Thach Nguyen is a real estate developer and the founder of the Thach Real Estate Group.
He has over 30 years of experience in the field, having previously worked for John L. Scott Real Estate to sell over 130 houses yearly.
He has a net worth of approximately $10 million.
| Name | Thach Nguyen |
|---|---|
| Date of Birth: | May 18th, 1970 (52 years old) |
| Place of Birth: | Vietnam |
| Height: | 5 feet 6 inches (1.67 meters) |
| Profession: | Real estate developer, business owner |
| Marital Status: | Married |
| Children: | 2 |
| Parents: | Nhon Ke Nguyen (mother), father unknown |
| Net Worth Estimate: | $10 million |
Net Worth
It is unclear what Nguyen’s exact net worth is. However, it is speculated to be around $10 million.
Most of Nguyen’s net worth comes from his work as a real estate developer. He has sold over 2500 properties as a real estate developer for several companies, including Windermere Real Estate and John L Scott Realtors (1).
Nguyen is currently part of the top 1% of real estate developers across the United States (2). This has greatly contributed to his net worth.
Additionally, Nguyen is the founder of Thach Real Estate Group. The organization has an estimated revenue of less than $5 million, with over 1200 properties sold, contributing to its net worth (3).
Company
Nguyen is the founder of Thach Real Estate Group. Although the company’s exact revenue is unknown, it is estimated to be less than $5 million per year (4).
Nguyen created the company in 2006, although the only information regarding the company’s actual sales starts from 2010. Thach Real Estate Group would have received a portion of its earnings for all these sales. However, the exact share is unknown.
In 2009, the company sold a property for $270,000. The following year, the group sold two properties, valued at $219,950 and $225,000, while in 2011, it sold a single property for $189,950.
2012 proved to be a more successful year for Thach Real Estate, selling six properties. The lowest of these had a closing price of $71,500, while the others ranged between $249,900 to $493,000. However, in 2013, the company managed only to sell two properties at $327,995 and $306,500.
In 2014, the company sold three properties at closing prices of $306,500, $278,500, and $600,000, respectively.
The following year, they sold six properties with an average closing price between $350,000 to $400,000. They also achieved their highest known sale in 2015 at $760,000.
In 2016, Thach Real Estate Group closed on six properties for higher prices than those previously sold. These houses closed at $335,000, $525,000, $590,000, $600,000, $659,000, and their first million dollar property for $1.007 million.
In 2017, the company made their greatest number of sales at nine properties. Most of these properties had a closing price between $600,000 and $700,000.
In 2018, Thach Real Estate broke its previous records by selling a home for $1.6 million. However, the only other property they sold this year was valued at $468,000.
In 2019, the group sold 5 properties, valued at $215,000, $230,000, $250,950, $790,000, and $800,000.
The company’s most recent sale was in 2020 for a property with a closing price of $950,000 (5).
Thach Real Estate has several properties listed on its website valued at over $2 million. However, these are yet to be sold (6).
Earnings
Before working in real estate, Nguyen had a few jobs, including a restaurant. He also worked as a valet. His exact salary for these positions is unknown, although he has stated that he earned around $4 per hour. It is unclear if this is an exaggeration or an exact figure (7).
Nguyen’s first known job in the real estate industry was as an agent with Windermere Real Estate. During this time, he progressed to become a realtor expert and a listing agent specialist (8).
His exact earnings are unknown, although a real estate agent for this company is speculated to earn approximately $101,483 on average with a bonus of $24,545 (9).
Additionally, a listing specialist earns roughly $70,867 annually (10). It is unclear if Nguyen would have received this as a bonus or separate earnings from his position as a real estate agent.
Between 2000 and 2005, Nguyen worked as a realtor expert for the group John L Scott.
His salary is unknown, but this job is speculated to pay between $51,000 and $156,000 (11). As Nguyen worked at John L Scott for 15 years, his earnings were likely towards the higher end.
However, during the financial crisis of 2008 to 2010, Nguyen stated that he lost a significant amount of money. It is unclear how much exactly this was. Still, Nguyen has stated that he has since invested these earnings in his business instead (12).
