Chances room you think that Chip and Joanna Gaines as soon as friend hear the city Waco, Texas. The "Fixer Upper" stars have nearly transformed the city right into a warm shiplapped location for locals and tourists alike. That is the residence of their mega business, Magnolia, through its numerous different divisions, and also the location where young Chip and Joanna came to be public numbers as the hosts and also design experts of their highly rated HGTV show. And, together if their work in actual estate, retail, publishing, and also media was not sufficient to to fill their piled-high plates, they likewise have five young kids to raise and an expansive farm to often tend to (via organization Insider).
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So just how do they carry out it all? What"s next? and also how lot money carry out they make from all these impressive endeavors? We"re breaking it every down. Check out on to uncover out just how much Chip and Joanna Gaines space really worth.
Celebrity and also fortune didn"t just happen for Chip and also Joanna Gaines. Prior to Chip and also Joanna Gaines uncovered fame, they operated hard to attain goals and never rest on your laurels, as they were constantly reaching for the next huge thing.
As reported by organization Insider, in their publication "The Magnolia Story," Joanna recalled very early eye-opening event when she had actually to empty the end their tiny sleeve store"s cash register to bail Chip out of jail for accruing $2,500 in unpaid tickets. She defined being "on the leaf of a genuine financial struggle," and also vowed to never ever be placed in that place again. This incident became a learning moment. "I think for me, the finest lesson is always having a nest egg on the side," she told service Insider.
Still, Chip and Joanna have always accepted the some level of hazard is natural in the search of lasting success. "Even as money began presenting chin to us, us weren"t content v that. ... Had actually we not done that and also taken all those chips turn off the table and also put it right into a savings account somewhere, tucked ours head in the sand choose an ostrich — there"s no method we construct what us built," Chip told Money.
Before "Fixer Upper" and its ripple impact of fame and also opportunity, Chip and also Joanna Gaines introduced a small real estate agency in Texas. According to an Instagram post, the pair started Magnolia Realty in 2009, through the score of "changing the genuine estate experience, and also making the personalized for their clients." The real estate company, which specialization in helping clients buy and sell farm and ranch properties, has offices in Waco, Austin, mountain Antonio, and also other locations of the state, according to Country Living.
While Magnolia Realty has seen good success and growth throughout the years, there have been durations of inner turmoil. In 2017, Chip was the subject of a $1 million lawsuit. Follow to USA Today, his former organization partners sued him, alleging that they were duped into selling their shares the the firm to him for $2,500 each in 2013. They asserted that the transaction happened just a couple of days prior to Chip and Joanna went public through the upcoming production of "Fixer Upper" and the they had no understanding of the television series when they agreed to it is in bought out. It was a lengthy battle, but, according to Waco Tribune-Herald, the lawsuit was dismissed through a referee in 2020.
Chip and also Joanna Gaines found their way to our televisions and also won end hearts on your hit HGTV collection "Fixer Upper." The show chronicled them help families uncover diamond-in-the-rough properties and turn them right into dream homes. It quickly came to be the network"s most popular program and was top top for 5 seasons from 2013 to 2018. Follow to Money, the Gaines couple reportedly made around $30,000 every episode. And while they could have kept churning out charming abodes because that adoring at-home fans lengthy after the final episode aired, they chose to shift their focus ago to their various other budding businesses.
Nevertheless, their small screen careers were far from over. In 2018, the power couple announced the they would certainly be launching their own television network, and they released Magnolia Network in 2021. The channel changed Discovery"s DIY network and also boasts way of living programming through a emphasis on wellness, entrepreneurialism, and also food, among other topics. In a statement, cited by People, Chip and Joanna stated that they to be excited "to create and also curate contents that inspires, encourages, and also helps to construct bridges throughout our communities," adding, "We want honest, yes, really programming that brings family members together."
Chip and also Joanna Gaines' Waco marketplace is an ext than a shopping location ... It's one experience
According come the Magnolia website, in 2003, Chip and Joanna Gaines launched Magnolia Market, a small retail store where they sold unique home items. They later chose to nearby the location to focus on their adorable family. Tiny did they recognize that this little original an are would become the stepping stone of an iconic retail experience.
In 2014, they reopened their "Little keep on Bosque," and, shortly thereafter, moved to their Magnolia Silos location. Because then, lock have gradually been expanding their veritable retail town of shops, restaurants, food trucks, wade gardens, and also more.
In 2019, the couple announced a arrangement to additional renovate and also expand the Silos space, to "offer a ar that encourages human being to see and create beauty in their everyday lives," as noted on the company"s site. Follow to the Waco Tribune-Herald, the project cost $10.4 million and created eight brand-new building additions to the sprawling 4.9 acre property, including a relocated church. The project likewise include a Wiffle ball ar — together Magnolia market is not just a place to spend money, however it"s likewise a location for the 30,000 weekly visitors where they deserve to unwind. The Magnolia Market development opened in the loss of 2020 (via People).
