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Tarek El Moussa’s net worth can be attributed to his reality TV show and other program endorsements. He is well-known in the TV show industry and is considered one of the richest TV personalities.
Tarek is one of the richest TV personalities with huge earnings from his business ventures leading to his high net worth. He is best known for co-hosting HGTV’s Flip or Flop with his ex-wife Christina Haack.
Tarek El Moussa Early Life
Tarek El Moussa was born on August 21, 1981, and grew up in Long Beach, California. He is of Arab/European descent. He is half Middle Eastern.
His father was raised Catholic in the Middle East in Lebanon and then Egypt. His mom is from Belgium, and my dad moved to Europe as a teenager.
Tarek was born in the USA. He has a sister named Dominika. Tarek has a great relationship with his family, including his mother, father, and stepfather, who live nearby and help his children occasionally.
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Who is Tarek El Moussa?
Tarek El Moussa is an American real estate agent and reality show host. Tarek is a real estate agent and business owner in Orange County, California. He is best known for his HGTV show Flip or Flop with his ex-wife Christina El Moussa (now known as Christina Haak).
Tarek got his real estate license at 21 and immediately started flipping houses. He met his future wife, Christina Haack, through the larynx industry. They quickly teamed up with Christina focusing on design, and Tarek to manage renovations.
Business thrived until the economy crashed in 2008. After the crash, Tarek and Christina famously went from living in a large luxury home that cost $6,000 a month to a tiny apartment that cost $700 a month.
Tarek and Christina ran the El Moussa Group in Orange County, California, an area with one of the highest foreclosure rates in the country during the housing bust.
Tarek, Christina, and their partner Pete De Best bought their first investment home in Santa Ana for $115,000. After selling the property for a profit of $34,000, the trio split the money and continued trading houses, expanding their real estate investment business into Arizona and Nevada.
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What Is Tarek El Moussa’s Net Worth?
Tarek El Moussa, who is a successful real estate investor and entrepreneur, has a net worth $10 million. He appears in his reality show, and El Moussa also has investments in a construction company and a vast personal real estate portfolio.
His wealth is attributed to his success as a real estate agent and his hit show Flip or Flop. He and Christina are no longer together but still host the show every week. Moussa also has his display, Flipping 101 With Tarek El Moussa, which also airs on HGTV.
He owns more than 9 properties, 11 cars, and 3 luxury yachts. Tarek El Moussa’s assets include more than $15 million in cash reserves. Moussa also owns an investment portfolio of 6 stocks valued at $10 million. Some of the stocks that Tarek El Moussa owns are listed below.
- ViacomCBS
- Verizon Communications
- General Motors
- PepsiCo
- Procter & Gamble
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Tarek El Moussa Early Career
Tarek graduated from San Diego State University with his real estate license in 2002 at 21. They’ve has had a remarkable career setting real estate sales records for over five years.
However, Tarek felt the market’s pain during the 2008 financial crisis and adjusted his strategy to flip houses.
Tarek and Christina are so successful with their new flipping strategy that they submit an audition tape to HGTV to pitch their idea for a house flipping show. The network decided to invest in the front: Tarek and Christina filmed ten seasons of the show.
He received his real estate license in 2002 and began a string of top home sales, making a small fortune and earning a reputation as a top agent.
However, in 2008, during the economic crisis, his business fell on hard times, and he returned to flipping houses. He met his wife, Christina, during his career, and the couple went on to build their empire.
One day, Christina had an idea for a TV show about the couple’s careers. They sent an audition tape to HGTV, landing the company a ten-season deal to produce their show. The first episode of the exhibition “Flip and Flop” was broadcast on April 16, 2013.
After moving to California, the couple also opened a real estate agency called “The El Moussa Group.” The couple says they moved to the state because California has one of the highest foreclosure rates in the country, which is excellent for the home sales business.
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Personal Life & Family of Tarek El Moussa
Unfortunately, in May 2016, Tarek and Khrystyna broke up. Their split came shortly after an incident where the police were called to their home after Tarek ran away from the house following an argument and reportedly intended to kill himself.
Tarek claimed he was never suicidal and only went camping with a gun to protect himself from wild animals. In January 2017, they filed for divorce. With the divorce, the future of their show and the real estate agency they own, The El Moussa Group, was uncertain.
Their divorce was finalized in January 2018. They did manage to film the eighth season of Flip or Flop post-divorce, and they seem to be on relatively amicable terms post-divorce and co-parenting.
After their divorce, The El Moussa Group was disbanded and operates under Tarek and Associates.
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Age And Height Of Tarek El Moussa
Tarek El Moussa was born on August 21, 1981. So, Tarek El Moussa is 40 years old. He is well-known as a real estate investor and TV presenter.
