Draft:Grant Cardone
{{AFC submission|||u=Horse Eye's Back|ns=118|ts=20250221220424}}
{{AFC submission|d|bio|u=Arbeiten8|ns=118|decliner=Bonadea|declinets=20241031135814|reason2=v|ts=20241031000007}}
{{AFC submission|d|adv|u=Rhett.holaway|ns=118|decliner=TheTechie|declinets=20240509173318|small=yes|ts=20240509154900}}
{{AFC submission|d|bio|u=MarioBayo|ns=118|decliner=CNMall41|declinets=20230412060523|small=yes|ts=20230412052748}}
{{AFC submission|d|bio|u=75.172.140.171|ns=118|decliner=SamHolt6|declinets=20230318145331|small=yes|ts=20230318143956}}
{{AFC comment|1=Thank you for the submission. Please consider making the submission more encyclopedic tone Trex32 (talk) 16:06, 23 February 2025 (UTC)}}
{{AFC comment|1=Several junk sources, but no reliable independent secondary sources discussing Cardone in any depth. bonadea contributions talk 13:58, 31 October 2024 (UTC)}}
{{AFC comment|1=The references are no where near WP:RSes. The mainspace name is protected and I think we need to block the draftspace as well. CNMall41 (talk) 06:05, 12 April 2023 (UTC)}}
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{{Short description|American financial influencer}}
{{Draft topics|biography|north-america}}
{{AfC topic|blp}}
{{use mdy dates|date=July 2023}}
{{Infobox person
| name = Grant Cardone
| honorific_suffix =
| image = Грант Кардон.jpg
| caption = Cardone in 2015
| birth_name = Grant Timothy Cardone
| birth_date = {{birth date and age|March 21, 1958}}
| birth_place = Lake Charles, Louisiana, U.S.
| citizenship = US
| education = LaGrange High School{{cite news |last=Basotia |first=Jyotsna |date=January 20, 2021 |title=What is Grant Cardone's net worth? Meet the 'Undercover Billionaire' entrepreneur who was a drug addict at 25 |url=https://meaww.com/grant-cardone-net-worth-undercover-billionaire-entrepreneur-drug-addict-25-success-mantra-discovery |work=Media Entertainment Arts WorldWide (MEAWW) }}
| alma_mater = McNeese State University
| occupation =
| organization =
| spouse = {{marriage|Elena Rosaia|July 4, 2004}}
| children = 2
| website = {{URL|grantcardone.com}}
}}
Grant Timothy Cardone (born March 21, 1958){{Cite news |date=March 28, 1958 |title=Madisonville Socials and Personals |url=https://www.newspapers.com/image/854504795/ |url-status=live |work=St. Tammany Farmer |location=Covington, Louisiana |page=7 |language=en |via=Newspapers.com}} is an American businessman, real estate investor, influencer, motivational speaker, and writer.
Early life
Cardone was born on 21 March 1958 in Lake Charles, Louisiana to Concetta Neil and Curtis Louis Cardone,{{cite news |last=Fernandes |first=Aurelia |date=February 10, 2021 |title=Who are Grant Cardone's parents? 'Undercover Billionaire' star talks about his parents, death and drug abuse |url=https://meaww.com/curtis-louis-concetta-neil-cardone-grant-cardone-parents-drug-abuse-undercover-billionaire |work=Media Entertainment Arts WorldWide (MEAWW) }} who were children of Italian immigrants that arrived in the United States in the early 1900s. Cardone and his siblings were raised by their mother after their father died when Cardone was 10-years-old.{{cite web |last=Cardone |first=Grant |date=March 29, 2022 |title=The #1 Way I Start EVERY Day |url=https://gctv.com/start-every-day/ |archive-url=https://web.archive.org/web/20220403185017/https://gctv.com/start-every-day/ |archive-date=April 3, 2022 |website=gctv.com |quote=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.}} For ten years Cardone struggled with drug addiction and substance abuse.{{cite web |url=https://medium.com/@grantcardone/from-drug-addict-to-billionaire-my-story-c671c303147e |title=From Drug Addict to Billionaire: My Story |last=Cardone |first=Grant |date=February 24, 2022 |website=Medium |publisher= }}
Cardone went to and graduated from LaGrange High School (Louisiana) in 1976.{{Cite book |url=https://louisianadigitallibrary.org/islandora/object/cppl-calcasieu%3A224 |title=Résumé '76 |publisher=LaGrange High School |others=Calcasieu Parish Public Library |year=1976 |publication-place=Lake Charles, Louisiana |pages=125, 145, 203 |via=Louisiana Digital Library}}
Cardone graduated from McNeese State University in Louisiana at age 23.{{Cite web |last=Goldsmith |first=Margie |date=2022-04-12 |title=Grant Cardone Q&A |url=https://bjtonline.com/business-jet-news/grant-cardone-qa |access-date=2025-05-17 |website=Business Jet Traveler |language=en}} with a Bachelor's degree. Grant has a twin brother named Gary.{{cite web |last1=Plummer |first1=Kate |date=August 22, 2024 |title=Donald Trump Donor Sued for Fraud |url=https://www.newsweek.com/donald-trump-donor-grant-cardone-fraud-lawsuit-bitcoin-1941244 |work=Newsweek |access-date=21 February 2025}}
