Here’s What Jimmy Fallon’s Net Worth Really Is

James Thomas Fallon Jr, or Jimmy Fallon as fans have come to know him, is a comedian and television host for The Tonight Show Starring Jimmy Fallon. Before this, he also hosted ‘Late Night with Jimmy Fallon’ and has appeared as a cast member on ‘Saturday Night Live’.

As of 2022, The famous talk show host Jimmy Fallon has a net worth of $60 million. He has earned most of this wealth from his annual salaries of $16 million in ‘The Tonight Show Starring Jimmy Fallon’, and previously $11 million from the ‘Late Night Show.’

How Did Jimmy Fallon Acquire His Wealth?

Jimmy’s career didn’t begin in wealth. At age 21, he joined the Groundlings Improv Group, and he made $7.50 per set. This amount was unfortunately not even enough to cover for parking at the shows. During this time, he also prepared to audition for Saturday Night Live.

For many of his fans, it may seem like a long time ago that Jimmy was a regular cast member on Saturday Night Life. This is true since his first appearance on the show was in 1998. According to Showbiz Cheatsheet, Fallon was making $5 million a year from these performances. His viewer ratings were relatively high. He was given the reins of the Weekend Update, where he was co-performing with Tina Fey.

Soon after leaving SNL, Jimmy started his acting career with small roles and cameos in movies and shows like Ted 2, iCarly, and Family Guy.

After Conan O’Brien, Jimmy took over the Late Night Show where he was making $11 Million a year, according to TV Guide. The numbers certainly seem to reflect Fallon’s rise in talent through the years and just how much his fans love watching him.

How Much Does Jimmy Fallon Earn from ‘The Tonight Show Starring Jimmy Fallon’?

Jimmy Fallon’s salary from ‘The Tonight Show’ is $16 Million a year. A little bit of math gets involved in finding his salary per episode, and the number sits at approximately $67K per episode.

How Does Jimmy Fallon Spend His Money?

When it comes to the highest-paid talk show host, Jimmy Fallon sits on top. While cashing big checks from his popular talk shows, Jimmy has been smart with his money.

Fallon purchased a farmhouse in the Hamptons, which are a group of small villages in the East of Long Island, New York. The region is popular with its famous attractions such as Cooper’s Beach, Shinnecock Hills Golf Club, and the Hampton Classic. Fallon’s home here is priced at $5.7 million, and it is a 3,500 ft² home located in the region of Sagaponack.

Later in 2014, Jimmy Fallon and his wife bought a top-floor studio apartment at Gramercy Park for $725K. They also purchased a one-bedroom apartment next to the studio at $1.35 Million in the same year.

Jimmy has also indulged in trends from time to time. Recently in 2019, his team reportedly got in touch with Chris Alan to buy the creepy Timothee Chalamet ventriloquist dummy. The infamous puppet cost Fallon something close to $123K. He now uses it to read off the book club list on The Tonight Show.

Jimmy Fallon is also an incredibly charitable person. He recently made a $15K donation to the Girl Scouts of America.

Jimmy Fallon’s Early Life

Born in Brooklyn, New York, Fallon to James W. Fallon Sr. and Gloria Fallon, Jimmy grew up watching every episode of Saturday Night Live. His first break came for him when there was a radio contest by the Bananas Comedy Club for finding a funny impressionist. Here he won his first $500.

While studying at the College of St. Rose, he started putting on his comedy shows at St. Joseph’s Hall. Here, he thought of moving to Los Angeles, and he took classes at The Groundlings Improv.

While at Improv, he sent his audition tape to SNL and was turned down the first time. The second time he actually got in by making the SNL creator, Lorne Michaels, laugh during the audition.

Fallon’s journey to the top began at SNL. Here, the audience loved him the most because of his celebrity impressions. By 1999, Jimmy was the most viewed-cast member at Saturday Night Live, and the numbers kept growing as he started hosting the ‘Weekend Update.’

He left SNL in 2004, and after doing a few cameos in movies, he succeeded Conan O’Brien in The Tonight Show. The show was also renamed to match its new host as The Tonight Show with Jimmy Fallon.

Fallon’s Career Highlights

• Jimmy Fallon definitely has a successful and thriving show now. Still, we also need to count all the milestones that led him here.
• In 1998, when Jimmy Fallon joined SNL, he did so in his second attempt at the auditions. This was his dream growing up, and achieving it is definitely bound to appear in the highlights reel.
• By 2000, Jimmy was the most loved cast member and impressionist on SNL, and he even co-starred in a skit with Justin Timberlake.
• In 2002, Fallon hosted the MTV Video Music Awards. While monologuing, he spoofed several music videos of artists such as Eminem, Avril Lavigne, and Enrique Iglesias.
• In 2009, Jimmy Fallon was made the host of the Late Night show. Here, he succeeded long-term host Conan O’Brien.
• Later in 2013, Fallon was given a contract by NBC to host The Tonight Show. He is the second host in the history of The Tonight Show who didn’t previously appear as a guest host on the show.

Jimmy Fallon’s awards and accolades include

• He got the People’s Choice Award for the Favorite Late Night Talk Show Host for 2013, 2015, 2016, and 2017.
• He won the Grammy Award for the Best Comedy Album in 2013 for his album ‘Blow Your Pants Off.’
• He has also won the Primetime Creative Arts Emmy Award in 2012, 2014, and 2015.

Jimmy Fallon is one of the most hardworking talk show hosts we have today. His fantastic talent in making impressions has been his secret weapon throughout his career and has earned him a ton of fame and fortune. His current net worth stands at $60 Million after including all his salaries and assets.