Grant Cardone
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| Grant Cardone | |
|---|---|
.png) File:Entrepreneur-Grant-Cardone (cropped).png | |
| Born | March 21, 1958 Lake Charles, Louisiana, United States |
| 🏳️ Nationality | American |
| 🏫 Education | LaGrange High School[1] |
| 🎓 Alma mater | McNeese State University |
| 💼 Occupation | |
| 👩 Spouse(s) | Elena Rosaia (m. 2004) |
| 👶 Children | 2 |
| 🌐 Website | grantcardone |
| Twitter= | |
Grant Cardone (born 21 March 1958) is an American businessman,[2] real estate mogul,[2] author, sales expert, motivational speaker and writer. Cardone is the founder and CEO of Cardone Capital,[3] a real estate investment and management firm based in Aventura, Florida.[4]
Early life[edit]
Cardone was born on 21 March 1958[2] in Lake Charles, Louisiana[5] to Concetta Neil and Curtis Louis Cardone,[6] both of whom were children to Italian immigrants who came to the United States in the early 1900s.[6] When Cardone was 10-years-old, his father Curtis Louis, died, leaving him and his siblings to be raised by his mother on a small life insurance settlement that his father had allegedly left behind.[5] Cardone also struggled with drug addiction and substance abuse beginning in his teen years.[7] Cardone attended McNeese State University in Louisiana, graduating in 1981 with an accounting degree.[8][9]
Legal issues[edit]
In 2015 and 2016, several employees filed EEOC complaints against Cardone Training Technologies, Inc. after being fired for refusing to take Scientology training courses under the name "L. Ron Hubbard training".[10]
Cardone's company has sued several clients who could no longer afford the hefty monthly payments on their training contracts. Having no termination clauses, the clients were sued for tens of thousands of remaining balance on the contract.[11]
A report showed that from 2018 to 2021, a Cardone Capital-owned Miami-area apartment complex overcharged tenants for workforce housing — rental units which have been contracted with a government program to provide discounted housing to renters employed in key industries such as nurses, teachers and firefighters who would otherwise be priced out of the area.[12]
In 2020, a client sued Grant Cardone and Cardone Capital, LLC for violating U.S. Securities and Exchange Commission regulations regarding potential misstatements or omissions. The lawsuit, a putative class action, had cited Cardone's own words: "You're gonna walk away with a 15% annualized return. If I'm in that deal for 10 years, you're gonna earn 150%. You can tell the SEC that's what I said it would be. They call me Uncle G and some people call me Nostradamus, because I'm predicting the future, dude; this is what's gonna happen." A Federal District Court in California had dismissed the plaintiff's claims, saying that statements on social media were not actionable under the Securities Act, but the US Court of Appeals reversed the dismissal. The plaintiff's attorney said it was important to hold that "sellers of securities that use social media communications to communicate with prospective investors are engaged in solicitation that can be actionable under the Securities Act."[11][13][14]
Paul Pelletier, who was the Department of Justice's most senior fraud prosecutor during a 25-year career at the agency, reviewed the documents in the class action case against Cardone. "It looks like his business is built on lies and deception that will likely collapse leaving investors holding an empty bag," he said.
Personal life[edit]
Cardone married Elena on July 4, 2004. They have two daughters, Sabrina and Scarlett.[15] The Cardones reside in Golden Beach, Florida and Malibu, California.[16][17] Cardone is a Scientologist who has reached the OT VIII level.[18][19]
Bibliography[edit]
Books authored by Grant Cardone include the following:
- If You're Not First, You're Last. Wiley. 2010. ISBN 9780470624357. Search this book on
- The 10X Rule. Wiley. 2011. ISBN 9780470627600. Search this book on
- Sell or Be Sold (also known as Sell to Survive). Greenleaf Book Group. 2012. ISBN 9780615399249. OL 26106443M. Search this book on
- Be Obsessed or Be Average. Portfolio. 2016. ISBN 9781101981054. Search this book on
References[edit]
- ↑ Basotia, Jyotsna (January 20, 2021). "What is Grant Cardone's net worth? Meet the 'Undercover Billionaire' entrepreneur who was a drug addict at 25". Media Entertainment Arts WorldWide (MEAWW).
- ↑ 2.0 2.1 2.2 Chandel, Pratibha (July 9, 2022). "Cardone Capital: Here's How Grant Cardone Made His $600 Million Fortune". therichest.com.
- ↑ "Grant Cardone – LinkedIn". LinkedIn.
- ↑ Davis, Ron (December 1, 2022). "South Florida multifamily investor buys Scottsdale office building where it plans its second HQ". Phoenix Business Journal.
- ↑ 5.0 5.1 Cardone, Grant (March 29, 2022). "The #1 Way I Start EVERY Day". gctv.com.
For those of you who don't know, I was born in Lake Charles, Louisiana. My widowed mother raised me and my siblings on the small life insurance settlement my father had left behind. I didn't make things easier for myself by getting in with the wrong crowd.
- ↑ 6.0 6.1 Fernandes, Aurelia (February 10, 2021). "Who are Grant Cardone's parents? 'Undercover Billionaire' star talks about his parents, death and drug abuse". Media Entertainment Arts WorldWide (MEAWW).
- ↑ Cardone, Grant (February 24, 2022). "From Drug Addict to Billionaire: My Story". Medium.
- ↑ "McNeese Alumni Association – Distinguished Alumni Receive Prestigious Award". mcneesealumni.com.[dead link]
- ↑ Cardone, Grant (March 31, 2016). "College is Good for Getting a Job but Not Necessarily for Getting Rich". Entrepreneur.
- ↑ Ortega, Tony (August 12, 2016). "Former workers file EEOC complaints saying Grant Cardone forced Scientology on them".
- ↑ 11.0 11.1 11.2 Warren, Tom (July 20, 2023). "Financial Influencer Grant Cardone Says He Can Make You A Billionaire. His Investors Claim He Defrauded Them". HuffPost.
- ↑ "Cardone's Lake Worth workforce housing complex found overcharging tenants". The Real Deal. December 13, 2022.
- ↑ Bandell, Brian (December 23, 2022). "Court revives lawsuit against 10X wealth guru Grant Cardone". South Florida Business Journal.
- ↑ Alvarado, Francisco (December 28, 2022). "Grant Cardone is back on the hook in a class action suit". The Real Deal.
- ↑ "About". Elena Cardone.
- ↑ Bandell, Brian (June 4, 2021). "Fashion icon Tommy Hilfiger sells Golden Beach mansion for $24M (Photos)". South Florida Business Journal. Archived from the original on June 16, 2023.
- ↑ McClain, James (January 19, 2022). "Grant Cardone Pays $40 Million for Huge Carbon Beach Mansion". dirt.com.
Neamt, Ioana (March 10, 2022). "Grant Cardone's Houses: A $40M 'Castle on the Sand' and a Wildly Colorful Main Residence in Florida". fancypantshomes.com.
- ↑ Edwin, Bruce (November 2009). "Grant Cardone - World Financial Leader". The Hollywood Sentinel.
- ↑ Ortega, Tony (June 20, 2011). "Grant Cardone, NatGeo's 'Turnaround King': Doing Scientology's Dirty Work?". The Village Voice. Archived from the original on June 24, 2011. Unknown parameter
|url-status=ignored (help)Ortega, Tony (June 24, 2011). "Milton Katselas Pleads With Scientology After Grant Cardone's Attack: A Church Jihad?". The Village Voice. Archived from the original on June 27, 2011. Unknown parameter
|url-status=ignored (help)
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