Career
As of 2024, Cardone had approximately 8 million followers online. According to Josh Gabert-Doyon of The New Republic, by 2023 Cardone had "rose to fame as a cold-calling guru, building a large online following with videos and courses that promised to reveal the secrets of salesmanship" and has appeared on a number of reality TV shows including Turnaround King and Undercover Billionaire.{{r|hustle}}
Cardone operates multiple companies including real estate investment firm Cardone Capital, business management firm Cardone Ventures, event company Grant Cardone Enterprises, and health and wellness company 10X Health.{{r|scottsdale}} In late 2024, Cardone launched a bitcoin real estate fund.{{r|bitcoin}}
= Cardone Training Technologies =
In 2015 and 2016, several former employees of Cardone Training Technologies filed religious discrimination complaints with the Equal Employment Opportunity Commission alleging they they were fired for refusing to take Scientology training courses disingenuously renamed as "L. Ron Hubbard training".{{r|EEOC}}
Cardone's company has sued several clients who could no longer afford the hefty monthly payments on their training contracts. Having no termination clauses, clients were sued for tens of thousands of dollars of remaining balances on their contracts.{{r|huff}}
= Cardone Capital =
Cardone Capital purchases and manages large quantities of multifamily rental properties and sells shares in the pooled investment. Cardone Capital's funds have a buy-in as low as $1,000. In 2024 Cardone Capital claimed to have approximately four billion dollars in assets under management. Using his social media and other communication channels, Cardone tells potential investors that they should view "their own houses as a money-sinking liability rather than a real estate asset", that they should rent, and invest their money in his funds, which he has guaranteed 15% annualized returns. The Securities and Exchange Commission (SEC) has warned him to moderate his sales pitches.{{r|hustle}}
In 2020, a client sued Grant Cardone and Cardone Capital, LLC for violating SEC regulations regarding potential misstatements or omissions. The lawsuit, a putative class action, 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 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, stating 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".{{r|huff}}{{cite web |title=Court revives lawsuit against 10X wealth guru Grant Cardone |date=December 23, 2022 |first=Brian |last=Bandell |work=South Florida Business Journal |url=https://www.bizjournals.com/southflorida/news/2022/12/23/court-revives-lawsuit-against-grant-cardone.html}}{{cite web |title=Grant Cardone is back on the hook in a class action suit |date=December 28, 2022 |first=Francisco |last=Alvarado |work=The Real Deal |url=https://therealdeal.com/miami/2022/12/28/grant-cardone-is-back-on-the-hook-in-a-class-action-suit/}} An amended complaint was filed in 2023 by the daughter of the original plaintiff, who had died.{{r|hustle}}
{{blockquote |text=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. |source=BuzzFeed News{{r|huff}}}}
A 2022 investigative report by The Palm Beach Post showed that from 2018 to 2021 Cardone Capital-owned Miami-area apartment complex Wellington Club overcharged tenants for workforce housing — a government program to provide discounted housing in high-cost-of-living areas to renters employed in key industries such as nursing, teaching and firefighting who would otherwise be priced out of their service area. According to the report, this allowed Wellington Club to boost profits while suppressing the county's workforce housing program in a county with limited affordable housing.{{cite web |title=Cardone's Lake Worth workforce housing complex found overcharging tenants |date=December 13, 2022 |work=The Real Deal |url=https://therealdeal.com/miami/2022/12/13/cardones-lake-worth-workforce-housing-complex-found-overcharging-tenants/ |url-access=subscription |first=Kate |last=Hinsche |archive-url=https://web.archive.org/web/20221222101817/https://therealdeal.com/miami/2022/12/13/cardones-lake-worth-workforce-housing-complex-found-overcharging-tenants/ |archive-date=December 22, 2022}}{{Cite web |title=Tenants in county's largest workforce housing site overcharged by hundreds for years |url=https://www.palmbeachpost.com/story/news/local/2022/12/12/workforce-housing-large-palm-beach-county-site-overcharged-tenants/10756539002/ |date=December 12, 2022 |first=Andrew |last=Marra |work=The Palm Beach Post}}
Politics
Cardone has been a consistent supporter of Donald Trump, and even engaged Trump as the headliner at one of Cardone's 10X conferences in 2022.