Tarek El Moussa is a famous real estate investor and TV presenter born on August 21, 1981. The man has earned a decent amount of money during his career. He is 1.90 m tall and weighs 82 kg.
Tarek El Moussa Real Estate Worth
Tarek El Moussa lives in his luxurious 5,000-square-foot home in Long Beach, California. He bought his house for an estimated price of 7 million dollars. This luxury home has an expansive 600 square foot balcony, indoor pool, 7 bathrooms, and 5 bedrooms.
Tarek El Moussa recently moved into this house after minor changes in architecture and interiors. Tarek El Moussa spent an additional $400,000 on renovations.
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How Did Tarek El Moussa Earn His Net Worth?
Tarek El Moussa started making money early by buying properties at a deep discount and then investing time, energy, and money into converting them for sale.
Tarek honed his skills early by looking for investment opportunities in the market. He specifically looks for undervalued homes that may be sold cheaply because they have a lot of interior issues but are built solid.
He knows that if he can get a property that is selling for less than its actual value, either because there is a lot of interior work to be done or simply because the seller is trying to unload the property quickly, he can make a good profit by turning it over later.
Tarek increased his net worth by creating the show Flip or Flop with his then-wife, Christina El Moussa. Tarek El Moussa is currently paid about $60,000 per episode, which helps, especially if he takes a loss from the property sale.
By the time they finished the show, the pair had collectively earned approximately $10,000 per episode. But later, when the show gained a large audience, they were paid roughly $40,000 per episode in Season 3. In season 9, they are paid at least $60,000 per episode.
How Did Tarek El Moussa Become Popular?
Tarek and Christina’s real estate business has thrived as economies worldwide have strengthened. On a whim in 2011, Tarek asked a friend to record him and Christina performing to a sold-out crowd so he could use the footage for an audition.
Pie Town Productions and HGTV were inspired by Christina’s Instagram and a feed they saw. In 2012, Christina and Tarek signed a contract with HGTV, and in April 2013, their show “Flip or Flop” debuted.
The series follows a couple through the stressful steps of bidding on a home, renovating it, and reselling it for a profit. Tarek oversees the renovation, and Khrystyna is responsible for the design and adherence to the schedule.
Christina and Tarek filmed 92 episodes in 7 seasons between 2013 and 2017. The two of them gained popularity. The HGTV network has announced that Tarek El Moussa will star in its 2020 reality show called Flipping 101.
In the show, Tarek guides newbies in the real estate industry, teaching them the business basics and helping them make a profit.
Final Thoughts
Tarek El Moussa and his ex-wife Christina made headlines for their recent divorce, but Tarek doesn’t have to worry about money. The couple also announced that they would continue to work together on their HGTV show Flip or Flop, which will only add to their sizeable bank accounts. So does this tell you exactly how much Tarek El Moussa has?
Frequently Asked Questions on Tarek El Moussa’s Net Worth
Did Tarek El Moussa Earn Loos His Money?
Shortly after the 2008 financial crisis, he lost his business as a real estate agent. His life changed dramatically from a $ 6,000-a-month apartment to a $ 600-a-month rent. Tarek and his wife began working on a new project called Flipping Houses in 2009, which they pitched again to HGTV. This reality TV show helped make Tarek El Moussa one of the wealthiest people in his field.
Was Tarek El Moussa Diagnosed with Cancer?
In 2013, Ryan Reid, a registered nurse and fan of the series wrote to the company that produces the program. She suggested that the doctor examine the neck on Tarek’s neck that she had seen while watching Flip or Flop. It turned out to be cancer. Tarek was diagnosed with testicular cancer and thyroid cancer. The nurse probably saved Tarek’s life by allowing him to seek treatment before it became a severe problem. After Reed contacted the producers, The El Moussas thanked Reed in a video that can be seen on HGTV.com.
FAQs
Shortly after the 2008 financial crisis, he lost his business as a real estate agent. His life changed dramatically from a $ 6,000-a-month apartment to a $ 600-a-month rent. Tarek and his wife began working on a new project called Flipping Houses in 2009, which they pitched again to HGTV. This reality TV show helped make Tarek El Moussa one of the wealthiest people in his field.
In 2013, Ryan Reid, a registered nurse and fan of the series wrote to the company that produces the program. She suggested that the doctor examine the neck on Tarek’s neck that she had seen while watching Flip or Flop. It turned out to be cancer. Tarek was diagnosed with testicular cancer and thyroid cancer. The nurse probably saved Tarek’s life by allowing him to seek treatment before it became a severe problem. After Reed contacted the producers, The El Moussas thanked Reed in a video that can be seen on HGTV.com.
References
celebritynetworth.com –What is Tarek el Moussa’s Net Worth and Salary?
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