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☆ Meet the art collectors with home galleries: 'The stock market doesn't give me any fulfillment'
▼ + stars: | 2024-05-27 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +8 min

Entrepreneur Grant Cardone said collecting and displaying art gives him more fulfilment than investing. Grant CardoneMultimillionaire Grant Cardone, who has been collecting art for around 15 years, says he's a spontaneous buyer. Bunker artChristian and Karen Boros' home is on top the bunker that houses their private art collection, the Boros Collection, in the center of Berlin, Germany. An artwork by Cyprien titled "Gaillard Lesser Koa Moorhen," 2013, part of the Boros Collection. Karen and Christian Boros live in a penthouse apartment above their art collection in Berlin.

Persons: Grant Cardone, Grant Cardone Multimillionaire Grant Cardone, Cardone, Grant Cardone's, Burton Morris, Tommy Hilfiger, Hilfiger, Basquiat, Grant, —, Kenny Scharf, Scharf, Phillips, Jean, Michel Basquiat, gesturing, Al, Holly, Christian Levett, He's, Levett, Elaine de Kooning, Pat Passlof, Helen Frankenthaler, Joan Mitchell, It's, … Mitchell, Elaine, Kooning, John F, Kennedy, Karen Boros, John Macdougall, Christian, Raoul Zoellner, Cyprien, Boros, Noshe Christian, Joseph Beuys —, Zoellner, Karen, Christian Boros, Max von Gumpenberg Organizations: CNBC, Apple, Grant Cardone's Miami, Harvard University and New York University, Mougin Museum, London, AFP, Getty, Berlin, Noshe, Financial Times Locations: Miami, Cardone's, American, Grant Cardone's, Florence, Italy, Mougins, France, Ponte, Berlin, Germany

☆ The US Navy's only forward-deployed aircraft carrier, USS Ronald Reagan, is leaving Japan after nearly a decade in the Pacific
▼ + stars: | 2024-05-16 | by ( Ella Sherman | Chris Panella | ) www.businessinsider.com time to read: +4 min

Read previewThe USS Ronald Reagan, the only aircraft carrier in the US Navy forward deployed, or permanently stationed in another country, is leaving Japan after spending nearly a decade in the Pacific. Related storiesIn 2021, USS Ronald Reagan briefly left its forward-deployed position to provide air support during US withdrawal operations in Afghanistan. USS Ronald Reagan traveling through the Straits of Magellan, to San Diego, CA, in a transfer move. US Navy/Photographer's Mate 3rd Class Elizabeth ThompsonThe USS Ronald Reagan already had a history of cooperation with Japan prior to its deployment. "Whether it's aboard USS Ronald Reagan today or USS George Washington in the future, we will continue to strengthen those ties at all levels, on-shore and at-sea."

Persons: —, Ronald Reagan, Ronald Reagan Sailors, Daryle Cardone, Ronald Reagan's, Reagan, Photographer's, Elizabeth Thompson, USS George Washington, George Washington, Greg Newkirk, Anthony Wallace, Gerald R Organizations: Service, US Navy, Business, Nimitz, Carrier Strike, CSG, Fleet, USS, Japan, Self, Defense Force, Navy, Aircraft, Getty, Pacific . Aircraft, US, Pacific Locations: Japan, Yokosuka, China, Afghanistan, Magellan, San Diego , CA, Bremerton , Washington, Israel, Iran, Gaza, Pacific, Russia, North Korea

☆ Commercial real estate is in big trouble — and the problems may have major financial fallout
▼ + stars: | 2024-02-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

Read previewThe tremors rattling US commercial real estate are spreading to other countries and sectors, and threaten to escalate into a financial earthquake as refinancing deadlines loom. There are growing signs that commercial real estate is in serious trouble. AdvertisementProspective losses, refinancing woes, international contagion, and panic selling combine to create a bleak outlook for the commercial property sector. The catalyst for both the banking and commercial real estate drama is deceptively dry: rising interest rates. AdvertisementMoreover, "Undercover Billionaire" star and real estate tycoon Grant Cardone has hailed the ongoing correction as a rare chance for everyday people to buy "trophy real estate" from institutional owners.

Persons: —, aren't, Barry Sternlicht, Pfandbriefbank, Warren Buffett, Ian Jacobs, Jacobs, Grant Cardone Organizations: Service, Business, Starwood Capital's, Bloomberg, European Central Bank, New York Community Bancorp, Investors, Silicon Valley Bank, Federal Reserve, Wall Street, Berkshire Hathaway, Ares Management Locations: Europe, Silicon, San Francisco, New York City, Manhattan, Los Angeles

☆ Barbara Corcoran: You don't need to 'work your buns off to get rich'—here’s what to do instead
▼ + stars: | 2023-07-16 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Barbara Corcoran has an unpopular opinion that sets her apart from most millionaire entrepreneurs. "I don't agree that you should work your buns off to get rich," Corcoran, the founder of real estate firm The Corcoran Group and star of ABC's "Shark Tank," tells CNBC Make It. But she never put her work before other aspects of her life, like family, health or time off, she says. Self-made millionaire Grant Cardone has encouraged working 95 hours per week to attain a seven-figure net worth. "If you can outwork the rest of the population, you're going to get lucky," Cardone told CNBC Make It in 2017.

Persons: Barbara Corcoran, Corcoran, Elon Musk, CNBC's David Faber, Grant Cardone, Cardone Organizations: Corcoran Group, CNBC

☆ Self-made millionaires say 'saving won't bring you wealth'—here's what will
▼ + stars: | 2023-06-16 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

Spending and investing, Corcoran and Cardone say. "Saving, saving, saving won't bring you wealth," he said in a recent tweet . "I'm just not a believer in saving money," Corcoran, a real estate entrepreneur and star of ABC's "Shark Tank," recently told CNBC Make It . If being rich means having a lot of money, saving money should logically help you get there. You can think of saving money as parking it and leaving it until you need it.

