
Grant Cardone Net Worth
Grant Cardone has an estimated net worth of $350 million. He was a billionaire in 2020, but he lost a huge amount from his net worth post-pandemic. He runs several businesses, invests in real estate, and is an author of 8 books.
Though he has several streams of income he earns most of his money from his companies and real estate investments.
Sources of Income
Real Estate Investments
He helped several people through his books. He writes on leadership, self-improvement, business goals, and millionaire mindset.
Grand Cardone Earnings Report
Youtube – $1 to $3 million per year
eCommerce – $40 million per year
Book Deals – $1 to $4 million per year
Is Grant Cardone A Billionaire?
The answer is simple, Grant Cardone was a billionaire but not now. He held $1.5 billion worth of properties in 2020. But due to pandemic he faced several losses and setbacks.
Grant Cardone used to earn $40 million a year in E-commerce and had millions worth of properties in real estate.
He is also the host of 10X Conference and it is regarded as one of the best business conferences in America.
He also earned a lot in selling books. He still earns a good amount of money every year through royalty.
When it comes to toGrant Cardone, the most question we face is, Is Grant Cardone a billionaire, or is he bankrupt? The answer is, yes he has lost several million and lost his billionaire status. But he is not bankrupt.
There is still a lot of room for him to become a billionaire. He still holds several good real estate properties and if the prices go up, he could increase his portfolio and increase his personal wealth and the value of his portfolio.
How much does Grant Cardone Earn Per Day?
This is another important question people ask when they hear about his wealth and assets. Since he runs several businesses and earns money from different streams, it is tough to calculate his daily earning. But a source revealed that grant Cardone earns $110,000 to $130,000 per day.
Well, he doesn’t technically earn the same amount every day but considering his monthly and weekly revenue we could zero in on how much he could potentially earn in 24 hours.
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When did Grant Cardone become a millionaire?
Grant Cardone became a millionaire at the age of 30.
How did Grant Cardone become a millionaire?
When everyone was hating debt he used a reverse approach and said he will use his debt to his advantage and earn more money.
He started his real estate journey by buying a single-unit property in Houston.
Then he started acquiring more deals and making the most important deals in Florida in 2012.
“When I learned this, my entire life changed,” Grant recalled.
“I went from a negative $43,500 [in personal net worth] and I would end up accumulating a house that was worth $200,000; I had cars that were worth $50,000; cash of about $50,000 sitting around; my 401(k)—that was a mistake, in my 20s—was worth, I dunno, $40,000; so that’s about $340,000 in gross assets. That was in five years.” — he said.
When you subtract the debt of $150k , grant has a networth of $190k at the age of 28. And as we mentioned earlier he became a millionaire at 30.
When questioned about this rapid growth he said he stopped buying luxury cars and homes and started buying assets that would multiply his net worth in few years.
Grant Cardone had a clear wealth management strategy and financial planning. When you are in investing business this simple strategy could multiply your personal wealth in just a few months or years. And more importantly, these are passive income where you don’t need to spend time every day, all you need to do is to make one good decision before you make the investment.
According to Cardone, his real estate company Cardone Venture is a 50 million dollar business company and has assets worth more than $2 billion.
“You cannot grow your net worth by simply reducing debt and expenses.”
“And you’ll never get rich if you simply just reduce your debt and expenses like your ‘millionaire next door’ friend told you. Remember, he is the millionaire next door, not the billionaire next door.” – Grant Cardone.
Another Imporatant Strategy
He always said he used to invest every dollar that he earns in his new business ventures that dint covers his daily expenses. In short, he invested every penny and dollar which exceeds his daily expenses. By using this strategy he increases his capital and makes use of money that is not required increases the cash flow in his business and investments.
He is a perfect example of rags to riches story. He started small and accumulates most of his wealth by reinvesting on successful business ventures.
Grant is not just another motivational speaker, he pushes people to hustle and improves their working habits. He is also called “Under Cover Billionaire”.
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