Is Grant Cardone A Scam Or A Billionaire?

Grant Cardone I have heard this name many times, but I really didn't know if it was legit or a total

scam

. If you look them up online, there are two clear slides: This guy is a business that may be worth over a billion dollars or two. The guy is a

scam

, so our team decided to investigate Grant Cardone to find out how the guy is making money from him, if he is legit, and if he is really a

billionaire

too. Skip to the end of the video because we discovered some surprising financial things. First of all, why do people hate him so much?

Number one, the guy talks a lot and also likes to show off. He's on planes with wads of dollar bills. He created a television show called Undercover Billionaire. He is selling high ticket items and investments to people. that maybe he can't afford it, he's selling that aspiration, he has 1000 courses, he's asking non-accredited investors, people who don't make a lot of money, to invest in his real estate, most

billionaire

s, in fact, you can see how they got there . to become a billionaire his marketing is exaggerated some people say it's even called advertising he recently got sued over claims who is maintenance marketing and if you look at his products this is something that always seems strange to me he says the product is the number . one in the category the number one conference in the world the number one sales training in the world the number one investment opportunity in the world smells bad to me so I will analyze these claims in a second to see if they are legit or not but first Let's get to the interesting part: how is Grant Cardone actually making money today?

So, first of all, it's Cardone University. It is this online course that is selling, an in-depth training program for salespeople and companies that want to train their sales team. for better results all my great selling stuff closing the road to selling selling fundamentals cold calling outbound calling inbound calling ecommerce selling how to start a home business hey how about this five hours five hours on how to get started again and turn? a crisis in its expansion, so supposedly in terms of numbers, it has more than 221,000 active users and this course costs between one thousand and twelve thousand dollars, depending on the plugins you choose, how much do you really earn from the total gross income of this business?

This seems to be around $30 million a year, so let's see what people on Reddit have to say about Grant's course. Every Grant Cardone rep I've met has been pretty bad. It seems that forcing people to sell is not a real sale. Do you agree? I have to make them one. People are checking Grant and not what he teaches. I've heard him say several times that people who are more introverted would do much better than him. It doesn't seem like anyone took much from the material. put it into practice so you don't have a clear verdict on it and at the end of the day you have the right to charge whatever you want and no one has to buy it from you so I don't really see any signs of a scam, plus you have a high priced course and He does a lot of marketing around the 10x conference so every year Grant hosts a conference called the 10x conference which he describes as a rock concert, entrepreneur concert all rolled into one, previous guests have been kevin hart floyd mayweather john travolta snoop dogg bit ball scooter braun i love racing scooter looks like a scam isn't it an autoplay video? it has a fancy house like you should see me in my 800 sq ft house it has the dotted line box like this is a scam core stuff you don't see high quality brands that do it like this it works but again this is what it makes people associate you and him as a scam potentially again he's probably like a timer and all this kind of yeah oh wow timer I just guessed it and he has a bunch of pictures of the people he paid for them to be there, so just to give you some crazy numbers, in 2019 alone they filled Marlin Stadium with over 35,000 people, let's take a look at the 2021 numbers to guess what kind of revenue you're making from these tickets for this year in 2021 with 2000 seats are between 5000 and 20 thousand dollars per ticket which represents at least 10 million dollars a year of business, so a scam or a legitimate guarantee is marketed as number one. business conference in the world and again call yourself number one if that's your aspiration, but again people on the other side say, "That's really legitimate or not if you look at some of the people who have actually been to the The conference and our team looked at what people are saying.

Some people seem to love it, but a lot of people say it's an overrated launch fest. The only thing people are doing here is selling. their products.products, they don't give you any content, it's exhausting to have one after another, now after another, after another, almost contradicting each other immediately after the next speaker just spoke, it was like a webinar, so those. live webinars that you see all the time online essentially imagine that, but on stage, so this is really interesting I think you can learn from a lot of people, but most people who make millions or billions in sales. or run businesses keep quiet, because they make more money that way and that's something to really think about. about how they're not actually trying to get social media followers, in reality they probably have the smallest amount of social media followers you can imagine, so is the event too expensive or not, thousands of dollars?

It's really hard to decide if our Rolex is too expensive, yes. It's just a watch, so a lot of that depends on the people who attend, but I'd say if you spent that much on an event, you'd expect to get a lot out of it. I know personally that I went to a Tony Robbins event. put the video maybe it's somewhere here or down in the description and for me it wasn't a big event, Tony presented a lot of different products and also when there are 14,000 or 35,000 people present it's hard to give them all. What they want for me, I would say do your research if you are spending that much money on a conference, but again it sounds like the conference had some good speakers and maybe some interesting things, but maybe it's not for everyone and talking about a launch festival.