Legal issues
On a 2023 livestream, Cardone got in a heated dispute with his friend John Legere who told him that "You are the biggest bullshit artist on the planet," called him "a con man of the highest order" and a "fucking fraud."{{cite web |last1=Caputo |first1=Liv |title='Bullsh-t Artist and Fraud': Ex T-Mobile CEO Loses Motion to Dismiss Defamation Case With Trump-Aligned Business Man |url=https://floridianpress.com/2024/05/bullsh-t-artist-and-fraud-ex-t-mobile-ceo-loses-motion-to-dismiss-defamation-case-with-trump-aligned-business-man/ |date=May 14, 2024 |work=The Floridian |access-date=21 February 2025}} In January 2024, Cardone sued Legere for $100 million, alleging defamation.{{cite web |last1=Lowell |first1=Hugo |title=Former T-Mobile chief denied bid to dismiss $100m defamation suit from Trump ally |url=https://www.theguardian.com/us-news/article/2024/may/16/tmobile-executive-defamation-lawsuit-trump |work=The Guardian |access-date=21 February 2025}} In August, Cardone rejected an offer from Legere to settle out of court.{{cite web |last1=Lowell |first1=Hugo |date=August 25, 2024 |title=Former T-Mobile CEO to be deposed in $100m defamation suit from Trump ally |url=https://www.theguardian.com/us-news/article/2024/aug/25/tmobile-ceo-trump-ally-defamation-suit |work=The Guardian |access-date=21 February 2025}}
In 2025 a Las Vegas woman was charged with stealing millions from seven influencers including $2.3 million from the Cardones.{{cite web |last1=Murphy |first1=Vanessa |title=High-profile influencers at center of multi-million-dollar Las Vegas theft case |url=https://www.8newsnow.com/investigators/high-profile-influencers-at-center-of-multi-million-dollar-las-vegas-theft-case/ |website=8newsnow.com |publisher=8 News Now |access-date=18 May 2025}}
Personal life
In 1986, Cardone was injured in a car accident on U.S. Route 90 in Sulphur, Louisiana.{{Cite news |date=March 2, 1986 |title=Six are injured in wrecks |url=https://www.newspapers.com/image/1037707157/ |url-status=live |work=Southwest Daily News |location=Sulphur, Louisiana |page=1 |language=en |via=Newspapers.com |volume=56 |issue=18}}
Cardone married Elena Rosaia Lyons on July 4, 2004. They have two daughters.{{Cite web |title=Who is Grant Cardone's Wife? Elena Lyons’ Kids & Relationship History |url=https://www.yahoo.com/entertainment/grant-cardone-wife-elena-lyons-095156017.html |date=November 19, 2024 |first=Ritika |last=Singh |work=Y! Entertainment}}{{cite web |url=https://elenacardone.com/about/ |title=About |website=elenacardone.com}} The Cardones reside in Golden Beach, Florida and Malibu, California.{{cite news |last=Bandell |first=Brian |date=June 4, 2021 |title=Fashion icon Tommy Hilfiger sells Golden Beach mansion for $24M (Photos) |url=https://www.bizjournals.com/southflorida/news/2021/06/04/tommy-hilfiger-sells-golden-beach-home.html |work=South Florida Business Journal |url-access=subscription |archive-url=https://ghostarchive.org/archive/MrucF |archive-date=June 16, 2023}}{{multiref2 |1={{cite news |last=McClain |first=James |date=January 19, 2022 |title=Grant Cardone Pays $40 Million for Huge Carbon Beach Mansion |url=https://www.dirt.com/gallery/moguls/power-players/grant-cardone-house-malibu-1203447529/ |work=dirt.com }}{{Dead link|date=February 2025}} |2={{cite web |url=https://www.fancypantshomes.com/celebrity-homes/grant-cardone-house/ |title=Grant Cardone's Houses: A $40M 'Castle on the Sand' and a Wildly Colorful Main Residence in Florida |last=Neamt |first=Ioana |date=March 10, 2022 |website=fancypantshomes.com |publisher= }} }} In 2024, they listed their houses in Malibu, CA and Golden Beach, FL for sale.{{cite web |last1=Zap |first1=Claudine |date=May 2, 2024 |title=Real Estate Investor Grant Cardone Selling Luxe Mansions on Both Coasts |url=https://www.realtor.com/news/celebrity-real-estate/grant-cardone-selling-two-mansions-california-florida/ |work=Realtor.com |access-date=23 February 2025}}
