Pete Davidson’s Allegedly Strapped For Cash After New Baby Announcement (And The Staten Island Ferry Brouhaha Doesn’t Help)

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Regardless of how substantial someone’s wealth may be, there will always be some reason or another that they feel their funds are insufficient. This seems to be the case for Pete Davidson, the comedian set to appear in three different films released in 2025, who reportedly needs to sort out his finances before welcoming his first child with actress and model Elise Hewitt.

Although Davidson himself hasn’t publicly addressed this financial matter, according to a report by The U.S. Sun, there are allegations from an insider suggesting that the veteran of Saturday Night Live is experiencing issues with underperforming investments, leaving him financially strapped and in need of additional funds, as per the source.

He’s spent an enormous amount of his wealth, but the income isn’t flowing as abundantly as before… Currently, he owns multiple properties, yet he has failed to find a buyer for the high-end Staten Island condo he initially listed for sale in 2022.

The individual hailing from Staten Island is known for frequently showing pride in his hometown, both in his personal and professional endeavors. Some real estate acquisitions he’s made, however, haven’t turned out as favorably as he may have hoped.

Back in late 2020, the previously mentioned condo was his first purchase following his move out of his mother’s house. He initially listed this unit for sale at a price of $1.3 million, which was approximately $100,000 higher than what he originally paid for it ($1.2 million). Despite dropping the price in 2023 as part of another attempt to sell, he didn’t have any luck, eventually taking it off the market until early 2025.

Davidson’s property was reduced in price twice more, ultimately reaching a $1.07 million asking price, yet failed to attract any offers. At present, it is no longer available for sale, but there’s a strong possibility it may reappear on the market eventually.

Pete Davidson’s Other Alleged Property Woes

It seems the comedian owns three additional properties, one being a Staten Island home bought for his mother in 2017, where he also resides. Reportedly, Davidson invested significantly in renovating this house to make it ideal. At least this property is occupied and appreciated by someone.

In 2023, after rehab, Davidson also owns a house in upstate New York, where he occasionally resides. It’s said that he and Elsie Hewitt are dividing their time between this house and the brownstone apartment in Brooklyn that he rents.

The Staten Island Ferry And Other Financial Setbacks

Apart from the regular expenses he is paying for stationary items, Davidson is also well-known for being a co-owner of a ferry boat. In 2022, he and Colin Jost invested approximately $280,000 in this boat. They have plans to renovate it completely and lease it to potential renters, but these efforts have been repeatedly halted, causing ongoing costs to accumulate.

Moreover, it is rumored that the comedian often chooses to travel privately, and these journeys typically include significant additional expenses as well.

It’s highly probable that there’s a ray of hope at the end of the (ferry) tunnel, as an inside source indicates that the actor is more sought-after than ever. This could ensure he has plenty of roles coming up to maintain his financial stability before the arrival of his first child.

It’s fortunate that during this period, Pete Davidson’s career is particularly bustling with movies, sponsorships, and international comedy tours. There seems to be quite an interest among many individuals in being associated with him.

In the event that a live-action Baby Shark movie comes along, I could potentially find myself expressing my thoughts about being involved. Perhaps I might even manage to kickstart a film project featuring a Baby Staten Island Ferry – metaphorically speaking, of course.

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2025-08-25 20:39