Tarek El Moussa, one of the most well-known HGTV celebrities out there, has carved out a successful career as a real estate investor and co-host of shows like Flip or Flop. 2018 saw Tarek and Christina Haack divorce, and he later started Flipping 101. In October 2021, he got married to Selling Sunset actress and fellow real estate professional Heather Rae Young. Let’s know Tarek El Moussa net worth.
Net worth of Tarek El Moussa
Tarek El Moussa, an American TV personality and property investor, has a $15 million net worth. Most of Tarek’s income comes from selling homes to affluent buyers and famous people for astronomical sums of money. One of the wealthiest TV stars, Tarek has greatly raised his net worth through his commercial ventures. As a viable alternative to real estate transactions, which were adversely affected by the 2008 financial crisis, the couple found success with house flipping.
Career
He started a business in the California region, and things were going well. He was making sales, and doing well in business, and while at work he met Christina, who would become his wife. When the financial crisis of 2008 came, Moussa’s company suffered significantly, much like many others at the time. He had to relocate to a less expensive property because there were many foreclosed properties in the California region.
Moussa was ready to determine what to do next. To aid him and his wife in escaping the predicament, he started looking into novel concepts and strategies. He ultimately decided to begin purchasing foreclosed properties at a bargain, renovate them, and then put them on the market. He and his wife started to make money again since the plan was working. Additionally, they believed that there was a crowd that would appreciate watching the procedure. They produced a film of their daily activities and pitched it to the HGTV network as a reality TV program.
Salaries of Tarek El Moussa
In the first several seasons of the HGTV program, Christina and Tarek each made a total of $10,000 per episode. That came to around $130,000 for the entire season. By season 3, they were earning $40,000 per episode, for a total of $600,000 per season.
The performance by Tarek El Moussa
He has a track record of purchasing property at auction, renovating it, and then reselling it. When he was 21 years old, he obtained his real estate license and immediately began flipping houses. Through his real estate investing business, he met Christina Haack, the woman who would become his wife. Christina focused on the design while Tarek oversaw the improvements. The economy was expanding before the 2008 financial crisis. After the crash, Tarek and Christina noticeably downsized from a $6,000 per month mansion to a $700 studio apartment.
Tarek, Christina, and their friend Pete De Best each put $115,000 into their first rental home in Santa Ana. The real estate holdings of Tarek and Christina prospered as the economy as a whole did. To use the footage as an audition DVD, Tarek suddenly asked a friend to record him and Christina as they completely renovated a house in 2011.
After Christina and Tarek agreed to a deal with HGTV in 2012, Flip or Flop debuted in 2013. The two are seen going through the often difficult process of making a bid on a home, fixing and reconstructing it to make it financially feasible, and then ultimately flipping it.
Assets
In anticipation of moving into Heather’s new home in Newport Beach, Tarek revealed in 2020 that he was selling the property he bought after he and his ex-wife got divorced. However, they later withdrew their offer due to issues with the home.
Conclusion
The most popular episode of Tarek El Moussa’s HGTV program “Flip or Flop” made him a reality television star and real estate agent in the United States. In the first several seasons of the HGTV program, Christina and Tarek each made a total of $10,000 per episode. He left his employment at the age of 20, obtained his real estate license, and within two years, sold his first million-dollar mansion. He has nearly 500 house flips under his belt and co-hosts the HGTV show Flip or Flop.
FAQ’s
- Tarek El Moussa’s path to wealth
Tarek El Moussa, an HGTV celebrity, earned his $10 million net worth as a well-known house flipper and real estate agent headquartered in Orange County, California, claims Celebrity Net Worth. He co-starred in the well-known HGTV program “Flip or Flop” with his ex-wife Christina, his wife at the time.
- Tarek El Moussa’s path to wealth
Tarek El Moussa, an HGTV celebrity, earned his $10 million net worth as a well-known house flipper and real estate agent headquartered in Orange County, California, claims Celebrity Net Worth. He co-starred in the well-known HGTV program “Flip or Flop” with his ex-wife Christina, his wife at the time.
- What kind of car does Tarek drive?
They both enjoy driving sports cars, so having one in the garage in addition to Tarek’s 2011 Lamborghini Gallardo—which he’s been planning to replace with a more modern model—made sense. But the 2014 GMC Sierra Denali is Tarek’s preferred model.
