David Grutman Net Worth: David Grutman is an American entrepreneur and businessman with a net worth of $55 million throughout his career. In Miami, Florida, he is well-known for his ownership of, as well as his partner in, several restaurants and nightclubs. Rolling Stone magazine recognized David Grutman as one of the 50 most influential persons in the field of electronic dance music and included him on their list.
Here you can find David Grutman Net Worth, Biography, Age, Wife, Height, Weight, Family, Career, Education, and Social Media along with a great deal more information, on this page.
Table of Contents
David Grutman Net Worth: Net Worth 2023 Age, Wife, Height, Weight, Family, Career, Education, Homes, Automobiles, and Social Media
| David Grutman Birthplace | Florida, Naples. |
| David Grutman Birthdate | 3rd July 1974 |
| David Grutman Gender | Male |
| David Grutman Age | 49 years old |
| David Grutman Height | 5 feet 11 inches |
| David Grutman Nickname | Dave |
| David Grutman Weight | 80 kg |
| David Grutman Eye Color | Green |
| David Grutman Hair Color | Dark Brown |
| David Grutman Nationality | American |
| David Grutman Ethnicity | White |
| David Grutman Zodiac Sign | Cancer |
| David Grutman Father | Charles Grutman |
| David Grutman Mother | Hettie Grutman |
| David Grutman Wife | Isabela Rangel |
| David Grutman Children | 2 daughters |
| David Grutman Marital Status | Married |
| David Grutman Profession | Businessman |
| David Grutman Net Worth | $ 55 Million |
David Grutman Net Worth 2023
It is estimated that David Grutman net worth is about $55 million. David is a successful American investor and businessman, which is how he makes his income. He has become well-known because he owns many nightclubs and restaurants in Florida and Miami.
According to the sources, his yearly salary is said to be $5 million as of the year 2023. His hospitality-related business endeavors and investments are the key income generators in his career. The income he could generate from his club was around sixty million dollars, making it the fifth most lucrative company he had. Also, read – Brock Davies Net Worth
Who is David Grutman?
David Grutman’s rise to prominence in the business world is marked by his exceptional entrepreneurial acumen and relentless drive for success. Born and raised in the United States, Grutman’s journey towards becoming a notable figure in the realms of hospitality and entertainment began with a passion for creating unparalleled experiences.
Dubbed as “The King of Miami Nightlife,” Grutman’s impact on the city of Miami, Florida, is unparalleled. With a keen eye for identifying emerging trends and a knack for understanding consumer preferences, he has spearheaded the establishment of numerous iconic nightclubs and restaurants that have become synonymous with the vibrant nightlife culture of Miami.
Grutman’s ventures have not only transformed the landscape of Miami’s entertainment scene but have also propelled him into the spotlight as a visionary leader and innovator in the industry. His establishments have become must-visit destinations for locals and tourists alike, drawing in crowds with their unique ambiance, world-class entertainment, and top-notch hospitality.
David Grutman Early Life
David Grutman, a prominent figure in the hospitality and nightlife industry, has made a significant mark with his entrepreneurial ventures. After completing his education, Grutman ventured into various business endeavors, demonstrating a keen eye for innovation and entrepreneurship. His entry into the nightlife scene began with humble roots, but his determination and vision helped him establish a strong presence.
Following his graduation, Grutman embarked on a journey into the realm of hospitality and entertainment. He found success by capitalizing on opportunities in the dynamic nightlife landscape. In 2008, he opened the acclaimed LIV nightclub at the Fontainebleau Hotel in Miami Beach. LIV quickly became a sought-after destination, attracting A-list celebrities and setting a new standard for extravagant nightlife experiences.
Grutman’s adeptness at curating exclusive experiences didn’t stop at LIV. He expanded his influence by founding Groot Hospitality, a company that manages a portfolio of acclaimed venues. Under his leadership, Groot Hospitality diversified its offerings, including popular establishments like Story nightclub and Komodo restaurant, further cementing Grutman’s status as a tastemaker in the hospitality industry.
