Cedric Bobo Net Worth 2026: Project Destined CEO Career

No reputable outlet publishes a net worth figure for Cedric Bobo, and the $12.5 million figure on the older version of this page had no source, so we have removed it. What is on record is a 20-year investing career, including more than a decade at private equity firm The Carlyle Group, followed by founding Project Destined in 2016, a nonprofit that trains students in real estate and places them in paid internships with major property firms.

What is Cedric Bobo's net worth?

There is no reliable published estimate. Bobo has not appeared on any rich list, and no outlet has reported his Carlyle earnings, investments or property.

What can be checked is his income from Project Destined. The organization files IRS Form 990 returns, and ProPublica's nonprofit database summary of those filings lists Bobo as founder and CEO with $0 in reported compensation in its recent returns. In other words, the public filings do not show him drawing a salary from the nonprofit, so any wealth he has most likely comes from his earlier private equity career, which is not public.

Cedric Bobo's income: what the filings show

The older version of this page said he earns $500,000 a year. We could not find a source for that, and it has been removed. ProPublica's summary of Project Destined Inc, based in Washington, D.C., shows the charity's size:

These are the organization's figures, not his personal income. The 2024 return showed net assets of $113,806.

Career: from Carlyle to Project Destined

• Education. Commercial Observer reports that he studied mechanical engineering and took part in high school apprenticeship programs, which later shaped Project Destined's model.
• Investing. He spent about 20 years as an investor, more than 10 of them at The Carlyle Group, according to a U.S. Bank feature republished by CSRwire. CNBC describes him as a former principal at Carlyle.
• 2016: Project Destined. He co-founded the platform in 2016. It first launched in Detroit, according to Ilitch Companies, and is headquartered in Washington, D.C., per the Washington Business Journal. The name came from the 2016 film Destined.

He has said his motivation comes partly from family history: his great-grandfather, Tony Edmunds, was a Black landowner in northern Mississippi in the 1890s, a story his grandmother told him.

What Project Destined does and how big it is

Students learn financing, market research and property valuation, then analyze real deals with industry mentors and earn a stipend funded by partner companies. The organization's growth, as reported over time:

• About 300 students in its first three years; the move to remote learning in 2020 let it train 300 in a single semester (Commercial Observer).
• More than 500 students through its internships by April 2021, with Alex Rodriguez among its backers (Washington Business Journal).
• Active in 30 markets by May 2022, including a Detroit program with Related Companies and Olympia Development.
• By August 2025, more than 250 partner companies, 20,000 alumni from over 350 colleges, and a goal of training 10,000 students a year, according to Nareit.

Partners have included the University of Miami's business school, which funded scholarships for Project Destined students in 2021 (University of Miami), and U.S. Bank, which worked with the WNBA and Project Destined on a program for women from HBCUs in 2022. Alumni have gone on to firms such as JLL, Goldman Sachs and Brookfield.

Recent changes (2025–2026)

• August 2025: Project Destined was named a grantee of the Nareit Foundation, which is using it to build a talent pipeline for REITs.
• April 2026: Bobo sat down with CNBC's Diana Olick on Property Play to talk about partnerships with JLL, CBRE and Brookfield and why he thinks AI will help rather than replace young real estate professionals.
• May 2026: Commercial Observer's Power 100 series featured him as co-founder of Project Destined.
• June 2026: Builders Alliance and Project Destined launched a program for Altadena-area high school students after the January 2025 Los Angeles fires, with paid summer internships at Brookfield Residential, per a press release.

Age, height and family

His date of birth, height and marital status are not public, and the details on the older version of this page had no source. They have been removed.

How he compares

Other real estate and investment figures on this site include Byron Carlock and Del Walmsley. You may also like Donald Scott Clurman and Brook Dubman.

Why estimates differ

Private equity pay is not disclosed below the most senior partners, and Bobo has not discussed his personal finances. The nonprofit's public filings show modest revenue and no officer pay, which argues against large numbers tied to Project Destined. Without reporting on his Carlyle career or investments, his net worth cannot be estimated responsibly.