As the host of The Tonight Show, Jimmy Fallon is one of the most beloved household names in America, and has an estimated net worth of about $35 million. Fallon’s efforts and skilled impersonations came to fruition in 1998, when he was cast as a member of SNL, and he has since gone on to star in films like Taxi and Fever Pitch, and host a number of award shows. But just how much money does Jimmy Fallon make? And where does he stand in comparison to other late night talk-show hosts?
Read on to learn more about Jimmy Fallon’s net worth.
1. He Makes an Estimated $11 Million a Year
Fallon was born in Brooklyn on September 19, 1974. His father, Jim, spent his teenage years singing doo-wop in Bay Ridge, and later worked as a machine repairman for IBM. Speaking with Vanity Fair in 2014, Fallon said, “We had an idyllic childhood… My grandparents were so happy, everyone in the family was funny, and there was no divorce, no unemployment—we were lucky.” His sister, Gloria, is a comedy writer, and sometimes writes for Late Night’s ‘Thank You Notes’ segment.
I grew up in a big Irish family, and we’d have big parties all the time and everyone was always grabbing a microphone and singing a song or something. That was kind of a family ritual, the kind of thing that would happen as often as it didn’t. I figured I had to get in on the act somehow, even when I was really little, so I’d grab a microphone and go out there and stomp around and do my thing too.
Fallon began experimenting with comedy as a teenager, which is when he developed his impersonations of different celebrities like James Cagney (which he says is his best) and Dana Carvey. He attended The College of Saint Rose in Albany, New York, but dropped out a semester early to pursue a comedy career. Eventually, Fallon went back to school to receive his Bachelor of Arts in communications.
2. He Was an SNL Cast Member for Six Years
According to a 2013 article in the New York Times about Fallon’s rise to stardom, Jimmy dreamed for years about being on SNL. “If I ever cut into a birthday cake and made a wish, I would wish to be on “Saturday Night Live.” If I threw a coin into a fountain, I would wish to be on “Saturday Night Live.” If I saw a shooting star, I would wish to be on “Saturday Night Live.” Fallon’s manager would constantly send videos to SNL producers. When he finally got the audition he was told not to expect Lorne Michaels to laugh.
Three weeks after performing his impressions, Fallon was asked to met with Michaels on the Paramount lot. Jimmy tells the NY Times, “I was sitting there with Lorne’s assistant for three hours, and I’m like, ‘Whenever he’s ready, I’m here.’ And she’s like, ‘You know, Chris Farley waited for eight hours.’ Finally, there’s Lorne Michaels, everything’s white in the office, and clean.” Jimmy walked in and was told that he got the job– he admits that he doesn’t remember much of it and describes the moment as being in “slow motion.”
3. He Owned Five Units in a New York City Co-Op Building as of 2014
As of 2014, Fallon owned five units of a co-op building in New York City’s Gramercy Park. Fallon collected these units over time. According to the New York Post, he purchased the first, seventh-floor unit in 2002, and the second in 2004 for $1.5 million. Six years later, he purchased an eighth-floor for $1.35 million, and in 2014, he bought both a four-bedroom, $1.35 million unit, and a studio for $725,000, both on the top floor of the same co-op.
4. He and Stephen Colbert Are 2016’s Highest Paid Late-Night Hosts
As of October 2016, Stephen Colbert and Jimmy Fallon were the two highest-paid late-night hosts, according to Forbes.
Fallon was one of four late-night hosts to appear on Forbes list of The World’s Highest Paid TV Show Hosts, as the highest-paid hosts usually appear on TV in the morning or daytime. (The three others include Stephen Colbert, Conan O’Brien, and Jimmy Kimmel.)
5. He Donated $10,000 to a Charity in Flint
Fallon is an active community member and often donates to charities. In January of last year, People reported that Fallon donated $10,000 to Community Foundation Greater Flint.
His altruistic efforts don’t end there– last year, Fallon, along with Macmillan Children’s Publishing Group, donated $1,000,000 worth of new books to children in need. “Even if a book is just the word ‘Dada’ and some animal noises, the confidence that you gain from reading and finishing your first book opens up a whole new world” he said after donating.