- 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.
- Says he considered renaming Cowboys & Aliens (2011), when audiences initially laughed at the trailer thinking this was a parody.
- 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).
- Attended Queens College, City University of New York, but dropped out.
- 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).
- Attended and graduated from the Bronx High School of Science (1984).
- 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.
- He was awarded a Star on the Hollywood Walk of Fame for Television at 6840 Hollywood Boulevard in Hollywood, California on February 13, 2023. Robert Downey Jr. and chef Roy Choi were guest speakers at the ceremony.
- Received an honorary doctorate of fine arts from CUNY-Queens College on 1 June 2023.
- Son of Charles Favreau and Madeleine Favreau.
- Grew up at 61-20 Grand Central Parkway in Forest Hills, Queens, New York.
- Mother died in December 1978 at age 34 from leukemia.
- He was going to direct John Carter (2012) when the rights were at Paramount Pictures.
- Grandson of Joan Favreau.
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