In Other Words, How Rich is the HGTV Host, David Bromstad?

Martin

2 years ago

According to Celebrity Net Worth, David Bromstad has a net worth of approximately $2 million. He is a former winner of HGTV’s “Design Star” and the host of series like “My Lottery Dream Home.”

He lucked out, to put it another way. He didn’t win the jackpot, but he did win in a figurative sense. Even Bromstad’s current level of success with movies like “Beach Flip” and “Color Splash” is somewhat unexpected.

Bromstad is a creative thinker who got a job at Disney right out of college because he values both aesthetics and practicality. After some time, Bromstad concluded that the animation industry wasn’t for him and that he’d be happier working in the furniture and interior design industries instead. Briefly said, he ended up on the inaugural season of “Design Star.”

Bromstad is not only an accomplished artist but also a savvy businessman. As a result of his victory on “Design Star,” he launched several businesses that were all highly profitable. How, therefore, did he accumulate such a big fortune? So, why don’t we look into this?

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David Bromstad started in a surprising place

Given the size and profitability of his design firm, one may assume that David Bromstad always planned to focus on interiors. He eventually found his calling, but his road to success was far from smooth. Bromstad has always had an interest in art, particularly in sketching, so he enrolled in Florida’s illustrious Ringling College of Art and Design after graduating from high school.

Based on what he saw on HGTV, he went there with the intention of studying animation and eventually getting a job at Disney. In an interview with The List, he revealed that he had planned to become a Disney animator, explaining that “Disney pulled directly from their illustrators” and that this was his intended major. After six months of college, I knew that animation was not the field for me.

Although it was his starting point and the experience he gained was priceless, the work wasn’t his ideal. Bromstad was hired by Disney and quickly transferred from one division to another. His interest in sculpture blossomed into a lifelong passion for design. However, he eventually took a gamble and submitted an application to HGTV’s newest series, “Design Star” (well, new for 2006, anyway).

David Bromstad Net Worth What Is His Salary In 2022? https://t.co/kDbdtf3lQP

— Lake County Florida News (@HikaruY18) August 28, 2022

He Runs his own Business

If you’re familiar with David Bromstad from his time on HGTV, you might be surprised to learn that he also manages a successful company. Indeed, since Bromstad became famous as the 2006 “Design Star” winner, he has presided over the appropriately called David Bromstad Studio. I’m curious, though, what services Bromstad Studios offers in particular. Basically, he does everything you can think of.

Without a doubt, you can hire Bromstad for an expensive consultation on interior design, but it comes as no surprise. Bromstad and his staff at David Bromstad Studio offer their clients color consultations, furniture layout advice, and a miniature 3D model of the finished product to ensure that they are completely satisfied with the end result.

The firm’s expertise is not limited to interiors alone. They counsel on larger projects and design unique pieces of furniture. Once that happens, the good times may begin. Wallpapers and prints of Bromstad’s designs are for sale on his website.

David Bromstad won big on Design Star

Bromstad, after spending several years in the Disney industry, decided to focus on design. Soon after, Bromstad was cast in the pilot episode of “Design Star,” which he naturally won, as reported by HGTV. How much did he ultimately pocket? A cool $250,000.

The cash prize was helpful for getting his design firm off the ground, but the real value was in the recognition he gained as a result of winning. That’s what helped him land those high-paying endorsement deals with brands, explode his Instagram following, and land him hosting gigs on multiple HGTV series.

This victory still stands out as Bromstad’s favorite memory from his time on HGTV because of how significant it was to him personally. As he said to Entertainment Weekly, “of course if you ask any ‘Design Star’ winner what their best moment is, it would be when they won.” “I didn’t wake up one day and decide, “I’m going to be famous!” When I was younger, I just cared about one thing: making a name for myself in my field. That’s what I wanted, I think.”

David Bromstad makes a lot from HGTV shows

Design Star Season 1 wasn’t the end of David Bromstad’s run on HGTV. Actually, his popularity skyrocketed to the point where people couldn’t get enough of him. Bromstad, after much haggling, signed on with HGTV to host many shows, including “My Lottery Dream Home,” for which he reportedly receives a $500,000 annual income (via One World Information).

Bromstad takes the role of host on “My Prize Dream Home,” where he patiently helps recent lottery winners select and finance their ideal homes. The money is fine, but for Bromstad, there is much more at stake than that. He finds great joy in his work, in interacting with new people, and in bringing joy to others. In 2021, he boasted to The List, “All my winners are excellent.”

Although he enjoys meeting contestants and helping them locate their dream homes, he found that using his design talents on a TV show required some adjustment time. He told the media that he had to learn a new set of skills since “creating for TV and designing for reality is quite different.” I’ve always known we have a high level of skill in our field.

David Bromstad Invests in Real Estate

The best investment, according to everyone who has amassed enough wealth to make it onto a “net worth” list, is property. No, David Bromstad is just like everyone else. Bromstad utilized his prize money and profits from HGTV to buy a magnificent condo in Miami after years of helping others make their own dream-worthy and ideal.

To put it simply, it was a wise financial decision. According to Curbed, in 2016, after spending a lot of time and effort on interior design (because, you know, David Bromstad), he listed the home for a cool $650,000. In the time afterward, Bromstad has apparently relocated to Orlando, among his family and friends.

Is there anything else Bromstad can tell me to increase my chances of being included on one of those wealth lists? The answer is yes, and it’s not to buy frivolous items like lottery tickets with your hard-earned cash. He told the Orlando Sentinel, “I’m too cheap.” In contrast to purchasing a Lotto ticket, I’d rather spend my money on a new pair of shoes.

The HGTV star earns a living from his art

David Bromstad is fulfilling his personal ambition by turning his work into a lucrative career while also assisting others in doing the same. It’s not surprising that he can get a great price on a home, so it’s safe to assume that he can do the same with a major brand.

Bromstad has wisely chosen to sell enormous quantities of mass-produced art to a large number of people rather than a small number of unique works of art at a premium price. David Bromstad claims that in 2011, Bromstad secured a publication contract with Penny Lane Publishing to market and sell his prints. At Art Basel in 2011, Bromstad debuted his own line of furniture, and he has since signed deals with other brands. Recently, though, he has started selling artwork through a partnership with Grandin Road, an arrangement that is sure to net Bromstad a sizable sum of money.

David Bromstad has a side hustle

David Bromstad is working hard to make a fortune on Instagram when he isn’t designing, coming up with ideas for Disney, hosting HGTV shows, or searching for the ideal home for himself. Just checking out his Instagram will show you that Bromstad is well-versed in the art of making money off of the influencer’s trend.

How much does that boost his wealth by, exactly? Since we don’t have access to the reality star’s tax records or a statement on the matter, we can only speculate, but given his enormous fan base, we can safely assume that it’s quite a lot.

Earning potential for influencers on social media is proportional to the number of people who follow them and the level of engagement with their postings. At the time of this writing, Bromstad’s Instagram account had over 300,000. If you believe The Things, that may mean he’s making almost $10,000 for every post.