Irrespective of how a lot cash somebody has, there’ll all the time be one purpose or one other why it is not sufficient cash. Loads of Hollywood celebrities have gone broke and located that out the onerous manner through the years. Loads of others have additionally been the topic of going broke rumors, which is what funnyman Pete Davidson is at present experiencing. Regardless of being the star of three completely different 2025 film releases, a rumor is swirling that claims he is in want of getting his monetary geese in a row forward of getting his first baby with actress and mannequin Elise Hewitt.
This pecuniary challenge hasn’t been immediately addressed by Davidson himself. CinemaBlend spoke to a supply near the actor who vehemently denied there are any monetary points, however that hasn’t stopped the report from The U.S. Solar, which is making its manner across the web. The outlet claims he is at present coping with an array of non-flourishing investments that supposedly have him as strapped as ever for further funds. Here is the quote:
He is blown by a ton of cash, and it is not coming in prefer it used to. . . . He has a ton of houses at this level, and he by no means was in a position to promote the luxurious Staten Island apartment he first put in the marketplace again in 2022.
Clearly, we do not have entry to Pete Davidson’s financial institution accounts, and there isn’t any manner for us to know his precise monetary image. The Solar offers some the reason why he could be in bother, which have some validity too them, however there are additionally loads of causes to consider he is acquired some huge cash pouring in.
The house purchases might or might not have gone nicely. His notorious ferry boat buy positively did not go nicely. However his profession is booming. He is arguably some of the in-demand comedians working In Hollywood, and his profession reveals no indicators of slowing down. He is additionally in TV commercials and about to go on tour, each of which most likely pay very nicely. Let’s break this down.
Pete Davidson’s Alleged Property Woes
The Staten Island native has typically made some extent of repping his stomping grounds in each his private {and professional} lives, together with varied property purchases that some declare have not gone nicely for him.
The apartment, which the Solar referred to, was the one he first bought after transferring out of his mother’s home in late 2020, and it is one he first tried to promote for $1.3 million, round $100K greater than the $1.2 million he purchased it for. In 2023, he dropped the worth in a brand new try and get the property offered, but in addition to no avail, and he ultimately took it off the market once more till early 2025.
Davidson is claimed to have lowered the worth two further instances, going as little as a $1.07 million asking worth, and nonetheless could not get any gives. It is at present not listed, however that can probably change sooner or later.
The slapstick comedian allegedly has three different properties as nicely, which may very well be holding his funds tied up. One is the Staten Island dwelling that he purchased for his mother in 2017 (the place he additionally lived). The insider claims Davidson has put some huge cash into renovating the home to make it as “good” as potential. Not less than that one has somebody residing in it and having fun with it.
In the meantime, Davidson owns one other dwelling away from town in upstate New York, the place he reportedly spent a little bit of his time post-rehab in 2023. It is claimed that he and Elsie Hewitt are splitting their time staying at that dwelling and on the brownstone dwelling that he is renting, which is situated in Brooklyn.
The Staten Island Ferry And Different Monetary Setbacks
On prime of the varied stationary properties he’s at present shelling out cash for, Davidson can also be infamously the co-owner of a ferry boat that he and Colin Jost spent round $280,000 on in 2022. Regardless of ongoing plans to completely renovate the boat and hire it out to events, the duo’s efforts have stalled repeatedly, and never with out prices nonetheless increase.
There are additionally rumors that he likes to flight non-public and reportedly spends a lot on different luxuries.
His Profession Is Booming Although
It is solely a spending downside if you cannot afford it, and there’s purpose to consider Pete Davidson has some huge cash to spend. After leaving Saturday Evening Stay, which he was a star on for a few years, he is mainly completed nothing however work.
To this point this yr, he is starred in a bunch of recent releases together with Canine Man, The Dwelling and the not too long ago launched Choose-Up, which he co-stars in alongside Eddie Murphy. That final Amazon authentic had, by all accounts, large streaming numbers. As well as, he additionally not too long ago filmed How To Rob A Financial institution alongside Superman star Nicholas Hoult.
Throw within the commercials and all the varied media appearances, plus his upcoming tour, and there is now manner he is not bringing in lots of, many hundreds of thousands of {dollars}. There’s lots of people elevating a child on an entire lot much less.
We additionally spoke with somebody near Davidson, who known as any rumors of monetary issues “utterly false.” The supply went on to say he is “doing simply advantageous.”
To Sum Up
Sure, there is a rumor going round about Pete Davidson having cash issues. Sure, he has a child on the best way, and sure, there are causes to consider not each monetary resolution he is ever made has been the wisest in historical past.
However that also does not imply this rumor is true. He is some of the in-demand actors in Hollywood, and whereas a few of his purchases have been extravagant, they do not actually maintain a candle to the craziness another A-listers purchased earlier than they went broke.
This story has been up to date so as to add quotes from the supply near Davidson we spoke to after publication.