Tyler Perry has been proclaimed ‘Hollywood’s newest billionaire’ in a Forbes feature story on his success with his Atlanta studio and related endeavors. ‘I love when people say you come from “humble beginnings,”‘ he told the publication, adding that it really ‘means you were poor as hell.’
He added, ‘Ownership changes everything.’
The 51-year-old entertainment mogul’s lofty net worth was tabulated via earnings including $300 in personal wealth, content catalog worth $320 million, in addition to his real estate holdings and 330-acre Atlanta studio.
The New Orleans-born producer owns the rights to 1,200 episodes of TV shows, 22 movies and at least 24 plays, according to the outlet.
The Maeda filmmaker’s properties span across the country, with homes in Atlanta, Wyoming, New York and Los Angeles, in addition to a pair of aircrafts.
The feature followed Perry running the show as the BET show Sistas was being filmed at his studio amid strict social distancing guidelines amid the coronavirus pandemic.
Perry’s wealth is also derived from a $150 million annual deal he hinted with ViacomCBS for programming, in addition to ownership in the streaming service BET+.
‘I mostly go on my gut and my instinct,’ he said. ‘I like to challenge the system and see what I can do differently.’
Perry said that he ‘had no mentors’ on his way to the top, and has learned on the fly.
‘You got to understand, I had no mentors,’ Perry told Forbes. ‘My father doesn’t know anything about business, and my uncles and mother, they know nothing about this. I didn’t go to business school. Everything I’ve learned, I’ve learned in progress.’
According to BET, Perry joins a list of Black billionaires that includes Oprah Winfrey, Michael Jordan, Jay-Z, Robert F. Smith and David Stewart.