David Bromstad is one of the most recognized home designers in the world, thanks to his numerous appearances on HGTV and his long-running show My Lottery Dream Home. Known for his eclectic designs and engaging on-screen personality, Bromstad has amassed a $10 million net worth as of 2024.
His wealth is primarily driven by his career as a TV personality, designer, and successful real estate investor.
Early Life and Career Beginnings
David Bromstad was born on August 17, 1973, in Cokato, Minnesota, and from a young age, he demonstrated a passion for art and design.
He pursued this interest by attending the Ringling College of Art and Design in Sarasota, Florida, where he earned a degree in Design and Fine Arts.
Bromstad’s breakthrough came in 2006, when he won the inaugural season of HGTV’s reality competition show Design Star. This win launched his career in television and earned him the opportunity to host his own show, Color Splash, where he showcased his innovative design ideas.
Over the years, Bromstad’s popularity grew, and he became a fan favorite, particularly for his work on My Lottery Dream Home, where he helps lottery winners find their dream homes.
David Bromstad’s Biography
| Name | David Bromstad |
|---|---|
| Born | August 17, 1973 |
| Occupation | TV Host, Designer |
| Net Worth | $10 million (2024) |
| Annual Earnings | $1.4 million |
| Notable Shows | My Lottery Dream Home, Color Splash |
| Real Estate | $8 million in properties |
| Cars | Lamborghini, Porsche, Ferrari |
David Bromstad’s HGTV Salary and Earnings
David Bromstad has enjoyed significant financial success from his long-standing career with HGTV. As of 2024, Bromstad earns $70,000 per episode of his shows.
With over 50 houses designed and numerous TV appearances, his total income from design and television shows alone exceeds $12 million.
David Bromstad’s Income Breakdown (2024)
| Source of Income | Annual Earnings | Total Net Worth Contribution |
|---|---|---|
| HGTV Salary (Per Episode) | $70,000 | $10 million |
| House Designs (Per Project) | $350,000 | |
| Real Estate Investments | $8 million | |
| Lifetime TV Income | $12 million |
David Bromstad’s Real Estate Investments
One of the key factors contributing to David Bromstad’s wealth is his real estate investments. Over the past decade, Bromstad has bought, renovated, and sold more than 15 luxury properties, earning a total profit of $8 million.
He has successfully capitalized on his design expertise by transforming homes and selling them for substantial profits.
Real Estate Purchases
In February 2024, Bromstad and his partner Samuel made headlines when they purchased a 4-bedroom property in New York for $3.9 million.
They invested an additional $500,000 in renovations, adding features like a home theater and a snooker room, increasing the property’s value significantly.
Florida Mansion
Bromstad also owns a 5,000-square-foot luxury mansion in Florida, which he bought for $2.6 million. The home features five bedrooms, six bathrooms, and both indoor and outdoor pools.
The property is elegantly designed, with blue and white interiors, reflecting Bromstad’s signature style.
Despite taking out a $1 million mortgage from JPMorgan to finance the purchase, the value of this mansion has steadily increased, making it one of Bromstad’s most valuable assets.
David Bromstad’s Real Estate Holdings (2024)
| Property Location | Purchase Price | Current Estimated Value |
|---|---|---|
| New York Apartment | $3.9 million | $4.5 million |
| Florida Mansion | $2.6 million | $3.2 million |
| Additional Properties (15) | N/A | $8 million total profit |
David Bromstad’s Financial Struggles in the Stock Market
While David Bromstad has enjoyed tremendous success in real estate, his stock market investments have been less fortunate.
According to his tax documents, Bromstad lost over $600,000 in stock trading over the past five years, significantly denting his wealth.
After experiencing these losses, Bromstad decided to exit the stock market entirely, choosing instead to focus on more tangible investments, like real estate. His decision has proven to be wise, as his real estate ventures have generated consistent profits.
David Bromstad’s Car Collection: A Taste for Luxury
David Bromstad has an impressive luxury car collection, reflecting his success. His most recent purchase is a $420,000 Lamborghini Urus.
In addition to the Lamborghini, Bromstad owns a fleet of nine luxury cars, showcasing his taste for high-end vehicles.
David Bromstad’s Car Collection (2024)
| Car Model | Approximate Value |
|---|---|
| Lamborghini Urus | $420,000 |
| Porsche 911 | $150,000 |
| BMW X5 | $80,000 |
| Range Rover Evoque | $90,000 |
| Ferrari Roma | $220,000 |
| Nissan GTR | $130,000 |
| Jaguar F-Type | $70,000 |
What’s Next for David Bromstad?
David Bromstad’s career continues to thrive as he remains one of the most popular personalities on HGTV. His design expertise and smart real estate investments have secured him a stable financial future. Bromstad has stated that he plans to expand his real estate portfolio, focusing on luxury homes in high-demand markets like Los Angeles and New York.
With his television career still going strong, Bromstad’s net worth is expected to increase as he takes on more design projects and expands his investments in real estate.
Conclusion
David Bromstad’s journey from a young design student to one of HGTV’s top personalities is a testament to his dedication and talent. With multiple revenue streams from television, design projects, and real estate investments, Bromstad continues to build his wealth.
As he expands his real estate portfolio and explores new opportunities, his net worth is only expected to grow.
David Bromstad's real estate success connects him to personalities like Greg Gutfeld and Jeanine Pirro, both of whom have also built fortunes through smart property investments. Just as Emily Compagno is rising fast in media, Bromstad continues to cement his legacy in design. Dana Perino’s financial savvy, like Bromstad’s, proves that strategic decisions can lead to lasting wealth.
