Hollywood actor and filmmaker, Tyler Perry has been named a billionaire by Forbes magazine.
The financial publication conferred the producer, director, playwright and actor with the billionaire status, estimating his net-worth at 1 billion dollars.
Tyler Perry has since 2005, earned more than $1.5 billion in pretax income, according to Forbes.
Forbes shared a clip of the latest issue via its official Instagram page, and it had the latest Hollywood billionaire as its cover star.
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Shut out of entertainment’s mainstream, Hollywood’s newest billionaire Tyler Perry wrote, produced and starred in his own American success story. “I love when people say you come from ‘humble beginnings,’ ” he says. “[It] means you were poor as hell.” It also makes success sweeter. “Ownership,” he adds, “changes everything.” 🔗 in bio for how @tylerperry changed show business forever.
Perry has earned $1.4 billion in pre-tax income since 2005, and is currently worth $1 billion in total. A development which is a result of the fact that he owns 100% of everything he creates. This includes a bevy of TV series, dozens of films, and multiple successful stage productions.
The filmmaker also recently changed the filmmaking game for himself when he opened his own 330-acre studio lot in Atlanta, Georgia, USA.
300 million dollars worth of his wealth resides in investments and cash, $60 million comes from his stake in BET, $280 million comes from the value of his studio lot, and $40 million resides in his homes and personal material assets.
His largest source of wealth, however, comes from his library of film and TV media rights, valued at $320 million.
When the movie star had his first play, it only sold 12 tickets, and he had to sleep in his car because he didn’t make enough for his ren t.