What is Joanna and Chip Gaines' net worth? How 'Fixer Upper' couple won a $1M lawsuit
Most couples who live together and work together would need a fixer-upper in their marriage for sure, but not Joanna and Chip Gaines, who are best known for the home design and renovation series, 'Fixer Upper'. The couple is the co-owner of the Magnolia brand and is in the process of getting ready to introduce fans to the highly-anticipated Discovery+ platform Magnolia Network, premiering on July 15 on which 'Fixer Upper' will be getting a reboot. They certainly seem to have hit the jackpot not just professionally but also when it comes to finding love. The couple just celebrated their 18th anniversary.
The Gaines are certainly rich in love, but what gains have they made on the financial front? Let's take a look at their net worth. If you enjoy shows like 'Fixer Upper', you may also enjoy other home improvement shows such as 'Flipping Across America', 'Dream Home Makeover' and 'Property Brothers'.
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What is the net worth of Joanna and Chip Gaines?
Joanna and Chip Gaines are reportedly worth $10M each, which gives them a combined wealth of $20M, according to Celebrity Net Worth. Most of their wealth comes from the success of their show 'Fixer Upper' considering they reportedly made about $30,000 per episode. However, the Gaines have had some losses too with a $1M lawsuit filed against them in 2017. There were also allegations of racism and the couple was accused of being anti-LGBTQ. The lawsuit was filed in 2017 by the Magnolia Real Estate Company against 'Fixer Upper', claiming that the Gaines bought out their partners John L Lewis and Richard L Clark without telling them about the HGTV deal for the show. However, it was dismissed in 2020. Speaking about the allegations of racism and being anti-LGBTQ, Joanna Gaines once said in an interview that it keeps her "up at night".
Awards
Considering the popularity of 'Fixer Upper', it's not surprising that the show and the couple behind it have received several awards. The couple has been nominated for a Critics Choice Award for 'Best Reality Show Host', a nomination which they obviously shared. Joanna on an individual basis was nominated for a People's Choice Award for Favorite Reality TV Star. 'Fixer Upper' has also been nominated twice for a Primetime Emmy Award for Outstanding Structured Reality Program.
Real estate
It's but obvious that Chip and Joanna would live in a fixer-upper of a house themselves. The couple's home in Waco Texas was originally built in 1895, but with their brand of makeover magic, the Gaines have converted it into a home that is big enough and sturdy enough for their five children. But what probably also helps a lot is the fact that their home is situated on 40 acres. The house which is nicknamed 'The Farmhouse' appropriately includes aged barn wood furniture and plenty of repurposed items like a kitchen island which was once a communion table. Besides their beautiful home, the couple also owns the Magnolia Market where several lifestyle goods are sold.
You can catch the reboot of 'Fixer Upper' along with other Magnolia Network originals which will be available on Discovery+ from July 15. Here's a sneak peek of what you can expect.