Entertainment

Rags to Riches: Tyler Perry officially becomes a billionaire

American filmmaker, Tyler Perry, has reached billionaire status, according to a recent issue of Forbes.

According to the publication, Tyler Perry has taken in $1.4 billion in pre-tax income since 2005, and is currently worth $1 billion in total.

This is a result of his shrewd business prowess, and 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.

$300 million of his wrath 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.

Kemi Filani News recalls that when Perry 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 rent.

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Gift Adene

Gift Adene is an Entertainment and Society News writer, a Chronicler of celebrities and King of Rumor Has it. Gift holds a BSC in Computer Science and MSC in Information and Communications Technology. He is a Machine Learning and Data Science enthusiast, a ProBlogger, Digital Marketer and social media savvy. Gift loves Python Programming Language, HTML, CSS and JavaScript. Address: 64 Igbeyin adun Nigeria.

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