In 2020, Nguyen stated that he earned over $107,000 per month “in positive cash flow” from his properties (13).
Real Estate
As a real estate agent, Nguyen has previously owned several properties. He bought his first rental property in 1997 for approximately $105,000, valued in 2020 at approximately $750,000 (14).
Nguyen currently lives on a property in Mercer Island that he claims is worth over $3 million. It is unclear if this is an exact number or merely an exaggeration on Nguyen’s behalf.
In 2020, Nguyen stated that he owned over 107 properties, though their locations are unclear (15).
Other Assets
Nguyen has spoken about owning a convertible Mercedes Benz car during his time at Windermere Real Estate (16). The exact vehicle model is unknown, although some convertible Mercedes Benz can be bought new for $71,400 (17).
Nguyen owns several other luxury cars, including a Ferrari 488, a Rolls Royce convertible, G-Wagon Mercedes, and a Bentley (18). The first of these cars can be bought for an average price of $284,700 (19), while the G-Wagon Mercedes is valued at $130,900 (20).
A Rolls Royce convertible can be bought for $368,850 (21), whilst a new Bentley is around $222,700 (22).
Early Life
Nguyen was born on May 18th, 1970, in an unknown city in Vietnam. His father’s name is unknown, as well as the names of his five siblings. His mother’s name is Nhon Ke. However, Nguyen’s father worked for the US government in Vietnam.
In 1975, the Vietnamese Communist party took control of South Vietnam, so Nguyen fled to the United States with the rest of his family.
Nguyen lived at a refugee camp in San Diego, Camp Pendleton, for several months, before moving into a rental property in the Rainier Valley. In 1988, Nguyen graduated from Franklin High School, although his final grades are unknown.
Career
Nguyen’s first real estate job was as an agent for Windermere Real Estate. He worked here from 1991 to 2000, and, at the time, Nguyen was the youngest real estate agent in the county.
In 2000, Nguyen began working for John L Scott as a realtor expert, later becoming an inspirational speaker for realtors throughout the United States. Nguyen eventually sold over 1300 homes while working for John L Scott, averaging around 130 homes sold yearly.
Between 1994 and 2004, Nguyen studied at the Mike Ferry Real Estate Training Organization, where he received a qualification in real estate sales.
In 2006, Nguyen created his real estate group, Thach Real Estate Group.
He is one of the CEOs of the company, as well as a real estate agent and expert.
Nguyen has won several awards for his work as a real estate developer. The John L Scott Realtors group awarded Nguyen the Top 1% award for his success as a real estate agent.
Additionally, the Seattle King County Association of Realtors gave Nguyen the Community Service Award and the North West Asian Weekly Foundation awarded him the Top Contributor to the Asian Community Award.
Both of these awards were given to Nguyen for his extensive outreach work. The CBS Early Show also included Nguyen in their list of people considered to be an “American Hero.”
Career Highlights
- From 1991 to 2000, he worked as a realtor expert for Windermere Real Estate
- From 2000 to 2005, he worked as a realtor expert for John L Scott
- From 1991 to 2006, he worked as an inspirational speaker for realtors
- Since 2006, he has been the CEO of his own company, Thach Real Estate Group
Personal Life
Nguyen is married, and his wife’s name is Camie Nguyen. The pair have two children together, named Russel and Hudson. It is unknown how or when the pair met.
Interesting Facts
- Nguyen supports the Seattle Sounders football club (23).
- Nguyen frequently donates to charities and has participated in numerous fundraising events, including with the Seattle Sounders and RAVE foundation (24).
- Nguyen is fluent in English, Vietnamese, and Chinese (25).
- When Nguyen and his family fled Vietnam, they had approximately one suitcase of items and $100 (26). By the age of 27, Nguyen had become a millionaire.
Have you heard my story from Evacuating Vietnam in 1975 with my family of 7, one suitcase and $100 to where I am today? https://t.co/IBzAze2hkH
— Thach Nguyen (@ThachNguyen) May 1, 2019
Summary
Thach Nguyen is a real estate developer who has worked in the property industry for over 30 years.
He has experience as a real estate agent and a businessman through his company, Thach Real Estate Group. He has a net worth of approximately $10 million.