Forbes officially announces Tyler Perry a billionaire

Veteran filmmaker Tyler Perry, 50, is officially a billionaire, joining the ranks of Oprah Winfrey, Steven Spielberg and George Lucas, according to Forbes.

According to the US business magazine, Perry has a net worth of $ 1 billion and has earned more than $ 1.4 billion in pre-tax income since 2005.

Forbes also reported that the filmmaker owns his entire creative production, which includes more than 1,200 TV episodes, 22 films, at least two dozen plays and a 330-acre studio in Atlanta.

The filmmaker told the magazine he learned the value of property at a young age. He said;

“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.
“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.”

On the lack of diversity in his movies he said;

“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.”

The mogul joins a group of black billionaires that includes Robert F. Smith, Michael Jordan, Oprah Winfrey, David Stewart, Jay-Z and possibly Kanye West. It has also been reported that his films alone have grossed nearly $ 1 billion to date and that he owns all rights to them.

Forbes reported that Perry used his ownership of all of his creative output to negotiate a deal with ViacomCBS that paid him $ 150 million a year for new content and gave him a stake in BET +, the streaming service he owned. launched last September. It has homes in Atlanta, New York, Los Angeles, and Jackson Hole, Wyoming, as well as two private jets.

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