Highlights
- Joel Osteen is known to wear expensive, well-tailored suits to maintain his professional image.
- Victoria Osteen enjoys shopping sprees and has an affinity for the finer things in life.
- Joel and Victoria Osteen employ a full staff at their church and may own a private jet and yacht.
Over the years, Joel Osteen has managed to become one of the most famous televangelists in the world by far. After all, Osteen has millions of followers, and stars like Kanye West, Mariah Carey, Tyler Perry, Jimmy Fallon, Kristen Chenoweth, and Oprah Winfrey have defended him.
As a result of all that success, Osteen has become one of the richest American pastors and reportedly generates around $70 million in profit each year. With that figure in mind, along with Osteen's $100 million net worth, how does the high-profile pastor spend his cash?
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Updated January 2024: Joel Osteen has yet to reveal how he spends any of his multi-millions. While he and wife, Victoria Osteen dress to impress consistently and own a lavish house, there are not any other indications of what the Osteen money is spent on. There is speculation, of course, and some of that speculation has been debunked. But without any facts straight from the Osteen camp, where the money goes will remain a mystery.
8 Joel Osteen Appears To Buy Expensive Suits
Joel Osteen's suits are well-tailored and expensive
- How much Osteen spends on his suits has not been disclosed
Like all other TV stars, Osteen needs to present himself in a certain way for the masses to take him seriously and for network executives to keep him on the air.
As a result, Osteen can (almost) always be seen wearing well-tailored suits, and anyone who understands fashion will know his clothes must cost a lot of money; his clothes budget has to be massive.
Joel Osteen has teased Victoria Osteen about her spending in his sermons
- What Victoria likes to shop for has not been disclosed
Joel has a documented history of poking fun at Victoria’s spending habits in his sermons, according to People. Given the fortune that the two have, it is not surprising that Victoria likes some of the finer things in life.
While there have been plenty of Victoria-Joel divorce rumors, it doesn't seem like his wife's shopping addiction is actually a marital problem.
6 Joel And Victoria Osteen Have A Full Staff
The Lakeview Church has a staff of 112
- Staff is both part-time and full-time at Lakeview Church
Part of the Osteens' expenditures involves paying their church staff. The church reportedly has about 112 employees. How many are part-time and how many are full-time has not been disclosed.
Joel is also said to have staff working at his home.
5 Joel Osteen's Rumored Jet
Joel Osteen flies in style with a jet
- It has never been confirmed whether Osteen owns a jet or if the jet belongs to the church
Multiple sources suggest that the Osteens own a private jet, with an airplane enthusiast site stating that Joel owns an Airbus 319.
However, other sources claim that the jet belongs to the church and that "Osteen uses it as a trustee."
Whether he owns or charters a private jet, it's likely that the TV pastor pays a lot for in-air transportation.
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4 Does Joel Osteen Own A Yacht?
Joel Osteen seemed to confirm in 2021 that he owns a yacht
- Osteen did a sermon in 2021 where he spoke about owning a yacht
Since Joel Osteen has a lot of detractors, it shouldn’t surprise anyone that some pretty outrageous claims have been made about him. A Washington Post article claimed that Osteen has “his yachts and jets.”
In 2021, Osteen seemed to confirm that he owned a yacht during one of his sermons.
"It's easier for a camel to pass through the eye of a needle than for a rich man to enter heaven," Osteen explained. "Don't worry. I have a brand new yacht designed just for that purpose!"
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Osteen went on to say, "If you want to enter the kingdom of heaven as healthy and wealthy as I am, name and claim yourself a yacht today! You need to buy your own because there's only room enough for me on there. If you can't afford it, don't worry too much. Just focus on what you do have!"
3 Joel Osteen’s Expensive Cars
Joel Osteen likes to drive in expensive cars
- How many expensive cars Osteen has has not been disclosed
In the years since Joel Osteen rose to fame, he has notably been completely unapologetic about his wealth. With that in mind, it shouldn’t come as a surprise to anyone that he has received a lot of criticism for how he spends his money and some of it hasn’t been well-founded.
For example, after reports that Osteen owns a $325,000 Ferrari surfaced online, Snopes fact-checked and labeled them “miscaptioned.”
Snopes pointed out, "It certainly seems possible that Osteen has purchased an exotic car (or two), but so far these reports are not verified."
2 Joel Osteen’s Houston Home Is Worth $10 Million
Joel Osteen purchased his Texas home for $10 million
- Osteen's house is worth $14 million to $16 million today
According to reports, Osteen paid $10.5 million in 2010 for a Houston home that is extravagant, to say the least. Said to be 5,600 square feet in size, Osteen’s home reportedly has six bedrooms, six bathrooms, three elevators, a pool house, and a one-bedroom guest house.
As of 2024, the home is estimated to be worth $14 million to $16 million, according to Celebrity Net Worth.
Of course, based on how cagey the details about Osteen’s spending seem to be, it isn’t clear if the reports about his home are accurate.
1 Private School For His Kids (And College?)
Jonathan and Alexandra Osteen had their choice of colleges when they went to school
- Jonathan and Alexandra both went to the University of Texas at Austin
Given the Osteen family's high net worth and notoriety, it only makes sense that their two kids attended private school.
Both Jonathan and Alexandra are adults now, but it's likely that both attended private school and college on their parents' dime. With a $100 million net worth, there's no way the Osteen kids qualified for financial aid to go to school at the University of Texas at Austin, though it's possible they earned scholarships.
Source: Washington Post, Celebrity Net Worth, People