According come Target"s site, Chip and Joanna Gaines introduced Hearth & Hand through Magnolia, a home and also lifestyle collection, in 2017. With its "modern farmhouse aesthetic," the line has expanded with alternatives varying from decor and bedding to bath essentials and furniture pieces, every Elle Decor. "For us, this repertoire
Originally, items ranged in price native $0.99 to $129.99, through a majority of items costing about $29.99, as listed by Business Wire. When price arrays may adjust with brand-new offerings, the repertoire still provides customers Magnolia-worthy format for a fraction of the cost. And, as detailed by Forbes, house items accounted for roughly 19 percent the Target"s $72 billion sales in 2017 alone. While over there are various brands contributing come this number, Hearth & Hand through Magnolia is just one of the football player responsible.
And yes, Chip is proud the their job-related with Target. Top top Instagram in 2017, he common a picture of himself camped out in prior of the save waiting for the launch.
Is there anything Chip and also Joanna Gaines can"t do? The architecture duo and real estate moguls are additionally both best-selling authors. In addition to she acclaimed book about decorating, "Homebody," Joanna Gaines likewise penned 2 cookbooks and the children"s books "We space the Gardeners," a collaboration v her young children, and also "The civilization Needs who You to be Made to Be."
Chip additionally wrote a book around his career together a "serial entrepreneur" in the 2017 book "Capital Gaines." He told Forbes that it"s meant for those "who require a small push to get the round rolling towards pursuing everything it is they dream of act — folks who space looking to occupational hard and also chase their desires without letting fear creep into the equation."
Of course, Chip"s book launch was on the heels of offering 1.3 million duplicates of "The Magnolia Story," a publication he co-wrote through his mam that was released a year prior. A share account of their journey in life, love, and also business, Joanna stated on the Magnolia website, "Getting come tell this story together was prefer uncovering and reliving half-a-lifetime"s precious of happy memories, failures, and adventures."
In 2021, Chip released an additional book, "No Pain, No Gaines: The great Stuff Doesn"t Come Easy."
Chip and also Joanna Gaines' next hustles are big moneymakers
Chip and Joanna Gaines absolutely do not require any much more projects to fill their time or stuff your wallets. Nevertheless, the prolific pair keeps on acquisition on more side businesses. Joanna Gaines partnered with the brand Kilz to launch she own home paint collection, together reported by much better Homes & Garden. In a blog post, Gaines wrote of the collection, "These shades space the ones ns would select for any kind of house, any kind of day. They"re fresh, inspiring, subtle, soft, versatile and an excellent in any kind of room."
Additionally, according to company Insider, in 2016, she collaborated through family-friendly fashion firm Matilda Jane clothing for the first time. Two years later, she partnered v the brand again come launch summer styles for babies, kids, and women — plus a couple of home items. She stated of her second collection in a push release, quote by the publication, "The totality inspiration because that this brand-new collection was summer below out top top the farm. The lengthy days, the hazy sunsets, youngsters running about just being kids."
Getting right into the restaurant organization can be a risky pursuit — also for celebrities. Yet Chip and also Joanna Gaines" passion for good food and also service has actually helped to do their cooking endeavors significant successes.
Chip and Joanna Gaines have actually three restaurants in Waco, Texas: The Silos Baking Company, which opened in 2016; Magnolia Table, which launched in 2018; and also the Magnolia push Coffee Company, which opened its doors to the caffeine-crazed windy in 2019.
Judging through the wait for a seat at Magnolia Table, the couple"s an ext traditional sit-down restaurant, Chip and Joanna are doing something right. Follow to a travel reporter"s review in The Washington Post, diners should arrangement to arrive early on to snag a coveted table. The wait for lunch can be 2 to three hrs long — and dinner is off the table; the restaurant closes for the day in ~ 3 p.m. Sharp.
You know you have made it big when one A-list pair hires you for your signature style.
During an figure on "The Ellen DeGeneres Show," superstar singer Jennifer Lopez announced that she and also her then-beau Alex Rodriguez rental Joanna Gaines to help decorate their brand-new $6.6 million Malibu coast home, i m sorry boasts four bedrooms and also three bathrooms. Or, more accurately, Rodriguez hired the HGTV star together an anniversary surprised for Lopez. Lopez"s response? "I totally fangirled," she recalled.
As reported by architecture Digest, the 4,404-square-foot house "was originally constructed in 1949 and was previously owned by "Entourage" gibbs Jeremy Piven," who had spent $1.5 million in renovations and included lots the "Southeast asian touches come the otherwise mostly clean, white-lined aesthetics." Lopez detailed that she and Rodriguez have various aesthetics, so who knows how Gaines determined the house"s brand-new design. One point we predict — shiplap.
Chip and Joanna Gaines announced another vast project and impressive undertaking: their arrangement to renovate a building that is almost 100 years old, and also turn it right into a trendy boutique hotel in downtown Waco, together reported by home Beautiful. While details have yet to it is in revealed, as of this writing, Chip and also Joanna have shared a couple of initial ideas, noting they desire to encompass a rooftop terrace, ballroom, and street-level café in the 53,000-square-foot space.
