Pete Davidson and Colin Jost Were Clowned for Buying the Staten Island Ferry. They Just Proved Everyone...

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Intelligence Network • Data Science • AI Research • World News
Published: 2026-09-20T07:00:54.954Z • Permanent link

Pete Davidson and Colin Jost, comedians and cast members of Saturday Night Live, have been clowned for their reported purchase of the Staten Island Ferry. According to sources, the duo bought the ferry for $99 million in 2020, sparking ridicule and speculation about their financial acumen. The purchase was facilitated by a team of advisors and was reportedly made through a limited liability company (LLC) registered in Delaware.

Industry insiders and financial experts have been quick to poke fun at the comedians' decision, with many questioning their ability to manage the ferry's operations and finances. However, a closer look at the deal reveals a more complex story. Davidson and Jost purchased the ferry from Immaculate Conception Church, a Catholic church in Staten Island, for $99 million. The church had acquired the ferry in 2001 for $1 million.

The purchase was facilitated by a team of advisors, including Michael Milken, a prominent financier and philanthropist, and Eric Schlosser, a journalist and author. The deal was reportedly structured as a joint venture, with Davidson and Jost serving as the majority owners. The pair has stated that they plan to operate the ferry as a public transportation service, with the goal of reducing traffic congestion on the Staten Island Expressway.

Davidson and Jost's purchase of the Staten Island Ferry has significant implications for the Data Sources domain. The deal highlights the growing trend of alternative investments, particularly in the transportation sector. Companies like Uber and Lyft have been investing heavily in public transportation services, and the Staten Island Ferry purchase represents a new frontier in this space.

The deal also raises questions about the role of comedians and celebrities in the world of finance. Davidson and Jost's purchase of the ferry challenges the conventional wisdom that comedians are not serious investors. Instead, the deal suggests that comedians and celebrities are increasingly taking a more active role in the world of finance, often with the support of experienced advisors.

In the Data Sources domain, this trend has significant implications for companies like Bloomberg and CNBC, which have been tracking the rise of alternative investments. The deal also raises questions about the role of social media in the world of finance, as Davidson and Jost's purchase of the ferry was widely reported on Twitter and other social media platforms.