Tyler Perry Is ‘Hollywood’s Newest Billionaire,’ According to Forbes.
The 51-year-old entertainer was named “Hollywood’s newest billionaire” by Forbes in a feature on Tuesday (September 1).
Here’s how it breaks down: “[Tyler Perry] owns the entirety of his creative output, including more than 1,200 episodes of television, 22 feature films and at least two dozen stage plays, as well as a 330-acre studio lot at the edge of Atlanta’s southern limits. He used that control to leverage a deal with ViacomCBS that pays him $150 million a year for new content and gives him an equity stake in BET+, the streaming service it debuted last September,” the outlet reported.
“Forbes estimates Perry has earned more than $1.4 billion in pretax income since 2005, which he used to buy homes in Atlanta, New York, Los Angeles and Jackson Hole, Wyoming, as well as two planes. Quite a lifestyle for a once-homeless playwright raised in poverty in New Orleans. Today, Forbes estimates his net worth at $1 billion, with a clear path to future membership in The Forbes 400.”
“I love when people say you come from ‘humble beginnings.’ [It] means you were poor as hell. Ownership changes everything,” Tyler said.
“You got to understand, I had no mentors. My father doesn’t know anything about business, and my uncles and mother, they know nothing about this. I didn’t go to business school. Everything I’ve learned, I’ve learned in progress.”