In a article on the Magnolia blog, Joanna wrote around their vision. "Home is a feeling, created by and also for the world you love and share your life with; it"s a state of gift known and loved simply as friend are," she said. Adding, "That is our dream for this hotel," she explained that the hotel would certainly be one "extension" of your home and also that they want each guest to feel a "sense that belonging and also community" upon check in.
Chip and Joanna Gaines' Magnolia newspaper was Meredith Corp.'s most successful newspaper launch
Everything Chip and Joanna Gaines touch transforms to gold, so it"s no surprised that, follow to The wall surface Street Journal, the 2016 production of Magnolia journal was the "most effective magazine launch" because that parent firm Meredith Corp. Within 2 years that its inception, the newspaper had currently captured a specialized audience the 5.5 million readers, follow to Publishers Daily.
Indeed, flipping with the quarterly way of life magazine is akin to peeking within Joanna"s motivation diary — and that, the course, is the means it"s intended come be. "My score in creating this magazine to be to affix with reader from all walks that life, come share contents so beneficial and so coherent that you hold on to each issue and also return come them again and again," Joanna stated on the Magnolia website.
But there"s more to this success story than smart an innovative direction. Joanna had strong business ideas too. According to Inc., in ~ a time when any kind of other magazines were going the end of business, she to be insistent about limiting ads, to press on premium paper, and also charging $8 because that an issue. Doug Olson, chairman of Meredith Magazines, gives credit come Joanna, telling Inc. The "she"s more hands-on than any kind of partner" castle have ever before had. Clearly, there"s a lot of things about Joanna Gaines most don"t know.
Chip and also Joanna Gaines, 2 HGTV stars who live insanely lavish lives, are virtually American royalty, so that is many fitting that the couple purchased an really castle.
According come the Waco Tribune-Herald, the design-happy duo to buy the 6,700-square-foot, 129-year-old German-style Cottonland lock from an Oxford college scholar. That was noted for $425,000 — and, yes, the Waco home requires some significant TLC, but isn"t the the way Chip and also Joanna like it?
While Chip and Joanna"s intention for the castle is not yet known, a spokesperson for Magnolia Realty evidenced the couple"s excitement around restoring it in a statement cited by 13 WTHR. "The residential property is one iconic item of Waco"s history, and while specific plans have not however been determined, one thing is because that certain: Their initiatives will emphasis on completely completing the home"s lengthy overdue and also well-deserved restoration," the spokesperson shared. Us can"t wait come see exactly how Chip and Joanna do over the property!
Chip and Joanna Gaines continue to be grateful and humble, and also their plot speak louder 보다 words. They developed the Magnolia foundation to give back to their community and also to assist those much less fortunate. According to a since-deleted web page on their charity"s website, your goal is come "provide restoration to the most vulnerable children and also families," with details efforts focused on "orphan care, youth development, family housing, and also community restoration."
What"s more, in 2019, the couple donated $1.5 million to St. Jude"s Children"s Hospital. They also built a playhouse because that the youngsters of family members forced to remain at the St. Jude Target House, a long-term housing option for families of kids receiving treatment. According to People, at an occasion marking the donation and also unveiling the playhouse, Chip stated, "As us walked in today, a small boy told us that he"s "demo day-ing" his cancer treatment and also that"s pretty lot the best thing I"ve ever heard. In our world, demo job marks the end of one chapter and the beginning of a newer, much more exciting one." he continued, "And that"s precisely what we want for friend — we"re pulling because that each and also every among you."
Fans were disappointed once Chip and also Joanna Gaines make the decision to end "Fixer Upper" earlier in 2018, but the couple brought the beloved home renovation show back when they released the Magnolia Network in 2021. The new incarnation of the series, "Fixer Upper: Welcome Home," was no originally part of their vision for the network, yet the pair eventually chose it was important to reboot the series to carry things full circle. "We felt like even if it"s just this one season, we need a nod ago to the past, getting ago to ours roots and do what us love doing, i m sorry is top top camera, renovating homes for people," Joanna said Adweek (via Showbiz CheatSheet).
The network"s launch likewise saw Joanna branch out to star ~ above her own show, "Magnolia Table." every The Hollywood Reporter, we can expect at least three seasons of the cooking show to air together it has actually been renewed v Season 3.
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Seeing Chip and Joanna return to television is a treat because that fans and is no doubt great for their bank accounts!
Chip and also Joanna Gaines room constantly making brand-new deals, and also they clearly know what they are doing. Throughout the years — especially because wrapping up "Fixer Upper" — they have built themselves a veritable realm with media, publishing, genuine estate, and retail service sectors that"s worth, follow to one report from OK! magazine, end $1 billion. So it have to come as no big surprise the they have amassed a rather an extensive fortune of their own. Follow to Celebrity net Worth, the two space worth a linked $20 million.
And with even more projects and budding enterprise in the works, we room sure the number is going to grow significantly year ~ year. In fact, in 2017, your reported fortune, follow to E! News, was simply $5 million. So if things store trending the means they have actually been because that this businessman pair, they will certainly surely proceed taking end Texas, winning fans, and making money one Magnolia farmhouse-inspired company at a time.