Grant Cardone is associated with a $5.3 billion real estate portfolio. His own filings with the Securities and Exchange Commission state that he “typically owns from 0% to 2.5%” of the entities holding it. His net worth is estimated at around $600 million — and unusually for this site, we can check the claims against actual regulatory documents.
Grant Cardone Net Worth: What the Sources Say
- $600 million — Celebrity Net Worth, an aggregator estimate with no methodology
- Forbes publishes no estimate, and he does not appear on the Forbes Billionaires list. A “$300 million” figure attributed to Forbes circulates; we could not trace it to any Forbes article.
- Our take: $600 million is defensible — but the billionaire framing is not supported by his own filings. See our methodology.
$5.3 Billion Managed Is Not $5.3 Billion Owned
This is the distinction that makes his finances widely misunderstood. Cardone Capital’s funds are registered with the SEC under Regulation A+, which means they file annual reports. The most recent one for the flagship fund, filed in April 2026, states plainly that his firm “is responsible for the day-to-day management of forty-four (44) multifamily communities and two office buildings valued at approximately $5.3 billion.”
Responsible for the management of. The same document states: “Grant Cardone typically owns from 0% to 2.5% of the LLC’s.” Investors hold the Class A interests; he holds Class B. In the flagship fund itself he was issued 25 Class A units — a rounding error against the tens of thousands sold — plus 100% of the Class B interests “for no consideration.”
His wealth, in other words, sits in the management company, not in the portfolio. That is a legitimate and potentially very lucrative structure — it is simply not the same thing as owning $5.3 billion of property, and treating assets under management as personal net worth is the single most common error made about him.
What the Filings Show About Performance
The flagship fund’s own numbers, from the same filing: total capital invested of $73,419,479, and net losses of $5,255,548 in 2025 and $9,752,794 in 2024 — two consecutive loss-making years. Meanwhile the manager’s asset-management fee ran at $749,362 a year.
That asymmetry is the structure working as designed: fees are charged on assets, not on profits. Across the funds, the fee stack includes acquisition, asset-management, disposition and financing-coordination fees plus a performance promote — much of which the filings show as accrued rather than paid out.
The Securities Litigation
The following describes allegations. No court has found Cardone liable. Investors sued Cardone Capital in 2020, arguing his social-media promotion of the funds amounted to soliciting securities. In June 2025 the Ninth Circuit Court of Appeals reversed a dismissal, allowing the case to proceed, and rehearing was subsequently denied. His own 2026 annual report discloses that the district court granted class certification in March 2026 — the case is now a certified class action in discovery.
Separately, and verifiable in the public record: the SEC sent Cardone Capital a comment letter in July 2018 regarding return projections in an offering document. The document is on file with the SEC. Comment letters are a routine part of the registration process and are not enforcement actions.
The Business That Actually Built the Money
Before real estate, Cardone built a sales-training business, and it remains the engine of the brand: the 10X franchise of books (The 10X Rule, Sell or Be Sold), the 10X Growth Conference, and a social following of roughly five million on Instagram alone. Reported assets — a Gulfstream G650ER, a Malibu house bought for $40 million, a Florida estate at $28 million — come from his own statements and press coverage rather than filings, and the jet’s price is reported variously between $50 million and $60 million. We report them as claimed.
Sources
- SEC — Cardone REIT I annual report (Form 1-K, April 2026)
- US Court of Appeals, Ninth Circuit — Pino v. Cardone Capital (June 2025)
- SEC — Cardone Non-Accredited Fund annual report
- Celebrity Net Worth — Grant Cardone
Money Timeline
| Date | Type | Event | Amount | Details |
|---|---|---|---|---|
| 2025-06 | Lawsuit | Ninth Circuit revives investor class action | The US Court of Appeals for the Ninth Circuit reversed the dismissal of Pino v. Cardone Capital, allowing investors to proceed with claims that social-media promotion of the funds amounted to soliciting securities. Rehearing was later denied. Allegations only - no court has found Cardone liable. source | |
| 2026-03 | Lawsuit | Class certification granted | Cardone's own SEC annual report discloses that the district court granted class certification in March 2026, making the investor suit a certified class action in discovery. Still allegations; no liability finding. source | |
| 2026-04 | Deal | Flagship fund reports second straight annual loss | $5.3M | Cardone REIT I's SEC filing reports net losses of $5,255,548 for 2025 and $9,752,794 for 2024, against total capital invested of $73,419,479 - while the manager's asset-management fee ran at $749,362 a year. Fees are charged on assets, not profits. source |
Key financial events, aggregated from the sources cited above. See our methodology.
Frequently Asked Questions
Short answers to the most common questions about this profile. For our sourcing and update method, see our Methodology page.
What is Grant Cardone's net worth in 2026?
Celebrity Net Worth estimates $600 million, an aggregator figure with no published methodology. Forbes publishes no estimate for him and he does not appear on the Forbes Billionaires list. A '$300 million' figure attributed to Forbes circulates but cannot be traced to any Forbes article. The $600 million is defensible; the billionaire framing is not supported by his own regulatory filings.
Does Grant Cardone own $5.3 billion in real estate?
No - he manages it. His SEC filing states his firm 'is responsible for the day-to-day management of forty-four (44) multifamily communities and two office buildings valued at approximately $5.3 billion,' and separately that 'Grant Cardone typically owns from 0% to 2.5% of the LLC's.' In the flagship fund he was issued 25 Class A units alongside the tens of thousands sold to investors, plus 100% of the Class B interests for no consideration. Assets under management are not personal net worth.
How does Grant Cardone actually make money from his funds?
Through fees and a performance promote, not through owning the properties. The fee stack across his funds includes acquisition, asset-management, disposition and financing-coordination fees. His flagship fund's asset-management fee ran at $749,362 a year - charged on assets rather than profits, which is why it continued while the fund posted losses.
Are Grant Cardone's funds profitable?
The flagship fund was not, in its two most recently reported years. Its own SEC filing reports net losses of $5,255,548 for 2025 and $9,752,794 for 2024, against total capital invested of $73,419,479. That is the fund's performance for investors, and is separate from what the management company earns in fees.
Is Grant Cardone being sued?
Yes, and the case is active. Investors sued Cardone Capital in 2020 arguing his social-media promotion amounted to soliciting securities. The Ninth Circuit reversed a dismissal in June 2025, rehearing was denied, and his own 2026 annual report discloses that class certification was granted in March 2026 - so it is now a certified class action in discovery. These remain allegations; no court has found him liable.
Who is richer than Grant Cardone?
A side-by-side comparison with other business profiles where reported estimates are available.
