• Chip Gaines is a reality television star, businessman, construction expert, and designer
• He and his wife have a net worth of $7.6 million
• They own a business and have done house flipping as well as starred in the show “Fixer Upper”
• They have faced some controversy, such as lawsuits and accusations of tension in their marriage
• Chip and Joanna Gaines are married and have five children together
Who is Chip Gaines?
Chip Gaines was born on 14 November 1974, in Waco, Texas USA, and is a reality television personality, businessman, construction expert and designer, but best known for being one of the stars of the reality television show “Fixer Upper”, in which he appeared alongside his wife. The two have worked together in their real estate business since the start of their respective careers.
The Riches of Chip Gaines
How rich is Chip Gaines? As of late-2018, sources inform us of a net worth that is at $7.6 million, earned through success in business and on television. His wife has also helped elevate their net worth, thanks to them being business partners and working on projects together. As he continues his career, it is expected that his wealth will also continue to increase.
Early Life and Education
While little is known about his childhood, Chip did grow up with his parents and a sister in a Christian household, and his life was mostly out of the spotlight during this time. He developed an interest in business early, and after matriculating from high school enrolled into Baylor University – Hankamer School of Business. He graduated with a degree in business in 1998, and was then set on establishing his own business.
Gaines along with his future wife Joanna, started investing in properties located in the Baylor area and he established his own company called Trinity Properties, constructing and designing houses based on their clients’ preferences. Eventually, he decided to leave his company to start working for his wife’s company called Magnolia Homes, which began as a store selling various home accessories, before focusing more on design and construction. Their focus then went to helping clients locating dream homes, using undervalued properties to help maximize the budget. The couple themselves then started house flipping, which is the act of buying houses at a low price, renovating them, and selling them for a profit. Their popularity in construction and design attracted attention, and the couple decided that one of the next steps to help promote their business was through television.
— Chip Gaines (@chipgaines) September 12, 2017
In 2013, the couple aired the pilot of their reality television series entitled “Fixer Upper”, which focuses on home design and renovation. The show’s pilot proved very successful, and they began their first full season the following year. The show would run for a total of five seasons until 2017, produced by High Noon Entertainment, also responsible for the cooking show “Cake Boss”. The couple is seen working with clients in terms of buying and remodeling homes, working on over 100 homes in the series. Usually they couple three potential homes to choose from in central Texas, each requiring repair or renovation. Once a home is chosen, Joanna focuses on the design while Chip works as the lead contractor. They usually have an overall budget of $200,000 with $30,000 that will be spent on renovations. The show became highly successful and gained the couple a lot of popularity. However, in 2017 the couple decided to end the show, as they wanted to focus more on their children as the show was taking-up too much of their time. Still, in 2018 they launched a spin-off series entitled “Fixer Upper: Behind the Design”, which features Joanna and how she comes up with the designs seen in “Fixer Upper”.
In 2017, with the popularity of “Fixer Upper” at its peak, former business partners of the couple filed a fraud lawsuit alleging that the couple persuaded them to sell their business interests in Magnolia Realty without disclosing plans that they were working on a television show, therefore monopolizing its gains. Chip’s attorney Jordan Mayfield appeared on air at the CBS television station KWTX-TV and stated that the lawsuit was meritless, saying that it was disappointing to see people trying to take advantage of hard working people and the success of others, referring to the Gaines’ success.
Prior to the couple ending “Fixer Upper”, reports were floating around that there was tension with the family and that they were heading to divorce, mainly due to the pressure mounting from the show and their ever increasing business empire. They also had their fifth child, meaning that they had to give some time to raise the baby. They also had issues with the US Environmental Protection Agency, after allegedly breaking guidelines for remodeling on “Fixer Upper”. With all of these issues around them, Chip and Joanna decided that the best thing to do to move forward was to let go of the television show, to give more time for everything else.
For his personal life, it is known that Chip married Joanna Gaines in 2003, and they have five children together. According to reports, both of them enrolled at Baylor University, but never met each other during their time there. Later on, when Chip’s car was being repaired at the automobile shop owned by Joanna’s father, he saw a picture of Joanna and became interested in dating her. He found a way for them to meet and start dating, which began their relationship. The couple is associated with the Antioch Community Church, which has been criticized due to the pastor’s stance on conversion therapy and homosexuality.