Net Worth Ranker
What Is Joey Fatone’s Net Worth?
Joey Fatone, the American singer, actor, and television personality, has an estimated net worth of $7 million. This valuation reflects his diverse career spanning music, film, television, and entrepreneurial ventures. His primary claim to fame is his membership in the boy band *NSYNC, which achieved massive commercial success in the late 1990s and early 2000s.
Early Career and *NSYNC’s Impact on Joey Fatone Net Worth
Joseph Anthony Fatone Jr. was born on January 28, 1977, in Brooklyn, New York. His family relocated to Orlando, Florida, when he was thirteen. After graduating from Dr. Phillips High School, Fatone began working as a performer at Universal Studios in Orlando. This early exposure to performance laid the groundwork for his future career.
In 1995, Fatone joined *NSYNC alongside Chris Kirkpatrick, Justin Timberlake, JC Chasez, and later, Lance Bass. *NSYNC’s debut single, “I Want You Back,” was released in Germany on November 18, 1996. Their self-titled debut album followed in May 1997. The band’s second album, “No Strings Attached” (2000), sold over one million copies in a single day and set a record by selling 2.42 million copies in its first week. “Celebrity,” their third album, was released in 2001 and featured hits like “Bye Bye Bye,” “Pop,” and “It’s Gonna Be Me.”
NSYNC’s remarkable success, marked by over 70 million records sold globally and multiple Grammy Award nominations, significantly contributed to Joey Fatone’s initial wealth. The band’s performances at major events like the World Series, Super Bowl, and the Olympic Games, coupled with collaborations with artists such as Elton John and Michael Jackson, amplified their reach and revenue. While specific details regarding Fatone’s individual earnings from *NSYNC aren’t publicly disclosed, royalty splits and tour revenue would have been significant.
Acting, Hosting, and Reality TV Contributions to Joey Fatone Net Worth
While still with NSYNC, Fatone made his acting debut in the Miramax film “On the Line” (2001), alongside bandmate Lance Bass. Following *NSYNC’s hiatus, Fatone continued acting, appearing in “My Big Fat Greek Wedding” (2002) and its sequel, “My Big Fat Greek Wedding 2” (2016), as Toula’s cousin Angelo. He also reprised the role in the spin-off television series “My Big Fat Greek Life.” Other film credits include “The Cooler” (2003), “Red Riding Hood” (2006), and “Homie Spumoni” (2006).
Fatone’s transition into television hosting further diversified his income streams. He hosted NBC’s “The Singing Bee” (including the Australian version) and “Celebrity Circus” (2005). He also hosted the Live Well Network series “My Family Recipe Rocks.” From 2010 to 2015, he served as the announcer for Steve Harvey on “Family Feud.”
Reality television appearances also boosted his visibility and earnings. He competed on “Dancing with the Stars” in 2007, finishing second with partner Kym Johnson. In 2019, he appeared on “The Masked Singer.” In 2012, Fatone was a celebrity contestant on the Food Network reality series “Rachael vs. Guy: Celebrity Cook-Off.” The specific amount earned from these television appearances is not public, but celebrity contestants on shows like “Dancing with the Stars” can earn significant appearance fees, especially when placing high in the competition.
Entrepreneurial Ventures and Investments
In September 2016, Fatone opened his own hot dog restaurant, Fat One’s, in Orlando, Florida. In 2017, he began selling his hot dogs on the Home Shopping Network (HSN). While the financial details of Fat One’s are not publicly available, owning and operating a restaurant involves considerable investment in real estate, equipment, and inventory. Success in the restaurant industry can contribute significantly to an individual’s net worth through profits and potential franchise opportunities. Similarly, selling products on HSN can provide a substantial revenue stream, with earnings based on sales volume and profit margins.
Real Estate Holdings
In 1999, Joey Fatone completed construction on a 12,300 square foot mansion on a 4.3+ acre property in Orlando, naming it Grande Oaks. He listed this custom-built mansion for just under $6 million in 2009 and eventually sold it for $3.3 million in August 2011. While this sale represented a loss compared to the initial listing price, the $3.3 million sale significantly contributed to his overall net worth at that time. The initial investment in constructing the mansion, coupled with its eventual sale, reflects both significant assets and potential fluctuations in real estate values.
Personal Life and Divorce Settlement
Fatone married Kelly Baldwin in September 2004, after an on-again, off-again relationship that began in high school. They filed for divorce in 2019. As part of the divorce proceedings, Joey reported a monthly income of $38,000 and agreed to pay Kelly approximately $8,000 per month in spousal and child support. These financial details provide insights into his income level at the time of the divorce and his ongoing financial obligations.
Detailed Analysis of Joey Fatone Net Worth Components
To provide a clearer picture of Joey Fatone’s $7 million net worth, it is important to consider the various components:
Music Royalties and *NSYNC Earnings: While specific figures are undisclosed, income from *NSYNC album sales, streaming revenue, and royalties continues to contribute to his net worth. Given *NSYNC’s massive success, these royalties are likely to be a consistent source of income.
Acting and Voice Acting Roles: His appearances in films like “My Big Fat Greek Wedding” and voice acting roles in shows like “Robot Chicken” generate income through salary and potential residuals. The exact figures vary depending on the role and project budget.
Television Hosting: Hosting gigs on shows like “The Singing Bee” and “My Family Recipe Rocks” provide a steady income stream. Celebrity hosts can command significant fees depending on the show’s popularity and network.
Reality TV Appearances: Participating in shows like “Dancing with the Stars” and “The Masked Singer” results in appearance fees. High-profile contestants can earn substantial amounts, especially if they advance far in the competition.
Entrepreneurial Ventures: The success of Fat One’s and sales on HSN can generate significant profits, though the financial details are not publicly available. The restaurant industry can be challenging, but a successful venture can contribute substantially to net worth.
Real Estate: While he sold his Orlando mansion for $3.3 million in 2011, the initial investment and subsequent sale impact his overall financial standing. Real estate can be a valuable asset, but market fluctuations can affect its value.
Investments: Details about specific investments are not public, but it is likely that Fatone has diversified his income through investments in stocks, bonds, or other assets. Investment income can be a significant component of net worth over time.
Comparison with Other *NSYNC Members
While Joey Fatone’s estimated net worth is $7 million, it’s insightful to compare it with other members of *NSYNC. Justin Timberlake, for instance, has a significantly higher net worth due to his successful solo career and various business ventures. Lance Bass also has ventured into producing and space tourism training, JC Chasez has written and produced for other artists and Chris Kirkpatrick has collaborated with various artists. Understanding where his net worth stands in relation to his former bandmates provides a broader context.
Joey Fatone’s $7 million net worth is a testament to his multifaceted career. From his initial success with *NSYNC to his ventures in acting, hosting, reality TV, and entrepreneurship, Fatone has diversified his income streams and built a solid financial foundation. While specific financial details of his various ventures are not always publicly available, the combination of these activities has contributed to his current net worth.
