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Former Silverchair bassist Chris Joannou has sold his family home in Carrington in the Newcastle district for USD 1.65 million, news.com.au reported. The 42-year-old and his wife, Karissa, are believed to be moving to Coffs Harbor, the hometown of his wife’s family.

The musicians’ net worth is a topic of fascination to many music connoisseurs. Here we will cover Chris’s and his wife’s combined net worth after the couple sold their three-bedroom home through Harcourts Newcastle agent Joel Solado who had USD 1.5 million plus hopes.

Chirs Joannu’s USD 1 Million Profit From Newcastle Home Sale

Christopher Andrew Joannou is an Australian musician and former Newcastle-based alternative rock band Silverchair bassist. He is a twin sister Louise Kipa and was the first of the three band members to cut his long hair short.

The bandmember popularly known by the nickname lumberjack purchased the antique three-bedroom house in Carrington with his wife Karissa back in 2014 for USD 671,000. The couple lived there almost for a decade.

After creating many memories with his wife and family at the Carrington home in his hometown, the couple decided to sell the house and move north to get closer to Karissa’s family.

The couple’s house was built in 1910 and occupied a spacious 508 square meter with a tree and front garden lane. The lovely pair hired a real estate agent and sold the house for $1.65 million, earning a net profit of $1 million on the initial investment.

Chris And Karissa Joannou’s Net Worth Peaks To $8 Million

According to Idol Net Worth, the musician Chris has an estimated net worth of $8 million as of 2022. He amassed this massive wealth from his career as a musician and former bassist for his alternate rock band group.

Recently, after selling his home in Newcastle, making more than a million dollars in net profit compared to the initial investment, Chris’s net worth and assets rose significantly.

Co-Founder And Co-Owner Of Beer Company

Joannou is a co-owner and co-founder of the Lovells Lager beer company. As he is one of the company’s major stakeholders, the Joannou family partakes in a significant amount of the profits from the company.

Apart from owning a beverage manufacturing industry, the Joannou couple ventured on opening a bar and small entertainment venue with four other business partners on Parry Street in the West of Newcastle, New South Wales, Australia. The bar opened for business in December 2013 and served as a hangout spot for many Newcastle residents.

Owner Of Bars And Restaurants In Newcastle

After Chris and the band member disbanded their alternate rock band group in 2011, the bassist decided to change his career and pursue his interest in hospitality. He opened a bar in December 2013 that has been serving as a hangout spot for many Newcastle residents.

Throughout the recent years of his retirement from music, Chris has engaged himself in opening bars and dumplings restaurants in Newcastle retail spaces. He started a restaurant by the name The Edwards in 2016.

The premises of popular venue The Edwards, which had been part-owned by the former Silverchair band members, was sold to an investor from Sydney for $4 million. Chris’s restaurant, The Edwards’, turned over about $250,000 annually and continues to run as usual from the site.

Chris Joannou’s Quick Facts

Biography:

Christopher Joannou was born on November 10, 1979, in Newcastle, New South Wales, Australia. He became famous as the bass guitarist for Newcastle-based alternative rock band Silverchair. Chris was raised along with his twin sister Louise Kipa.

Silverchair fans nicknamed him Lumberjack because he loved trees and plaid shirts. According to sources, Chris learned bass guitar under the teaching of his bandmate Ben Gillies. Apart from being the bassist, he was the assistant producer for the Mass Hall albums Feeling Sideways. The award-winning assistant producer launched Notes From A Ceiling which received the ARIA award.

Early Life

Born and bred in Newcastle, Chris’s father, David Atkin, and his mother supported him throughout his life. His parents nurtured him and gave him every opportunity to pursue his music hobby. He started as a professional bassist from the early age of 13.

According to sources, Chris mainly used G&L and Fender Precision Basses during his early career. He almost exclusively uses a combo of Ampeg B-15 Portaflex; as reported to gear wire, Chris used an Ampeg SVT-2 into Ampeg 810 cabinet in his live setup.

In 2006, Joannou gave a speech at launching a mental health scholarship to honour his cousin, Nathan Treoezanov. According to the Internet, his cousin Nathan committed suicide at 21.

Chris Joannou is of Macedonia heritage and grew up learning the culture of his ancestors through his father and mother.

Chris Joannou Career

Musician

Chris Joannou became well-known as the bassist for the alternative rock music group Silverchair from Newscastle. Like Chris, he is a well-established Australian musician. Ben Gillies, a fellow band member, taught him how to play the bass guitar. Chris further served as an assistant producer for The Mess Hall album, which topped the billboard for several days. The track Notes From A Ceiling won an ARIA award.

Chris mostly worked on art rock, hard rock, and grunge genres. He is exceptionally talented at playing the bass guitar. Currently, with his hard work and talent, Chris carved a niche in the music industry.

Rise And Fall Of Music Band Silverchair

Silverchair was a group of three young aspiring musicians from Australia seeking stardom in the music industry. The group worked on the alternative rock genre and got recognization in mid-1994. The alternative rock group was founded in Newcastle with Chris Joannou on bass guitar, Ben Gullies on drums, and Daniel Jones on vocals and guitars.

However, in 2011, the official website of the rock band announced indefinite hibernation. The band members took to their website and declared that after 20 years of starting Silverchair, they decided to halt their profession as musicians. The band members explained the reason for stopping the music was because the three members, despite their best effort, could not work together to create some projects that were fun and fulfilling creatively.

Bernard Zuel, a music journalist for Sydney Morning Herald, said the band’s use of the phrase “indefinite hibernation” was a way to alleviate the blow of the group’s break-up for fans. However, according to several admirers and spokesperson speculations, the legendary Newcastle rock band couldn’t create any new projects because of the crumbling relationships the frontman, Daniel Johns, had with his other bandmates, Chris and Ben.

Businessman

After his decades-long career in the music industry, creating his own identity, Chris decided to leave behind his career as a musician and decided to venture towards a new career as a businessman.

According to sources, the Australian music star has owned a bar and small entertainment venue, The Edwards on Parry Street, since 2013. He is also a partial owner and co-founder of a more extensive beer production company named Lovells Lager.

After the renovations of The Edwards in 2019, the platform now has a considerable space that will add to its reputation as a cultural and artistic nexus for the city.

Chris Joannou’s Personal Life

Before selling his Newcastle family home, he lived there with his beautiful wife, Karissa. Like many other musicians and famous personalities, Joanna has kept his private life far from the reach of the public.

Before Chris sold the spacious 508 sq m Newcastle family home, his relationship details of him were kept under the warps. However, after the sale, the Newcastle native singer and his partner Karissa made headlines, revealing Chris is married to a beautiful woman whose parents live at Coffs Harbor.

Chris was born to his parents, David and Sue Joannou. His parents, David and Sue, owned and started a laundrette in New Castle west in 2016. According to New Castle Herald, Chris’s parents were always into business, which explains his extensive interest in Joanna in business and investment opportunities.

The Newcastle native bassist and entrepreneur loves to keep his personal life private. During his youth days, he might have been in a relationship with a few girls before he met his soulmate, Karissa. As no source provides information about his past relationships before being a family man, we cannot say if he dated other girls before starting a family with Karissa.

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