Blog: More Confusion from Grant Cardone as He Withdraws "Cardone Equity Fund IX" From the Market - 2020-06-20

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F0.png More Confusion from Grant Cardone as He Withdraws "Cardone Equity Fund IX" From the Market June 20, 2020, Jeffrey Augustine, Scientology Money Project

Grant Cardone likes good Cuban cigars and pays for them from passive income. It's all about cashflow baby.

Grant Cardone created Cardone Equity Fund IX in late 2019.

Cardone Capital and published details of the $50 million offering on January 27, 2020. This was two months before the COVID-19 pandemic hit. Cardone Equity Fund IX was a Reg A offering which meant that Cardone was focusing on unaccredited investors. Specifically, Cardone wanted to sell 50,000 Class A interests at $1,000 each.