Celebrity net worth, reported honestly — figures and the stories behind the money.

David Grutman Net Worth

Nightclub owner · More Stars

David Grutman
Photo: PRCarma · Wikimedia Commons · CC BY-SA 4.0
Estimated net worth
$50M
In USD. An estimate from published reporting — approximate, not an official valuation.

Quick facts

Born1980

ProfessionNightclub owner

NationalityAmerican

CategoryMore Stars

Background and career

David Grutman is an owner and partner in several Miami-based restaurants and night clubs. Rolling Stone magazine has listed Grutman as one of the 50 most important people in electronic dance music.

David was born and raised in Naples, Florida, to a Jewish family. He graduated from Barron G. Collier High School in 1993, and holds a degree in finance from the University of Florida. He married Isabela Rangel in 2016.

Grutman opened the nightclub LIV at the Fontainebleau Miami Beach hotel in 2008, and it was the fifth highest grossing nightclub in the United States in 2014. Grutman subsequently opened the club Story in 2013, followed by the restaurant Komodo, the café OTL, the restaurant Planta South Beach, and the Swan and Bar Bevy, in which Pharrell is also a partner. In 2018, Grutman founded Groot Hospitality as a holding company for his ventures. In 2019, he sold a majority stake in the company to Live Nation Entertainment.

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