Pete Davidson’s Net Worth 2024

Pete Davidson's net worth is $10 million as of 2024.

Pete Davidson is an American comedian, actor, writer, and producer, born on November 16, 1993, in Staten Island, New York. He first gained popularity as a cast member on the sketch comedy show "Saturday Night Live" (SNL) in 2014, when he was only 20 years old, making him one of the youngest cast members in the show's history.

In addition to his work on SNL, Davidson has appeared in several films and TV shows, including "Trainwreck," "The King of Staten Island," and "The Suicide Squad." He has also released a comedy special on Netflix called "Alive From New York."

Davidson's personal life has also garnered media attention. He has been in high-profile relationships with several celebrities, including Ariana Grande, Kate Beckinsale, and Kim Kardashian.

Who is Pete Davidson?

Peter Michael Davidson is a recognized figure in American stand-up comedy and acting, who is best known for his time as a cast member on Saturday Night Live (SNL). Davidson spent eight seasons, from 2014 to 2022, on SNL before leaving the show. Beyond the SNL limelight, he has also stand-up on shows like Comedy Underground with Dave Attell, Adam Devine's House Party, and Jimmy Kimmel Live.

Not only that, he showcased his acting talent in films like "Trainwreck," "The King of Staten Island," and "Big Time Adolescence."

Outside the industry, Davidson's personal life grabs headlines, especially his high-profile relationships and openness about mental health struggles. His candid discussions on these matters have sparked crucial dialogues about mental health awareness.

How much is Pete Davidson’s Net Worth in 2024?

Source: Pete Davidson’s Facebook

As of 2024, Pete Davidson's estimated net worth is around $10 million. Davidson's primary source of income was his work as a cast member on "Saturday Night Live," for which he reportedly earned a salary of $15,000 per episode. He has also earned money from his comedy tours, stand-up specials, and appearances in films and TV shows.

In addition to his work in entertainment, Davidson has also been involved in several endorsement deals, including partnerships with brands like Taco Bell and SmartWater. Despite his success, Davidson has been open about his struggles with mental health and substance abuse, which have led to financial setbacks in the past. However, he has worked to manage his mental health and has continued to build his career, earning both critical acclaim and financial success.

How does Pete Davidson make his money?

Pete Davidson accumulates his earnings primarily through his endeavours as a comedian, actor, and writer. His tenure as one of the highest-paid cast members on "Saturday Night Live" (SNL) has significantly bolstered his considerable income. In addition to SNL, he has broadened his influence in the realm of television, making noteworthy appearances on esteemed programs like MTV's "Guy Code," "Wild 'n Out," and "Philosophy," thereby enriching his financial portfolio.

Davidson's engagement in a multitude of film ventures, encompassing leading performances, executive production, and co-authoring, has emerged as a substantial catalyst for financial prosperity. Additionally, his extensive acclaim has paved the path for profitable endorsements and sponsorships with renowned corporations such as Adidas and Trojan amongst others.

Also Read: How tall is Pete Davidson?

Pete Davidson’s Sources of Income

Source: Pete Davidson’s Facebook

Saturday Night Live

Pete Davidson reportedly earned a salary of $15,000 per episode for his work as a cast member on "Saturday Night Live" (SNL).

This is a standard rate for a first-year cast member on the show. However, as Davidson has been on the show since 2014, he would now be earning a higher rate. It's not publicly known how much he currently earns per episode, as SNL has not released official salary information for its cast members.

In addition to his salary, Davidson has also earned bonuses for his work on the show, such as for writing sketches or appearing in popular sketches that get high ratings. However, Davidson left SNL in 2022 after lengthy absences in season 47.

Stand-up comedy

Pete Davidson has earned a significant income from his stand-up comedy career. While specific figures are not publicly available, comedians typically earn money through ticket sales for their live performances, as well as through merchandise sales and DVD/online releases of their specials.

Davidson has performed stand-up comedy at various venues and festivals across the United States, including the New York Comedy Festival and the Just for Laughs Festival in Montreal. He has also released a stand-up special on Netflix called "Alive From New York" and Davidson has a follow-up stand-up special, Turbo Fonzarelli, set to release sometime in 2024.

