Popular Hollywood actor and film maker, Tyler Perry has become one of the few actors to join the Billionaire club.
According to Forbes the 51-year-old has made $1.4 billion in pretax income since 2005 and he’s worth $1 billion right now.
His wealth is being credited to the fact that he fully owns all of his creations on television, in theaters and on the stage, and also after he opened his own studio in Atlanta.
The studio has become a coronavirus bubble where the production of his television shows continued despite the pandemic, the Los Angeles Times reported in July.
A large amount of Perry’s wealth, a whopping $300 million, comes from investments and cash, with $60 million coming from BET, $280 million from his studio and $40 million from his homes and other personal assets. Most of his wealth comes from his film and television rights — $320 million.
Decades before becoming a billionaire, Perry was a homeless playwright living out of his car in Atlanta as he worked on his first play, “I Know I’ve Been Changed,” Forbes stated.