Net Worth Ranker
What Is Ty Pennington’s Net Worth?
Ty Pennington, an American television personality, carpenter, author, and designer, has accumulated a net worth of $4 million. This sum reflects his diverse career, including his prominent roles in television shows, endorsements, and entrepreneurial ventures.
Career Highlights and Earnings
Pennington’s career gained momentum with his role as a carpenter on TLC’s “Trading Spaces” from 2000 to 2003, a show that significantly boosted his visibility. He returned to “Trading Spaces” in 2007. His next major role arrived in 2003 when ABC chose him to host “Extreme Makeover: Home Edition.”
Pennington’s salary for each episode of “Extreme Makeover: Home Edition” was $75,000. The show, initially planned as a 13-part special, became a long-running success, spanning nine seasons and transforming over 200 homes until its conclusion in 2012. The show’s popularity led to a lucrative endorsement deal with Sears, who sponsored the show and frequently featured Pennington in their advertising campaigns.
In 2008, during his time with “Extreme Makeover: Home Edition,” Pennington also hosted “Ty’s Great British Adventure,” where he collaborated with communities in England to revitalize parks and public spaces.
After “Extreme Makeover: Home Edition” ended in 2012, Pennington joined the lifestyle-based talk show “The Revolution” on ABC, which was canceled after six months. He made a return to television in January 2021 with HGTV’s “Ty Breaker,” which focuses on helping families redesign their homes. In March 2021, he also began hosting the second season of HGTV’s renovation competition series “Rock the Block,” and he continued in this role for the third season in 2022.
Pennington’s modeling career began during his final semester at the Art Institute of Atlanta. He worked with brands such as J. Crew, Swatch, Sprite, Diet Coke, Levi’s, Macy’s, and Bayer, allowing him to travel internationally to locations like Japan, Thailand, Italy, Canada, and Germany.
In addition to his television career, Pennington has authored two books: “Ty’s Tricks: Home Repair Secrets Plus Cheap and Easy Projects to Transform Any Room” (2003) and “Good Design Can Change Your Life: Beautiful Rooms, Inspiring Stories” (2008). He also launched a quarterly magazine, “Ty Pennington at Home,” in May 2007.
He also served as a spokesperson for Guaranteed Rate, a residential mortgage company based in Chicago, appearing in numerous commercials and advertisements for the lender. In July 2008, Pennington announced a three-year partnership with Marketplace Events, a consumer show organizer for remodeling, home décor, and gardening shows in North America.
Real Estate Ventures
In 2004, Ty Pennington purchased a home in Venice, California, for $1.11 million. Following a complete remodel, he listed the property in December 2020 for $2.8 million. The house was eventually sold in June 2021 for $2.495 million.
Early Life and Education
Born Gary Tygert Burton on October 19, 1964, in Atlanta, Georgia, he later adopted the surname “Pennington” after his stepfather. Pennington attended Sprayberry High School in Marietta, Georgia. He then attended Kennesaw State University, majoring in art and history, taking night courses while working as a landscaper and carpenter during the day. He transferred to the Art Institute of Atlanta, where he earned a bachelor’s degree in graphic design.
Personal Life and Advocacy
Ty Pennington began a relationship with Kellee Merrell in 2020, and the couple became engaged in July 2021. They married on November 27, 2021, in Savannah, Georgia. Pennington has publicly discussed his diagnosis of ADHD at age 17 and has partnered with Shire Plc to raise awareness about ADHD in adults, promoting the use of Vyvanse for treatment.
