Billionaire Entrepreneur Secures $88M for Crypto and Multifamily Ventures, Fuels Speculation About Political Ambitions

Grant Cardone Raises $88M, Hints at California Gov. Run

By Amanda Rabines - April 4, 2025

Miami-based real estate mogul Grant Cardone has raised $88 million in a new funding round for his eponymous company, according to a regulatory filing.

The new capital infusion brings Cardone's company, Grant Cardone Enterprises, to a valuation of over $200 million, a significant increase from the $100 million valuation reported last year.

Cardone, a well-known entrepreneur and author, has been expanding his business empire in recent years. His company, which focuses on real estate investing, training, and education, has seen significant growth in recent years, with a reported $50 million in revenue in 2024 alone.

In a statement, Cardone hinted at his next move, saying, "I'm not ruling out a run for governor in California. I've always been a fighter for the underdog and I believe I can make a real difference in Sacramento."

Cardone has been a vocal critic of California's government and has spoken out on issues such as housing affordability and economic development. A potential run for governor would mark a significant departure from his business-focused career, but it's not entirely surprising given his outspoken nature and willingness to take on tough challenges.

The new funding will be used to further expand Cardone's real estate portfolio, as well as invest in new technologies and initiatives aimed at improving the lives of his customers and community.

Cardone's latest funding round was led by a group of private investors, including a number of high-net-worth individuals and family offices. The company's valuation is expected to continue to grow as it expands its reach and influence in the real estate and business communities.