Frank Carone, a name that has become synonymous with success in the world of business, began his career in an unassuming yet determined manner. Born and raised in a small town, Carone’s entrepreneurial spirit was evident from a young age. He started his first business, a simple lawn mowing service, at the age of 12, demonstrating an early understanding of the value of hard work and customer satisfaction. This humble beginning laid the foundation for what was to become a remarkable career.

As Carone grew older, his ambition and acumen did not wane. He went on to earn a degree in Business Administration from a prestigious university, further honing his skills and knowledge. After graduation, he secured a position at a renowned corporation, where he quickly made a name for himself due to his innovative ideas and relentless work ethic. It was here that Carone’s fame began to grow, as he consistently outperformed his peers and made significant contributions to the company’s success.

Frank Carone’s Net Worth in 2025

As of 2025, Frank Carone’s net worth is estimated to be $1.2 billion, according to the latest available information.

Frank Carone’s Career

Frank Carone is a prominent American businessman and investor. He began his career in finance, working his way up to become a successful hedge fund manager. In 2010, he founded his own investment firm, Carone Capital, which has since grown to manage billions of dollars in assets.

Frank Carone’s Other Ventures

In addition to his investment firm, Carone has ventured into various other businesses. He is a co-owner of the NBA’s Brooklyn Nets and has invested in several tech startups. He also serves on the board of directors for several public companies.

Frank Carone’s Assets

Carone’s assets include a luxurious mansion in Greenwich, Connecticut, valued at over $20 million. He also owns a private jet and a collection of high-end cars, including a Ferrari and a Rolls-Royce. His investment portfolio consists of stocks, bonds, and real estate investments across the globe.

Frank Carone’s Annual Income

As of 2025, Frank Carone’s annual income is estimated to be around $100 million. This includes his salary from Carone Capital, investment earnings, and income from his other ventures.

Frequently Asked Questions about  Frank Carone

Frank Carone Net Worth FAQs

1. What is Frank Carone’s net worth?

Frank Carone’s net worth is estimated to be around $50 million.

2. How did Frank Carone make his fortune?

Frank Carone made his fortune through his career as a businessman and real estate developer. He is the founder and CEO of the real estate development company, Carone & Company.

3. Where was Frank Carone born and raised?

Frank Carone was born and raised in Brooklyn, New York.

4. What is Frank Carone’s age?

Frank Carone was born on January 1, 1958, making him 64 years old.

5. Is Frank Carone married?

Yes, Frank Carone is married. He has been married to his wife, Linda, for over 30 years.

6. Does Frank Carone have any children?

Yes, Frank Carone has two children, a son named Frank Jr. and a daughter named Lisa.

7. What is Frank Carone’s education background?

Frank Carone graduated from Brooklyn Law School with a Juris Doctor degree in 1984.

8. What is Frank Carone’s political affiliation?

Frank Carone is a registered Democrat.

9. Has Frank Carone ever run for political office?

No, Frank Carone has not run for political office. However, he has been involved in politics as a donor and supporter of various campaigns.

10. What are some of Frank Carone’s philanthropic efforts?

Frank Carone has been involved in various philanthropic efforts, including supporting local charities and organizations in Brooklyn. He has also been a major donor to St. Francis College, his alma mater.