Chip and Joanna Gaines are a married couple and reality television stars who appear in HGTV’s Fixer Upper. They started out by turning their home improvement business into an empire and eventually entering the television industry. The real estate couple have a combined net worth of $20 million in 2022.
Chip was born in Albuquerque, New Mexico, on November 14, 1974. Joanna was born about four years later, on April 19, 1978. She was raised in Wichita, Kansas.
Despite the fact that they both went to Baylor University, they never interacted as students. The pair met for the first time in the mechanic shop of Joanna’s father a few years after they graduated.
The two got to know each while staying in the shop’s waiting area, and they started dating immediately. Chip and Joanna got married in May 2003 in Waco, Texas.
Following their marriage, the newlyweds agreed to launch their career in flipping houses to make money. They founded their real estate and home improvement firm, Magnolia Homes.
When the housing crash happened in 2008, the couple suffered for years, but they bounced back effectively. They were so successful at the first endeavor that they decided to extend their business by founding Magnolia Market, a retail outlet.
Their Magnolia brand ultimately became an empire. With it, they developed Magnolia Realty, Magnolia Network, Magnolia Table, and more. They don’t own Magnolia Bakery, but they were the ones who launched the Silos Baking Company in 2016.
Chip and Joanna received the opportunity to star in Fixer Upper on HGTV after building a reputation in Waco as successful property flippers. They showcased their expertise on the reality TV program, and it was an instant hit.
This helped the Gaines couple to further expand their business ventures. They wrote the bestselling book, The Magnolia Story, and introduced the Magnolia Journal. Fixer Upper was canceled after five seasons in 2017, only to be revived in 2021.
Fixer Upper: Welcome Home premiered on the Magnolia Network. Chip and Joanna brought back familiar faces like the fan-favorite Saul “Shorty” Sanchez. The original producer, Michael Matsumoto, also continues to do business with the couple.
Net Worth and Earnings
On their HGTV show, Chip and Joanna reportedly earned an average of $30,000 per house remodel. This doesn’t include the fee they get from the network itself. Their Magnolia brand is also a considerable income source that adds to their overall wealth.
The business duo has 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. This is why Chip and Joanna Gaines have a combined net worth of $20 million.
Like their entrepreneurial ventures, Chip and Joanna’s marriage is going strong. They are parents to five children: Drake, Ella Rose, Duke, Emmie Kay, and Crew. Despite having high-profile parents, the Gaines kids have remained out of the spotlight for many years.