5 Financial Secrets of Jimmy Kimmel: Spending, Investments, and Net Worth
Jimmy Kimmel is a renowned American comedian, television host, writer, and producer. He has been in the entertainment industry for decades and has amassed a great deal of wealth. However, despite his success, Kimmel has managed to keep his financial secrets close to his chest. Today, we’re going to uncover some of the financial secrets of Jimmy Kimmel.
Spending Habits
According to reports, Jimmy Kimmel has an estimated net worth of $50 million dollars. With that kind of wealth, one would expect extravagant spending habits. However, Kimmel seems to be quite frugal when it comes to his spending. In an interview with Wealthsimple, Kimmel revealed that he still drives a 15-year-old Ford Taurus. He also mentioned that he doesn’t own any expensive cars or yachts. Instead, Kimmel prefers to spend his money on experiences, such as travel and attending live events.
Investments
Despite his frugal spending habits, Kimmel knows how to invest his money wisely. In 2016, he invested $20,000 in the cryptocurrency, Bitcoin. At the time, Bitcoin was trading at around $2,000 per coin. Kimmel saw the potential in Bitcoin and decided to take a chance. His investment paid off handsomely, as the price of Bitcoin skyrocketed to over $19,000 by the end of 2017. Kimmel’s $20,000 investment turned into over $400,000 in just over a year.
Real Estate
Kimmel has also been smart with his real estate investments. In 2009, he purchased a home in Hollywood Hills for $6.5 million dollars. The property boasts five bedrooms, six bathrooms, and stunning views of Los Angeles. Kimmel later sold the property in 2018 for $8 million dollars, making a tidy profit of $1.5 million dollars. Kimmel also owns a beachfront property in Hermosa Beach, which he purchased for $7 million dollars in 2018.
Philanthropy
Kimmel is known for his philanthropic efforts. In 2017, he used his platform on “Jimmy Kimmel Live!” to advocate for affordable healthcare in the United States. Kimmel’s son was born with a congenital heart defect, which required surgery. During his monologue, Kimmel spoke about the importance of affordable healthcare and called on Congress to take action. Kimmel’s heartfelt message went viral and sparked a national conversation about healthcare. Kimmel has also donated to various causes over the years, including St. Jude Children’s Research Hospital and the ASPCA.
Side Hustles
In addition to his work on television, Kimmel has also dabbled in various side hustles over the years. In 2018, he created a line of children’s books called “The Serious Goose.” The book features whimsical illustrations and a simple message: “Don’t be too serious.” Kimmel donated all of the proceeds from the book to children’s hospitals across the United States. Kimmel has also lent his voice to various animated films and television shows, such as “The Boss Baby” and “Robot Chicken.”
Kimmel has come a long way since the days when he was grinding low-paying jobs early on in his career. “We moved across the country and I would work from four in the morning til around 11 in the morning, and at the time my ex-wife worked too,” Kimmel said. “So I’d pick Katie up from daycare as quickly as I could because we couldn’t afford the $5 an hour to keep her there longer.”
He did add, though, that raising kids when having a massive net worth isn’t the easiest. “Raising kids with money is a tricky thing,” Kimmel said. “You don’t want to just hand them everything. I don’t know the best way to go about it. I’ve concluded that pretending you don’t have money is not the best way, because kids aren’t stupid.”