Persons: Corcoran, Cardone, I'm, I've, Barbara Corcoran, Grant Cardone, Cash, — Organizations: Cardone, CNBC, Twitter

☆ Billionaire Grant Cardone says he and other real estate investors will 'save the day' and prevent a home price crash
▼ + stars: | 2023-02-20 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

High home prices and mortgage rates have sparked a downturn in US real estate. Grant Cardone, a billionaire real estate manager, says investors will prevent that from happening. While the housing slump is escalating this year, there's a brighter future ahead, billionaire real estate fund manager Grant Cardone told Benzinga, as published by Yahoo Finance. As the real estate market softens, strategists at Goldman Sachs projected various markets, including Austin and Phoenix, will likely see peak-to-trough home declines of more than 25%. Single family homes may be a new frontier for the billionaire known for authoring books such as How to create wealth investing in real estate.

☆ Tesla is the one stock ARK Invest's Cathie Wood says she would hold for 10 years
▼ + stars: | 2023-02-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

If Cathie Wood had to hold one stock for the next decade, it would be Tesla, she said in an interview. Wood has been snapping up Tesla stock since shares of the EV maker closed out a dismal year in 2022. She estimates the stock will soar to $1,500 a share over the next five years, marking a 675% increase. In a recent Twitter Spaces interview with Cardone Capital, the famed money manager professed her bullishness for Tesla stock, which is the largest holding in her flagship ARK Innovation ETF. Wood anticipates Tesla stock reaching $1,500 a share over the next five years, implying a 675% increase from current levels.

☆ Self-made millionaire: Here are 8 things rich people do differently that make them 'ultra wealthy'
▼ + stars: | 2023-01-29 | by ( Grant Cardone | ) www.cnbc.com time to read: +4 min

But I wish I had known sooner how ultra wealthy people think about money. Instead, cash-flow real estate is the place to protect and grow money. On the flip side, cash-flow real estate — commercial real estate where you are making a monthly profit off of rent after your mortgage payments, property taxes and maintenance — is a great way to grow your money. This can apply to a business — the rich may contract to buy bulk supplies or equipment — or to you personal life. And most of the real estate I own today was purchased from sellers who picked me over other qualified buyers because we had existing relationships, and they had confidence in my ability to close.

☆ "There's more opportunity now than in the last 10 years": A real estate investor with a 178-unit portfolio shares why it's crucial to get in within the next 6 months — and offers his 4 best pieces of
▼ + stars: | 2022-11-20 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +8 min

Ahmed Seirafi is a real estate investor with over 20 years of experience and a 178-unit portfolio. Shortly thereafter, he began to pursue real estate investing full time. Now's the time to begin investing in real estateFor those interested in real estate investing, Seirafi believes that it's crucial to start sooner rather than later. But with more opportunities for real estate investors comes more potential pitfalls. "There's a million different ways of making money in real estate — there really is, and everybody makes money in real estate when they focus and stick to a lane," he said, explaining that this is the reason he's offloading his office retail buildings in favor of more multifamily and industrial developments.

☆ Self-made millionaire credits his wealth to these 4 'unpopular' money rules: 'Don't buy anything you can lease'
▼ + stars: | 2022-09-20 | by ( Grant Cardone | ) www.cnbc.com time to read: +2 min

Now, I draw income from the 18 companies I started, and the 12,000 apartment units I own that make passive income. Here are the four unpopular money and spending rules I followed, at a young age, that helped me get rich:1. Don't buy anything you can lease. Don't spend to impress others. Even though I now have money to buy expensive things, I still consider myself as fairly frugal.

☆ A married couple with a 47-unit real estate portfolio worth $19 million share the top 4 books that got them started on the path to building wealth
▼ + stars: | 2022-09-18 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

Today, Kenny Simpson and Krystle Moore have amassed a $19 million, 47-unit real estate portfolio. They share their four top book recommendations to help aspiring real estate investors. These cover wealth building, money-saving tax strategies, negotiating, and deal making. Before Kenny Simpson and Krystle Moore met in late 2008, both had previously harbored separate real estate investing ambitions. "If you're thinking about getting into real estate, you need to read 'Rich Dad Poor Dad.'"

☆ 28-year-old millionaire: 'The slow way to wealth is to save'
▼ + stars: | 2020-02-21 | by ( Kathleen Elkins | ) www.cnbc.com time to read: +3 min

"The slow way to wealth is to save." It's a lot easier to make more money than to save more. Plus, if you make a lot, "it's a lot easier to save anyways," he says. "Meanwhile, the wealthy are focusing their energy on not just earning — but earning a lot of money." The wealthy are focusing their energy on not just earning — but earning a lot of money.

☆ Self-made millionaire: Don't buy a home
▼ + stars: | 2016-11-04 | by ( Kathleen Elkins | ) www.cnbc.com time to read: 1 min

If self-made millionaire Grant Cardone could give his younger self one piece of advice, it would be to skip the home purchase. "I bought a house when I was 30 years old," Cardone tells CNBC. Looking back, "I would never buy one." Houses are "traps that prevent people from ever having enough," Cardone writes on his blog. "Sold as the American dream is more like the American nightmare where people can't move, don't ever truly own and must continue to spend to keep."

Persons: Grant Cardone, Cardone Organizations: CNBC

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