Ashley Cordray is a familiar face in the world of home renovation, best known for her work on Restoring Galveston and Big Texas Fix. Alongside her husband, Michael Cordray, she has become a household name in historic home restoration.
As her career continues to rise, so does the curiosity about her wealth. This article takes a deep dive into Ashley Cordray’s net worth, her business ventures, and the sources behind her impressive financial success.
Who Is Ashley Cordray?
Ashley Cordray is a TV personality, home renovator, and real estate investor, widely recognized for her passion for restoring historic homes in Galveston, Texas.
Along with her husband, Michael Cordray, she stars in HGTV’s hit series Restoring Galveston, where the couple breathes new life into old homes, preserving their history while making them functional for modern living.
Raised with an appreciation for old architecture, Ashley pursued a degree in Marine Biology but later followed her passion for home restoration. Her expertise in historic preservation has earned her not only fame but also significant financial success.
Career Overview
Ashley’s career has centered on restoring historic homes, making her one of HGTV’s standout talents. Restoring Galveston showcases her eye for design and deep understanding of architectural history.
Since the show first aired, Ashley has worked on numerous homes in the Galveston area, many of which date back to the late 19th century.
Ashley and Michael also own Save1900, a business dedicated to restoring and preserving Galveston’s historic homes. This venture, alongside her role in the TV series, has greatly contributed to her rising net worth.
Ashley’s business acumen, combined with her on-screen presence, has made her a prominent figure in the real estate and home renovation sectors.
Highlights of Her Career:
- Lead role in Restoring Galveston.
- Co-owner of Save1900, a thriving renovation business.
- Multiple appearances in home renovation TV shows.
- Recognized by the Galveston Landmark Commission for her work in preserving historic architecture.
Ashley Cordray’s Business Ventures
Apart from television, Ashley is involved in several lucrative business endeavors. Her primary focus remains on real estate flipping, specifically historic home restoration.
Along with this, the Cordrays own the popular Cordray Drug Store, a charming ice cream shop that serves as both a nod to history and a source of additional income.
Business Ventures at a Glance:
| Business | Type | Contribution to Wealth |
|---|---|---|
| Save1900 | Home renovation | High |
| Cordray Drug Store | Ice cream shop | Moderate |
| Real Estate | Historic home flipping & selling | High |
Save1900 plays a critical role in Ashley’s financial success, as the couple buys, restores, and sells historic homes in Galveston. The homes they work on often garner attention for their intricate detailing and adherence to historical accuracy, which increases their resale value significantly.
Sources of Income
Ashley Cordray’s wealth comes from multiple income streams, with her TV career being the most prominent. However, her fortune is also built through real estate ventures, business ownership, and social media influence. Below is a breakdown of her primary sources of income.
1. Television Earnings
- Ashley’s role in Restoring Galveston brings in a substantial salary. Though her exact per-episode earnings aren’t publicly disclosed, it’s estimated that HGTV stars typically earn anywhere from $30,000 to $50,000 per episode. With multiple seasons of Restoring Galveston, Ashley’s television earnings have undoubtedly added significantly to her wealth.
2. Real Estate Ventures
- Along with Save1900, Ashley and Michael Cordray have flipped numerous homes. Each project generates large profits, with the sale of restored properties ranging from $500,000 to over $1 million depending on the home’s location and historical significance.
3. Cordray Drug Store
- While less lucrative than her real estate projects, the Cordray Drug Store still contributes a steady stream of income. This nostalgic ice cream shop is not just a business, but a Galveston landmark loved by the community.
4. Social Media Influence
- Ashley’s growing presence on Instagram has made her a valuable influencer. With a following in the hundreds of thousands, she leverages sponsored posts and brand partnerships, particularly in the home décor and renovation niches, contributing to her income.
Ashley Cordray Net Worth (2024 Update)
As of August 8, 2024, Ashley Cordray’s net worth is estimated to be $2 million. This figure takes into account her various business endeavors, her TV salary, and the real estate investments she has made in Galveston, Texas.
