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.”
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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.
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With these sources of income, Forbes estimates Perry has earned over $1.4 billion in pretax income in the past 15 years.