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David Grutman Net Worth: How Rich is Dave Grutman Actually?

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David Grutman Net Worth

David or Dave Grutman is an American entrepreneur who is the owner and partner in several Miami-based restaurants and night clubs. As of 2019, David Grutman net worth is estimated to be $150 million.

David was born on July 3, 1974, in Naples, Florida and was raised in a Jewish family. He holds a degree in finance from the University of Florida.

At the age of 21, Grutman migrated to Miami, Florida and worked as a bartender in South Beach. After that, he worked for some time at firms Tantra and the Opium Group. In 2008, he co-founded Miami Marketing Group where he is now the CEO and operating partner.

Miami Marketing Group became MMG Nightlife after David ran the nightclub in Jeff Soffer’s billion-dollar revamping of the Fontainebleau Hotel. In 2008, he opened the LIV nightclub at the Fontainebleau Miami Beach and it became the third highest grossing nightclub in the whole United States.

David didn’t stop there. In 2013, he opened the club Story followed by the restaurant Komodo, the café OTL, the restaurant Planta South Beach, and Sawn and Bar Beavy where Pharrell Williams is also a partner. Grutman also launched a $1 billion renovation of the Fontainebleau, an old historical hotel.

Grutman is known for introducing EDM music on nightclubs. It helped his club from $25 million to $40 million in income and profits. In 2013, his nightclub was one of the profitable clubs in the United States. He is a very rich man and owns a yacht worth $1.7 million. His annual revenue is roughly around $50 million. He has an enormous house at Sunset Island where he resides with his wife Isabela.

Regarding his personal life, Grutman is married to Isabela Rangel. Isabela is a Brazilian model and they got married on April 23, 2016. He threw a huge party with famous guests like Kanye West, Kim Kardashian, Scottie Pippen, Michael Bay, Ryan Seacrest, Hulk Hogan, and many other famous celebs.

David and his wife Isabela have a daughter together named Kaia Sof Grutman. She was born in September of 2017 and is 2 years old now. On January 11, 2019, David shared the picture where he was holding the bump of his wife. We might be expecting their second child soon.

David Grutman Net Worth: $150 million

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