Connect with us

NEWS

Forbes: Tyler Perry is officially a billionaire

Published

on

Advertisement
Advertisement

Tyler Perry now has joined the growing list of Hollywood billionaires according to Forbes.

Advertisement
Advertisement

According to the American business magazine, Perry has a networth of $1 billion and has earned more than $1.4 billion in pretax income since 2005. Forbes also reported that filmmaker owns the entirety of his creative output, which includes more than 1,200 television episodes, 22 films, at least two dozen plays and a 330-acre studio lot in Atlanta.

Advertisement

The filmmaker told the magazine that he learnt the value of ownership at a young age. He said;

Advertisement
Advertisement

“My father was a subcontractor, and he would get paid on Fridays and be so happy that he had made $800,” he recalled to Forbes. “But I would watch the man that owned the house sell it and make $80,000. So I always knew that there was more power in the man that owned the house rather than the man that actually was working on it and building it. So I always wanted to be the guy that owned the house.

Advertisement

“Ownership for me was easy because I was underestimated. They said, ‘Sure, you can own it.’ They didn’t think it’d be worth anything.”

Advertisement
Advertisement

On lack of diversity in his movies, Perry said;

READ ALSO:  Obaseki vs Oshiomhole: President Buhari, IGP told what to do immediately
Advertisement

“I wanted to foster an environment where minorities and women and LGBTQ, anybody who wanted to come and work and do a great job was welcome. What I found is, if you invest in the underdog, if you invest in the people who haven’t had the opportunity, the level of gratitude and understanding for what is happening for them is so powerful. It’s just wonderful.”

Advertisement
Advertisement

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. It was also reported that his movies alone have grossed nearly $1 billion to date, and he owns the rights to all of them.

Advertisement

Forbes reported that Perry used his ownership of all his creative output to broker 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. He has homes in Atlanta, New York, Los Angeles and Jackson Hole, Wyoming, as well as two private jets.

Advertisement
Advertisement

Advertisement
Advertisement

Advertisement
Advertisement

Advertisement


Share your thoughts on this article and join the conversation on Twitter or Facebook.


Source: www.micnaij.com

Advertisement
Click to comment

Leave a Reply

Micnaij is a Premier Entertainment Served Always In Nigeria covering Latest news, Breaking News, Politics, Sports, Lifestyle, Entertainment and Gossip.

If you believe any materials accessible on or from this platform infringe your copyright, you may request removal of those materials (or access to them) from the Website by submitting written notification to info@micnaij.com. We do not claim ownership of some of the images used on this website and all attempts will be made to list the sources.