Jimmy Fallon, an American comedian, writer, television host, actor, singer, and producer, has accumulated a net worth of $70 million. He is recognized for his work on Saturday Night Live (SNL), his hosting role on The Tonight Show Starring Jimmy Fallon, and his time hosting Late Night with Jimmy Fallon. Fallon’s diverse career has contributed significantly to his wealth.
In college, Fallon was initially a “computer geek,” studying Computer Science. However, he eventually switched his major to Communications before dropping out. As a fan of Saturday Night Live, Fallon aimed to pursue a career in comedy. After college, he ventured into stand-up comedy, moved to Los Angeles, and began performing at various comedy clubs. Additionally, he took classes with the famed improv troupe, The Groundlings.
In 1998, Fallon was invited to audition for Saturday Night Live and joined the cast for the 1998-1999 season. He remained with the show until 2004, becoming one of its most beloved and popular cast members. After an attempt at a film career, Fallon returned to television to host Late Night with Jimmy Fallon, which helped him connect with a younger and hipper audience.
Salary
Fallon earns an impressive annual salary of $16 million for hosting The Tonight Show. This salary is reflective of his significant influence and success in late-night television, where he brings a unique blend of comedy, musical talent, and celebrity interviews.
Early Life
Born on September 19, 1974, in the Bay Ridge neighborhood of Brooklyn, New York, Jimmy Fallon was raised in a Catholic family. He attended St. Mary of the Snow, where he was an altar boy and briefly considered becoming a priest. Fallon’s comedic interests grew after he started listening to the Dr. Demento radio show. His love for Saturday Night Live also took root during his childhood, often acting out sketches from the show with his sister.
While in high school, Fallon participated in various stage productions at Saugerties High School, graduating in 1992. He later attended The College of Saint Rose in Albany, New York, where he studied Communications. During his college years, he began performing stand-up comedy. In 1995, Fallon left college a semester before graduating and moved to Los Angeles to pursue his comedy career full-time.
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Career
Once in Los Angeles, Fallon joined The Groundlings, an improv comedy group, to refine his comedy skills. He also performed stand-up at The Improv, a legendary comedy venue, where he earned only $7.50 per set, which didn’t even cover parking. Despite early struggles, Fallon’s persistence paid off when he landed an audition for Saturday Night Live (SNL) in 1997, though he was initially unsuccessful.
In 1998, Fallon returned to audition for SNL, and at 23, he performed well enough to secure a spot on the show. During his audition, he impressed SNL creator Lorne Michaels with a sketch that featured celebrity impressions. This was the beginning of Fallon’s journey as a cast member, where he became known for his excellent impressions and comedic timing.
Initially, Fallon considered leaving SNL after three years, following in the footsteps of John Belushi. However, he was convinced to stay when he became the co-anchor of Weekend Update with Tina Fey in 2000. During his final years at SNL, Fallon starred in the famous “Barry Gibb Talk Show” sketch with Justin Timberlake, marking the beginning of a strong friendship and ongoing collaboration with the musician.
Fallon remained with SNL until the 2004 season. His time on the show solidified his reputation as one of the best cast members to ever be part of the ensemble, drawing comparisons to Phil Hartman. His work was widely appreciated by SNL fans and critics alike.
After his departure from SNL, Fallon moved into film, appearing in movies such as Fever Pitch, Factory Girl, Ted 2, Jem and the Holograms, 30 Rock, and Family Guy. While his film career had some success, it was his return to late-night television that proved to be a defining career move.
In 2009, Fallon took over from Conan O’Brien as the host of Late Night, which was renamed Late Night with Jimmy Fallon. His unique style, musical performances, and celebrity interviews made the show a hit with younger audiences. In 2013, NBC announced that Fallon would take over The Tonight Show from Jay Leno, making him the first host in the show’s history to do so without having guest-hosted before.
Fallon’s success continued with multiple Primetime Emmy Awards. He won accolades for his work on Late Night with Jimmy Fallon, Saturday Night Live, and The Tonight Show Starring Jimmy Fallon, including wins in 2010, 2012, 2014, and 2015.
In 2023, Fallon’s game show That’s My Jam received a nomination for Outstanding Game Show. Additionally, Password, a show he executive produces, earned a nomination in the Outstanding Host For A Game Show category for Keke Palmer.
Personal Life
Fallon’s personal life includes his marriage to film producer Nancy Juvonen. The couple met in 2007 on the set of Fever Pitch, where they began dating that year. Fallon proposed to Juvonen in August 2007 at her family’s New Hampshire home, and they married later that year on December 22. They have two daughters, Winnie Rose and Francis Cole, along with a golden retriever named Gary Frick, who has made appearances on Fallon’s shows.
Fallon’s comedic career has been marked by moments when he would unexpectedly break character and laugh during sketches. This tendency has become so iconic that fans have coined the term “Jimmy Fallon” to describe the act of cracking up on air.
Real Estate
Jimmy Fallon’s real estate investments have been just as successful as his career. In 2002, Fallon bought a one-bedroom condo in New York City for $850,000. At the time, he couldn’t truly afford the purchase, but he followed advice from SNL producer Lorne Michaels and made the investment. Over the years, Fallon and his wife Nancy expanded their real estate holdings by purchasing neighboring units, eventually combining them into a 5,000-square-foot, six-bedroom apartment.
Their total spending on these five units amounted to $5.8 million. In March 2021, they listed the property for $15 million, and it sold in 2022 for $10.8 million to actress Cara Delevingne.
In addition to their New York City real estate, Fallon and Juvonen also own a 3,500-square-foot farmhouse-style home in Sagaponack, located in the Hamptons. The couple purchased the property in 2011 for $5.7 million. The Hamptons’ property is a picturesque setting for their family life outside of the spotlight.
Jimmy Fallon’s success in television, comedy, and real estate is a testament to his hard work and versatility, making him one of the most influential figures in the entertainment industry today.
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