Joanna and Chip Net Worth: $20 Million
What is Joanna and Chip’s net worth?
Chip and Joanna have an estimated net worth of $10 million each. As such, they have a combined net worth of $20 million.
Summary
- Net worth: $20 Million
- Full Name: Chip Gaines and Joanna Gaines
- Date of birth: Chip Gaines (14 November, 1974, 47 years), Joanna Gaines (19 April, 1978, 43 years)
- Gender: Male (Chip), Female (Joanna)
- Birth Place: Albuquerque, New Mexico (Chip), Waco, Texas (Joanna)
- Height: Chip (1.78m), Joanna(1.70m)
- Profession: Television presenters, authors, actor
- Nationality: United States of America
What is Joanna and Chip’s net worth?
Chip and Joanna have an estimated net worth of $10 million each. As such, they have a combined net worth of $20 million.
Their income comes from several revenue streams including Fixer Upper, Magnolia Homes, Magnolia Realty, Magnolia Network, Hearth and Hand for Target, a restaurant business, among other businesses in their native Texas.
KEY FACTS
- Made $30,000 per episode
- Made $510,000 in a single season
- Renovated their own house
- Are both bestselling authors
Joanna and Chip Gaines Most Asked Questions
Are Joanna and Chip Gaines still married?
Joanna and Chip Gaines celebrated their 18 years of marriage in June 2021. They first met in 2001 and got married in 2003.
Where do Joanna and Chip live?
Chip and Joanna Gaines live in Crawford, Texas. This is on the outskirts of Waco. Their farmhouse estate is situated on 40 acres.
Was Chip married before Joanna?
Joanna is Chip’s first and only wife. He wasn’t interested in getting married until he met Joanna.
How much do Joanna and Chip make per episode?
Joanna and Chip reportedly made $30,000 per episode of Fixer Upper. This excluded the fees they got from the families whose homes they renovated.
What are Joanna and Chip Gaines children’s names?
Joanna and Chip have five children. They are Drake, 16, Ella, 14, Duke, 12, Emmie, 11, and Crew, 3
How much is Chip Gaines net worth?
Chip Gaines has a net worth of $10 million.
Early Life
Chip Carter Gaines was born in Albuquerque, New Mexico on November 14, 1974 and is currently 47 years old. He was raised in Dallas, Texas. Gaines graduated from Baylor University’s Hankamer School of Business with a Marketing degree.
Chip is married to Joanna Gaines. Joanna was born in Kansas and was raised in Texas. She was born to a Korean mother and a half German and half Lebanese father. Joanna graduated from Baylor University with a degree in Communications.
Career
Chip and Joanna had similar interests in construction and design. They worked together locally on home makeovers in their hometown of Waco, Texas. Together, they started their show, Fixer Upper, which was launched in 2013. The home improvement gurus left their show in 2017, citing that they wanted to focus on their young family, marriage, and other endeavors.
The couple has since launched their Magnolia channel and announced more ventures. Their Magnolia Homes design and construction business has grown and now includes a restaurant, their Magnolia Market shops, a realty company, books, luxury property rentals, a magazine, and a successful product line with Target.
Fixer Upper
Chip and Joanna caught the world’s attention when they first appeared on HGTV’s Fixer Upper. Their witty banter and charming personalities won the hearts of their audience. Watching them renovate homes and dilapidated property into beautiful homes moved millions of people and they were able to run with this opportunity to achieve even greater success.
The couple reportedly earned $30,000 each per episode, excluding the fees they received from the families whose homes they renovated. As such, it is estimated that the couple could take home at least $510,000 in a single season.
The reality TV show enabled Chip and Joanna to build names for themselves and for their Magnolia brand. An example of how the show built their name recognition and brand was when they renovated their restaurant, Magnolia Table, on the show, and it became a popular restaurant.
The Magnolia Empire
Chip and Joanna had been running and operating Magnolia Homes and Market in Waco, Texas, since the show began. During the show, they added to their net worth by expanding the Magnolia brand to include several new business ventures such as Magnolia Seed and Supply.
The Magnolia Market includes a bakery, food trucks, a garden and garden shop, in Waco, Texas. The Market is also available to shop online.
In addition to their original businesses and the restaurant, the Magnolia brand also includes the Magnolia Journal, a quarterly lifestyle magazine, Magnolia Realty, a real estate agency, and three luxury rental properties.
Chip and Joanna Target Line
The megastore collaborated with the Gaineses to create the Hearth and Hand With Magnolia collection. The collaboration was launched in 2017 with a 300-piece collection. It is a home and home office decor collection, with most of the items priced under $30.
Hearth and Hand With Magnolia Collection
Chip and Joanna Gaines Books
The couple has also written books. Chip released his autobiography: Capital Gaines: Smart Things I Learned Doing Stupid Stuff, in 2017. The book is now a New York Times #1 best seller.
Joanna released the “Magnolia Table” cookbook in 2018. The book features classic, homestyle recipes. It sold more than 169,000 copies in its first week of sale. Magnolia Table, Volume 2: A Collection of Recipes for Gathering, was released in 2020. Joanna also has a design book: Homebody, released in 2018. She has also published two children’s books: The World Needs Who You Were Made to Be, and We Are the Gardeners.
Personal Life
Chip and Joanna met when they were both working and living in Waco, Texas. The couple got married in 2003. They have five children together; Drake, Ella, Duke, Emmie Kay, and Crew.
Over the years, there have been several Chip and Joanna divorce rumours circulating in the media. The couple, however, has publicly declared that none of the claims are true. They insist that divorce isn’t an option for them despite having a “not perfect” marriage.
Earning Highlights
Chip and Joanna Gaines reportedly made an average of $30,000 per episode on Fixer Upper. They were also paid an undisclosed fee from HGTV. It is estimated that Chip and Joanna made at least $2.37 million from 79 episodes in Fixer Upper’s first five seasons. These earnings were just from televised renovations alone.
Real Estate
As you would expect, Chip and Joanna live in a fixer-upper house themselves. The couple owns a home in Waco, Texas. The house was originally built in 1895. The couple has since converted the house into a home that is big enough for their five children.
Their house is situated on a 40 acre farm and is nicknamed ‘The Farmhouse.’ The name is fitting since the house includes aged barn wood furniture as well as plenty of repurposed items such as a kitchen island that was once a communal table. Apart from their beautiful home, the couple also owns the Magnolia Market where lifestyle goods are sold.
The couple has also converted three Magnolia properties into vacation rentals. One of the houses, the Carriage House, was featured on one of the Fixer Upper episodes in Season 3. The house can accommodate up to six people and costs $545 per night on weekdays and $695 per night on weekends. If you book the house for the whole weekend, the Sunday night rate is $347.50.
The second house, the Hillcrest Estate, can accommodate up to 12 people and costs $1020 per night.
The Magnolia house, which features a distinct Joanna design style, can comfortably house up to eight guests. The nightly rate for the Magnolia house is $795 for weeknights and $995 per night on weekends. If you book the house for a full weekend stay, the Sunday night rate is $497.50.
Summary
At the time of their hiatus from Fixer Upper and reality TV, Chip and Joanna were said to be worth an estimated $10 million each. This gave the couple a combined net worth of $20 million. Their empire has since grown and has the potential to be worth much more in future.
The combination of their show, the Magnolia brand, book deals, properties, storefronts, among many other exciting entrepreneurial endeavors is expected to bring them much more money.
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