Tyler Perry Net Worth
Tyler Perry is an American actor, director, playwright, and producer who has a net worth of $800 million. Tyler Perry is the son of actor and filmmaker Tyler Perry. Aside from being one of the most financially successful directors in the entertainment world, Tyler Perry is also one of the most creative.
His film and television credits include more than 30 feature films, 20 stage productions, and eight television episodes, all of which he directed and produced. From his extensive entertainment company, he makes between $200 and $250 million in personal income each year. A single deal with ViacomCBS generates $150 million in revenue every year for his production company at the moment.
Tyler is a self-made tycoon in every sense of the word. I Know I've Been Changed was the first play he wrote and staged, and it served as the foundation for the rest of his life and career. Tyler turned his one-man show into a little theatre empire while living in his car, which eventually developed into the massive multi-media empire that it is now known for. Tyler is the sole owner of all of his costs, revenues, and earnings.
Emmitt Perry, Jr. was born on September 13, 1969, in New Orleans, Louisiana, and became known as Perry. Even though he did not graduate high school, he was awarded a GED. Tyler began writing as a method to cope with the violence he had had from various family members when he was younger.
He hoped that it would assist him to heal his mental wounds. During his early twenties, he was inspired to pursue a career in writing after seeing an episode of The Oprah Winfrey Show in which the host discussed the good and therapeutic effects that writing can have on a person.
Perry found that writing was a useful means of escaping his problems. He then proceeded to write himself a series of letters, which served as the inspiration for the musical I Know I've Been Changed, which was based on the letters. He immediately established a devoted following in Atlanta and abroad for this and other theatrical plays, reaching a peak of more than 35,000 audience members each week for his most recent production.
It's estimated that Perry sold more than $100 million worth of tickets to his plays before ever making a single Hollywood picture. He also sold $30 million worth of related DVDs and products before ever making a single Hollywood film.
Perry approached production studio Lionsgate with a pitch, riding high on the success of his home-grown film. Perry has agreed to contribute half of the funds for a forthcoming film that would require a $5.5 million budget.
Lionsgate contributed the remaining half and received a minor charge for marketing as well as a 12 percent fee for distribution. After deducting those expenses, they would divide the profits equally.
The Diary of a Mad Black Woman, which was released in 2005, was their debut film under this arrangement. The picture garnered $50.6 million in its first week of release in the United States, and it eventually earned an extra $150 million from television syndication and home video sales. Perry retains ownership of the content and receives a split of the proceeds under the terms of his Lionsgate agreement.
Perry made his directing debut with his second feature, Madea's Family Reunion, which debuted at number one at the box office in 2006 and grossed $30.3 million in its first weekend. The picture earned a total of $65 million at the box office. (In addition, he has directed each of the Madea films that have followed.)Tyler was the producer of 14 “Madea” films.
In total, those films brought in approximately USD 700 million at the box office. Each picture was made for less than 10 million dollars. Since Perry writes, directs, and produces all of his films nearly entirely on his own time, he has been able to retain the lion's share of the earnings from each of his films. A lion's share of approximately $300 million is at stake.
In Perry's films, the majority of the audience is African American, and the films frequently contain subtle allusions to Christian beliefs and practices.
Since 2006, Tyler Perry's House of Payne has been a popular sitcom that ran for eight seasons. An unexpectedly high number of viewers tuned in to the fledgling network to watch the show's debut. As an added incentive, TBS promised Perry and Payne $200 million in production guarantees and 90 episodes of their show.
Tyler, on the other hand, would be the undisputed star of the show. According to Tyler, he only spent $60 million on the film's production. In the end, he kept the remaining $140 million.
Meet the Browns (TBS), which started in January 2009 and ended in November 2011, was also written, directed, and produced by him.
Among Perry's film credits are Star Trek (2009), Alex Cross (2012), Gone Girl (2014), Teenage Mutant Ninja Turtles: Out of the Shadows (2016), and Vice (all 2016). (2018).
Not only is she an accomplished actress and comedian, but she is also the author of two best-selling books, Don't Make A Black Woman Take Off Her Earrings: Madea's Uninhibited Commentaries on Love and Life (2006) and Higher is Waiting for (2017) (which debuted at #5 on the New York Times Best Sellers list).
Tyler Perry Studios
Tyler Perry Studios, a film production company based in Atlanta, was established in 2006 by Tyler Perry.
After purchasing the 330-acre former military base Fort McPherson four years earlier, Perry eventually debuted Tyler Perry Studios' new home in 2019. It served as a Confederate military base during the American Civil War. First, he shelled out $30 million for the land, then spent another $250 million on restorations and enhancements.
AMC's The Walking Dead has shot scenes here. Permanent sets include a copy of the White House, a trailer park, a luxury hotel, and a 16,000-square-foot home on the studio lot. The first film to be shot on the lot was Marvel's, Black Panther.
Because of its size, Tyler was able to become the first African-American owner of a major studio. It is estimated that other studios such as Netflix and Amazon spent $100 million renting the studio's facilities in a given year,
ViacomCBS has agreed to pay Tyler Perry Studios $150 million a year to produce programming for the BET+ streaming network in exchange for Tyler receiving an equity position. Today, the share is estimated to be worth around $50 million.
In addition to his work in the entertainment industry, Perry is active in philanthropy, regularly donating money and time to those in need. Perry, for example, sponsored a trip to Walt Disney World in 2009 for 65 children from a Philadelphia day camp.
After four writers were fired in October 2008 in retribution for their efforts to secure a union contract, the Writers Guild of America, West filed unfair labor practice allegations against Tyler Perry Studios with the National Labor Relations Board. A month later, the disagreement was resolved.
When a Memphis-based tax preparation company, Mo' Money Taxes, aired a television ad parodying one of Perry's films, Madea Goes to Jail, he vowed to pursue legal action. A large Caucasian man in drag, Ma'Madea, appeared in the advertisement. The commercial was eventually taken off the air.
As of this writing, Perry is building a massive new home just a few blocks from the Tyler Perry Studios offices in Atlanta. Some of his lands may eventually be converted into an organic farm, according to reports. By May 2016 (the Atlanta mansion Perry had spent nine years it was sold to an anonymous buyer for $17.5 million.)
White Bay Cay in the Bahamas is where Perry owns a 14,000-square-foot mansion with 20 acres of land. According to reports, he spent $6.4 million on it in 2009.
As of 2018, Perry had sold the $14.5 million Mulholland Estates 10-bedroom mansion he bought just nine months earlier. Pharrell Williams, a musician, and composer purchased the property for $15.6 million.
His second property is located in the Beverly Ridge Estates, a private enclave in Los Angeles. Perry built a 25,000-square-foot home on the 22.5-acre site, which he commissioned himself. While of May 2020, it was discovered that Prince Harry and Meghan Markle were renting the Los Angeles property as they established a new life in the city. With similar sales in the area, this mansion may fetch upwards of 20 million dollars.
Tyler reportedly paid $125 million for his Gulfstream III private jet, which he had customized himself. A 42-inch LCD flat screen and a satellite link are included in the jet's movie area. The formal living area, kitchen, and VIP bedroom all received at least $50 million in personalization and furnishing. He's flown the plane on humanitarian missions, bringing supplies to areas devastated by natural disasters. He also has a second private jet of the same type.