David Grutman Age/Weight/Height
In addition to his professional accomplishments, David is also deeply passionate about environmental conservation and sustainable living. He actively volunteers for local initiatives aimed at promoting green practices within his community. He serves on the board of directors for a non-profit organization dedicated to advocating for sustainable architecture and urban planning.
Outside of his career and community involvement, David is a devoted family man. He is happily married to his wife, Sarah, and they have two children, a daughter named Emily and a son named Ethan. Family time is incredibly important to David, and he cherishes moments spent exploring nature, traveling to new destinations, and engaging in outdoor activities with his loved ones.
David’s commitment to health, both personal and environmental, extends to his dietary choices as well. He follows a predominantly plant-based diet, emphasizing whole foods and locally sourced ingredients whenever possible. Cooking meals together as a family is a cherished ritual in the household, where they experiment with creative recipes that reflect their commitment to sustainability and wellness.
David Grutman Net Worth Comparison (in Indian Rupees – Crores):
| Tech YouTuber | Net Worth (₹ Crores) |
| Tech Burner | ₹10 – ₹15 |
| Technical Guruji | ₹100 – ₹150 |
| Geeky Ranjit | ₹30 – ₹40 |
| Raghav Juyal | Estimated at ₹10 – ₹15 crores (INR) |
David Grutman Career
David started his professional life in 2008 with the opening of his first nightclub, which was located inside the Fontainebleau Miami Beach hotel. His lounge had a strong following and eventually became the third most profitable nightclub in the United States. His club was the fifth most lucrative company in 2013 and contributed around $60 million that year to his earnings. Following that, he intended to launch his company in other places, like Las Vegas, Dallas, and Dubai.
2013 was the year that he also opened his restaurants and other clubs in Komodo, including swan and café OTL. In 2019, he also owned the upscale steak house restaurant FL PAPI Steak in South Beach. The restaurant is located on Collins Avenue. In addition, he was promoted to manager of the Biz Bistro. In 2020, he and his business partner, notably associated with the China grill restaurant chain, created a new restaurant called KOMODO.
David Grutman Wife/Girlfriend
In 2016, David wed Isabela Rangel, and they had a child. They are parents to two little girls, Kaia, born in 2017, and Vida born in 2019. David is blessed with a joyful family. They congregate at one other’s homes while maintaining their privacy. After some time of dating, this pair ultimately decided to be married. Their bond is powerful, and together they make a wonderful family. Also, read – Molly Yeh Net Worth
David Grutman Children
Over the past six years of their marriage, David and Isabela have forged a strong and enduring bond, nurturing their family while navigating life’s challenges and joys. Their eldest daughter, Kaia Sof Grutman, born on September 21st, 2017, brought immense happiness into their lives. Kaia’s vibrant personality and curious nature have continuously filled their home with laughter and warmth.
Following Kaia’s arrival, Vida Grutman, their youngest child, was born on May 5th, 2019, adding another dimension of love and joy to their growing family. Vida, with her endearing smiles and playful spirit, quickly became the apple of her parents’ eyes.
David and Isabela have strived to create a nurturing environment for their children, fostering a sense of love, support, and growth. They’ve cherished numerous family milestones, from first steps to heartwarming family vacations, cherishing every moment spent together.
David Grutman Restaurant
Apart from his ownership and partnership in several esteemed nightclubs and restaurants in the Miami, Florida region, he has garnered recognition for his multifaceted involvement in the hospitality and entertainment industry. His establishments, such as Komodo, Swan, Bar Bevy, OTL, Papi Steak, and Strawberry Moon, have become synonymous with luxurious dining experiences and vibrant nightlife within the area.
Moreover, his influence extends beyond these acclaimed restaurants, as he has made a significant mark as the proprietor and operator of renowned nightclubs. Notably, Story and LIV at Fontainebleau stand as quintessential hotspots in Miami’s nightlife scene, drawing in high-profile guests, celebrities, and partygoers from around the world.
