On Saturday, Sept. 19, Jimmy Fallon will turn 41 years old — and when he does, he’ll celebrate as a multimillionaire who holds one of the most coveted gigs in show business. “The Tonight Show” host and “Saturday Night Live” (“SNL”) alum is one of the most popular — and successful — comedian/writers on the planet.
Jimmy Fallon started out imitating “SNL” as a kid with his sister. When he was 24 years old, he landed a dream job as a cast member for the show thanks to his stint as a stand-up comedian in Los Angeles. In 2004, he left “SNL” to pursue what turned out to be a lukewarm acting career on the big screen with roles in “Fever Pitch” and “Taxi.”
Five years later, though, he returned to the small screen to take the helm of NBC’s “Late Night.” His celebrity — and his net worth — hit a new level, however, when he replaced Jay Leno as the host of the iconic late-night standard, “The Tonight Show,” in 2014.
Jimmy Fallon’s Net Worth on His 41st Birthday
Jimmy Fallon’s net worth is estimated to be roughly $25 million, according to CelebrityNetWorth. Fallon and his wife, Nancy, own two homes: one in the Hamptons that reportedly has a $5.7 million price tag and a $1.3 million co-op in Manhattan.
So, where does it all come from?
“SNL” cast members earn $6,000 per episode starting out, reports OK! magazine. But, they can earn as much as $25,000 per episode once they become more established. They also get a bonus if they write a sketch that makes it on the air.
Fallon was promoted to full-time cast member and became one of the show’s most prominent faces as the co-anchor of the popular “Weekend Update” sketch, which he did for four years on “SNL.”
Roles in several movies — including “Fever Pitch,” “Taxi” and “Whip It” — likely banked Fallon at least $1 million. When he then returned to television as the host of “Late Night with Jimmy Fallon,” his annual salary was $5 million, reported The Richest in 2013. But the real money would come from “The Tonight Show.”
How Much Is Jimmy Fallon’s Salary From ‘The Tonight Show’?
When NBC announced in 2013 that Jimmy Fallon would replace longtime host Jay Leno on “The Tonight Show,” the Daily Mail reported that Fallon would earn $12 million a year as host. Fallon’s salary was reportedly $3 million less than Jay Leno’s salary — that is, after Leno took a $10 million pay cut from $25 million to $15 million in 2012. Leno reportedly made $32 million between May 2011 and May 2012 alone, reports Forbes.
Although he won’t collect anything nearly as impressive as Jay Leno’s whopping numbers, the move to “The Tonight Show” more than doubled the $5 million annual salary Fallon had been earning at his previous late-night gig.
‘The Tonight Show’ Contract Extension
The most recent landmark in Jimmy Fallon’s career is his six-year contract extension NBC announced in August. The network locked Fallon in as host of “The Tonight Show” through the fall of 2021.
The extension is a great show of faith in Fallon’s ability, considering the wildly popular Stephen Colbert will be his direct competition as David Letterman’s successor on “The Late Show.”
It’s unknown how much Jimmy Fallon’s salary is as a result of the new contract, but TIME reported in September that the “The Tonight Show” host makes $11 million to $12 million.
Capital One, Apple iPhone 6: Other Ways Jimmy Fallon Makes His Money
Jimmy Fallon most likely earned a considerable amount of his $25 million net worth by lending his charm and likability to the world of corporate branding. He has appeared in advertising campaigns for several major brands, including Pepsi, Capital One, Xfinity and Apple, the latter of which he starred alongside Justin Timberlake to promote the iPhone 6 and iPhone 6 Plus.
However, it’s unclear how much these brands paid Fallon for these endorsements.
Jimmy Fallon Capital One Commercial
Jimmy Fallon Apple Commercial
Jimmy Fallon Pepsi Commercial
Jimmy Fallon’s birthday is right around the corner, and the comedian will celebrate as a rich man. His infectious personality has earned him legions of loyal fans — and not to mention a net worth that puts him near the top of the show business food chain.