Cedric Bobo Net Worth 2024


Updated: January 19, 2024

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Cedric Bobo, an entrepreneur and investor, has made a significant impact in the social investment and education sectors. As the CEO and Co-Founder of Project Destined, he has been at the forefront of this growing industry. His success is reflected in his impressive net worth. Cedric Bobo net worth estimated to be around $10 million. This fortune has been accumulated through his dedication to his work and his commitment to making a difference in the world. He is recognized as an impact investor and has been featured in various publications.

Bobo’s yearly income is quite substantial, amounting to approximately $500,000. This breaks down to a monthly income of about $42,000 and a daily income of around $1,400. His earnings demonstrate that his expertise in social impact investing and education is highly valued and sought after, allowing him to maintain a comfortable and financially secure lifestyle.

Source of Income

  • Project Destined: As the CEO and Co-Founder of Project Destined, Bobo likely earns income from this nonprofit organization that focuses on real estate education and investment for underserved youth.
  • Investment Banking: His previous roles in investment banking, particularly at The Carlyle Group where he served as Principal, would have contributed significantly to his income.
  • Real Estate Investments: Given his involvement in Project Destined and his background, it’s likely that Bobo has income coming from real estate investments.
  • Speaking Engagements and Consultancy: As a recognized figure in social impact investing and education, Bobo may earn fees from public speaking, consultancy, or advisory roles.
  • Educational Programs and Workshops: Income might also be generated from educational programs or workshops related to real estate and investment, especially if these are part of Project Destined’s activities or other ventures he’s involved in.
  • Board Positions or Advisory Roles: If Bobo holds any board positions or advisory roles in companies or organizations, these could offer additional compensation.
  • Private Equity: His experience in private equity, especially during his tenure at The Carlyle Group, would have been a significant source of income.
  • Book or Publication Royalties: If Bobo has authored any books or publications related to his field of expertise, this could also be a potential source of income.

Cedric Bobo Net Worth Growth over the Years

YearNet WorthIncrease Rate
2023$10 million25%
2022$8 million23.08%
2021$6.5 million30%
2020$5 millionN/A

Early Life and Education

Cedric Bobo’s early life and education were marked by humble beginnings and a strong commitment to learning. Born in the United States, he grew up in a family that wasn’t wealthy, which presented its own set of challenges. Despite these financial constraints, his early years were filled with significant experiences that shaped his character and aspirations.

In his pursuit of education, Bobo moved to a different city, a decision that marked a new chapter in his life. This move was not just about changing locations, but also about seeking better educational opportunities and experiences. During his childhood, he developed a close bond with his siblings, a relationship that provided him with support and companionship.

Cedric Bebo wealth
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Bobo’s formal education began at home, where he laid the foundation of his learning journey. He then progressed to preschool, taking his first steps into the formal education system. His high school years were a time of growth and challenge, where he started to understand and navigate the complexities of life and learning.

After completing high school, Bobo continued his education in college. This period was crucial as he not only focused on academic achievements but also learned to tackle life’s challenges head-on. His time in college was instrumental in shaping his future path. Bobo’s dedication to his studies led him to a university degree, further solidifying his academic foundation.

Throughout his educational journey, Bobo remained focused on his interests, which eventually guided him towards his entrepreneurial ventures. His early life and education, characterized by modesty, resilience, and a thirst for knowledge, played a pivotal role in shaping him into the successful entrepreneur he is today. Similar to Ralph Herzka, Cedric Bobo could have amassed significant assets through savvy commercial real estate investments and developing iconic buildings worldwide.

Biography

Cedric BoboDetails
Full NameCedric Bobo
ProfessionCEO and Co-Founder of Project Destined
Net Worth (2023)$10 million
Yearly Income$500,000
EducationMBA from Harvard Business School; BSME, summa cum laude from the University of Tennessee
Early LifeGrew up in the United States; and had a passion for social impact investing and education from a young age
Career HighlightsWorked at The Carlyle Group as a Principal; Co-founded Project Destined
Age35 years old (as of the time of the source)
Height5 feet 9 inches
Weight75 kg
Marital StatusMarried, with a supportive wife
Social ImpactFocus on education and empowering young entrepreneurs through Project Destined
Professional FocusSocial impact investing and education

Career

Early Career Beginnings

Cedric Bobo’s career began with a strong entrepreneurial spirit. After completing his education, he ventured into the business world. His initial role was in a clothing business, where he faced numerous challenges. This experience, though demanding, taught him valuable lessons in perseverance and hard work.

Transition to Investment Banking

Bobo’s career took a significant turn when he joined The Carlyle Group, a global investment firm. Here, he served as Principal, focusing on investments in the education sector. This role marked a pivotal point in his career, allowing him to utilize his skills in a more impactful way.

