What Is The 10X Hub?
The 10X Hub Program was created by The Grant Cardone Foundation to provide Financial Literacy, Education, Entrepreneurial Development, and Mentorship Programs to level the playing field and fight poverty in South Africa. The 10X Hub also serves as a mentorship hub for adolescents without fathers.
Why South Africa?
South Africa has the highest population in the world of children growing up without a father – and that absence of a father figure has proven to have a direct effect on economic welfare, production, the erosion of human capital, social exclusion, crime, and social instability.
- 34% of the population is unemployed
- 67% of the population under the age of 35 is unemployed
- 55% live below the poverty line
- 40% never finish grade 12
- 62% of children are fatherless
- 16% of youth belong to a gang
With these statistics in mind,The Grant Cardone Foundation has partnered with Labit to launch the 10X HUB South Africa!
Stats From The Hub
In 2022, the 10X HUB has:
- Impacted 350,000 lives through digital training
- Provided 787 entrepreneurs in-person mentoring and guidance
- Gave 75 of these entrepreneurs the opportunity to pitch their business ideas
- Chosen 15 promising entrepreneurs for rigorous 6-12 month business development, in which they will each receive a sizable investment in their business
“Our mission in delivering this program is to give kids and young adults, from underserved and at-risk communities around the world, the opportunity to create the life they want, not the life that the system makes them think they have to settle for.” – Grant Cardone.
To learn more about what the 10X Hub has accomplished lately, visit our blog page HERE.