Elena fundraised for Keri Lake in 2024 and is active in her husband's businesses.{{cite web |last1=Skalka |first1=Liz |date=February 8, 2024 |title=The Wife of a Controversial Influence Is Hosting a Fundraiser for Keri Lake |url=https://www.huffpost.com/entry/kari-lake-elena-cardone_n_65c3baa7e4b0dbc806af011d |work=HuffPost |access-date=21 February 2025}} Following the New York business fraud lawsuit against the Trump Organization, Elena set up a GoFundMe to cover President Trump's legal costs.{{cite web |last1=Fung |first1=Gloria |date=March 8, 2024 |title=Meet the millionaires who started a GoFundMe for Donald Trump: Elena and Grant Cardone are raising funds to pay the former president's fine – while Grant 'goes broke' twice a year to pay less tax |url=https://www.scmp.com/magazines/style/entertainment/article/3254535/meet-millionaires-who-started-gofundme-donald-trump-elena-and-grant-cardone-are-raising-funds-pay |work=South China Morning Post |access-date=21 February 2025}}
Cardone is a Scientologist. According to The Village Voice he had reached the OT VIII level as of 2011.{{multiref2 |1={{cite web |url=http://blogs.villagevoice.com/runninscared/2011/06/grant_cardone_t.php |title=Grant Cardone, NatGeo's 'Turnaround King': Doing Scientology's Dirty Work? |date=June 20, 2011 |first=Tony |last=Ortega |author-link=Tony Ortega |work=The Village Voice |url-status=dead |archive-url=https://web.archive.org/web/20110624035927/http://blogs.villagevoice.com/runninscared/2011/06/grant_cardone_t.php |archive-date=June 24, 2011}} |2={{cite web |url=http://blogs.villagevoice.com/runninscared/2011/06/milton_katselas.php |title=Milton Katselas Pleads With Scientology After Grant Cardone's Attack: A Church Jihad? |date=June 24, 2011 |first=Tony |last=Ortega |author-link=Tony Ortega |work=The Village Voice |url-status=dead |archive-url=https://web.archive.org/web/20110627141939/http://blogs.villagevoice.com/runninscared/2011/06/milton_katselas.php |archive-date=June 27, 2011}} }}
Bibliography
Books authored by Grant Cardone include the following:
- {{cite book |title=If You're Not First, You're Last |year=2010 |publisher=Wiley |isbn=9780470624357}}
- {{cite book |title=The 10X Rule |year=2011 |publisher=Wiley |isbn=9780470627600}}
- {{cite book |title=Sell or Be Sold (also known as Sell to Survive) |year=2012 |publisher=Greenleaf Book Group |isbn=9780615399249 |ol=26106443M}}
- {{cite book |title=Be Obsessed or Be Average |year=2016 |publisher=Portfolio |isbn=9781101981054}}
References
{{reflist|refs=
{{cite web |last1=Taylor |first1=Julie |title=Property Mogul Grant Cardone Launches 'First Ever' Bitcoin Real Estate Fund on Florida's Space Coast |date=December 21, 2024 |url=https://www.realtor.com/news/trends/grant-cardone-bitcoin-real-estate-fund-florida-space-coast/ |work=Realtor.com |access-date=21 February 2025}}
{{cite web |title=Financial Influencer Grant Cardone Says He Can Make You A Billionaire. His Investors Claim He Defrauded Them. |date=July 20, 2023 |first=Tom |last=Warren |work=HuffPost |url=https://www.huffpost.com/entry/grant-cardone-financial-influencer_n_64ada368e4b0e87d65574e9b}}
{{cite web |last1=Gabert-Doyon |first1=Josh |date=August 29, 2023 |title=The Real Estate Hustle-Culture Con That’s Exploiting Investors and Wrecking the Housing Market |url=https://newrepublic.com/article/172775/grant-cardone-hustle-culture-real-estate |work=The New Republic |access-date=21 February 2025}}
{{cite news |last=Davis |first=Ron |date=December 1, 2022 |title=South Florida multifamily investor buys Scottsdale office building where it plans its second HQ |url=https://www.bizjournals.com/phoenix/news/2022/12/01/cardone-capital-buys-promenade-corporate-center.html |work=Phoenix Business Journal |url-access=subscription}}
}}
{{DEFAULTSORT:Cardone, Grant}}
:Category:American businesspeople in real estate
:Category:Businesspeople from Louisiana
:Category:American people of Italian descent
:Category:Real estate and property developers