Chip and Joanna Gaines: A Power Couple in Real Estate and an Astonishing Net Worth
Real estate power couple Chip and Joanna Gaines have been in the spotlight ever since they first starred in the HGTV show Fixer Upper. With their joint venture Magnolia, their announced show on the Discovery Channel, and their books, designing, and various other design products, their combined net worth is nothing short of astounding. Here’s a closer look at the success of this couple and the remarkable total of their net worth.
Chip and Joanna Gaines: A Little Background
Chip and Joanna Gaines met in 2001 when Chip was working at his father’s shop. From the start, it wasn’t exactly a love at first sight situation. At the time, Joanna was dating someone else and Chip was doing his best to get her attention, even asking her out to dinner. Eventually, she agreed and the two started going out. The couple soon resolved that Chip would become her handyman and it was the launch of their journey as a business duo.
What Started the Chip and Joanna Gaines Phenomenon
In 2010, Chip and Joanna Gaines began their own business – Magnolia Homes, a remodeling and real estate group. The duo began to gain traction when they accepted a challenge to revive an old dilapidated house in Waco, Texas, as part of HGTV’s 2013 show Fixer Upper.
The combination of Chip’s expertise in buying and remodeling homes, and Joanna’s eye for design, appealed to the viewers and hence resonated with them as a better life, as well as skills that could be applied to any home. Consequently, the duo gained immense popularity from the show.
The Power of Flip and Fix
The couple’s success is largely attributed to the Flip and Fix phenomenon. Essentially, they would buy, remodel, and then resell houses. According to the pair, their $5,000 to $60,000 investments in almost all homes, with the usual being $25,000 to $35,000, has seen them make a return of up to 57%.
Other Endeavors of the Powerhouse Couple
Following a resurgence in their fame, Chip and Joanna Gaines have undertaken a number of other business ventures. Some of their most successful projects include:
• The Magnolia Table – A book penned by Joanna which explores how the pair create an effortless family style
• The Magnolia Journal – A magazine highlighting important elements of their style, lifestyle, and home.
• Magnolia Network – A joint venture with Discovery
• Target Home Collection – An exclusive deal with Target to sell homeware.
• Waco Tours – A series of guided tours to visit over 20 of the homes featured in Fixer Upper
Chip and Joanna Gaines: An Astonishing Net Worth
The hard work and passion of this real estate power couple have earned the pair an astonishing net worth. According to Business Insider, their current net worth is estimated to be approximately $30 million. Although this is mainly derived from the sale of their homes featured in the show Fixer Upper, they also have their cards and books sales, as well as the other projects outlined above, adding to their already extraordinary wealth.
Chip and Joanna’s incredible wealth is a testament to their vast knowledge and talent regarding real estate. Joanna’s eye for appealing designs, combined with Chip’s immense expertise in buying, restoring, and reselling homes, has earned them a whopping net worth of $30 million. With their continued success, it’s likely that this number will keep climbing up.