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Ken McElroy Net Worth 2023: How Wealthy is the Real Estate Investor?

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Ken McElroy Net worth

Ken McElroy is an established real estate investor, entrepreneur, and author. He is the founder of MC Companies based in Scottdale. It is one of the longest-running real estate investment companies in the whole of Arizona.

He is also the author of books like The ABCs of Real Estate Investing and The Sleeping Giant.

He has been working in the real estate industry for many years. It has helped him grow his bank balance. He is known as a Rich Dad advisor. His estimated net worth is $20 million. If you are interested to know more, then you should read the below post.

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Early Life

Ken McElroy was born in the United States on 1st July 1934. He comes from a lower-middle-class family. Neither of his parents passed high school. His father was a contractor and his mother worked as a hairdresser.

Despite having financial struggles, his parents tried their best to give him a proper education. McElroy’s athletic skills helped him get admission to a reputable college. While in college, he secured a managing job at an apartment complex.

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Career

McElroy was not interested in studies. Instead, he started focusing on property investing. He entered the real estate industry without prior experience or knowledge. He bought some real estate to learn how the market works. However, his first property failed to make any profits.

He decided to set up his business, MC Companies in 2000. For this, he raised funds from investors and used the capital to buy commercial properties.

At present, he has over 250 employees working in his company. He has holdings worth billions of dollars.

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Other Ventures

Outside real estate, he introduced a program to help people learn about real estate investment. It is called the Master Course and consists of 11 videos.

This course is designed for beginners who want to get into the real estate business. It helps you learn how to manage assets, analyze the market, and more.

He is also the author of some of the best-selling finance and real estate books. Not only that, but he is also the host of the podcast called Real Estate Strategies. You can stream the podcast on Spotify and Apple Podcasts.

He launched his YouTube channel in 2015, where he discusses various topics related to passive income, planning, economics, and more. At present, his channel has over 308,000 subscribers.

Net Worth and Earnings

McElroy generates the majority of his income from his real estate company. MC Companies has been on the scene for the last 23 years, and it is only growing stronger every year.

As of now, McElroy has managed over $1 billion worth of properties. As per sources, he has assets of $750 million in real estate. His current net worth is around $20 million.

Personal Life

Ken McElroy lives with his family in Scottsdale, Arizona. Aside from real estate, he works with various foundations helping food banks, people with autism, and children.

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FAQs

1. How did Ken McElroy earn money?

Reports from Ken’s early life depict that he was never too interested in studies and school. So, when he got the chance, he shifted his focus to property investing, which managed to bring him a decent income. He entered the real estate market with no information about the market and the ways to grow. But, he learned his way to the top.

2. What does Ken McElroy do besides real estate?

Besides investing in real estate and doing property business, Ken is also popular for hosting his program, which helps interested people learn more about real estate investment. The master course is quite popular and consists of 11 videos.

3. Does Ken McElroy write books?

With the kind of first-hand knowledge and experience that Ken McElroy has gathered in such a short period, he managed to write them all down in his book. He has some of the bestselling finance and real estate books, which brings him a steady income as well.

4. How much real estate does Ken McElroy own?

According to reports, Ken has an estimated real estate investment worth $750 million under his name. However, these include a variety of properties, some of which are specifically investment properties. His net worth is $20 million.

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