Charlie Ton Quy - The boy who lived to become a "nail king" earns half a billion dollars/year in the US

Appearing in recent videos of dollar millionaire Vuong Pham with long romantic hair and the title "king of the nail industry", Charlie Ton Quy quickly gained the attention and attention of many netizens.

With nearly 800 nail shops scattered across the US, Charlie Ton Quy is a billionaire dollar - one of the most successful Vietnamese overseas. However, before becoming a "king", shaking hands with the giant Walmart - one of the largest companies in the world, the journey of the boy from Nha Trang was not easy.

Charlie Ton Quy's real name is Ton That Khuong Quy, born in 1970. Charlie Ton Quy was born in a family of 4 brothers and he ranked 2nd. His father was a soldier and his mother was a businessman. In 1986, when he finished 8th grade, he went to America alone. His parents hope he will have a good future. Charlie graduated from high school and attended Louisiana State University with a major in chemical engineering.

The land of flowers at that time with Charlie Ton Quy was like a paradise, but when we arrived, we realized that real life is not like a dream. Her body was like hers, he had to run to do manual labor, help with housework, "stay" for the families of small businesses in the market to make a living.

"Life here is too extreme, I just got there and had to go scavenge for shrimp heads. Then I worked at Swatman market, a Vietnamese coffee market to make a living. Since childhood, my mother trained me to study in the morning and afternoon, so No matter how hard it is, I still try to finish high school and then go to university "- Charlie Ton Quy recounted the time he had just come to America.

In 1995, Charlie Ton Quy graduated in chemical engineering with high marks. However, that year America was in trouble, a fresh graduate like Charlie Ton Quy had absolutely no chance to get a job. In November of the same year, Charlie Ton Quy opened the first nail supply shop for the simple reason that his wife - Mrs. Le Phuong had a nail salon and he himself "cheated" a little knowledge of chemistry. But with no capital, he had to borrow $ 70,000 - that small amount of capital was the beginning of the billionaire's illustrious career later.

During a visit to a Walmart supermarket, the billionaire was surprised to find that there were many multi-industry salons but not any nail salons. Immediately, Charlie Ton Quy asked to cooperate with Walmart but was flatly refused. However, Charlie Ton Quy was not discouraged but continued to persevere for 2 years to convince. Finally, in 1997, the billionaire's luck also came when a store withdrew from the supermarket. Charlie Ton Quy became the first Vietnamese to successfully negotiate with Walmart.

After the success of the first nail salon, Walmart continued to allow Charlie Ton Quy to open more stores. Currently, his Regal Nails brand has more than 800 stores across the United States, the billionaire's goal is to expand market share to more parts of the world. In addition to the chain of nail shops, the billionaire also owns the second largest nail supply system in the US. Thanks to that, Charlie Ton Quy quickly became a dollar billionaire, living a rich life, enjoying expensive and luxurious services.

As a private company, Regal Nails does not disclose financial figures. But if each nail salon has an average revenue of $34,000 a month (according to Nails magazine), Quy's Regal Nails empire has an annual revenue of about $450 million. The turnover of up to half a billion USD per year is indeed not a small number with just the care and painting of nails and pedicures in the US. According to an expert in the securities industry, if Regal Nails were to be listed on the stock exchange, its stock would be one of the hottest stocks because of its impressive revenue numbers as well as the safety factor because it is not have debt.

Sharing the secret of success, Charlie said: "My success is made up of 3 factors. First, it is customer satisfaction, which is reflected in every smallest detail: heat. face towels, organic and environmentally friendly chemicals are being researched.... Second, is a young staff, surrounded by qualified, professional assistants, always know how to satisfy the most demanding customers. And finally, preserve the brand. If you want to be successful in business, you should never let yourself and your company lose brand reputation."

Charlie Ton Quy said the nail industry in the US reached about 6 billion dollars last year and about 1.5 billion dollars in Europe and Australia. In the next 10 years, he wants to hold 20% of the market. Charlie Ton Quy shared that he had encountered many failures in the past, the difficulties and struggles when coming to the US with nothing, the pressures of integrating into the community and helping relatives. Only his great efforts and passion for learning and progress have helped him find the way to success by sticking and developing with the nail industry, becoming the pride of the Vietnamese community. , contribute efforts and create jobs for thousands of compatriots in the US.

Recently, due to the influence of the Covid-19 epidemic, Charlie Ton Quy's business has been greatly affected. Mr. Quy said that Regal Nails' biggest problem is the lack of workers to maintain operations, when workers stay at home to avoid the epidemic and enjoy the support package of the state and federal government. From the end of March 2020, US President Trump signed into law a $2.2 trillion economic relief package to support American businesses and workers facing difficulties because of Covid-19. Unemployment benefits for an employee are about 600 USD per week for 4 months.

"The number of customers is very large, but there are not enough workers, so we have to accept losing customers," Mr. Quy said. In addition to trying to overcome the shortage of workers, the owner of Regal Nails is considering a plan to reduce the rent for salons that want to reopen. In April and May, Mr. Quy reduced the rent by 75% or let the managers of the deferred stores to help maintain the system.

It is known that Charlie Ton Quy is living a happy life with his wife and two daughters. His mother is 70 years old, so she only lives in Vietnam. Visiting grandchildren from time to time. His father passed away a few years ago. Through the vlogs of Vuong Pham, the billionaire's life is partly revealed. Charlie Ton Quy lives in a smarthome controlled by phone in downtown. The house also has a large balcony filled with Vietnamese herbs and spices. In addition, he also has his own fishing boat, with a price of 1 million dollars (nearly 23 billion) fully equipped to be able to eat, sleep, rest and stay.

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