Chip and Joanna Gaines are a married couple and reality TV stars who appear on HGTV’s Fixer Upper. They started by turning their home improvement business into an empire and eventually entered the television industry. The real estate couple have a combined net worth of $20 million as of 2022.
Chip was born in Albuquerque, New Mexico on November 14, 1974. Joanna was born about four years later on April 19, 1978. She grew up in Wichita, Kansas.
Despite the fact that they both went to Baylor University, they never interacted as students. The couple first met in Joanna’s father’s mechanic shop a few years after they graduated.
The two got to know each other while hanging out in the store’s waiting room and they immediately started dating. Chip and Joanna were married in May 2003 in Waco, Texas.
Following their marriage, the newlyweds agreed to launch their careers in flipping houses to earn money. They founded their real estate and home improvement business, Magnolia Homes.
When the real estate crash happened in 2008, the couple suffered for years, but they bounced back effectively. They were so successful in their first attempt that they decided to expand their business by founding Magnolia Market, a retail outlet.
Their Magnolia brand eventually became an empire. With him, they developed Magnolia Realty, Magnolia Network, Magnolia Table, and more. They don’t own Magnolia Bakery, but they were the ones who started the Silos Baking Company in 2016.
Chip and Joanna got the opportunity to star in Fixer Upper on HGTV after building a reputation in Waco as successful real estate pinballs. They showcased their expertise in the reality show, and it was an instant hit.
This helped the Gaines couple further develop their business ventures. They wrote the bestselling book, The Magnolia Story, and presented the Magnolia Journal. Fixer Upper was canceled after five seasons in 2017, to be revived in 2021.
Fixer Upper: Welcome Home was created on the Magnolia Network. Chip and Joanna brought back familiar faces like fan favorite Saul “Shorty” Sanchez. Original producer Michael Matsumoto also continues to do business with the pair.
Net worth and earnings
On their HGTV show, Chip and Joanna reportedly earned an average of $30,000 per home renovation. This does not include the fees they receive from the network itself. Their Magnolia brand is also a huge source of income that adds to their overall wealth.
The business duo own a slew of retail, restaurant and media businesses in Texas. They made book deals and product lines. They also decided to turn Magnolia Market into an online store. That’s why Chip and Joanna Gaines have a combined net worth of $20 million.
Like their entrepreneurial ventures, Chip and Joanna marriage go strong. They are parents of five children: Drake, Ella Rose, Duke, Emmie Kay and Crew. Despite having high-profile parents, the Gaines kids stayed out of the spotlight for many years.