Tyler Perry encouraged us that if they don’t give us a seat at the table, that we should build our own.
Well, building his own has paid off. Forbes has announced that the media mogul has joined the Black Billionaires Club!
“Ownership, changes everything.”
The Madea creator owns the entirety of his creative output, including more than 1,200 episodes of television, 22 feature films and at least two dozen stage plays, as well as a 330-acre studio lot at the edge of Atlanta’s southern limits. He used that control to leverage a deal with ViacomCBS that pays him $150 million a year for new content and gives him an equity stake in BET+, the streaming service it debuted last September. Forbes estimates Perry has earned more than $1.4 billion in pretax income since 2005, which he used to buy homes in Atlanta, New York, Los Angeles and Jackson Hole, Wyoming, as well as two planes.
Today, Forbes estimates his net worth at $1 billion, with a clear path to future membership in The Forbes 400.
Congratulations Tyler Perry!