David Grutman, the CEO of Miami Marketing Group, is a well-known American hotel entrepreneur. He has opened a number of restaurants and nightclubs, including the Fontainbleau Miami Beach hotel, Komodo, OTL Cafe, and Planta South Beach.

What Is David Grutman’s Net Worth?

Grutman, who began his career as a bartender, is now worth a million dollars. He leads a luxury lifestyle thanks to his riches, which he has amassed through the ownership of various restaurants and nightclubs. David Grutman has a net worth of $50 million, according to Celebrity Net Worth.

The businessman has more than 837k Instagram followers as of December 2021. According to Influencer Marketing Hub, he gets between $2,496 and $4,160 each sponsored post, with a 1.07 percent engagement rate.

What Is David Grutman’s Biography?

David Grutman was born under the sign of Cancer on July 3, 1974, in Naples, Collier County, Florida. Dave is his nickname. He is 47 years old and stands 5 feet 11 inches or 180 centimeters tall at the time of this writing.

Dave’s father, Charles Grutman, is a former financial / banking executive, and his mother, Hettie Grutman, is a former financial / banking executive. He is an American by nationality and a member of the white ethnicity (American descent).

In terms of education, he attended the University of Florida. He then earned a bachelor’s degree in finance from the public land-grant research university in Gainesville, Florida, in 1997.

How Did He Begin His Career?

After Gruntman finished his education, his father recommended him to return to his hometown and begin his career in the insurance industry. He stood in Miami, not agreeing with his father, and began working as a bartender in a local mall.

After that, he arranged a deal with Donal Soffer, the mall’s owner, and his son, Jeffrey. David’s early steps in hospitality were aided by the father-son duo. For launching the Miami Marketing Group, he received a lot of accolades.

In 2008, the son of a former finance executive founded LIV at Fontainebleu, his second nightclub after his initial success in combining the disciplines of nightlife and entertainment. Later, in 2014, the venue was ranked as the fifth most profitable nightclub in the United States.

For numerous years, his hospitality firm attracted a lot of attention and clients, including Hollywood A-listers, musicians, and world-famous athletes. He’s also collaborated with notable stars in the industry including DJ Khaled and Cedric Gervais.

Currently, David is working on The Goodtime Hotel with singer Pharrell Williams. The hotel’s amenities, which includes a restaurant and a pool club with a tropical motif, opened in April 2021. Aside from that, he is a co-owner of the Prince company. He even works as a creative director for a company that specializes in athletics and lifestyle.

Is He Married or not?

Isabel Rangel is the current wife of the King of Miami Nightlife. According to the story, the pair married in 2016.

Kaia Gruntman and Vida Gruntman are David and his wife’s two children. The couple, along with their children, are currently living in a $42 million estate at 4368 North Bay Road.

Gruntman sold his 14,000 square foot Miami oceanfront house for $8.3 million last November.