Thach Nguyen is a Vietnamese-American entrepreneur who deals in luxury residential and office real estate. Interest in his wealth arose from the public after the man began to be active on social networks, especially Tik Tok. He became a blogger after earning several million dollars. This is a clever marketing ploy to scale the business. Tik Tok businessmen very often attribute non-existent wealth to themselves in order to attract attention. We did some research to see if Thach Nguyen is as good as it seems.
How Did Thach Nguyen Make Money?
It is necessary to immediately discard all speculation about rich parents. There are not many exact facts about his life and wealth, but there is no doubt that he made himself and achieved high results thanks to hard work. He grew up without a father as a refugee from Vietnam, so at the age of 12 he got his first job.
Nguyen earned very little until he landed a job as a real estate agent at a small real estate agency at the age of 21. He had no special education. He learned the profession by trial and error, but showed incredible talent. For the first deal, Thach received $100. By 1997, he had earned his first million. There is no confirmation of this fact, but the words of the entrepreneur seem quite truthful. Errors in a few months and a few thousand dollars do not change the essence – a man was able to get rich on real estate.
Some sources credit Thach Nguyen with a controversial $200 million deal he made in 2006. There is no exact information about the contract. Such data contradict his financial position. It is possible that he had a hand in such a deal, but he certainly could not put such a sum in his pocket.
Actual Source of Income
Thach Nguyen is the owner of Thach Real Estate Group. This is the main source of his income. Estimating monthly and annual income is difficult because this is an unstable business that depends on many factors, including the season.
A few years ago, a man registered on Tik Tok. He did this not to monetize the content, but to draw attention to his company. Instagram and YouTube have not received such popularity, although these platforms allow you to make good money on the Internet.
The bet on Tik Tok worked. The turnover of his company increased. The man began to seek advice. Business development lessons also add money to Thach Nguyen’s bank account.
Thach Nguyen Net Worth
His wealth exceeded $1 million about 15 years ago. During this time, he increased his capital. His fans and partners need to be realistic. Reports of $100 million are fiction that are not based on the real state of affairs. Thach Nguyen is hard to accuse of cheating. He does not hide his wealth (he buys luxurious houses and cars), but he also does not give accurate data, giving rise to many rumors. Thach Nguyen Net Worth can reach $5M (somewhere between $4M and $6M).
A real estate expert spends a lot of money on charity. The approximate amount of such costs can reach $1 million. He does not stop, so every year he takes out several hundred thousand dollars from his pocket for the needs of the poor. Thach tries to give them housing and education. For this reason, his capital is not growing so fast. Another reason for our conservative outlook for the future is the difficult macroeconomic situation associated with geopolitical upheavals. Nguyen is close to peaking and his Net Worth will hover around $6 million depending on market conditions.
|Actual Net Worth||$5m|
|One Year Net Worth Forecast||$6m|