I'm going to do the opposite. I won't sell you anything, but I will be giving away a business to one of my wonderful subscribers this month. Yes, you heard right, I will buy a company on flippa.com and give it to you. For one of you, be sure to subscribe and hit the notification bell so you don't miss our breakdown of how Garyvee makes over $200 million a year. We explain how Gary built his personal brand over the last decade. as an expert and now makes over a hundred thousand dollars a talk, but no one is calling gary a scam, it's kind of interesting, so Grant has really followed the same playbook that he has built on his social media through these hype videos to 11 million followers and now he is also a thought leader.

He also charges between $50 and $100 per lecture. This is crazy. Let's do the math to see how much he actually makes from this at about 50 conferences a year at 75,000 per appearance. He makes around $3.75 million a year speaking, whether you love him or hate him. He knows how to get a crowd going and really motivate them. He has dominated the crowd in storytelling and public speaking, and the content he shares definitely strengthens my verdict. is that it's interesting that he uses all these things to build his brand, make some money talking like that, but the real money maker is next, so this is Cardone Capital, yes, perhaps the most controversial of his companies that makes all of his Money Today in 2017 Grant founded his Cardone Capital real estate syndication fund, so what the heck does this actually mean?

A real estate syndication is basically crowdfunding for real estate, you are raising money from other investors to purchase real estate properties, so how does it actually work? We post a video for us to find a property we want to buy something this beautiful here in Miami and then what I do is fill it with tenants once the property is cash flowing, then we tell the public if they would like to invest. with me, okay, you don't have to see all this and I've actually done some of these real estate syndications so I can talk to them, but what he does is raise money from anyone who is leveraging his social media audience to make That, he and his team go look for real estate deals, they negotiate, they buy, they finance, they close the deal now everyone, all the people become investors in this real real estate, now their property portfolio generates monthly rental payments of the tenants do rent them. or if they sell them, you take the profits and distribute them to all the investors, so let's look at the numbers of this business.

Cardoni Capital supposedly has $1.9 billion under management in properties in Florida, California, Arizona, Texas, etc., but how does it really earn? You have four ways to make money from these real estate transactions you get one percent for managing all the money you have raised you get one percent when you buy the property one percent when you sell the property and 35 percent of the profits of the property every time you make a real estate sale there is something called the cap rate which is the likely profit on a deal and on a great real estate deal you will make about ten percent so your total annual income just from the capital Cardone's is almost 40. million dollars, so is this real estate thing a scam or is it legit?

First of all, I haven't invested my money in anything nor did we find anyone personally, so you can't say 100, but for me, I have invested almost 400,000 in real estate syndications, this is not something new at all, So whether you are young or very old, real estate syndication is a great way to get into real estate, especially if you don't have the money but are willing to do the work, organize the deal and manage it. So what's really fascinating for Grant is that there's a gigantic return on all the upfront money he's invested to build his social networks, which makes it much easier for him to raise capital to do these real estate syndication deals in comparison with others. people, there are some scam comments from people out there, one person says that the fees and management compensation are very high, yes sometimes they are high, he also has a premium brand, but it seems that these fees are public and the People know and can make the decision. whether they want to do it or not and also in 2020 they supposedly sued him for making misleading statements about this fund, something that is a little questionable is that it accepts money from non-accredited investors, so many things like the angel list and many more. of the funds don't do this so they can protect people who don't have money or aren't really informed, so it seems that of all Grant's annual business, it's Cardinal University with 30 million, speaking publicly in almost 4 million conferences with more than 10 million. dollars and cardona with a capital of more than 40 million dollars, a total of 84 million quite respectable money matures in a year, there are some things that you should respect before talking about the scams, first of all, for anyone who is building a brand, it is valuable.

It's eye-catching has attracted a lot of attention, it works and has been doing so since 2007, that's over 10 years. I talk about the law of 100 for any of you, whether you're making videos, whether you're making calls, commit to at least 100 of them, so I'm personally not a big fan of being super flashy, it's just not my style. I mean, we're going to make tacos out of whatever, for God's sake, so you gotta give him some credit for going from being a helpless drug addict to being a multi-millionaire and maybe a billionaire, there's some credit for that and I have to give him credit too for giving the guru playbook, but Noah, here's the missing part, is he actually a billionaire according to our research?

I don't think so, so there are some. I'm wondering why people don't call Bezos Gates Musk a scam. One is because they are not extremely flashy and two, you can see what they have created. In reality, you may not be able to see all real estate loans. It's worth a billion dollars, but after mortgages it may not yet be worth a billion. Secondly, why do people hate this guy so much? It's just that people love to see flashy people fail and also when you see wealth, but it's not really clear. How it is believed is super valid for all of us to question and also for you to wonder if you want to give money to that type of person.

I personally think it's a scam, no, but I think it's weird, yes, and I should choose who. I want to learn and be careful with the following, peopleStrikingly, the richest people I know also have the fewest followers on social media. Think about it, probably at the end of the day, I don't actually think he's a real billionaire, he's more of a paper billionaire, but you can't deny that he's become a pretty smart businessman over many years, what do you think about it? I'd love to hear your thoughts in the comments below, if you like this video you'll love it, roast business gurus. on our YouTube channel ads right here, I'll see you there and I love you.