Chip and Joanna Gaines’ Net Worth

“Fixer Upper” stars Chip and Joanna Gaines announced that the fifth season of the HGTV series will be their last. While the decision was hard for the couple, they have been small business owners for years and have been able to create quite the nest egg for themselves. So, what is Chip and Joanna Gaines’ net worth and how will leaving HGTV impact their wealth?

Chip and Joanna Gaines’ Net Worth

Chip and Joanna Gaines are worth about $5 million. However, the bulk of their current wealth has not come from their time on HGTV. The Gaineses have actually gained most of their millions through their various small business ventures.

Of course, the couple was paid about $30K per episode of “Fixer Upper” but the majority of their cash has been earned through their “Magnolia” trademark. Chip and Joanna own three boutiques, Magnolia Silos, in the Waco, Texas area (where they live). They also own Magnolia Homes, their renovation company, and Magnolia Realty, their very own real estate agency.

Their dealings in real estate and renovations are what gained them recognition with HGTV. Like many other home-and-garden stars, the couple worked together to both destroy and redesign homes in their area. To the Gaineses, they were performing important work by trying to make Waco beautiful “one house at a time.”

In addition to their work in real estate, Chip and Joanna also produce a quarterly real estate magazine called “Magnolia Journal.” The magazine, which has around 700,000 subscribers, costs $20 per year. The couple also has a vacation rental that provides a fair amount of cash flow as well. The Waco rental isn’t rented for any less than $695 per night and is booked through the end of 2017. So, it’s safe to say they’ve secured multiple streams of income for themselves. So, how will leave HGTV impact Chip and Joanna Gaines’ net worth?

Leaving HGTV But Continuing Work

Chip and Joanna announced early Tuesday morning that they’d be leaving HGTV’s “Fixer Upper.” The Gaines’ announcement came shortly after HGTV revealed “Flip or Flop” would no longer be airing on the network. In its place, there will be five “Flip or Flop” spinoffs.

Many have speculated the reason behind the couple parting from the network saying that controversy late last year may have prompted the pair into thinking twice about continuing life in the spotlight. The couple was called out in a Buzzfeed article for attending a church with a well-known anti-LGBT pastor. The article then went on to accuse the Gaineses of being anti-LGBT themselves. Chip wrote a blog post that is thought to have addressed the issue in early 2017. However, the couple didn’t mention this in their farewell message:

Despite being paid $30K an episode, the Gaineses won’t hurt too much after leaving HGTV. After all, the majority of their cash has been earned through their personal businesses anyway. Although they are leaving the network, they will continue work on their Magnolia empire, both maintaining and expanding their business where necessary. Not to mention, the couple will still be renovating and designing homes in the Waco area (so that Joanna Gaines style won’t be lost for good either).

It doesn’t seem like leaving the show will impact their finances too much though. Obviously, they will be losing some cash but they’ve got plenty of room to make it up through their other ventures.

What do you think about Chip and Joanna Gaines’ net worth? 

Photo: People

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Amanda Blankenship

Amanda Blankenship is the Director of Social Media for District Media. In addition to her duties handling everything social media, she frequently writes for a handful of blogs and loves to share her own personal finance story with others. When she isn’t typing away at her desk, she enjoys spending time with her daughter, husband, and dog. During her free time, you’re likely to find her with her nose in a book, hiking, or playing RPG video games.