Tyler Perry joins the billionaire list

Tyler Perry is the latest addition to the growing list of Hollywood billionaires.

This was disclosed by Forbes who said that Perry has a networth of $1 billion and has earned more than $1.4 billion in pretax income since 2005.

The magazine also reported that the 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.

The filmmaker told the magazine that he learnt the value of ownership 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.

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.”

Tyler Perry 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.

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.