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David Grutman Net Worth

David Grutman. (Source: Twitter)

What is the net worth of David Grutman?

$50 Million

David Grutman is an American business executive and entrepreneur with a massive net worth of $50 million whose success story centers around his ownership and partnership in many Miami-based restaurants and nightclubs.

He was named one of the 50 most influential persons in electronic dance music by Rolling Stone magazine, a prestigious publication. He has not only grown in fame but also amassed a sizable net worth over time.

Quick Facts About David Grutman

David Grutman Net Worth $50 Million
Date of BirthJuly 3, 1974
Age47
GenderMale
NationalityAmerican
ProfessionHospitality Entrepreneur
Relationship StatusMarried
WifeIsabela Rangel

David Grutman Earnings, Career, Wiki, and More

His wealth is believed to be approximately $50 million as of 2021 including his earnings, assets, and properties. He has amassed a large fortune through the operation of many restaurants and high-end nightclubs. Aside from that, he earns a substantial salary from brand endorsements, commercials, and sponsorships.

Talking about his investment in the real estate sector, after selling his Sunset Island home for $8.3 million in November, he bought the new property out of foreclosure for $10.3 million.

He went on to work as a bartender after graduating in 1990. He was thought to be a fantastic bartender who received large tips from regular customers. Even though he was dissatisfied with that, he aspired to accomplish something significant in his life. Soon after, he was promoted to manager of Biz Bistro after putting in a lot of effort, where he developed friendly relationships with a variety of people and had made some key contacts as a result of his position.

In 2008, he opened the LIV nightclub near the Fontainebleau Miami Beach hotel for the first time. In 2014, the hotel became the third most profitable nightclub in the United States. He eventually opened the Club Story in 2013 after taking the first step.

He continues to broaden his commercial horizons by opening eateries in various locations. He founded new restaurants named Komodo and Planta South Beach, as well as the cafe OTL, the Swan, and Bar Bevy. In the year 2019, he opened FL PAPI Steak which is a high-end steakhouse in South Beach.

On November 11, 2021, he appeared on a Full Send Podcast, when the host asked him, “You are the guy that runs the Miami?”. “Miami is a beautiful place,” he responded adding that he absolutely strives to make a mark on the city and truly believes in the city.

He was ranked 11 in the 50 Most Important People in EDM published by Rolling Stones. The article mentioned that his two-story cavern in the swanky Fontainebleau Hotel encapsulates dance music’s big-money with mainstream success. Go-go dancers/contortionists in the style of Ibiza, ticker tape explosions and a parade of sparkler-topped liquor bottles are all on the menu.

It further added that playing in his nightclub, LIV is a rite of passage for any aspiring EDM star — according to Nightclub & Bar magazine’s annual Top 100, LIV made more than $40 million in 2014.

You may also want to read: Dan Pena Net Worth

David Grutman Relationship and Personal Life

He is a married guy, having married Isabela Rangel who is a model. In April 2016, they married in front of a star-studded crowd at Wynwood Walls. He has two children with his wife, named Kaia Saf Grutman and Vida Rose Grutman. He is currently enjoying a wonderful time with his family in Miami, Florida.

He’s also very active on Instagram, where he posts about his business and personal life regularly. On October 29, 2021, he shared an Instagram photo of himself and his family dressed up for Halloween.

David Grutman Early Life, Family, and Education

On July 3rd, 1974, he was born in Naples, Florida, United States. He is very private regarding his family members and upbringing and hence has not revealed any details about his parents or early life. His mother’s name, however, is Hettie Grutman, according to sources. His father, whose name has yet to be revealed, worked for SunTrust Bank as a President.

In terms of his schooling, he attended the University of Florida and received a bachelor’s degree in finance.

Interesting Facts About David Grutman

  • As of November 2021, he has around 828k followers on his Instagram account.
  • He follows Jewish culture and tradition.
  • His admirers refer to him as the man in charge of Miami.
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