Everybody knows about Chip Gaines, the husband of Joanna Gaines. Both of them are famous personalities known for the TV show Fixer Upper. The reality show which was on the verge of ending after the end of season five has been now officially canceled.
So, what are the couple up to now? The topic below gives insight into the net worth and incomes of husband Chip Gaines and also about their career so far.
Chip Gaines Net worth: $9 million
As of 2018, Chip Gaines is estimated to have a net worth of $9 million. Most of his money has come from the HGTV reality television series Fixer Upper.
Chip Gaines Income In Terms of Salary
Chip Gaines and Joannas Gaines own the Magnolia House and the Hill Crest Estate, where they charge $600 for luxury rentals per night.
Chip and Joanna's journal, Magnolia Journal is also quite a hit and has over 700,000 subscribers and charges $20 for a year. They also sell their own brand of premium interior paints which costs around $46 for a gallon.
It was also reported that they received $30,000 for every episode of Fixer Upper. Well, the income definately reflects on his net worth.
Chip Gaines Income
Chip Gaines started his career with his wife Joanna Gaines whom he had met at the Baylor University. Back then, he invested money in properties around the Baylor Area and had established his own private company named "Trinity Properties".
In the company, he and Joanna Gaines were responsible for constructing and redesigning houses of their clients the way they demanded.
Likewise, he also served as the co-owner of his wife's another company Magnolia Homes which was established in 2003.
Magnolia Homes is a store that specializes in providing home accessories, and also provides services in constructing, designing and redesigning.
They are also the proud owners of Magnolia Realty, a real estate agency that sells homes around the Dallas, Fort Worth, Waco, Houston, and San Antonio.
The couple started Silos Baking Co, a boutique store that sells Food Truck-cuisine and home decor in 2016. Its services can also be found online. In the same year, the duo also opened Magnolia Table, a brunch serving restaurant.
The reality TV show Fixer upper can be claimed to be a major source for the host. The show that was produced by Scott Feeley and Jim Berger has helped the Gaines family hugely to amass the net worth that they own at present.
In the show, Chip Gaines and his wife Jonna Gaines dealt with clients on buying and renovating houses. By the end of the fifth season, the couple had worked on over 100 houses.
Chip and his wife Joanna start by showing a couple three houses that are put on sale in Texas. After the client chooses their house Joanna re-designs the house and Chip starts work as the lead contractor.
Their show started on May 23, 2013, and ended on April 3, 2018, and aired a total of 79 episodes. Though the show has officially been shut down, Chris has hinted that Fixer Upper might see a return.
The Magnolia Story
Chip Gaines book The Magnolia Story was also a huge success; it was released in October 2016. The book was titled the bestselling book in the country, and sold over 121,000 copies in its first week, in a review by Publisher's Weekly.
Chip Gaines was accused of being a fraud in a lawsuit filed by his former business partners. The partners sued a lawsuit of $ 1 million and accused that Gaines had persuaded them to sell their interests in Magnolia Realty to him at a price of $2,500 each without notifying them that it was being bought for the works on Fixer Upper.
Chip's attorney told KWTX-TV, the CBS television station that such claims are quite pointless and has only surfaced after seeing their success.