*Tyler Perry has officially reached billionaire status.
The filmmaker has reportedly earned $1.4 billion in pre-tax income since 2005, and is currently worth $1 billion, according to the latest issue of Forbes.
From his TV shows and movies, to the fact that Perry owns 100 percent of everything he creates, the Forbes report details his rags-to-riches journey.
Here’s a breakdown of how Forbes calculated Tyler’s net worth (via TMZ):
- $320 million for his entire library of movies, TV shows, plays, etc., as he owns 100% of the content he’s 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
The media mogul is also known for his philanthropy and giving away a great deal of his wealth to good causes.
We did it! We just wrapped season 2 of Sistas in our quarantine bubble at the studio. We called it Camp Q. 360 people all living on the lot for two weeks. We tested for COVID every 4 days, and thank God we were able to all remain COVID free. Cont: https://t.co/YsXqgIxPZi
— Tyler Perry (@tylerperry) July 29, 2020
In August, Perry spoke with ET about how his late mother, Willie Maxine Perry, is the inspiration for his charitable work.
“That’s the DNA of my mother. My mother was just such a kind woman,” Perry said. “I’m thinking of her because I know that she would be smiling from heaven”
“I realize that people aren’t out there struggling because they want to. There are people that just need a hand up and that little bit of motivation can take them a long way,” he added. “I’ll never forget being in the grocery store, in Winn-Dixie in Atlanta, trying to pay for some food and couldn’t pay for it. I was at Kroger. I couldn’t pay for it. There was a woman behind me who gave me the money to get the food that I needed. Never knew her again. But that little act of kindness made me feel like I could go on.”
“So that’s what those moments are about for me,” he added. “Just making people feel like they can go on.”