Tyler Perry is officially a billionaire.
The 51-year-old media mogul has been named “Hollywood’s newest billionaire” by Forbes on Tuesday, September 1, 2020.
Perry said that his “humble beginnings,” mean he was “poor as hell,” as the publication gave a break down of his wealth.
Forbes explained: “[Tyler Perry] owns the entirety of his creative output, including more than 1,200 episodes of television, 22 feature films and at least two dozen stage plays, as well as a 330-acre studio lot at the edge of Atlanta’s southern limits.
“He used that control to leverage 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.”
“Forbes estimates Perry has earned more than $1.4 billion in pretax income since 2005, which he used to buy homes in Atlanta, New York, Los Angeles and Jackson Hole, Wyoming, as well as two planes.
‘Quite a lifestyle for a once-homeless playwright raised in poverty in New Orleans. Today, Forbes estimates his net worth at $1 billion, with a clear path to future membership in The Forbes 400.”
Tyler Perry told them: “I love when people say you come from ‘humble beginnings.’ [It] means you were poor as hell. Ownership changes everything.”
“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.”