Question Answered: What Is "Flip And Flop" Tarek El Moussa’s Net Worth In 2023?
Tarek El Moussa is a well-known figure among HGTV enthusiasts, featuring on shows like Flip or Flop. This program showcases his house-buying, renovating, and selling endeavors alongside his ex-wife Christina Haack. Additionally, his spin-off series, Flipping 101 with Tarek El Moussa, sees him guiding new flippers to avoid costly blunders.
But how much is Tarek El Moussa’s net worth? And how did he amass his wealth from property flipping? In this article, we'll delve into Tarek El Moussa's net worth, income sources, and earnings, as he remains a significant and impactful personality within the real estate field.
Tarek El Moussa's Net Worth
- Net Worth: $60 Million
- Annual Income: $13 Million
- Salary per Episode: $1 Million
- Assets: $51 Million
- Liabilities: $5 Million
- Luxury Cars: 10
- Stock Portfolio: $29 Million
- Luxury Watches: 25+
- Cash in Bank: $8 Million
- Luxury Yachts: 3
- Monthly Spends: $900,000
- Taxes Paid: $600,000
According to various sources, Tarek El Moussa's net worth is estimated to be between $15 million and $60 million as of this writing. This impressive wealth is mainly derived from his real estate investments, TV Shows, and other business ventures. Tarek's riches stem from real estate ventures and his HGTV programs. With Christina, he filmed 10 seasons of Flip or Flop.
In 2015, he hosted another show, “Flip or Flop Follow-Up”, which gave him and his wife a nice boost in terms of wealth. This explains why Tarek and Christina El Moussa's net worth in 2015 increased quite a lot!
- 2023 $60 Million
- 2015 $25 Million
- 2010 $7 Million
- 2005 $1 Million
- 2000 $210,000
■ Tarek El Moussa's TV Host Salary
A large share of Tarek El Moussa’s net worth comes largely from his role as an HGTV TV host. He reportedly receives $200,000 per episode for Flip or Flop, a series spanning 10 seasons and over 150 episodes since its 2013 debut. Additionally, his spin-off, Flipping 101 with Tarek El Moussa, which premiered in 2020 and is renewed for a second season, brings him undisclosed earnings.
■ Tarek El Moussa's Alimony
The real estate and TV host also receives alimony from his ex-wife Christina Haack, adding a small sum to Tarek El Moussa’s net worth. After divorcing in 2018 after nine years of marriage and parenting two children - Taylor Reese and Brayden James - they agreed on shared custody and equal asset division.
Court records from TMZ indicate that Christina committed to paying Tarek $5,000 monthly in spousal support until December 2021 or his remarriage. For child support, she agreed to $22,000 per month until their kids come of age. She also provided a lump sum of $250,000 as an equalization payment for the asset balance.
Christina Haack, a thriving real estate investor and TV personality, initiated the successful show Flip or Flop alongside Tarek El Moussa. Her HGTV series, Christina on the Coast, aids clients in crafting their dream homes. Moreover, she boasts a book deal, furniture line, and wellness brand, contributing to her estimated $12 million net worth.
■ Tarek El Moussa's Real Estate
At the heart of Tarek El Moussa's net worth is his real estate ventures. An adept investor, he has flipped numerous houses across California, Arizona, and Nevada. Starting his real estate journey at 21, he swiftly rose to prominence as a leading agent in Orange County.
Beyond business, Tarek owns personal properties, both residences and rentals. His current dwelling is a luxury Newport Beach condo purchased for $2.28 million in 2019. Also, he owns a Maui vacation home for $2.57 million (2020) and previously sold a Yorba Linda mansion for $2.925 million (2018).
Tarek El Moussa's Early Life And Career Beginning
Born on August 21, 1981, in Long Beach, California, Tarek El Moussa boasts a mixed heritage, with his father hailing from Morocco and his mother from Belgium. Along with his sister Dominique, he treasures a close bond with his family.
His fascination with real estate ignited early, culminating in his obtaining his license at just 21. Beginning as an agent for Coldwell Banker and Keller Williams, he later dabbled in flipping homes. Chance led him to meet his future ex-wife Christina at a real estate office, and their union was formalized in 2009. In 2016, they announced their separation, finalizing the divorce two years later. The couple's marriage gave birth to two children, 12-year-old Taylor and 7-year-old Brayden.
Tarek El Moussa's Biography
- Date of birth: August 21, 1981
- Place of birth: Long Beach, California
- Parents: Mohamed El Moussa, Dominique Haack
- Siblings: Dominique El Moussa
- Spouses: Christina Haack (2009-2018) and Heather Rae Young (2021-present)
- Children: Taylor Reese (born in 2010) and Brayden James (born in 2015)
- Occupation: Real estate investor and television personality
- Ethnicity: Moroccan and Belgian
- Religion: Christian
- Net worth: $15 million as of August 2023
- TV shows: Flip or Flop, Flipping 101 with Tarek El Moussa, and The Flipping El Moussas
- Health issues: Thyroid cancer (diagnosed in 2013, in remission since 2014) and back surgery (in 2016)
Beyond his real estate and TV stardom, Tarek El Moussa embodies diverse roles: a father, son, brother, friend, and role model for aspiring entrepreneurs. His autobiography, set to debut in 2023, unveils his journey and wisdom.
Diagnosed with thyroid cancer in 2013, he triumphed into remission by 2014. Further, he underwent back surgery in 2016.
Tarek El Moussa's FAQs
▶ How Old Is Tarek El Moussa?
He is 42 years old as of August 2023.
▶ How Tall Is Tarek El Moussa?
He is 6 feet 2 inches (1.89 meters) tall.
▶ How Much Does Tarek El Moussa Weigh?
He weighs around 180 pounds (82 kilograms).
▶ Who Is Tarek El Moussa's Girlfriend?
He is engaged to Heather Rae Young, a real estate agent and star of Netflix's Selling Sunset. They started dating in 2019 and got engaged in 2020.
▶ Who Is Tarek El Moussa's Ex-Wife?
He was married to Christina Haack from 2009 to 2018. They co-host Flip or Flop and co-parent their two children.
Conclusion
Tarek El Moussa’s net worth stems from house flipping, show hosting, and entrepreneurship, he's navigated life's difficulties adeptly. With a multimillion-dollar fortune, his journey inspires all, affirming that determination, diligence, and zeal lead to success.
Even after his split from his wife, Tarek El Moussa's net worth in 2023 is still very substantial. This makes him quite an influential figure, proving that, with hard work, dedication, and passion, anything is possible.