Chip Gaines Net Worth

Net Worth:$50 Million
Date of Birth: November 14, 1974 (49 years old)
Profession:Home Renovator TV Personality, Design Expert
Nationality:United States of America

What is Chip Gaines’s Net Worth?

Chip Gaines is an American entrepreneur and businessman who has a net worth of $50 million. Chip and Joanna originally gained popularity for anchoring the show ”Fixer Upper” on HGTV. As of this writing, the couple runs a home renovation empire that includes a number of television programs and a line of housewares sold at Target. In April 2019, Chip and Joanna announced the beginning of a new joint venture with HGTV that comprises a TV network and streaming app of their own.

Early Life

Chip Gaines was born on 14 November 1974, in Albuquerque, NM. He attended Baylor University Hankamer School of Business in 1998 where he bagged a degree. At this time, Joanna was undergoing her studies at the same university.

Media Empire

In April 2019, Chip and Joanna revealed the beginning of a new joint venture with HGTV that comprises a TV network and streaming app of their own. The joint venture, which was scheduled to debut in 2020, had Chip and Joanna as its Chief Creative Officers.

Television Breakthrough

After starting up Magnolia Homes in Wacko, Texas, HGTV took cognizance of Chip and Joanna. They later launched “Fixer Upper” in May 2013 in collaboration with producers from the reality show “Cake Boss.” During his stint in HGTV, he refurbished about 150 homes.

Magnolia Lawsuit Allegation

Chips Gaines was dragged into a $1 million lawsuit in April 2017 by his former business partners at Magnolia. The lawsuit alleged that Gaines bought out partners John L. Lewis and Richard L. Clark without telling them about the deal he made with HGTV for the TV series. The complainants asserted that he paid them the sum of $2,500 each for their shares but he did not share the insider information.

Personal Life

Chip Gaines got married to Joanna Gaines on 31 May 2003.

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