09.03.2023 / 01:05
What is Chip and Joanna Gaines' net worth? They were 'broke' before becoming millionaires
Chip and Joanna Gaines may have been totally 'broke' when they first got married back in 2003, but in the last twenty years, not only have they built a massive home-renovation empire, Magnolia, but also a staggering net-worth to match it.The couple first delved into the business of flipping homes the year they got married, and the same year, they opened their very first store, Magnolia Market, which later became Magnolia Homes, in Waco, Texas, where they still live and work from today.After gaining popularity in their hometown, and a decade after they first ventured into the home renovation business, they were offered the opportunity of a lifetime at HGTV, and became an overnight sensation with their hit show, Fixer Upper.WATCH: Joanna Gaines reveals her unconventional Valentine's Day tradition with husband ChipMORE: Joanna and Chip Gaines' youngest son Crew's talent put on display in beautiful videoSince then, the two have left the network and started their own, Magnolia, and have amassed a whopping $50million net worth combined.However, they don't forget their humble beginnings. Back in 2020, speaking with People Magazine, Joanna recalled: "I remember when we first got married the only money we had was what was in Chip's pocket."MORE: Chip and Joanna Gaines' four-year-old son Crew shows off his green thumb in adorable photosShe added: "He always had a wad of cash, but we were broke.