According to reports, some comedians can earn several hundred thousand dollars or more per year from their live performances and stand-up specials. Given Davidson's success and popularity, it's likely that he earns a significant income from his stand-up comedy work.

Films and TV shows

Source: Pete Davidson’s Facebook

Pete Davidson has also earned income from his work in films and TV shows. While exact figures are not publicly available, actors typically earn money through a combination of upfront fees, residuals, and profit-sharing agreements.

Davidson has appeared in several films and TV shows, including "Trainwreck," "The King of Staten Island," "The Suicide Squad," and "The Dirt." He has played both supporting and lead roles in these projects. Davidson's starring role in "The King of Staten Island," for example, reportedly earned him a seven-figure salary.

Furthermore, his roles, although minor, in Guardians of the Galaxy Vol. 3, Fast X and Transformers: Rise of the Beasts would have also added to his income.

Writing and Producing

Pete Davidson has also earned income from his work as a writer and producer. While he is primarily known for his work as a performer, Davidson has also written and produced some of his own comedy material, and has contributed to the writing of SNL skits and other projects.

As a writer and producer, Davidson may earn fees for his work upfront, as well as residuals or backend payments depending on the success of the project. For example, as a co-writer of the semi-autobiographical film "The King of Staten Island," Davidson likely earned a share of the film's profits in addition to his initial fee.

Additionally, some of Davidson's comedy specials and other projects may have been produced by his own production company, which could also contribute to his overall income.

Brand Endorsements

Pete Davidson has been involved in several endorsement deals throughout his career, which have likely contributed to his overall income. Here are some of his notable brand partnerships:

• American Express: Davidson has been a spokesperson for American Express since 2019, appearing in several TV commercials for the brand.

• Adidas: Davidson has also partnered with Adidas for a few campaigns, including a "Love Unites" campaign in support of LGBTQ+ rights.

• SmartWater: In 2020, Davidson appeared in a Super Bowl commercial for SmartWater alongside actress Jennifer Aniston.

• Trojan Condoms: Davidson starred in a series of ads for Trojan Condoms in 2019, promoting safe sex.

• Skyy Vodka: In 2018, Davidson appeared in a commercial for Skyy Vodka alongside actor Michael B. Jordan.

While specific figures are not publicly available, celebrity endorsement deals can be lucrative, with some reports indicating that A-list celebrities can earn millions of dollars per year for their partnerships with brands. Davidson's partnerships with these brands likely helped to boost his income and visibility as a public figure.

Expenditure

Source: Pete Davidson’s Facebook

Investment in the Staten Island Ferry

Pete Davidson's most interesting recent personal investment was in the Staten Island Ferry, which he purchased along with fellow SNL cast member Colin Jost. The decommissioned and abandoned ferry is a famous Staten Island landmark and cost them $280,100. Although the ferry cannot start or move on its own, Davidson's acquisition of it is now a point of pride for one of the region's most famous citizens.

Engagement ring for Ariana Grande

During his engagement to Ariana Grande, Davidson splurged $93,000 on her engagement ring, which was specially commissioned by a highly respected New York jeweler, Greg Yuna. It took Yuna nearly two weeks to complete the ring design, which was a symbol of their brief but intense romance.

Luxury vehicles

Despite not being a car enthusiast, Davidson owns a couple of luxury vehicles, including a Mercedes S-Class that cost him nearly $111,700 and an ultra-expensive Mercedes G-Wagon that set him back $131,600. Unlike some celebrities who flaunt their cars on social media, Davidson has publicly declared that he doesn't care much for cars, but his ownership of these high-end vehicles suggests otherwise.

Real Estate Assets

In 2019, Davidson purchased a $1.3 million apartment in the Chelsea neighborhood of Manhattan. The one-bedroom apartment features floor-to-ceiling windows, a gourmet kitchen, and a large living area. He also owns a second apartment in the same building, which he reportedly uses as a workspace and production studio.

In addition to his New York properties, Davidson also owns a home in Malibu, California, which he purchased in 2020 for $4.5 million. The 3,200 square foot house features four bedrooms, four bathrooms, and ocean views.

Davidson has also purchased real estate in his hometown of Staten Island. In 2020, he reportedly paid $1.2 million for a home in the Eltingville neighborhood. The 4,000 square foot house features six bedrooms, six bathrooms, and a large backyard.