Ty Pennington is a television host, carpenter and home improvement expert who has amassed quite the net worth in his diverse entertainment career. He’s perhaps most famous as the energetic host of “Extreme Makeover: Home Edition.” Pennington’s TV success along with his skills as carpenter and designer have made him a big name in home improvement and lifestyle media.
Background and Early Life
Ty Pennington was born on 19 October 1964, in Atlanta, Georgia. He was brought up by his mother, Yvonne Burton, a child psychologist. His interest in building and design started in childhood. Pennington and his elder brother, Wynn, had their mother encourage them to be creative.
Pennington had his natural abilities but his early years were not without challenges. Attention Deficit Hyperactivity Disorder (ADHD) affected his academic performance and he had problems concentrating in school. But his mother supported and understood him and helped him find other productive pursuits – arts and building projects. Pennington moved on to Kennesaw State University and after that the Art Institute of Atlanta for a degree in graphics design. He studied hard and gained experience in the entertainment and home improvement industries.
Ty Pennington’s Net Worth
As of the latest estimates, Ty Pennington’s net worth is approximately $12 million. This wealth has been accumulated through the following;
Television Career and Earnings
Ty Pennington makes his living mainly through his television career. His first national success was as a carpenter on the TLC show “Trading Spaces.” But it was his role as host of “Extreme Makeover: Home Edition” that made him famous. Pennington led a team of designers and volunteers renovating homes for deserving families from 2003 to 2012. He made the show a huge success and became a fixture in American homes.
Endorsements and Product Lines
Ty Pennington has also done endorsements and product lines. He has developed and promoted home improvement products with brands including Sears & Howard Miller. Such endorsements increased his visibility and created additional streams of income. Pennington was a good spokesperson for the brands through his design and carpentry skills and his product development work.
Books and Speaking Engagements
Ty Pennington also writes besides television and endorsement work. He’s authored a few books on design and home improvement, including “Ty’s Tricks: Home Repair Secrets plus Cheap and Easy Projects to Transform Any Room.” Such publications have bolstered his income and made him a home improvement guru.
In addition, Pennington speaks frequently at home and garden shows, industry events and conferences. His engaging personality and knowledge of home improvement makes him a popular pick for these events which provide another income stream.
Real Estate Investments
Like most successful television personalities, Ty Pennington has bought real estate. His background in design and construction has certainly informed his investment decisions, allowing him to accumulate wealth through property ownership and development.
Pennington also has given back through various charitable efforts. These philanthropic efforts also have kept him in public and added to his legacy.
Conclusion
Ty Pennington’s net worth reflects his work in television, endorsements, writing and real estate. Pennington turned his early struggles with ADHD into a household name in home improvement. His work in the industry and his charity has made him rich but also have made him popular with fans worldwide.
