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    Wednesday, September 2, 2020

    Tyler Perry Officially Billionaire

    Tyler Perry, who was once homeless and slept in a car, has now become the latest addition to Hollywood’s list of billionaires.

    According to Forbes, the actor and entrepreneur is now worth a billion dollars. The publication arrived at the conclusion by breaking down Perry’s assets, including $300 million in cash and investments, a content library worth $320 million, his sprawling Atlanta studio and multiple personal properties.

    Forbes magazine, known for keeping track of celebrities’ net worth, made the announcement on Tuesday.

    The Entertainment tycoon’s incredible wealth is due to the fact that he owns 100 percent of his creative output which includes, “1,200 episodes of television, 22 feature films, and at least two dozen stage plays.”

    The net worth of that massive catalog comes with a staggering $420 Million!

    Perry also owns a 330-acre studio near Atlanta which now plays home to a ton of creative projects, including other production company’s paying him to use the location – The studio worth $280 million.

    Perry was able to leverage his massive content holdings to make a huge deal with ViacomCBS that pays him $150 million A YEAR for new content and gives him an equity stake in BET+ a new streaming service that launched this year. Tack on another $90 million for his ownership.

    According to Forbes, Tyler also earned over $1.4 Billion in pre-tax revenue since 2005 when he introduced the world to his movies like the ‘Madea’ series.

    Tyler Perry owns homes in Los Angeles, Atlanta, New York, Jackson Hole, Wyoming, and has two private jets.

    The total of the houses and planes is another $60 million.

    Add it all up and you have a self-made billionaire!

    The mogul joins a group of Black billionaires that includes Robert F. Smith, Michael Jordan, Oprah Winfrey, David Stewart, Jay-Z and perhaps Kanye West.
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