What is Rande Gerber’s net worth?
Rande Gerber is an American entertainment industry businessman and former model from New York. He founded nightlife companies Midnight Oil and the Gerber Group.
As of 2020, Rande Gerber’s net worth is estimated to be roughly $300 million.
Rande Gerber was born on the 27th of April, 1962, in New York. Gerber grew up in Hewlett, Long Island, New York, the son of Ellen Peckman and Jordan Gerber.
He has two brothers, and a half-sister, Sophie. He graduated in 1980 from Hewlett High School. He attended the University of Arizona and graduated with a BA in marketing.
Gerber’s ‘Gerber Group’ opened its first venue, the bar The Whiskey in the Paramount Hotel in New York City, in 1991. In 2013, he partnered with George Clooney to launch Casamigos Tequila.
He founded nightlife companies such as Midnight Oil. A bar and nightlife industry entrepreneur, his portfolio has consisted of restaurants, bars, and lounges worldwide.
In June 2017, it was sold to Diageo for $700 million, with an additional $300 million possible depending on the company’s performance over the next ten years.
In 2019, it was announced that Gerber, along with his wife Cindy Crawford, Mike Meldman, Jeff Shell and Jay Sures would purchase the Hollywood deli, Nate ‘n Al.
As of 2020, Rande Gerber’s net worth is $300 million.
Here are some of the best highlights of Rande Gerber’s career:
- Founded Midnight Oil and the Gerber Group
- Opended his first venue The Whiskey in New York (1991)
Favorite Quotes from Rande Gerber
“He has some connections in Mexico and he put us in contact with a big distillery. We started the process. It took a long time to get right. But 700 samples down and a year later we found our drink. It was perfect. And most importantly, no burn.” – Rande Gerber
“Listen, we were giving a lot away to friends and family, but still the law didn’t allow for us to be producing so much booze without being licensed. It was either go legit or stop production. So, we decided to go into business together.” – Rande Gerber
“So George and I are in Café Habana talking about launching this business – the design of the bottle, who we’d get to -distribute it. We were excited about doing more with our tequila than just drinking it. Anyway, we got dead drunk. Now, George can usually hold himself, but that night there’s no way he was going to drive home.” – Rande Gerber
“It was George’s idea to do a two-week ride every year with no real plan, and we’ve been doing it every year for the past 15 years. The idea was to get on the bikes and just go and explore with no distractions of work, phones, email or the world. Just the freedom to ride with friends.” – Rande Gerber
3 Leadership Lessons from Rande Gerber
Now that you know all about Rande Gerber’s net worth, and how he achieved success; let’s take a look at some of the lessons we can learn from him:
1. Your Business Affects Those Closest To You
Your business will affect your mental state, moods, and outlooks, so keep in mind that your loved ones are the next in the chain.
They will support you — but shouldn’t have to tolerate your bullshit. Don’t let your business ruin your relationships.
2. The Sacrifices You Make Can Isolate You
Following your own path can be highly rewarding. Yet it can also be isolating, and really, really lonely, and the research backs this up.
Whether it is skipping out on activities at the weekends, giving up a good paycheck to start your own thing, giving up every waking moment you have, sacrifices will be made, and they can leave you standing all alone.
3. Take Time Off
Don’t work every weekend. Don’t work all summer, Christmas, and every other holiday that is on the calendar.
And burn out leads to time off anyway, although rather than spending that time on the beach, you will spend it in bed with sickness. Easy choice.
Rande Gerber is a very successful businessman. Gerber has founded nightlife companies Midnight Oil and the Gerber Group. His portfolio has consisted of restaurants, bars, and lounges worldwide.
As of 2020, Rande Gerber’s net worth is approximately $300 million.