Who Will Host the 2017 Oscars? We've Got the Answer!

Viewers can’t wait to see their favorite A-list celebrities walk the red carpet this Sunday — but one question remains: Who will host the 2017 Oscars?

And the answer is Jimmy Kimmel! The comedian will lead the 89th Academy Awards on Feb. 26 — and we can hardly wait to see him take the stage! This is the first time the star of the talk show Jimmy Kimmel Live! will host the special event.

Jimmy, however, isn’t standing up there for free! In a previous interview, the TV star revealed how much he’s being paid to host the award show. Place your bets on what he’ll be making…

Jimmy at a previous Academy Awards.

“$15,000! “You know why? I think it’s illegal to pay nothing,” Jimmy said during KROQ’s The Kevin & Bean morning show in December 2016.

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“I’m not sure I was supposed to reveal this,” he continued with a laugh. “But nobody told me not to. I consider this their fault.”

Jimmy first announced he’s hosting the 2017 Oscars during Jimmy Kimmel Live! in early December. He subsequently revealed he and his wife, Molly McNearney, are expecting Baby No. 2!

Jimm, Molly, and their daughter, Jane.

“In February I’ll be hosting the Oscars… And also, another thing I wanted to mention, my wife is hosting a baby inside her body. So, that’s exciting!” Jimmy told his audience at the time.

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Shortly after the confession, the celebrity dad joked he didn’t tell some of the most important people in his life about his new hosting gig. “I forgot to tell my parents, and then they found out online,” the 49-year-old said. “So, that’s probably the best feedback I got.”

Click through the gallery below to see past Oscars hosts!

Bob Hope

When ranking past Academy Award show hosts, Bob, who presided over the ceremony a record 19 times, is consistently ranked as one of the best! The extremely likable comedian knew how to deliver the witty one-liners so well that after his first gig as host in 1940, the Academy asked him back for the next three years!

Whoopi Goldberg

She was the first woman to host the Oscars solo and went on to headline the show four separate times. The current The View co-host, who began her run in 1994, is probably most remembered for her elaborate costume changes, which once included a full-blown Elizabethan gown with wig and white face makeup.

David Letterman

The TV personality only served as Oscars host once, and for good reason. Though David is a wonderful comedian, his goofy humor fell flat during the 1995 telecast. His best joke? When referring to nominated film Eat Drink Man Woman, he deadpanned, "That's how Arnold Schwarzenegger asked Maria Shriver out on their first date."

Steve Martin

Funnyman Steve hosted the Awards twice solo, beginning in 2001. He kept the energy high with quips such as, "Hosting is like making love to a beautiful woman. It's something I only get to do when Billy Crystal is out of town." And let's all agree to just forget about his split hosting gig with Alec Baldwin in 2010.

Seth MacFarlane

The creator of Family Guy hosted last year's show for the first time, and certainly put his own spin on the gig. The comedic actor appeared out of his element and tried to compensate by performing bizarre, over-the-top musical numbers and telling borderline offensive jokes. Not appropriate for an audience that included Daniel Day Lewis and Sally Field.

Ellen DeGeneres

Ellen hosted the 2014 awards after tackling the 79th Oscars in 2007! The daytime talk show host was all charm the first time around, engaging with audience members and inserting funny gags in between presenters (like vacuuming the carpet underneath the front row as part of her duties). Best one-liner: "Let's be honest. It's not that we don't have time for long speeches. We don't have time for boring speeches."