Dave Ramsey is an accomplished American author, businessman, and popular on-air personality who has influenced countless lives both directly and indirectly. He has experienced both sides of life and yet was able to reach the peak of his career despite losing almost everything he had at one time.
As a young man at the age of 26, Dave earned about a quarter of a million dollars a year and had what he called a $4 million real estate portfolio. Two years later, he lost everything as if he had never had it. Today, that experience and many others he had helped shape him into the man he is today.
Learn more about him, his family, his wealth, and other interesting facts we have collected about this man who is committed to helping people live debt-free lives.
Meet Dave Ramsey
He was born on September 3, 1960, in Antioch, Tennessee. There is no record of where he received his high school education, but we do know that Dave earned a degree in finance and real estate from the College of Business Administration at the University of Tennessee, Knoxville in 1982. He then became a real estate investor with a portfolio worth over $4 million. However, things became tragic when his financier collapsed into a major financial institution that required him to repay his loans. Dave was unable to repay these loans, which taught him a bitter lesson in financial management. He filed for bankruptcy because he lost everything he had, he was down – but not out.
During his recovery, Ramsey developed a set of financial principles based on his experiences and lessons from Larry Burkett, Ron Blue, and Art Williams. His first book, “Financial Peace,” was written in 1992 during this phase of his life.
Because Dave Ramsey saw and feared that many Americans, as well as most people who have no idea about financial principles, would probably make the mistake he had made with his million-dollar real estate portfolio, he tried to provide financial advice through the Lampo Group, LLC, which he founded in 1992.
Following the success of The Lampo Group Inc. now called Ramsey Solution, he founded other companies such as Financial Peace University, EntreLeadership, and Every Dollar. He also founded a weekly radio show called The Dave Ramsey Show. Dave also wrote other books such as “Dave Ramsey’s Complete Guide to Money”, “The Total Money Makeover”, “More Than Enough” and “EntreLeadership”, all of which are best-selling books with over 10 million copies sold together.
Family: Wife, Kids
He has been married to Sharon for over three decades and shares three children with her. His children are Rachel Cruze (daughter), Denise Ramsey (daughter), and Daniel Ramsey (son). The family lives in Franklin, Tennessee, and has been an exemplary union for many married people.
As for the family side of things, Dave is credited with writing a number of books for children, including “The Super Red Racer”: Junior Discovers Work” (2003), “A Special Thanks: Junior Discovers Integrity” (2005), and several others.
Rachel, the eldest of his three children, has established herself as an American author specializing in finance. One of her books, “Smart Money Smart Kids”, which she wrote together with her father, was named a New York Times bestseller in 2014.
What is His Net Worth?
Dave Ramsey has indeed been a blessing to so many people, he is priceless at best because the seeds of financial wisdom he has sown into the lives of many people have made them financially healthy, and for some, he has seen them build multi-million dollar business empires. The financial guru himself has a net worth of allegedly about $55 million.
Other Facts to Know
- More than 4.5 million people have taken part in his training courses.
- The Dave Ramsey Show has over 13 million listeners each week and is broadcast on more than 600 radio stations in the United States and Canada.
- In 2010 he was heavily criticized for building a large and lavish house, but in response, Dave explained that the house was actually paid for in cash and represented a small part of his net worth.
- Dave has been in business for a long time. He ran a lawn care business and sold leather bracelets when he was a student.