- Met his close friend and on-screen partner Vince Vaughn when both secured supporting roles in Rudy (1993).
- Inducted as a Disney Legend in 2019.
- Began a career at Bear Stearns on Wall Street in the 1980s. He then quit and even considered becoming a New York City fireman.
- Jon is an alumnus of Chicago's ImprovOlympic improvisation troupe. Fellow members include the late Chris Farley, Ian Gomez, Pat Finn, Tim Meadows, Rachel Dratch, Mike Myers and Horatio Sanz.
- Is the first person to appear in a Marvel Comic film adaptation, (Foggy Nelson in Daredevil (2003)) as well as direct one (Iron Man (2008) and Iron Man 2 (2010)). Is also the first person to play two unrelated Marvel characters with Favreau portraying the Iron Man character Harold "Happy" Hogan in Iron Man and Iron Man 2.
- His wife, Joya Tillem, is a physician.
- Father, with wife Joya Tillem, of Max Favreau (b. July 25, 2001), Madeleine Favreau (b. April 2003), and Brighton Rose Favreau (b. August 30, 2006).
- Says he considered renaming Cowboys & Aliens (2011), when audiences initially laughed at the trailer thinking this was a parody.
- Attended Queens College, City University of New York, but dropped out.
- Attended and graduated from the Bronx High School of Science (1984).
- He has directed one film that has been selected for the National Film Registry by the Library of Congress as being "culturally, historically or aesthetically significant": Iron Man (2008).
- Wrote script for Swingers (1996) on computer software given to him by his father.
- His father has French-Canadian, German, and Italian ancestry, and his mother was from a Jewish family.
- Son of Charles Favreau and Madeleine Favreau.
- He was awarded a Star on the Hollywood Walk of Fame for Television at 6840 Hollywood Boulevard in Hollywood, California on February 13, 2023.
- Mother died in December 1978 at age 34 from leukemia.
- Received an honorary doctorate of fine arts from CUNY-Queens College on 1 June 2023.
- He was going to direct John Carter (2012) when the rights were at Paramount Pictures.
- Grew up at 61-20 Grand Central Parkway in Forest Hills, Queens, New York.
- Grandson of Joan Favreau.
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