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Dave Ramsey’s Net Worth

By , August 12th, 2015 | 8 Comments »


Dave Ramsey's net worth

You’ve heard of Dave Ramsey. He’s the guy who preaches, “Debt is dumb. Cash is king!” on his nationally syndicated radio show. It’s aptly named The Dave Ramsey Show. He is perhaps the country’s most famous personal finance guru – right up there with Suze Orman and Clark Howard.

But just a few short decades ago, he was broke. He lost all his money in real estate. However, just last year, he bought a new house and has been extremely successful in his finance career. So, what is Dave Ramsey’s net worth now?

Dave Ramsey’s Career

Dave Ramsey was born on September 3, 1960. He is a well known personal finance advisor, businessman, author, television personality, radio host and motivational speaker.

Throughout his career, Ramsey has been striving to help others become as financially well as he is. In fact, he’s taken to numerous platforms to spread his wealth of knowledge about finance. His radio show, The Dave Ramsey Show, is heard across more than 500 radio station throughout the U.S. and Canada. You can also access it in podcast format and through various apps and websites. He’s also written a fair amount about the subject as well. Ramsey has authored five New York Times bestsellers and each outlines his rather strict (but effective) approach to money. Ramsey has also appeared on The Oprah Winfrey Show, 60 Minutes and The Early Show as well as hosting his own television show (The Dave Ramsey Show) on the Fox Business Network.

That’s not where Ramsey’s business stops though. The Lambo Group, Inc. is another Dave Ramsey effort to educated others about personal finance. The Lambo Group Inc. is headquartered in Tennessee and oversees six divisions that are geared towards financial education.

Because of all of his hard work, Ramsey was the 2009 Marconi Award winner for Network/Syndicated Personality of the Year. He was also inducted into the National Radio Hall of Fame in 2015. So, what impact has his hard work had on his wealth?


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Dave Ramsey’s Net Worth

Dave Ramsey's net worthDave Ramsey’s net worth is $55 million. While we don’t know how much of his worth is wrapped up in his business or how much income it generates, we do know his benchmark when it comes to investing. We also know that his recent house purchase was about $5 million.

The new house has a jaw-dropping 13,307 square feet and garage space of about 1,454 square feet. This means his garage is bigger than most homes in Sweden, France, Germany, Greece, Spain, Italy. The house is also rumored to have a wall of whiskey barrels in the basement, 18 shower heads in the master bathroom and an impressive media room. For someone who makes money telling people not to go into debt this seems crazy, but he stayed true to his belief that “Debt is dumb.” The house has no mortgage. Another philosophy he often preaches is that buying nice things isn’t a sin – if you can afford them. He encourages people to buy a Tesla, a yacht, even a jet if they can afford to (while still tithing to their church).

On top of his home, he’s also got things like book sales, online forums, classes and appearances that also generate regular income. So, it is safe to say that Dave Ramsey’s net worth won’t be decreasing any time soon. In fact, it is more likely that you will see an increase in the millionaire’s net worth.

Bottom Line

Dave Ramsey is VERY rich. He’s a far cry from his listeners who are typically swimming with sharks. Some say he is profiting off the poor. He charges them money to take his classes or join his forums, for instance. Surely he realizes they shouldn’t be spending money they don’t have. Or, is this okay?

Finally, if you want to get a better sense of what kind of advice Dave Ramsey is selling, consider picking up a copy of The Total Money Makeover. The book outlines some basic concepts about money and is designed similar to a self study course, so you can work through it at your own place. The book has sold more than 5 million copies – so it is worth the read. There are lots of used copies available on Amazon.com and for under ten dollars it is a solid investment in your own financial knowledge.

Interested in Dave Ramsey? Check out the video below: 

Photos: emeals and CNBC

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Comments

  • Tallaman says:

    “Some say he is profiting off the poor. He charges them money to take his classes or join his forums, for instance. Surely he realizes they shouldn’t be spending money they don’t have. Or, is this okay?”

