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David Grutman Net Worth: How Rich is the King of Miami Nightlife?

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David Grutman Net Worth

David Grutman, who is also known as The King of Miami Nightlife is a 48 years old American business executive and entrepreneur. He is best recognized for owning several nightclubs and restaurants in Miami, Florida. As of 2022, David Grutman net worth is estimated to be around $50 million.

Full NameDavid Grutman
Birth DateJuly 3, 1974
Birth PlaceNaples, Florida, U. S.
ProfessionBusiness Executive
WifeIsabela Rangel
Net Worth$50 million

Early life

David Grutman was born on the 3rd of July, 1974 in Naples, Florida, United States. He has not provided detailed information on his parents, and early life. However, through sources, we came to know that his mom’s name is Hettie Grutman. His father, whose name has not been revealed yet, served as a President at SunTrust Bank.

Regarding his education detail, he has studied at the University of Florida, from where he graduated in finance.

David Grutman Net Worth & Career

 

 
 
 
 
 
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Following graduation in 1990, he went on to work as a bartender. He was believed to be an excellent bartender, who used to get a big tip from regular customers. Though he was not satisfied with that, he wants to achieve something big in his life. Soon, he became a manager of Biz Bistro, and while working as a manager, he established cordial relationships with many people.

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Grutman opened the LIV nightclub for the first time in 2008 which was located near the Fontainebleau Miami Beach hotel. The hotel later became the third highest-grossing nightclub in the United States in 2014. After the initial step, David eventually opened the Club Story in 2013.

David continued to expand his business horizon by starting many restaurants in other places. He opened the restaurant Komodo, the restaurant Planta South Beach, the cafe OTL, and the Swan and Bar Bevy. In the year 2019, he started a high-end steak house, FL PAPI Steak in south beach.

David recently appeared on a Full Send Podcast on November 11, 2021, where the host put up a question “You are the guy who runs the Miami?” In a reply, Dave said, “Miami is a great city, I definitely try to mark on this and I really believe in this city.”

Personal Life

David Grutman is a married man who tied the knot with the model, Isabela Rangel. They exchanged wedding vows at Wynwood Walls in a star-studded ceremony in April 2016. Together with his wife, Isabel, he is blessed with two kids Kaia Saf Grutman and Vida Rose Grutman. David is currently living a splendid moment with his family residing in Miami, Florida.

David is also quite active on Instagram, where he regularly provides an update on his professional and personal life. On October 29, 2021, he posted an Instagram picture with his family wearing special costumes on Halloween. He titled the Instagram post “It’s a Frozen Halloween”.

David Grutman Net Worth

As of 2022, David Grutman’s personal wealth is estimated to be around $50 million. He has gathered massive fortune from running various restaurants, and luxury nightclubs.

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Besides that, he also adds up a good amount from brand endorsements, advertisements, and Sponsors. In November, he purchased the new property out of foreclosure for $10.3 million, after selling his Sunset Island house for $8.3 million.

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