Tyler Perry Went From Being Poor And Homeless To Becoming Hollywood’s Latest Billionaire

September 2, 2020
89 Views

Tyler Perry was once poor and homeless, living on the streets of Atlanta, Georgia, but is now one of Hollywood’s most powerful filmmakers, writers, producers and even actors.

Tyler Perry Went From Being Poor And Homeless To Becoming Hollywood's Latest Billionaire 1

Forbes magazine, known for keeping track of celebrities’ net worth, announced on Tuesday that Tyler Perry is officially a billionaire.

The details of his success are written about in a long-form article entitled From “Poor As Hell” to Billionaire: How Tyler Perry Changed Show Business Forever.

According to Forbes, the 50-year-old filmmaker has earned in excess of $1.4 billion since 2005. “I love when people say you come from ‘humble beginnings,’ ” he said to the outlet. “It means you were poor as hell.”

The Magazine broke down Perry’s wealth with a graph showing $300 million 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, or “toys” as the publication refers to them.

The largest source of Perry’s wealth comes from his library of film and TV media rights, which the publication values at $320 million.

The mogul joins a group of Black billionaires that includes Robert F. Smith, Michael Jordan, Oprah Winfrey, David Stewart, Jay-Z and perhaps Kanye West.

KanyiDaily recalls that Kanye West officially achieved his billionaire status four months ago, making him the second rapper to do so after Jay-Z.

You may be interested

Omicron scare: UK brings back pre-departure travel tests, bans arrivals from Nigeria
News
1 views
News
1 views

Omicron scare: UK brings back pre-departure travel tests, bans arrivals from Nigeria

Webby - December 5, 2021

As a precautionary measure to cope with the fear of spreading of Omicron,  the UK has re-introduced compulsory pre-departure tests…

How Nnamdi Kanu, TB Joshua Tried To Save My Marriage To Fani-Kayode — Estranged Wife, Precious Speaks
News
News

How Nnamdi Kanu, TB Joshua Tried To Save My Marriage To Fani-Kayode — Estranged Wife, Precious Speaks

Webby - December 5, 2021

 Precious and FFK Precious Chikwendu, a Nigerian ex-Beauty Queen and model who is also the estranged wife of the former…

Lagos Police Allegedly Label Software Developers As Fraudsters Without Proof, Extort N50,000 From Them
News
1 views
News
1 views

Lagos Police Allegedly Label Software Developers As Fraudsters Without Proof, Extort N50,000 From Them

Webby - December 5, 2021

 The transaction In what will come across as a really startling development, a young man who has been identified as…

Leave a Comment

Your email address will not be published.