What is Rande Gerber’s net worth?
Rande Gerber, a former model turned entrepreneur, has a net worth of $400 million dollars. After graduating from the University of Arizona with a marketing degree, he shifted his focus to business and is now the owner and operator of the popular chain, Midnight Oil. He runs the company with his two brothers, Scott and Kenny.
Gerber is married to supermodel and businesswoman, Cindy Crawford, with whom he has two children. In 2007, Delta Airlines began serving a signature series of cocktails designed by Mr. Gerber. He has also made appearances on two reality programs about Hollywood and is known to be good friends with stars such as George Clooney and Kid Rock.
Casamigos Tequila sold to Diageo for $1 billion
George Clooney, Rande Gerber, and Michael Meldman founded Casamigos Tequila as a private label for friends and family before making it a public label in 2013. The trio agreed to sell the company to Diageo for $1 billion on June 21, 2017. As part of the deal, they will receive $700 million in cash and $300 million in bonuses based on future performance goals.
Rande Gerber and Cindy Crawford’s Impressive Properties
In 1998, Rande and Cindy purchased their first oceanfront Malibu home for $1.85 million. They listed the property for sale in 2019 for $7.5 million, after renting it for $45,000 per month.
The couple also owns a massive oceanfront property in Malibu, which they purchased for $4.8 million in 1999. In 2015, they acquired the two-parcel property next door for $50.5 million, creating a 6-acre compound. They sold half of the property in 2018 for $45 million.
In 2017, Rande and Cindy purchased musician Ryan Tedder’s Beverly Hills mansion for $11.625 million.
Previously, the couple owned a mansion in the exclusive El Dorado Golf & Beach Club community in Los Cabos, Mexico, next door to Rande’s tequila partner, George Clooney. In 2016, a Mexican billionaire purchased both homes for $100 million.
The couple also owned a 23-acre property in the hills above Malibu, which was once a kid’s camp. They purchased the property for $6 million in 2014, renovated it, and sold it for $13.3 million in 2016.
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