Tyler Perry is Hollywood’s newest billionaire, according to Forbes. The magazine announced on Tuesday that the popular filmmaker has joined the elite club after estimating his net worth at $1 billion.
The numbers are in … here’s a breakdown of how Forbes is calculating Tyler’s milestone net worth:
— $320 million for his entire library of movies, TV shows, plays, etc., as he owns 100% of the content he’s created
— $300 million in cash and investments
— $280 million for Tyler Perry Studios, which sits on 330 acres in Georgia
— $60 million for his equity stake in BET+, the streaming service that debuted last year.
— $40 million in homes and toys
“I love when people say you come from ‘humble beginnings,’ ” the 51-year-old entertainer told Forbes. “[It] means you were poor as hell.”
“Ownership,” he said, “changes everything.”
From his 22 feature films and two dozen stage plays to over 1,200 television episodes, Perry owns everything he creates. The Atlanta-based creative also owns a 330-acre studio in the city.
With these sources of income, Forbes estimates Perry has earned over $1.4 billion in pretax income in the past 15 years.