tyler perry billionaire - a man leading a choir

Tyler Perry is a billionaire: ‘Ownership changes everything’

Posted by Andile Sicetsha

Moviemaker and the theatrical grandma we wish we all had, Tyler Perry, is a dollar billionaire, an unfathomable feat for someone who’s had it as hard as he has.

Tyler Perry proves he’s the hardest working filmmaker in America

Forbes recently published a cover feature which details the years of hard work that have paid off gracefully, thanks to Perry’s tenacity.

According to the glam magazine, the 51-year-old owns the entirety of his creative catalogue. Everything that he has directed, produced and starred in, is the intellectual property of his production studio.

Perry does not conform to the confinement of Hollywood. He does what he wants when he wants.

This is evidenced by the fact that while US production houses have been forced to a halt due to the coronavirus (Covid-19), he has been hard at work at his 330-acre studio lot in Atlanta, Georgia, filming a TV show that has to be canned in 11 days.

“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,” he says.

Perry’s billionaire valuation: This is his current estimated net worth

Based on a detailed run-down of Perry’s unfathomable fortunes, it is estimated that his net worth currently sits at $1 billion (R16,8 billion).

Here’s a breakdown of the 51-year-old’s fortunes:

  • $300 million (R5.04 billion) in cash and investments;
  • $60 million (R1 billion) stake in BET+ on-demand streaming service;
  • $40 million (R672 million) in homes and toys;
  • $280 million (R4.7 billion) 330-acre film studio; and
  • $320 million (R5.3 billion) library of titles

“I couldn’t walk down the street without people screaming, ‘Madea, Tyler, Madea! And then I got to Hollywood, and they had no clue. No clue to what I’d done, who I was or the following I had…

“The ignorance I had about Hollywood was so wonderful, looking back on it,” he cheerfully said.