Dave Ramsey is one of the most inspiring and empowering personal finance personalities in the world. He’s been in the trenches himself when it comes money struggles, and he helps millions of people avoid some of the mistakes he’s made, and helps them overcome many of the financial challenges we all face daily. Ramsey has also authored multiple national best-selling books, and he leverages the power of radio and the internet to serve over 80 million people each and every month.
That said, when you render fortunes of service, you deserve a fortune. So, that’s exactly what we’ll be highlighting on this page, the fortune Dave Ramsey has managed to build for himself over the years. So, if you’ve want to know what Dave Ramsey’s net worth is, how much it’s grown, and how he’s managed to build it up over the years, then let’s get right into it:
What Is Dave Ramsey’s Net Worth?
Dave Ramsey’s net worth back in 2018 was around $200 million, and many other sites still show this as his current net worth to this day. However, considering his assets have been appreciating over the years, along with the growth of his business revenue, which by the way, pulled in over $300 million alone just in 2022, his net worth has grown by leaps and bounds.
In an interview with fellow financial guru, Graham Stephan, Ramsey revealed that he owns over $600 million cash in real estate. In addition to this, he also revealed that he invests a good chunk of his profit every month into cash holdings that comprises of up to at least 6 months of operating capital, whereby the rest goes into investments.
That said, our estimate of Dave Ramsey’s net worth for 2023 is approximately $700 million.
How Much Does Dave Ramsey Make?
This certainly begs the question with regards to how much Dave Ramsey makes a year. And while we know his enterprises gross over $300 million in revenue a year, we don’t have a precise number for how much he takes home in profits.
On the other hand, we do have a baseline income that his massive net worth could easily afford him every year. To provide this number, all we have to do is assume he’s a savvy enough investor to earn at least a 4.5% annual dividend return for the bulk of his assets (which he most likely is, considering he’s increased his net worth from 200 million to 700 million in just four short years).
We’d also have to presuppose a hypothetical selling off of all of his assets, and then transferring that money into a handful of dividend or cash paying assets like REITs, ETFs, Stocks, or Rental Property.
The result? Dave Ramsey’s annual income would easily top $31.5 million, which also comes out to about $2.6 million a month.
DAVE RAMSEY’S MONEY METRICS
|2023 Net Worth:
|**Earnings Per Year:
Note: this is a hypothetical (but very possible) earnings metric based off the earning power of Dave Ramsey’s net worth. It does not include how much Dave Ramsey makes from projects, sponsorships, his podcast, or social media, etc. These calculations are for entertainment purposes only.
DAVE RAMSEY NET WORTH HISTORY
Dave Ramsey knows how to handle money, and its a big reason why he’s managed to grow his fortune from just $55 million in 2017 to the massive $700 million dollar empire he know controls.
That’s a growth rate of more than 1,172%, or a 53% year over year average! Below is a graph that highlights the impressive growth of his net worth over the years. Enjoy!
Dave Ramsey’s Social Media Influence
As Dave’s fortune has grown, so has his fame. And these days it’s never been easier to leverage your fame to make even more money with social media. That said, if you’ve ever wondered about how much extra money Dave Ramsey could make off of his social media, here’s your answer.
First things first, Dave Ramsey has 3.4 million Instagram followers, 953K Twitter followers, 5.9 million Facebook followers, 2.61 million YouTube subscribers, and 1.4 million TikTok followers. As such, his grand total of social media followers 14.2 million.
So, according to current social media marketing rates, Dave Ramsey could very easily get paid an extra $130K or so very over sponsored post he sells.
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— Dave Ramsey (@DaveRamsey) March 20, 2023
Dave Ramsey Fun Facts:
- Dave Ramsey’s show, ‘The Ramsey Show,’ is the 2nd largest radio talk show in America, with over 1 billion down loads.
- Dave has published 2 New York Times Best Selling Books.
- Ramsey was a multi-millionaire by the age of 26, and then lost it all at 28.
How Did Dave Ramsey Get So Rich?
So, how did Ramsey get so rich? Well, Dave Ramsey has degrees in Finance and Real Estate, and he’s been involved in Real Estate since the age of 18. His parents were also involved in the Real Estate business, and were big on programming Dave’s mindset from a young age, on how to think positively, stay motivated, and get after the things he wanted.
Of course, these aren’t the only things that help Dave Ramsey get so rich. In fact, the event that has most likely allowed for Dave Ramsey to achieve so much of the success he now enjoys, has to do with his massive financial failures early in his career.
Just after he turned 28, Ramsey filed for bankruptcy. He literally lost everything financially. But, that devastating experience ended up becoming his masterclass in personal finance.
He would go on to leverage his personal experiences with gaining money and losing it, combined with the knowledge he acquired from his formal education, to create a financial coaching and consulting businesses that has been helping countless people ever since.
So, the short answer as to how Dave Ramsey has managed to get so rich is leverage. Leverage got in him into trouble (he was over leveraged in loans), and then learned to leverage his experiences to help people. Finally, he learned how to leverage technology/radio to reach and help more people than he ever could had he just stuck to one-on-one consultations or seminars.
Read More: Dave Ramsey Success Story
Get Rich Like Ramsey
Now if Dave Ramsey can get rich, so can you. There’s no reason you can’t build wealth or become wealthy like Dave Ramsey has.
Sure, it may take a while, but the sooner you get started, the sooner you’ll arrive. We believe it, and so does Dave Ramsey. In fact, here are some of his very own words that say as much:
Read More: Dave Ramsey Quotes
More Financial Success Insights
If you’re looking for even more financial insights to help you eventually build your own massive net worth, or if you just want to know how millionaires build wealth in general, then you’ll want to watch this video below.
Brian Preston of ‘The Money Guy Show’ does a great job picking Dave’s brain on wealth-building in this extremely valuable interview.
Video Credit: The Money Guy Show (Subscribe Here)
Related: How to Get Rich With a Normal Job
Here are some key Dave Ramsey takeaways:
- Dave Ramsey Net Worth: $700 million
- Annual Earnings **: $31.5 million
- Social Media Followers: 14.2 million
- Social Media Earning Power: $130K per sponsored post
- Keys to Success: Financial Education, Taking Risks, Failure, Leverage
There aren’t many other names that come to mind as quickly as Dave Ramsey’s when the topic of ‘how to be smart with your money’ comes up.
Dave’s massive net worth just goes to show how he practices what he preaches, and that he is, indeed very smart and intentional with his money.
That said, we hope we answered your questions related to Dave Ramsey’s net worth. But even more importantly, we hope we’ve inspired you to believe that you can build your own sizable fortune as well.
Till you reach those aims,
** These earnings are hypothetical and calculated off of the earning power of Dave Ramsey’s net worth alone, assuming a 4.5% dividend yield.