Tarek El Moussa is famous for his hit HGTV show, Flip or Flop. Born in Long Beach, California in 1981, Tarek had a passion for entrepreneurship from a young age. However, this article discusses Tarek El Moussa net worth in 2023, his early life, his career, and how he has amassed his wealth.
Tarek El Moussa’s Early Life and Career
Childhood and education background
Tarek El Moussa was born in Long Beach, California, in 1981. He grew up in Buena Park and went to a public school. Tarek has always been interested in sports, especially football.
Tarek played throughout high school but stopped playing when he got to college. He graduated from Cypress College with an associate degree in science.
Real estate industry
After graduation, Tarek worked several jobs before finding his passion for real estate. In 2008, Tarek landed a job at a luxury homebuilder where he gained valuable experience as an agent.
In 2010, Tarek decided to go into business for himself and started his real estate agency called “The El Moussa Group.” Tarek quickly built a reputation as a skilled negotiator and savvy entrepreneur. His success eventually led him to become one of the co-hosts of Flip or Flop.
Flip or Flop Success Story
Overview of the show and its popularity
“Flip or Flop” is an American reality TV series that premiered on HGTV in April 2013. The show features Tarek El Moussa and his ex-wife Christina Anstead as they buy distressed properties, renovate them, and try to sell them for a profit.
The series became an instant hit with viewers due to its unique premise and the charismatic personalities of Tarek and Christina. “Flip or Flop” was so popular that it went on to produce multiple spin-off shows in different cities.
How it impacted Tarek’s career and net worth
The success of “Flip or Flop” had a significant impact on Tarek El Moussa net worth and career. The show made Tarek a household name, increased his visibility in the real estate industry, and opened up many new opportunities for him. Tarek’s net worth skyrocketed as he began earning $10,000 per episode of “Flip or Flop,” which later increased to over $40,000 per episode due to its immense popularity.
Behind-the-scenes details on filming the show
Filming “Flip or Flop” was no easy feat. Each episode required several weeks of planning, preparation, filming, editing, and post-production work. According to Tarek El Moussa himself, one episode could take up to three months from start to finish.
Tarek El Moussa’s Other Ventures
Aside from hosting Flip or Flop, Tarek has been involved in several other ventures that have contributed to his whooping net worth. Here are just a few examples:
Real estate investing
Tarek’s success in the real estate industry doesn’t stop with Flip or Flop. He also invests in properties on his own, flipping them for a profit.
Tarek even started his own real estate investment company called Tarek and Associates. The company specializes in finding distressed properties and transforming them into attractive homes that can sell for top dollar.
In addition to investing in residential real estate, Tarek has also dabbled in commercial real estate. He purchased a large office building in Costa Mesa, California with plans to renovate it and lease out the space. This real estate investing has also significantly contributed to Tarek El Moussa net worth today.
Hosting other TV shows
Tarek’s charismatic personality and expertise in real estate have made him a sought-after host for other TV shows. He has hosted several HGTV specials, including “White House Christmas” and “Rose Parade 2015.” Tarek has also appeared on talk shows like “The Doctors” and “Today.” In early 2021, it was announced that Tarek would be co-hosting a new show on HGTV called “Flipping 101 w/ Tarek El Moussa.” The show follows him as he mentors novice house flippers who are struggling to turn a profit.
Business partnerships
In 2017, Tarek partnered with celebrity hairstylist Jonathan Antin to launch an upscale salon called Groomed by Jonathan Antin at the SLS Hotel in Beverly Hills.
Another business venture Tarek is involved in is Success Path Education, a real estate education company that he co-founded with his ex-wife Christina. The company offers workshops and seminars to teach people how to become successful real estate investors.
Overall, the diverse range of business ventures has helped Tarek El Moussa net worth to rise today. Tarek proves that success in one area doesn’t have to limit you from exploring other options and opportunities.
Tarek El Moussa Net Worth Breakdown
As of 2023, Tarek El Moussa’s net worth is estimated to be around $60 million. This whooping net worth can be attributed to his success in real estate and television.
Income Sources
Tarek’s main source of income comes from his hit TV show “Flip or Flop,” which premiered back in 2013. The show follows Tarek and his ex-wife Christina Anstead as they buy and renovate homes to sell for a profit.
The couple was reportedly paid around $10,000 per episode by HGTV, with each season consisting of more than 20 episodes. In addition to “Flip or Flop,” Tarek has also hosted other TV shows such as “Flipping 101 with Tarek El Moussa” and “A Sale of Two Cities.” Tarek has also made several guest appearances on shows like “Today” and “The Doctors.”
Aside from television, Tarek has made a name for himself in the real estate industry. He runs his own company called The El Moussa Group, which specializes in buying distressed properties and flipping them for a profit.
Assets Owned
Tarek’s success has allowed him to accumulate an impressive collection of assets over the years. He owns several properties throughout Southern California, including a luxurious home in Newport Beach that he purchased for $2.28 million back in 2018.
In addition to real estate, Tarek is also known for his love of cars. He owns a collection of high-end vehicles, including a Lamborghini Aventador Roadster and a Ferrari 458 Italia Spider. All these assets have also contributed to Tarek El Moussa net worth today.
Conclusion
Tarek El Moussa’s journey from a struggling real estate agent to a successful TV personality and entrepreneur is truly inspiring. His perseverance through challenging personal hurdles while continuing to build wealth serves as an inspiration for those with similar aspirations. Tarek El Moussa net worth of approximately $10 million is a testament to his hard work and dedication to his craft.
