Michael and Ashley Cordray are a married couple who are best known for their home renovation and restoration business, Save 1900, and their reality TV show, Restoring Galveston. The show, which airs on the Magnolia Network, follows the Cordrays as they transform historic homes in Galveston, Texas, into modern and comfortable living spaces. But how much do the Cordrays earn from their TV show and their business? And what is their net worth as of 2023? Here is what we know.
Save 1900: The Cordrays’ Home Renovation and Restoration Business
Michael and Ashley Cordray started their home renovation and restoration business, Save 1900, in 2016, after they quit their corporate jobs and decided to pursue their passion for preserving historic homes. The name of the company comes from the 1900 Galveston hurricane, which was the deadliest natural disaster in US history and destroyed many homes in the area. The Cordrays’ mission is to save these homes from further decay and neglect, and to restore their original charm and character.
According to their website, Save 1900 offers a variety of services, including design consultation, project management, construction, and staging. The company also buys and sells historic homes in Galveston, and has a portfolio of completed projects that showcase their work. Some of the homes that the Cordrays have renovated and restored include the 1890s Victorian, the 1914 Craftsman, the 1903 Queen Anne, and the 1920s Bungalow.
The Cordrays have not disclosed the exact revenue or profit of their business, but it is likely that they make a substantial income from their services and sales. According to Zillow, the median home value in Galveston is $305,000 as of September 2023, and the average price of homes sold is $325,000. Assuming that the Cordrays sell their renovated homes at or above the average price, and that they complete about 10 projects per year, they could potentially make over $3 million in revenue from their business annually. Of course, this does not account for the costs of buying, renovating, and maintaining the homes, as well as the taxes and fees involved. However, it is still a reasonable estimate of the scale and scope of their business.
Restoring Galveston: The Cordrays’ Reality TV Show
In addition to their home renovation and restoration business, Michael and Ashley Cordray are also the stars of their own reality TV show, Restoring Galveston. The show, which premiered in 2019 as Big Texas Fix, follows the Cordrays as they buy, renovate, and sell historic homes in Galveston. The show also features the Cordrays’ personal and family life, as they balance their work with raising their three children, Elle, Emma, and Emory.
Restoring Galveston is part of the Magnolia Network, which is a joint venture between Discovery and Chip and Joanna Gaines, the famous couple behind the hit show Fixer Upper. The Magnolia Network is a lifestyle and entertainment brand that aims to inspire viewers with stories of home, family, food, design, and entrepreneurship. The network launched in July 2023, and is available on Discovery+, as well as on cable and satellite providers.
The Cordrays have not revealed how much they are paid for their TV show, but it is likely that they receive a decent amount of money for their participation. According to Celebrity Net Worth, the average salary for a reality TV star is $35,000 per episode, but this can vary depending on the popularity and ratings of the show, as well as the contract and negotiation terms. Assuming that the Cordrays earn somewhere around the average salary, and that they film about 10 episodes per season, they could potentially make $350,000 per season from their TV show. Of course, this does not account for the expenses of producing and promoting the show, as well as the taxes and fees involved. However, it is still a reasonable estimate of the income they generate from their TV show.
Michael and Ashley Cordray Net Worth: The Bottom Line
Based on the information available, we can estimate that Michael and Ashley Cordray have a combined net worth of around $5 million as of 2023. This is based on the following assumptions:
- They make about $3 million in revenue from their home renovation and restoration business, Save 1900, annually.
- They make about $350,000 per season from their reality TV show, Restoring Galveston.
- They have other sources of income, such as endorsements, sponsorships, and appearances, that add to their earnings.
- They have expenses, such as taxes, fees, mortgages, loans, insurance, and living costs, that reduce their net worth.
Of course, these are just rough estimates, and the actual net worth of the Cordrays may be higher or lower than what we have calculated. The Cordrays have not publicly disclosed their financial details, and they may have other assets or liabilities that we are not aware of. However, based on the available evidence, we can conclude that the Cordrays are a successful and wealthy couple who have made a name for themselves in the home renovation and restoration industry.
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