Tyler Perry is Hollywood’s newest billionaire, according to Forbes. The magazine announced on Tuesday that the popular filmmaker has joined the elite club after estimating his net worth at $1 billion.
Best known for his Madea movies, Perry’s journey from poverty to billionaire status has been driven by his ambition to own everything he does.
“I love when people say you come from ‘humble beginnings,’ ” the 51-year-old entertainer told Forbes. “[It] means you were poor as hell.”
“Ownership,” he said, “changes everything.”
From his 22 feature films and two dozen stage plays to over 1,200 television episodes, Perry owns everything he creates. The Atlanta-based creative also owns a 330-acre studio in the city.
Forbes’ breakdown of the star’s billion-dollar fortune includes $300 million in cash and investments and a $60 million stake in BET+. Forbes says Perry’s homes — in Atlanta, New York, Los Angeles and Jackson Hole, Wyoming — and other assets are valued at $40 million. The magazine attributes $320 million of his fortune to his library of work and says his new studio complex, the largest film production studio in the United States, is worth $280 million.