Facts of Jimmy Swaggart Networth
|Birth Name||Jimmy Lee Swaggart|
|Birth City||Ferriday, Louisiana|
|No Of Children||1|
|Date of Birth||March 15,1935|
|Married Date||October 10,1952|
How Much Is The Net Worth Of Jimmy Swaggart?
Jimmy Swaggart, an American Pentecostal evangelist made his journey through poverty to million dollars. Swaggart initially used to record for gospel music and later become an evangelist that has blessed him $10 million fortune.
Well, his weekly programs Jimmy Swaggart Telecast and A Study in the Word are broadcasted worldwide, that played a vital role in his net worth growth along with fame. Moreover, Jimmy currently aids earnings with his ownership of SonLife Broadcasting Network. Grab details on the evangelist’s income, expenses & assets.
Net Worth & Income Sources: Million Dollars Earnings
The main source of Jimmy’s income is his career as an evangelist and worldwide broadcasted TV programs. Also, his college Jimmy Swaggart Bible College earned him a wide range of money, though meanwhile, the institution is seeking accreditation.
As of March 2019, Jimmy Swaggart owns the net worth of $10 million. For a fact, his evangelist career startup has reach over 60 years, so it’s obvious that Swaggart earnings count in millions.
No doubt, as the owner of SonLife Broadcasting Network, his net worth is likely to increase even more in the future.
Well, back in 1987, at the peak of his power, the American evangelist made $150 million per year for the church.
Moreover, as reported, out of the $150 million gross, the net amount of $135 million was from his TV ministry, inclusive of show paycheck and fund contribution.
Swaggart’s TV Ministry: $600,000 A Day Envelope
While the mail was very popular in the late 80s, it went to become the greatest source to flourish Jimmy’s evangelism career.
Upon the money appeal of Jimmy via his TV ministry, million mails enveloped with funds began to shower. As per sources, the mailroom of Jimmy Swaggart's World Ministry Center received around 4.22 million mails in 1986.
The ministry, reportedly used to make $156 million per year turning $600,000 per workday. In 1985, the annual revenue was $120 million.
Evangelism Money Showers to Family Members
Did you know that back in the late 1980s more than 22 of Swaggart's direct family members were associated with Church employment?
For a fact, Jimmy’s son Donnie was director of marketing and development, wife Frances worked as department supervisor and Frances' sister was Jimmy’s secretary.
Well, the church had set $11.5 million to compensate salary of 1200 employees of the church.
While, as per LA Times’ report in 1988, Jimmy Swaggart’s family members would take $350,000 from the salary budget.
Brief Story From Poverty to Millions
Until early 1950, Jimmy Swaggart used to live in poverty, as per his autobiography. At that time, his family was compelled to live on $30 (U.S) a week (an equivalent of $270 in 2018).
Then, the whole scenario began to change after Jimmy agreed to work as an evangelist in 1955 and later began radio ministry in 1962. His radio show was telecasted to over 3,000 stations and cable systems.
Later in 1971, the ministry moved to TV, followed by the launch of weekly programs like Jimmy Swaggart Telecast and A Study in the Word. At the moment, Jimmy’s family owns millions of dollars.
Fun Fact: While Jimmy struggled with poverty, the same time, his cousin Jerry Lee Lewis earned $20,000 per week with his deal with the Sun Records.
Assets, Charity, Endorsement & Expenses
Well, the reports on Jimmy’s endorsement is not out.
Currently, Jimmy Swaggart lives with his wife in their house in Baton Rouge, Louisiana (LA), US.
The property featuring two-story columns and its swimming pool is spread on 20 acre, which was valued at $1.5 million in 1988, which is nearly $3 million in 2019. Also, Jimmy’s son Daniel’s nearby house valued $726,000 at that time.
As reported, Swaggart took $1.8 million loan from the ministry to build the property.
Also, Jimmy owned Lincoln town cars, which can cost anywhere from $1,140 to $19,936. Since he lives a low-key life, the detail on his other expenses is not out.
But of course, Swaggart’s house in Lousiana seeks him 0.536% property tax, i.e, $16,000 and the insurance premium of around $1,145 per year.
In addition to that, Jimmy also pays a huge amount of income tax, that seeks 37% Federal tax of Jimmy and also for all, those with over $1 million annual income.
He is also involved in many charitable works.
Jimmy Swaggart’s Personal Details: Married Life, Wife & Children
Jimmy Lee Swaggart was born on March 15, 1935, in Ferriday, Louisiana, the U.S. He holds American nationality and is of white ethnicity. As of March 2019, Swaggart’s age is 84.
Marriage And Children
He is married to his wife Frances; they married on October 10, 1952, while Swaggart was 17 and Frances was 15. They met while Jimmy used to play in the church with his father.
The couple shares only one child, son Donnie, born October 18, 1954. Donnie is married to wife Gabriel; both are preachers. Reportedly, Jimmy Swaggart has 3 grandchildren and 8 great-grandchildren.
Throughout his life, Jimmy has been implicated with 2 sexual scandals with prostitutes. The first incident held in 1988 and the second incident was on October 11, 1991.
Swaggart was pulled over by the police after his presence in the company of a prostitute.
Thus, he had to temporarily step down as the head of Jimmy Swaggart Ministries.
Age And Height
Jimmy is at the age of 84 (2019) and stands tall at the height of 5'7″ or 170cm.