Tyler Perry, the African-American filmmaker and billionaire mogul, is a towering figure in the global entertainment scene. With a net worth of $1 billion, he ranks among the world’s wealthiest Black individuals. He is also a key force for change in Hollywood, championing inclusivity both on and off the screen.
Perry’s fortune mainly comes from his iconic “Madea” franchise, which has raked in over $660 million. His partnership with BET dates back to 2005 when they financed his debut feature film, “Diary of a Mad Black Woman.” He’s also a stakeholder in BET+, a premium streaming service.
Perry‘s creative empire includes 1,200 TV episodes, 22 films, a dozen stage plays, and a massive 330-acre studio near Atlanta. His inspiring journey from a challenging upbringing to founding Tyler Perry Studios is a testament to anyone’s potential for success.
In 2022, he earned $175 million, ranking third on Forbes’ list of highest-paid entertainers. Perry is not just about wealth; he’s also a philanthropist. Earlier this year, He donated $2.75 million to help 300 low-income seniors with back taxes and property tax increases.
Billionaires.Africa has identified seven companies owned by Perry:
Tyler Perry Studios stands as a testament to Perry’s visionary success. In 2015, Perry acquired the historic Fort McPherson military base in Atlanta, investing a staggering $250 million in its transformation. The sprawling 330-acre studio complex, comprising 12 fully equipped sound stages, ranks among the largest film studios in the United States. Perry’s ownership established him as the second African-American to own a major film studio, following in the footsteps of Tim and Daphne Reid.
BET+ represents a dynamic collaboration between Tyler Perry Studios and Paramount Streaming, a division of Paramount Global. Announced in June 2019 and launched in September of the same year, BET+ is a subscription video-on-demand (SVOD) service akin to industry giants like Netflix and Disney+. It offers subscribers limitless access to a vast array of on-demand video content for a nominal recurring fee. Notably, Perry retains a 25 percent stake in this streaming service.
3. Madea Franchise
Perry’s prowess as a prolific writer, producer, director, and actor finds its iconic expression in the beloved “Madea” franchise. This franchise has contributed significantly to Perry’s wealth and solidified his presence in Hollywood. With a net worth exceeding $1 billion, Perry has amassed more than $660 million from the enduring success of “Madea.”
Founded by Tyler Perry in 2006, The Perry Foundation has been a beacon of hope for transforming tragedy into triumph. Guided by Perry’s visionary leadership, the foundation empowers the economically disadvantaged by nurturing individual potential, fostering community support, and promoting sustainable change.
5. Tyler Perry Wines
Perry’s passion for wine has culminated in the creation of Tyler Perry Wines, a thriving wine brand that has generated approximately $6 million in revenue. This venture, born out of Perry’s personal love for wine, has carved a niche for itself in the world of leisure businesses.
6. Tyler Perry Collection Clothing Line
The Tyler Perry Collection Clothing Line reflects Perry’s foray into the fashion world. This eponymous fashion label boasts an extensive range of products, including clothing, footwear, and accessories designed for both men and women. These items are available for purchase online and in various retail outlets, such as department stores and specialty shops.
7. Tyler Perry’s Real Estate Portfolio
In addition to his entertainment ventures, Perry has established an impressive real estate portfolio worth millions of dollars. His holdings include the expansive 330-acre studio in Atlanta, making him one of the largest landowners in the city. Perry’s real estate ventures also extend to properties in Los Angeles, including a notable transaction in which he sold a residence in Mulholland Estates for a substantial $15.6-million profit. Furthermore, he owns vacation properties in picturesque locations such as Wyoming and the Bahamas, showcasing his diverse investments in prime real estate.