Grant Cardone was struggling when he was 25 years old with addiction and keeping his head above water financially. However, he says that a piece of business advice from his mom, the best he’s ever received, changed his life and fortunes.
“The best investment you will ever make is in yourself. It’s a-no lose deal. It will always give you a return. Nobody can take it from you. It’s yours,” he recounts her telling him. Now he’s an entrepreneur, motivational speaker, social media influencer and real estate mogul with a multibillion-dollar portfolio according to his own biography.
What is Grant Cardone’s net worth? How old was he when he became a millionaire?
Cardone graduated from McNeese State University located in his natal city of Lake Charles, Louisiana with a degree in accounting. However, he pursued sales and was working at a car dealership at age 25 whe things were on the rocks. Although he hated the job, he threw himself into it “100 percent” following his mother’s advice.
“I committed to learning everything I could about sales and the automobile industry,” he wrote in his 2016 book ‘Be Obsessed Or Be Average’, one of nearly a dozen he’s published. He said that he spent perhaps 700 hours that first year “just improving myself as a salesperson.”
He saw his commission-based earnings go from $3,000 to $6,000 a month. “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.
He now says that he has a net worth of around $600 million and claims that his seven privately-held companies have more than $4 billion in assets under management. His real estate empire alone owns roughly $2.7 billion worth of apartment buildings around the United States.
Besides cleaning up, no more drugs or booze, and mastering the art of sales he credits his success with other steps he’s taken as well. These include reinvesting surplus income, especially in real estate but keeping a diverse portfolio. Collaborating with others is better than competing on all fronts as creating wealth is a team sport, so he sees all strangers as an opportunity but removes those who are negative from his life.
Dedication, discipline and hardwork are also fundamental, being the first one in and the last one out of the office six days a week. Additionally, setting goals and targets on a daily basis to reimagine himself and going big with them. Follow all the latest news on AS USA.
FAQs
He began using his earnings to invest in real estate and by the 30 he was a millionaire. He now says that he has a net worth of around $600 million and claims that his seven privately-held companies have more than $4 billion in assets under management.
At what age did Grant Cardone become a millionaire? ›
Grant Cardone on X: "How I Became a Millionaire at Age 30 https://t.co/yMWQqKgObh" / X.
How to become a millionaire Grant Cardone? ›
Grant Cardone Shares 10 Steps To Becoming a Self-Made Millionaire
- Decide To Be a Multimillionaire. Cardone said that the No. ...
- Stop All Poverty Behavior. ...
- Study Multimillionaires. ...
- Work Like a Multimillionaire. ...
- Move Your Spending to Investing. ...
- Create Multiple Flows of Income. ...
- Expand Your Network. ...
- Never Lose Money.
What are Top 10 Highest Paying Cities for Grant Cardone Jobs
| City | Annual Salary | Monthly Pay |
|---|
| Novato, CA | $67,040 | $5,586 |
| Berkeley, CA | $65,968 | $5,497 |
| Renton, WA | $64,112 | $5,342 |
| Santa Monica, CA | $63,600 | $5,300 |
6 more rowsWhile going from being broke to having millions might sound unrealistic, the businessman, author and investor Grant Cardone did just that. He now brings in around $100 million annually through seven businesses and manages $4 billion in assets.
Were Grant Cardones' parents rich? ›
Listen, I grew up in Lake Charles, Louisiana, in a 1,400 square-foot home with seven people. My dad never made more than 50 grand a year, which was alright back then. But when my father died, he left my mom — who had no education and who'd never had a job in her life — with five kids to raise on her own.
How to be a millionaire by 30? ›
6 Steps To Take To Become a Millionaire by 30
- Do the Math. ...
- Invest In Yourself and Build Sellable Skills. ...
- Create a Network of Winning People. ...
- Pursue Outsized Gains, Perhaps in Real Estate. ...
- House-Hack Your Way Out of Rent or Mortgage Payments. ...
- Risk It All on the Ultimate Investment — Start a Business.
The average Grant Cardone Enterprises salary ranges from approximately $43,474 per year for Editor to $160,850 per year for Ticket Sales Representative. Average Grant Cardone Enterprises hourly pay ranges from approximately $18.00 per hour for Client Representative to $33.47 per hour for Desktop Support Technician.
Did Grant Cardone grow up rich? ›
How Long Did it Take Grant Cardone to Become Rich? In his own words Grant, “... grew up poor.” Born on March 21, 1958 in Lake Charles, Louisiana, he was one of four children - one of which is his identical twin brother, Gary. Losing his dad at the age of 10 began a spiral of troublesome behavior.
How much does it cost to talk to 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.
Self-made millionaire Grant Cardone shared that he works 95 hours per week. And, serial entrepreneur Gary Vaynerchuk says new entrepreneurs must put in at least 18 hours a day for the first year.
How much did Grant Cardone pay for his jet? ›
I got a decent plane, the gulfstream 6 50 can go from Miami to Dubai nonstop. I bought it actually from a guy in Russia, an olagorg right before Ukraine happened. That plane's 70 million bucks.
Does Grant Cardone have a private jet? ›
At age 23, he was unemployed and on drugs. Now he's a billionaire who owns a Gulfstream G650—but he says he's still making one big mistake.
At what age does the average person become a millionaire? ›
This is according to a study conducted by Ramsey Solutions, which is the largest study of millionaires to date. The average age of a millionaire is 49 years old, which means it takes them over 27 years of saving and investing to reach this status. This may seem daunting, but the truth is, it's never too late to start.
What is considered a mini millionaire? ›
A portrait of mini-millionaires. Who are these mini-millionaires? They generally earn between $150,000 and $250,000 a year. They wouldn't typically be considered rich, but upper middle class.
Did Grant Cardone build a million dollar business in 90 days? ›
Cardone, who is the author of the upcoming book “The Wealth Creation Formula,” proved that this is possible when he appeared on the show “Undercover Billionaire.” “I did this while Discovery Channel followed me around,” he told GOBankingRates. “I built a million-dollar business in 90 days.
Does Grant Cardone pay well? ›
The average Grant Cardone Enterprises salary ranges from approximately $43,474 per year for Editor to $160,850 per year for Ticket Sales Representative. Average Grant Cardone Enterprises hourly pay ranges from approximately $18.00 per hour for Client Representative to $33.47 per hour for Desktop Support Technician.
How much do you need to invest in Cardone Capital? ›
Features
| Annual fee | $0 |
|---|
| Available asset types | Real estate |
| Account types | Retirement |
| Minimum deposit | $5,000 |
In addition to being a private equity fund manager and real estate investor, Grant Cardone has founded a number of successful businesses, including 10X Studios, CardoneVentures and 10XHealthSystem. He is also the author of seven best-selling business books and creator of the Cardone U online education courses.
