| Full Name: | Dave Ramsey |
| Net Worth: | $200 million |
| Date of Birth: | September 3, 1960 |
| Place of Birth: | Antioch, Tennessee, United States |
| Nationality: | American |
| Profession: | Radio Host, Author, Financial Expert |
| Books: | The Total Money Makeover, Financial Peace, EntreLeadership, Smart Money Smart Kids, and others |
| Radio Show: | The Dave Ramsey Show |
| Other Businesses: | Financial Peace University, EntreLeadership, Ramsey Solutions, Ramsey Education |
| Social Media: | Instagram, Twitter, Facebook, YouTube |
Have you ever wondered what the net worth of Dave Ramsey is? Well, he is the host of The Ramsey Show, author of multiple New York Times Best Sellers, and a well-known finance personality.
As of May 2023, Dave Ramsey has a net worth of $200 million. This post will discuss how he achieved such great success.
Table of Contents
Early Life
On September 3, 1960, Ramsey was born in Antioch, Tennessee. His parents were real estate developers. Due to his parent’s careers, he gravitated toward real estate at an early age and knew it was what he wanted to start a career in.
After graduating from Antioch High School, he immediately took the real estate exam and passed it. He attended The University of Tennessee, Knoxville, and earned a Bachelor of Science degree in finance and Real Estate.
Ramsey worked throughout college, selling various properties. This would be the start of an illustrious business career.
Career
It wasn’t all smooth sailing to success for Ramsey. Although he started early and amassed a million-dollar portfolio by 26, he did have his setbacks.
In 1987, the Competitive Equality Banking Act of 1987 took place, and a plethora of banks changed ownership and recalled his loans and lines of credit because he had taken on too much debt.
This left Ramsey in a problematic situation, and he was forced to file for bankruptcy. It took several years for him to recover.
Once he was back on his feet and doing well again, he began to offer financial advice to couples in his local church. He enjoyed advising others, which led to the creation of Lampo Group, a financial counsel service.
He then began to offer financial advice through books and hosting. In 1992, he wrote and self-published his first book, Financial Peace, and was a host on The Money Game radio station.
The Money Game would become the Dave Ramsey Show, where he would air for three hours daily and allow individuals to call in from all over asking for his financial advice.
The show would air on the Fox Business News Network from 2007-2010 and it boosted his popularity tremendously.
In 2014, he would rebrand his counseling service as Ramsey Solutions. The company is currently making over $100 million in revenue and has a massive 47-acre campus in Franklin, Tennessee.
He would write many books and has three New York Times Best Sellers, his most famous being The Total Money Makeover.
Like Tim Ferris, Ramsey has become a person that people simply want to listen to when it comes to life advice. His podcast is extremely successful and provides a credible source of information.
Dave Ramsey Net Worth Growth
| Year | Net Worth | Factors contributing to net worth growth |
|---|---|---|
| 1990 | $0 | Starting point (assumed) |
| 1995 | $500,000 | Successful book sales and speaking engagements |
| 2000 | $5 million | Continued success of book sales and speaking engagements, the launch of “The Dave Ramsey Show” |
| 2005 | $30 million | Increased revenue from the radio show, speaking engagements, and book sales |
| 2010 | $50 million | Diversification into other businesses, including financial education programs and real estate investments |
| 2015 | $100 million | Successful expansion of financial education programs continued growth of real estate investments |
| 2020 | $150 million | Increased profitability of businesses, successful investments in the stock market |
| 2022 | $200 million | Current net worth (assumed) |
Dave Ramsey Net Worth 2023
As of May 2023, Dave Ramsey has a net worth of $200 million. Most of his wealth is from Ramsey Solutions, but his books and podcasts serve as his main income streams.
He has gone from bankruptcy to generational wealth and has inspired millions across the globe. His following should only continue to grow as time goes on and his wealth should do the same.
Key Takeaways
You can always change your life around
Ramsey filed for bankruptcy and hit rock bottom. However, he was able to pick himself up and use his experience to help others, and now he’s built an empire of wealth.
No matter how bad your situation, as long as you are breathing, you can change your life for the better. It won’t be easy, but having the right mindset is the first step.
Do what you enjoy
Ramsey enjoyed advising people and started on a tiny scale in his church. He then turned something he liked into a multi-million dollar company.
Never stray away from doing the things you enjoy because those things could generate money for you in the future.