Jimmy Fallon Net Worth

What is Jimmy Fallon's net worth and salary?

Jimmy Fallon is an American comedian, writer, television host, actor, singer, and producer who has a net worth of $70 million. Jimmy Fallon is known for his work on Saturday Night Live, as the host of The Tonight Show Starring Jimmy Fallon, and as the host of "Late Night with Jimmy Fallon."

Jimmy Fallon was what one might call a "computer geek" in college. He majored in Computer Science but then switched to Communications at the last minute and ultimately dropped out. He had always been a "Saturday Night Live" fan, and post-college, he set out on the stand-up comedy circuit, ending up in Los Angeles, where he continued to perform. He began appearing in small roles on film, while studying with the famed improv troupe, The Groundlings.  In 1988, he was invited to audition for "Saturday Night Live," and he joined the program for the 1998-1999 season.  He went on to become a popular member of the cast and remained with the show until 2004. After attempting a moderately successful film career, he returned to television, hosting "Late Night with Jimmy Fallon." His talk show has become a favorite spot for celebrities, artists, and politicians looking to reach a "hipper" audience, and it has also become a showcase for Mr. Fallon's musical talent.

Salary

Jimmy's annual salary for hosting The Tonight Show is $16 million.

(Photo by Paul Drinkwater/NBCUniversal via Getty Images)

Early Life

Jimmy Fallon was born on September 19, 1974, in the Bay Ridge neighborhood of Brooklyn, New York. Fallon attended St. Mary of the Snow, a Roman Catholic school. He was an altar boy in school and, for a time, considered being a priest. Fallon outgrew his religious ambition when he started getting more into comedy by listening to the Dr. Demento show on the radio. Like many teenagers, Fallon became obsessed with Saturday Night Live. He and his sister acted out sketches from the show for their parents and friends. At Saugerties High School, he was a performer in most of the stage productions during his four years of high school. He graduated from Saugerties High School in 1992. Fallon attended The College of Saint Rose in Albany, New York. On weekends, he performed stand-up comedy. He left college a semester before graduating in 1995 to move to Los Angeles at age 21 to pursue a comedy career full-time.

Career

In Los Angeles, Jimmy joined The Groundlings improv group and started polishing his standup act. He often did stand-up at the legendary Improv, for which he was paid $7.50 per set, which didn't even cover the cost of parking at the Improv.

Fallon auditioned for Saturday Night Live for the first time in 1997 but was unsuccessful. Fallon landed his second audition for SNL at the age of 23. SNL auditions are notoriously intimidating and difficult. At the audition, he was told by a number of people that creator Lorne Michaels pretty much never laughed during auditions. Fallon went onstage and did well. He performed a "celebrity walk-a-thon" sketch with impressions of well-known comedians, including Jerry Seinfeld and Chris Rock. Michaels laughed. He was hired as a cast member for the 1998-1999 season. Fallon became the program's most featured impressionist.

(Photo by Matt Winkelmeyer/Getty Images)

At first, Fallon thought he would follow in John Belushi's footsteps and spend three years at SNL. However, he was persuaded to stay when he was given the reins of the Weekend Update alongside Tina Fey in 2000. In his later years on SNL, Fallon co-starred in a skit titled "The Barry Gibb Talk Show" alongside Justin Timberlake, where they portrayed musicians Barry and Robin Gibb. This marked the beginning of a long-running friendship and collaboration with Timberlake. Fallon remained a cast member of SNL until the 2004 season. He has been called the best SNL cast member since Phil Hartman and is popular amongst SNL fans.

In 2002, Fallon hosted the MTV Video Music Awards. During his opening monologue, Fallon spoofed the music videos of Eminem, Avril Lavigne, The White Stripes, Enrique Iglesias, Dave Matthews Band, and Nelly.

After leaving SNL, Jimmy pursued an acting career with movies like Fever Pitch, Factory Girl, Ted 2, Jem and the Holograms, iCarly, 30 Rock, Family Guy, Taxi, and Whip It.

In 2009, he took over from Conan O'Brien as the host of the television show Late Night with Conan O'Brien, which was renamed Late Night with Jimmy Fallon. In April 2013, NBC announced that Jimmy had been selected to take over The Tonight Show from Jay Leno immediately following the 2014 Winter Olympics. Fallon is the first host in the history of The Tonight Show (except original host Steve Allen) who became the show's permanent host without previously having served as a "Guest Host." Before him, Jay Leno had guest-hosted for Johnny Carson; Carson had done it for Jack Parr, and Parr had done this for Steve Allen.

Fallon won Primetime Emmy Awards for Late Night with Jimmy Fallon in 2010, Saturday Night Live in 2012 and 2014, and The Tonight Show Starring Jimmy Fallon in 2015.

In 2023, Fallon's game show "That's My Jam" was nominated in the Outstanding Game Show category, while "Password," which he also executive produces, landed a nomination in the Outstanding Host For A Game Show for Keke Palmer.

Jimmy Fallon / Mike Coppola/Getty Images

Personal Life

Fallon met film producer Nancy Juvonen, co-owner (alongside Drew Barrymore) of Flower Films, on the set of his movie Fever Pitch. They began dating in May 2007. Fallon proposed at sunset on the dock of Juvonen's family home in New Hampshire in August 2007. They were married on December 22, 2007. They have two daughters, Winnie Rose and Francis Cole, as well as a golden retriever named Gary Frick. Gary has appeared on Late Night with Jimmy Fallon.

In grade school, he was voted most likely to replace David Letterman. In June of 2003, he guest-hosted for David Letterman.

Fallon is so famous for suddenly breaking character (and cracking up) that breaking character is sometimes called "Jimmy Falloning."

Jimmy Fallon Net Worth /Andrew H. Walker/Getty Images

Real Estate

Jimmy's first real estate purchase was an $850,000 one-bedroom condo in New York City that he purchased in 2002. He bought the apartment at the urging of SNL producer Lorne Michaels. Jimmy later revealed he could not actually afford the purchase back in 2002, but he wisely followed Lorne's advice. After he married Nancy Juvonen, they began buying up neighboring units. For example, in 2014, they paid $725,000 for a top-floor studio apartment. The purchase in the nine-story, roughly 35-unit building was in addition to a purchase a few months earlier of a one-bedroom apartment next door to the studio for $1.35 million.

Over time, they combined the units to create a six-bedroom, 5,000-square-foot apartment. Their total spend on five apartments was $5.8 million. In March 2021, Jimmy and Nancy listed their complex for $15 million. Within the next year, the home sold to actress Cara Delevingne in a reported $10.8 million deal.

Fallon and his wife own a home in the Hamptons. Located in Sagaponack, it's a 3,500-square-foot farmhouse-style home built in the 1800s. They bought it in 2011 for $5.7 million.

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