Hollywood actor, Tyler Perry has officially emerged as the movie-making industry’s latest billionaire.
American rating magazine, Forbes reports that the revered filmmaker is now worth a billion dollars.
By breaking down Perry’s assets, the publication arrived at the conclusion of the actor’s billionaire status, considering his $300 million in cash and investments, his content library worth $320 million, his sprawling Atlanta studio, and multiple personal properties.
Below is the breakdown of Perry’s lofty net worth:
- $320 million for his entire library of movies, TV shows, plays, etc., as he owns 100% of the content he has 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.
With this development, Perry has now joined the league of Hollywood billionaires.
Speaking on the newly-achieved feat, the 51-year-old entertainment mogul said he takes pride in his humble beginnings, adding that ownership changed the game for him.
“I love when people say you come from “humble beginnings. It really ‘means you were as poor as hell. Ownership changes everything,” he told Forbes.