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Design and lifestyle gurus Chip and Joanna Gaines have, over the past decade, built a business empire worth nearly $1 billion, by some estimates.

The Waco, Texas-based couple were described in a Variety profile last month as having “unrivaled reach and influence” in the “home, hearth, food and family” sectors, which includes “curating” the Magnolia Network, a 24/7 cable channel they co-own with Warner Brothers Discovery.

Chip, 48, grew up in...

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