Foreign
Tyler Perry becomes Hollywood’s newest billionaire
Published
4 years agoon
By
Vida Essel-LampteyAmerican actor, producer, and director, Tyler Perry has been named Hollywood’s newest billionaire by the American business magazine, Forbes Magazine.
According to the magazine, the New Orleans born superstar is estimated to be worth a total net of 1 billion US dollars.
The American magazine announced, Tyler Perry’s newest achievement on Tuesday, September 1, 2020, adding that the popular filmmaker has joined the elite club of the world’s richest people “Forbes 400 list of the wealthiest Americans”.
Breakdown of Tyler Perry’s Asset
According to the magazine, the Madea movie star’s new studio complex, the largest film production studio in the United States was valued at a total of $280 million while his library of work was valued at a whopping $320 million.
His fortune in cash and investment was priced at $300 million with his home in Atlanta, New York, Los Angeles, and Jackson Hole, Wyoming — and other assets esteemed at $40 million.
The actor also had a total stake of $60 million in BET+ an online premium streaming service with over 1,000 hours of favorite Black content from the best Black creators.
With the above-mentioned sources of income, Forbes indicated that the Black American born has earned over $1.4 billion in pretax income in the past 15 years.
Ownership changes everything
Speaking to Forbes, the high school dropout said he had no mentor neither was his father, Emmitt Perry Sr, a businessman, however, everything he had achieved was by dint of hard work and self mentor-ship.
“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.”
“I love when people say you come from ‘humble beginnings. It means you were poor as hell” the actor and scriptwriter was reported to have said.
He also attributed his success to ownership adding that “Ownership, changes everything”.
Profile of Tyler Perry
Tyler Perry was born Emmitt Perry Jr in New Orleans, Louisiana, USA, however, at age 16, he changed his first name legally, from Emmitt to Tyler to distance himself from his father whom he said nearly forced him to commit suicide with his constant beatings.
The Madea character creator and performer did not complete high school education but acquired a General Educational Development tests certificate similar to a US high school diploma.
Having been inspired by The Oprah Winfrey Show on the therapeutic effect of the act of writing, Perry took to writing which eventually saw the birth of “I Know I’ve Been Changed” his first play performed at a theater in Atlanta at age 22 and the rest has since been history.
The actor currently owns the rights to about 1,200 episodes of TV shows, 22 movies, and at least 24 plays including, the Medea collection of movies, Diary of a Mad Black Woman, Lionsgate, Daddy’s Little Girls, etc.
Source: CBS News
You may like
-
Donald Trump to run for US Presidency again in 2024
-
I’m innocent – Abdul Inusah speaks
-
Biden cancels $10,000 in student debt for millions
-
Trump’s Mar-a-Lago Florida home “raided” by FBI agents
-
Ivana Trump died of blunt impact injuries to torso – NYC medical examiner
-
VIDEO: Emotional as patrons of ‘God is African’ movie premiere tears
Mahama leads NDC to mourn with Kufuor over wife’s passing
Former President John Dramani Mahama on Wednesday, October 4 led a delegation from the National Democratic Congress (NDC) to visit...
Former First Lady of Ghana Theresa Kufuor reported dead
The former First Lady of Ghana and wife of Ghana’s former President, John Agyekum Kufour, Mrs Theresa Kufuor has been...
The most powerful tool for change is the right to vote – Mahama
The 2024 flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, is rallying Ghanaains who have grown disillusioned with...
PFJ was a mere state resource looting platform – Minority
The Minority has descended heavily on the Akufo-Addo-led government for launching a second phase of the flagship Planting for Food...
ECOWAS is desecrating Ghana
The Director of Legal Affairs of the National Democratic Congress (NDC), Mr Abraham Amaliba has said the Economy Community of...
Prof Gyampo elected President of UTAG, University of Ghana branch
A Senior Lecturer at the Political Science Department of the University of Ghana (Legon), Prof Ransford Gyampo have been elected...