    It might defy logic until you consider human nature. If someone takes a class they could really use, but they do not have a stake in it, they lose interest quickly and never finish, losing all the benefits the class has to offer. Making them pay something for the class forces them to examine the cost and commit to the class so they have a stake in it. A much higher percentage of participants finish and implement the practices the class teaches. It has been an excellent guide for me and I highly recommend taking Financial Peace.

    • Paula says:

      Now that is interesting, Tallaman. People will pay attention better if they have skin in the game. I never thought of it that way.

  • Bingham says:

    Another thing to consider is the fact that everything Dave Ramsey teaches *can* be learned ABSOLUTELY FREE. You can go to the library and check out the book, listen to his radio show, read online forums…. There are a host of options outside of paying for the class.

    The classes, though, are around $100 and if you purchase the materials you can attend any class anywhere for the rest of your life. It’s not $100 a class. You purchase the materials, and people who truly believe in the system volunteer to coordinate it (and yes, I’m one of those people!).

    I have absolutely no concerns with Dave’s net worth, just like I wouldn’t expect someone to have concerns with mine. Now, if someone were doing morally reprehensible things to gain that net worth? Perhaps. However, Dave practices what he preaches, and my financial portfolio says it works and that I’m well on my way to wealth!

  • Joshua Mason says:

    The Dave Ramsey show and the books are not a charity. Dave made his money by helping people. And he continues to do so. He actually has a family charity that gives away most of his paycheck each year. Furthermore, the company gives away free books, free tickets, and free classes all the time. The radio show, podcast, and live online Stream of the show are all free. The website is free, as are the tools like everydollar.com. With millions of followers on social media, 5 million copies of his main book sold, abs being the third largest syndicated talk show in the country, I’m surprised his net worth isn’t higher. You could be as successful if not more so by staying with his principles and working your butt off like he and most of his listeners.

  • Michael says:

    Much of his material is provided for free (radio show/streaming, website, etc.). Plus you can check his books out from the library. It seems like the big money maker is probably all the live events the do. Tickets for some of those multi-day workshops aimed at business owners can be a few thousand dollars. I think Financial Peace University is only about $100 or less.

  • James says:

    There is no shame in charging people to help them manage their money.

  • Cody says:

    There is two lines below from the bible that concern me. Not for Dave’s sake but for his readers. I feel that Dave is doing fine because he loves his neighbor as himself. He learned how to get out of debt, and find financial stability and genuinely wants to help others do the same (my opinion). However his readers, including me, might take it to far and start to put money before God. Gaining the world and losing their soul so to speak. By all means get out of debt and be at financial peace, but be careful about excess. (See bible verses below) What do you think about the below bible verses?, im certainly no biblical scholar.

    Proverbs 30:8 Keep deception and lies far from me, Give me neither poverty nor riches; Feed me with the food that is my portion, 9That I not be full and deny You and say, “Who is the LORD?” Or that I not be in want and steal, And profane the name of my God.

    Luke 12:15-21
    Then He said to them, “Beware, and be on your guard against every form of greed; for not even when one has an abundance does his life consist of his possessions.” And He told them a parable, saying, “The land of a rich man was very productive. “And he began reasoning to himself, saying, ‘What shall I do, since I have no place to store my crops?’ “Then he said, ‘This is what I will do: I will tear down my barns and build larger ones, and there I will store all my grain and my goods. ‘And I will say to my soul, “Soul, you have many goods laid up for many years to come; take your ease, eat, drink and be merry.”‘ “But God said to him, ‘You fool! This very night your soul is required of you; and now who will own what you have prepared?’ “So is the man who stores up treasure for himself, and is not rich toward God.”

  • A Literate Person says:

    “He encourages people to buy Tesla’s, yacht’s…” For the friggin love of G*D DAMN writing properly, LEARN HOW TO WRITE! Tesla’s what? Yacht’s what?? Pick up a damn book once in a while and learn how to spell. Damn it. I am so sick of people like you writing “articles” and getting published and spreading idiocy.

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