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Report of David Grutman Net Worth 2020, Biography, Career, Businesses, Awards and More

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David Grutman Net Worth 2020

Popular Name: David Grutman
Real Name: David Grutman
Birth Date: 3 July, 1974
Birth Place: Naples, Florida, United states
Age: 45
Gender: Male
Nationality: American
Height: 179cm
Weight: 64kg
Sexuality: Straight
Marital Status: married
Spouse(s):

Isabella Rangel

Children: 2
Profession: Business man, Entrepreneur
Years active: N/A
Net Worth: $150 Million
Last Updated: 2020

David Grutman is an American businessman famous for owning and partnering in several restaurants and night clubs in the Miami, Florida. He is the father of two children which he shares with his beautiful wife Isabela Rangel. This article discloses everything you should know on David Grutman net worth, biography, career, and accomplishments as one of the wealthiest bar operators in America.

David Grutman’s Early Life

David was born on the 3rd of July 1974 in Naples, Florida, United States. He was raised as a Jewish child by his Jewish family in Naples where he was born, and attended the University of Florida. When he was age 21, he relocated to Miami, Florida, in search of work, and found one in South Beach as a bartender. Next up, he found another opportunity to work as a marketer at the firm Tantra and the Opium Group.

David Grutman net worth
David Grutman Net Worth 2020

David Grutman’s Career

David Grutman is an operating partner and Chief Executive Officer (CEO) of Miami Marketing Group (MMG), which he co-founded in 2008 when he was 34 years old. MMG was renamed MMG Nightlife after David was asked to run the club in Jeff Soffer’s billion-dollar renovation of the Fontainebleu Hotel in Miami.

Nightclub promoter David Grutman is also the owner of a hotel nightclub named LIV. He also owns several establishments including the LIV Sun Life Stadium and the Story nightclub in South Beach. He is also the owner of a night club in Dominican Republic – the Oro Nightclub at the Hard Rock Hotel in Punta Cana.

Achievements

David Grutman is known for owning and partnering in several restaurants and night clubs in the Miami, Florida

It is said that the millionaire businessman discovered Electronic dance music (EDM) in the Spanish island of Ibiza and started playing at his club LIV, and it helped raise the club’s revenue from $25 million to $40 million, and established it as one of the groundlaying mainstream EDM venues in the USA. By 2013, the LIV nightclub was already ranking as the 5th most profitable nightclub in the entire United States, generating somewhere between $45 and $60 million that year alone. In 2014, David Grutman was named on Rolling Stone magazine’s list of “50 Most Important People in EDM”, ranking him at position 11.

David Grutman Net Worth

David Grutman Net Worth 2020

Personal Life & Family

David Grutman is the father of two children which he had with his wife Isabela Rangel who he married in 2016.

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David Grutman Net Worth 2020

A bulk of David Grutman net worth was acquired through his successful career and involvement in several business ventures. He is famous as a businessman, entrepreneur, and nightclub promoter. His wealth primarily comes through his business of owning and partnering with several nightclubs and restaurants in the United States. His several restaurants and clubs, include the LIV nightclub, Swan, the Café OTL, the restaurant Komodo, and Bar Bevy. He also owns a high end steakhouse in South Beach, Florida known as Papi Steak. His LIV nightclub has gone on to become the third-highest grossing nightclub in the United States, ranking as the 5th most profitable nightclub in the State and generating nearly $60 million in the year 2013.

According to Forbes, Grutman’s nightclubs Story and LIV are among the Top 10 nightclubs in the United States by revenue. The two renowned brands have served as catalysts for the growth and development of Grutman’s newly created lifestyle collective, Groot Hospitality. But David Grutman, 45, does not seem to settle for growing his businesses in South Florida alone. His plans include building his company to become a popular hospitality leader in the world that is successful in hotels, nightclubs, and restaurants. And he is in search of spaces in cities such as Las Vegas, Dallas, and Dubai for his next bigger-than-life destinations. He is a very rich man and owns a yacht worth $1.7 million. His annual revenue is roughly around $50 million.

Widely regarded as a “Hospitality Entrepreneur”, David Grutman net worth 2020 is about $150 million.

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