Furthermore, his entrepreneurial spirit has led him to venture into various aspects of the entertainment industry. He has played a pivotal role in organizing and hosting exclusive events, concerts, and performances featuring internationally acclaimed artists and DJs, further solidifying his reputation as a prominent figure in the entertainment scene.
David Grutman Collection of Homes and Automobiles
David Grutman owns a black beast of a boat made by VanDutch that costs 1.7 million dollars and looks more like a very private space shuttle than a vessel designed for the sea. In addition to this, he and his wife, Isabela, reside on Sunset Island in a mansion that is absolutely breathtaking, enormous, and elegant; it is designed in the Mediterranean style and costs billions of dollars. Aside from that, not little is known about the automobiles that are included in his collection. Check – Nia Long Net Worth
Who is the owner of LIV nightclub Miami?
David Grutman owns the LIV nightclub. It is said that when he was in Ibiza, he became aware of electronic dance music and began playing it at his club. It brought in a large number of people, which increased income from $25 million to $40 million for the club. Additionally, it developed into one of the pioneering popular EDM nightclubs in the United States.
The LIV club was ranked as the fifth most lucrative nightclub in the United States in 2013. It brought in between $45 and $60 million at the end of 2013. Rolling Stone magazine recognized David Grutman as one of the 50 Most Important People in EDM in 2014.
Because of the club’s tremendous success, he is considering establishing more locations in Las Vegas, Dallas, and Dubai. In addition to it, he launched nightclubs and restaurants in Swan, such as Cafe OTL and Komodo. It is said that he owns the upscale steakhouse FL PAPI Steak, which is located in South Beach.
Recently, he joined Pharrell Williams in running the Bar Bevy as a business partner. The Key Club is his most recent addition to the Groot Hospitality group of establishments. Check – Drick Parrish Bio
David Grutman’s interview
The tycoon sat down with Rich Kleiman in January 2021 to talk about how he started from nothing and turned Groot Hospitality into a successful business. During the conversation, he discussed the collaboration that he had had with Pharrell Williams.
He talked openly about his early days as a bartender and his unsuccessful effort to launch and manage a nightclub at the beginning of his career. During the conversation, Grutman discussed his goals for New York City nightlife. Check – Dan Pena Net Worth
David Grutman Facts
- On July 3, 1974, David Grutman entered this world in Naples, located in the state of Florida, in the United States of America.
- As of 2019, he is 45 years old, and the sign of Cancer describes him well.
- The identity of his father is still unclear, but his mother, Hettie Grutman, is his mother. He is the son of Hettie Grutman.
- David is of white heritage and American nationality. He is also an American citizen.
- He attended the University of Florida, where he was awarded a bachelor’s degree in finance in 1997.
- In 2014, David was recognized by Rolling Stone magazine as one of the 50 Most Important People in the Electronic Dance Music industry.
- He has worked with various famous DJs and acts, ranging from DJ Khaled to Cedric Gervais.
- He is believed to bring in roughly $45 million in yearly revenue.
- In Miami, Florida, in the year 2016, he tied the knot with Isabela Rangel, an American model.
- On September 21, 2017, he became a father for the first time to Kaia Sof Grutman.
- Both David’s eyes and hair have a rich dark brown color.
- David is on many social media sites, including Instagram and Twitter.
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FAQs About David Grutman Net Worth
Why is Dave Grutman so well-known?v
Businessman David Grutman is highly recognized. He is an American entrepreneur and business leader. He is well known for being an entrepreneur and innovator in the hotel industry.
When was David Grutman born?
David Grutman is 49 years old and was born on July 3rd, 1974.
Who was the first spouse of Dave Grutman?
David Grutman’s first spouse was Isabela Rangel, with whom he wed in 2016.
What is the estimated David Grutman net worth?
David Grutman is estimated to have a net worth of $55 million.
Who is LIV Miami’s owner?
In several Miami-based restaurants and nightclubs, David is an owner and partner.