Pete Davidson’s $20K Apology Gift to Colin Jost: A Tale of Friendship, Sobriety, and a Floating Comedy Club

When it comes to Pete Davidson, you can always expect the unexpected—whether it’s his whirlwind relationships, his candidness about mental health, or, as it turns out, his grand gestures of apology. Recently, Pete made headlines for gifting his former Saturday Night Live co-star Colin Jost a Cartier watch worth $20,000. The reason? A heartfelt apology for his past behavior before heading to rehab last year.

If you’re wondering what led to this luxurious peace offering, you’re not alone. Let’s unpack this story of friendship, sobriety, and a Staten Island Ferry that’s somehow supposed to become a comedy club.

The Apology That Sparked the Internet

According to TMZ, Pete wasn’t trying to mend a feud—there isn’t one. But after a stint in rehab, he felt the need to smooth things over with Colin, especially since they’ve got a business partnership riding on the line. In 2022, Pete, Colin, and their mutual friend Paul Italia went halfsies (or thirdsies?) on a retired Staten Island Ferry for $280,000. The idea was to transform the decommissioned ferry, named John F. Kennedy, into a floating entertainment venue—think comedy club on water.

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Right now, the ferry is still docked, waiting for a cash infusion to kickstart renovations. Colin even joked about the project being a “giant hole in the water,” draining funds faster than they can raise them. Pete, on the other hand, admitted that he was “very stoned” when they decided to buy the boat. Classic Pete.

So why the Cartier watch? Apparently, Pete wanted to show Colin that he’s taking his sobriety seriously and that he can be a reliable business partner. It’s a pretty pricey way to say “I’m sorry,” but given their net worths, it’s not as wild as it sounds.

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Net Worths and How They Got There

Speaking of net worth, Pete Davidson’s financial standing is estimated at $4 million as of 2025. While he’s best known for his time on SNL (2014–2022), Pete’s branched out into films like Trainwreck (2015), The King of Staten Island (2020), and Meet Cute (2022). His self-deprecating humor and raw honesty about his struggles with mental health have earned him a loyal fanbase. Beyond acting and comedy, Pete’s got a few smart investments—like the Staten Island Ferry project, which, if it gets off the ground (or water?), could turn a decent profit.

Colin Jost, on the other hand, has an estimated net worth of $10 million. As a longtime writer for SNL—he started in 2005—and the co-anchor of Weekend Update since 2014, Colin’s had a steady stream of income. Plus, his various TV and film appearances don’t hurt. There’s also the fact that he’s married to Scarlett Johansson, whose net worth is a jaw-dropping $165 million. While their combined wealth could fund the ferry project ten times over, it seems like Colin’s determined to make this work on his own terms.

A Look at Their Personal Lives

Pete Davidson, 31 as of 2025, has always been an open book. From discussing his borderline personality disorder diagnosis to navigating high-profile relationships—like those with Ariana Grande and Kim Kardashian—Pete’s never shied away from the spotlight. After leaving SNL in 2022, Pete spent time focusing on his sobriety and mental health, which led to his rehab stint last year. His gift to Colin wasn’t just about smoothing things over; it was about proving he’s serious about this new chapter of his life.

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Colin Jost, 42, has managed to keep things a bit more low-key despite being married to one of Hollywood’s biggest stars. He and Scarlett Johansson tied the knot in 2020 and welcomed a son, Cosmo, in 2021. While Colin doesn’t share as much about his personal struggles as Pete, his dry humor and sharp wit make him a fan favorite on Weekend Update.

The Floating Comedy Club: Brilliant or Bonkers?

The Staten Island Ferry project is either genius or completely insane—there’s no middle ground. As it stands, the ferry is still docked, and the trio is working on raising the funds for renovations. The vision is to turn it into a floating comedy club, complete with a bar and live shows. Given Pete’s and Colin’s comedic chops, it sounds like a solid plan—if they can get it afloat, literally.

Colin’s joke about the project being a “giant hole in the water” wasn’t far off the mark. Boats are expensive, and converting a 2,109-ton ferry isn’t exactly a weekend DIY project. But the idea of a floating comedy club docked in Staten Island? That’s so outlandish it just might work.

Why Pete’s Apology Matters

A $20,000 Cartier watch is more than just an apology—it’s a statement. For Pete, it’s a way to show that he’s taking things seriously, both personally and professionally. It’s also a sign that he values his friendship with Colin, even if they aren’t as close as they were during their SNL days.

And let’s be real: with all the buzz around celebrities feuding, it’s refreshing to see a story about a genuine apology and an effort to make things right. Pete’s gesture isn’t just about a watch; it’s about showing growth and a commitment to the people who matter.

Can Friendship Survive a Business Partnership?

Business partnerships between friends can go south fast—especially when there’s a $280,000 ferry involved. But if Pete’s grand gesture is anything to go by, he and Colin have a solid foundation of mutual respect. Their shared history on SNL and their willingness to poke fun at each other (and themselves) suggest that this friendship might just survive both the ferry project and the test of time.

As for the floating comedy club, we’ll have to wait and see if it ever sets sail. But one thing’s for sure: with Pete and Colin at the helm, it’ll be anything but boring.

Here’s hoping the ferry gets its makeover, the friendship stays strong, and Pete’s next apology doesn’t require a second mortgage. 🛳️😎