Grant Cardone is 10X mad at his onetime pal, previous T-Mobile CEO John Legere.
In June of last calendar year, Legere named Cardone “the largest bullshit artist on the planet” and other alleged slanderous insults throughout an on line group chat that was greatly circulated on social media platforms, in accordance to a not long ago filed lawsuit.
Cardone, who sales opportunities Aventura-centered Cardone Funds, sued Legere for defamation in Miami-Dade Circuit Court docket on Thursday. Cardone is a social media influencer and enterprise tips expert who has created a countrywide multifamily empire by crowdfunding money from day to day buyers. He has numerous businesses and properties that work below his 10X banner, like the 456-unit 10X Las Olas Wander in Fort Lauderdale and the 346-unit 10X Miami River in Miami.
In his grievance, Cardone alleges that Legere’s personalized assaults resulted in his brand name dropping $100 million in benefit, which is how considerably the multifamily mogul is looking for in damages.
Legere did not reply to a telephone voice concept and a direct message on his Instagram account. In 2019, Legere moved to a Naples waterfront mansion a 12 months prior to stepping down as T-Mobile’s best govt.
“Without discussing the circumstance by itself, there has been a tremendous amount of monetary damage done simply because of his responses,” Cardone informed The True Deal. “It escalated from us getting quite helpful to him, [to] getting particularly antagonistic toward me, my manufacturer and my enterprise — making wild, insane allegations that have no validity, proof or study.”
Cardone, who has extra than 10 million on the net followers, and Legere, who has amassed 6 million on the net followers, met in 2015. At the time, Cardone came on a online video chat hosted by Legere on the streaming software Periscope, in which the then-T-Cellular CEO “made it a position to compliment Cardone for his astute business enterprise procedures and good influence on people today,” the lawsuit states.
Around the up coming 6 several years, the pair “shared a beneficial and successful romantic relationship,” in which they worked jointly on philanthropic endeavors, as very well as hosting on line team chats on a range of matters by using social media platforms these kinds of as Clubhouse and Spaces on X, formerly known as Twitter, the lawsuit states.
Their relationship begun souring in 2021 with Legere turning out to be “hostile toward Cardone…when the viewers favored Cardone’s thoughts on specified matters,” the grievance alleges. Legere allegedly resorted to individually attacking Cardone’s background, his actual physical physical appearance, his track record and his religion, Scientology.
In the course of some of the on the net chats, viewers members allegedly accused Legere of “being drunk, slurring his phrases, and showing jealous and envious of Cardone’s self-built standing,” the grievance states. Just after privately asking Legere to stop the private attacks, the ex-T-Mobile CEO instead escalated the vitriol in opposition to Cardone, the lawsuit alleges.
Around the summer months, Legere ripped into Cardone during an argument both of those of them experienced through a live team chat, including the comment about currently being the “biggest bulls**t artist on the world,” the lawsuit states. Right after questioning Cardone’s sobriety, Legere termed him a “[f**king] con-man” and mentioned, “I feel that Grant Cardone will be identified guilty of fraud.”
The trade was reposted on social media platforms, which includes Youtube, wherever audio of the team chat has amassed millions of sights, the lawsuit states.
Two folks who declare they routinely logged into the team chats said Cardone’s allegations are genuine. Throughout the June 2023 team chat, the audience bundled people who were originally fascinated in investing with Cardone, but then questioned having included due to the fact of Legere’s opinions, advertising and marketing advisor Alan Lazar told TRD by using textual content.
“Legare [had a] higher-profile [position] at T-Cellular,” Lazar reported. “He carried a great deal of affect with the viewers. So in a natural way [Legere’s] claims about Cardone brought on folks to second guess him.”
Magda Khalifa, operator of Triangle Fragrance, an Aventura-primarily based fragrance and cologne maker, said by means of text that persons she experienced recommended to make investments with Cardone or find his business tips “have been deterred by what they study/heard” about him.
As the former head of 1 of the most significant businesses in the U.S., Legere “knows better” than to make unfounded accusations, Cardone advised TRD.
“He is aware of they can cause injury,” Cardone explained. “He is familiar with the great importance of advertising. He deliberately sought to harm that rely on I have with the community.”