Breakdown of Ashley Cordray’s Net Worth:
| Source | Estimated Earnings |
|---|---|
| Television Career | $500,000 – $1 million |
| Real Estate Investments | $1 million |
| Cordray Drug Store | $100,000 – $200,000 |
| Social Media & Sponsorships | $100,000 – $300,000 |
Her net worth reflects both her business acumen and her ability to monetize her on-screen presence effectively.
How Ashley Cordray Manages Her Wealth
Ashley has demonstrated a clear understanding of financial management. Much of her wealth is reinvested into her real estate ventures, ensuring continued growth.
She’s known for making smart investments in properties that not only preserve history but also generate substantial returns. Additionally, her businesses like Save1900 and Cordray Drug Store ensure a diversified income stream.
Financial Management Highlights:
- Reinvesting in real estate to maximize profit.
- Leveraging her TV career to boost her personal brand.
- Diversifying income with business ventures beyond television.
Personal Life and Financial Impacts
Ashley’s personal life plays a significant role in her success. Alongside Michael Cordray, her partner in both life and business, the two have built a brand centered on family values and community involvement.
Their work on Restoring Galveston often intertwines with their personal lives, showcasing their daughters and their love for Galveston, Texas.
This family-oriented approach resonates with audiences, making her a more relatable figure, which in turn boosts her social media influence and contributes to her overall wealth.
Philanthropy and Community Involvement
A dedicated member of the Galveston community, Ashley is involved in various philanthropic efforts, particularly those related to historic preservation.
She has been recognized by the Galveston Landmark Commission for her work in restoring properties, and in 2020, she received the Sally B. Wallace Historic Preservation Award for her contributions to the city’s architectural history.
Community Involvement:
- Regularly donates to historic preservation causes.
- Engages in community events aimed at restoring Galveston’s historic charm.
Recent Ventures and Future Plans
Looking ahead, Ashley Cordray shows no signs of slowing down. With Restoring Galveston still going strong, her future in television is bright. There are rumors of potential spinoff shows and new business ventures tied to her Save 1900 brand.
Additionally, Ashley and Michael have expressed interest in expanding their real estate portfolio beyond Galveston, targeting other historically significant areas in Texas.
Future Prospects:
- Expanding TV presence with potential new series.
- Continuing to invest in historic home restoration.
- Developing more business ventures related to home renovation and design.
Lessons from Ashley Cordray’s Wealth Journey
There’s much to learn from Ashley Cordray’s financial journey. From managing multiple income streams to smart investments in historic properties, her success demonstrates the value of diversification and long-term vision.
Her ability to leverage her TV career and turn it into sustainable business success is a prime example of effective business acumen.
Conclusion
Ashley Cordray’s rise from home renovator to TV personality is a testament to her hard work, vision, and ability to balance business with personal life.
With a net worth of $2 million, she continues to inspire both fans of Restoring Galveston and aspiring entrepreneurs in the world of real estate and historic preservation. As she forges ahead with new ventures, her influence—and her wealth—are only set to grow.
FAQs
How many properties do the Cordrays own in Galveston?
The Cordrays have restored and sold 36 historic homes in Galveston, with even more projects completed outside the show, including their own home from 1887.
How many children do Michael and Ashley have from Restoring Galveston?
Michael and Ashley Cordray have three daughters: Elle, Emma, and Emory.
What did Michael and Ashley Cordray do for a living?
The Cordrays are known for their home restoration work on “Restoring Galveston,” where they showcase their talent for transforming historic homes.
When was Emma Cordray born?
Their second daughter, Emma, was born in May 2021.
Why is Ashley divorcing Michael?
Ashley explained that she and Michael have grown apart with different life goals, and they both want each other to find true happiness.
Did Ashley break up with Michael?
Yes, Michael and Ashley separated again in April 2022 and have remained apart since then.
How much older is Michael than Ashley?
Michael is 29 years older than Ashley, which has been a topic of discussion on their show.
Christopher Lee is a seasoned journalist and expert in celebrity news, bringing you the latest insights and trends from Hollywood and beyond. With a passion for storytelling, Christopher has spent years covering the lives of stars, offering readers a unique perspective on their favorite celebrities. When he’s not writing, you can find him exploring pop culture or enjoying a good movie. Follow his journey on Celeboxo.