Net Worth: $70 Million
renaschild / depositphotos.comJimmy Fallon’s net worth is estimated to be $70 million as of March 2024.
Fallon is an American comedian, writer, actor, singer, television host, and producer. Fallon rose to fame on the hit TV series Saturday Night Live (1998-2004), but most of his wealth derives from his work as a talk show host, first on Late Night with Jimmy Fallon and now as host of The Tonight Show Starring Jimmy Fallon.
From his work on SNL and his talk show to various hosting duties on other TV shows, here’s how Jimmy Fallon’s net worth has grown mostly from TV work.
How Much Does Jimmy Fallon Make From Late Night With Jimmy Fallon
everett225 / depositphotos.comJimmy Fallon’s contract in 2022 was reported to be $16 million per season, according to Late Night tracking website Last Night On. Parade reports that Fallon averages 196 episodes per year, equivalent to just over $82,900 per episode.
In January 2023, Radar Online reported that NBC executives regretted giving Fallon a five-year extension worth $80 million. The regret stems from Fallon’s falling rating and his loss of the number one late-night position to fellow talk show host Stephen Colbert.
Late Night with Jimmy Fallon debuted in March 2009, and in August 2013, it was reported that he was earning $11 million per year for his work on Late Night.
Given his long tenure on both Late Night and The Tonight Show, we can assume that Jimmy Fallon’s net worth grew by more than $100 million before agent fees, taxes, and other expenses.
Jimmy Fallon’s Time On SNL Earned Him A Decent Living
Featureflash / depositphotos.comWhile Jimmy Fallon’s salary from Saturday Night Live has not been confirmed, his status as a series regular and his longevity on the show gives us a good barometer for measuring his potential salary.
According to Cosmopolitan, the most SNL will pay an actor is $25,000 per episode or $525,000 per year. Career site Zippia reveals that first-year SNL cast members make about $7,000 per episode or around $147,000. Parade reports that second-year cast members earn a bump to $8,000 per episode or $168,000, and by the fifth season, the pay has increased significantly to $15,000 per episode or $315,000 per season.
Based on those numbers and his six seasons on the TV series, Jimmy Fallon’s Saturday Night Live earnings were likely just over $1 million for his six years on the live sketch comedy show.
Fallon Has Also Earned From Other Hosting Duties
Fallon’s turn as executive producer and panelist on the reboot of the gameshow Password was a smart decision for the comedian. Since debuting in August 2022, the show has been a top-rated game show and is particularly popular among streaming audiences.
Fallon also launched and hosts That’s My Jam, an American music game show that features musical segments with Fallon and various celebrity guests. In October 2023, Fallon’s gameshow was renewed for a third season.
Fallon’s salary for his gameshows has not been revealed, but given their popularity and renewals, he’s likely earned millions.
Jimmy Fallon Makes Money From Product Endorsements.
In November 2023, the team at State Farm announced a new partnership with Jimmy Fallon, and they launched the “Are You Joking?” commercial spot. The new TV ad spot features Fallon along with Jake from State Farm.
Fallon has also worked with Pepsi-Cola, Frito-Lay, Capital One, Nintendo Switch, Ben & Jerry’s Ice Cream, Apple, and New Era Caps, among others.
Jimmy also appeared with actor John Cena in a Super Bowl LIV commercial for Michelob Ultra.
Given the comedian’s star power, Fallon has likely earned seven figures for his commercial work, although his pay for various product endorsements has not been revealed.
Jimmy Fallon’s net worth of $70 million is impressive, especially considering that a majority of his fortune has come from his work on television. From SNL and his talk show duties to TV commercials and gameshows, Jimmy Fallon has proven to be a small screen superstar.
