American filmmaker, Tyler Perry, has reached billionaire status, according to a recent issue of Forbes.
According to the publication, Tyler Perry has taken in $1.4 billion in pre-tax income since 2005, and is currently worth $1 billion in total.
This is a result of his shrewd business prowess, and the fact that he owns 100% of everything he creates. This includes a bevy of TV series, dozens of films, and multiple successful stage productions.
The filmmaker also recently changed the filmmaking game for himself when he opened his own 330-acre studio lot in Atlanta, Georgia.
$300 million of his wrath 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.
His largest source of wealth, however, comes from his library of film and TV media rights, valued at $320 million.
Perry had his first play, it only sold 12 tickets, and he had to sleep in his car because he didn’t make enough for his rent.