Co-Founding Project Destined

The next major step in Bobo’s career was co-founding Project Destined. This nonprofit organization combined his passion for real estate investment with community development. Through Project Destined, Bobo aimed to educate underserved youth about real estate and investment, demonstrating his commitment to social impact.

Impact and Recognition

Throughout his career, Bobo has been recognized for his contributions to the business and social sectors. His journey from a humble beginning to a successful entrepreneur and a respected figure in the industry is a testament to his hard work, adaptability, and dedication to making a positive difference in society. Such as Raul Luna, Cedric Bobo may have expanded his business portfolio into diverse ventures and real estate deals, contributing to the growth of his overall net worth.

Cedric Bobo Wife

Cedric Bobo Wife
Cedric Bobo Net Worth 2024 2

Cedric Bobo is married to a supportive wife. Their relationship is based on love and trust. They support each other in life’s highs and lows. His wife’s support is crucial to his success. She helps him overcome challenges. Details about her identity are not provided. The article does not mention any children. Their family life is kept private.

Real Estate

Cedric Bobo Real Estate
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edric Bobo’s involvement in real estate is notable and multifaceted. His approach to real estate is not just as an investor, but also as an educator and community developer.

  • Co-Founder of Project Destined: Cedric Bobo co-founded Project Destined, a nonprofit organization. This organization is central to his real estate activities. It focuses on teaching underserved youth about real estate and investment.
  • Educational Approach: Through Project Destined, Bobo educates young people about the fundamentals of real estate. This includes understanding property markets, investment strategies, and the financial aspects of real estate.
  • Community Development: His work in real estate goes beyond profit. It aims at empowering communities. By educating the youth, he provides them with skills to potentially uplift their communities through real estate.
  • Professional Background: Before Project Destined, Bobo had a significant career in investment banking. This background provided him with a deep understanding of real estate investments and markets.
  • Impact on Real Estate Industry: Bobo’s work impacts the industry by bringing in new, diverse voices. He opens doors for individuals who might not have had access to real estate education and opportunities.
  • Real Estate Investment: While specific details of his real estate investments are not widely publicized, his professional activities suggest a strategic and socially conscious approach to real estate.

As with Jeff Dean, Cedric Bobo’s estimated net worth may stem partly from co-founding innovative companies and providing strategic direction that have impacted many sectors globally.

Investments

Cedric Bobo’s investment portfolio and strategies are characterized by a blend of social impact and financial acumen. Here’s a detailed look at his investment activities:

  • Project Destined: Bobo’s most notable investment is in Project Destined, a nonprofit he co-founded. This organization invests in educating underserved youth about real estate, aiming to create social impact through knowledge and empowerment.
  • Real Estate Focus: His investments are heavily focused on the real estate sector. Through Project Destined, he not only educates but also potentially invests in real estate projects that offer practical learning experiences for participants.
  • Social Impact Investments: Bobo’s investment philosophy includes a strong emphasis on social impact. He aims to create opportunities for community development and financial literacy, especially among the youth.
  • Diverse Investment Strategies: While specific details of his personal investment portfolio are not publicly known, his professional background suggests a diverse approach. This likely includes a mix of direct real estate investments and possibly other asset classes.
  • Educational Approach to Investment: Bobo’s investment strategy is unique in that it incorporates an educational component. He uses investments as a tool to teach practical skills and financial literacy.
  • Background in Finance: His background in investment banking and private equity suggests a sophisticated understanding of various investment strategies and markets.
  • Long-Term Value Creation: Bobo’s investments seem to be focused on creating long-term value, both in financial terms and in terms of social impact.

Just like Jeremy Miner, launching impactful training programs and brands that have helped professionals everywhere attain high-level success may be why Cedric Bobo has achieved a sizable net worth.

Social Media Accounts

Social media accounts with links
LinkedInClick Here
InstagramClick Here

Conclusion

Cedric Bobo, a co-founder of Project Destined and a seasoned investment professional, has amassed a significant net worth, estimated at around $10 million. His wealth is attributed to his successful career in investment banking, particularly at The Carlyle Group, and his impactful work in social investment and education through Project Destined.

Bobo’s financial success is a testament to his dedication, expertise in real estate and social impact investing, and his commitment to empowering underserved communities through education. His net worth reflects not only his professional achievements but also his contribution to creating positive societal change. Like Peter Mallouk, Cedric Bobo has potentially accumulated wealth through his leadership role transforming a prominent firm into a top player in its industry over many years.

FAQs

Who is Cedric Bobo?

Cedric Bobo is a co-founder of Project Destined and a former investment professional at The Carlyle Group.

Who is the owner of Project Destined?

Project Destined was co-founded by Cedric Bobo.

Is Project Destined worth it?

Project Destined is valued for its educational impact in teaching real estate and investment to underserved youth.

How much does Project Destined pay?

The specific pay structure at Project Destined is not publicly disclosed, focusing more on education than direct financial compensation.


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