Kyle Sandilands reveals one-year-old son's shocking bank balance: 'Jealous'

Kyle Sandilands has revealed his one-year-old son Otto's staggering bank balance and admitted he's “jealous” of how much money he has.

Speaking on The Kyle & Jackie O Show on Thursday morning, the shock jock told his co-host Jackie ‘O’ Henderson that his only son's wealth will one day eclipse his.

He explained that his wife Tegan’s “wealthy” grandfather has set up a bank account for Otto, who celebrated his first birthday last month.

“Otto's already been loaded up by his great-grandfather,” he said. “My child's already a millionaire. He's already got $1,000,000 in his bank.

“He’s not even one, what an a**hole. I'm jealous of my own kid.”

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While Kyle has a reported net worth of $40 million, making a rumoured $40,000 each morning thanks to his hit radio show, the star hinted that his wife’s wealth is even greater than this.

Otto's $25,000 birthday party

Kyle’s confession comes shortly after he and Tegan splashed out $25,000 for Otto’s jungle-themed birthday party, which had an “intimate” 60-person guest list.

The bash was planned by a “children’s party specialist” and featured a jumping castle, ball pit, slides, a Mickey Mouse impersonator and a magician for the adults.

“It's only $25,000. It's a watered-down type of party,” he explained on The Kyle & Jackie O Show, adding that Tegan had spent money on "the lollies, the bonbonniere, and the plates and all these weird tablecloths”.

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Kyle and Tegan married earlier this year in a lavish $1 million event in Sydney’s Darling Point, followed by a $500,000 honeymoon in Europe.

The Australian Idol judge had splashed out $155,000 for just over two weeks of accommodation, $80,000 to hire two private jets to fly him from Paris to Saint-Tropez and Saint-Tropez to Barcelona, and a whopping $60,000 on meals.

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