The combination of the Passerini reaction and olefin cross‐metathesis is shown to be a very useful approach for the divergent synthesis of dendrimers. Castor oil‐derived platform chemicals, such as 10‐undecenoic acid and 10‐undecenal, are reacted in a Passerini reaction with an unsaturated isocyanide to obtain a core unit having three terminal double bonds. Subsequent olefin cross‐metathesis with tert‐butyl acrylate, followed by hydrogenation of the double bonds and hydrolysis of the tert‐butyl ester, leads to an active core unit bearing three carboxylic acid groups as reactive sites. Iterative steps of the Passerini reaction with 10‐undecenal and 10‐isocyanodec‐1‐ene for branching, and olefin cross‐metathesis with tert‐butyl acrylate, followed by hydrogenation and hydrolysis allow the synthesis of a third‐generation dendrimer. All steps of the synthesis are carefully characterized by NMR, GPC, MS, and IR.