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What is Tyler Perry’s net worth and Salary?
As an actor, director, producer and playwright Tyler Perry are worth an estimated $800 million. It’s safe to say that Tyler Perry is one of the most successful films and television directors in Hollywood. More than 30 films, 20 plays, and eight television shows have been created by him during his career. His vast entertainment company nets him between $200 million and $250 million per year. ViacomCBS is the sole source of his production company’s $150 million in annual revenue.
Tyler is a self-made tycoon in the truest sense of the word. I Know I’ve Been Changed was the first play he wrote and staged, and he established his empire from there. It all started with a play that Tyler wrote while living in his van, and it developed into today’s vast media empire. His costs, income, and profits are all his own.
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Early life
Perry was born Emmitt Perry, Jr., on September 13, 1969, in New Orleans, Louisiana. He did not graduate high school but received a GED. After suffering abuse at the hands of various family members throughout his earlier years, Tyler began writing as a way to help heal his mental wounds. During his early 20s, an episode of The Oprah Winfrey Show, which emphasized the good and therapeutic influence writing can have on a person, prompted him to seek a career in the industry.
Writing proved to be a beneficial getaway for Perry. He went on to compose himself a series of letters that later became the jumping-off point for the musical I Know I’ve Been Changed. This, as well as his other stage shows, swiftly garnered a huge following across Atlanta and beyond, peaking at more than 35,000 audience members every week.
Before filming a single Hollywood movie, Perry reportedly sold more than $100 million worth of tickets to his plays, as well as $30 million worth of related videos and products.
Film Success
Jumping off his home-grown success, Perry approached production studio Lionsgate with a pitch. Perry would put up half the money for an upcoming project that would need a $5.5 million budget. Lionsgate made up the other half and took a minor fee for marketing and a 12 percent fee for distribution. They would split the proceeds after those costs 50-50. Their debut movie under this arrangement was 2005’s Diary of a Mad Black Woman. The picture grossed $50.6 million domestically and later generated an additional $150 million from TV syndication and home video sales. As part of his Lionsgate arrangement, Perry owns the content and keeps half the proceeds.
Forbes estimates Tyler Perry’s net worth at $1 billion and says he’s earned more than $1.4 billion in pretax income since 2005. https://t.co/poFeTs3Vzs
— USA TODAY (@USATODAY) September 2, 2020
Perry’s directorial debut occurred in 2006 with his second picture, Madea’s Family Reunion, which opened at number one at the box office with $30.3 million. The picture ultimately grossed $65 million. (And he has directed each of the succeeding Madea flicks.)
Tyler created 14 “Madea” movies. Those flicks grossed almost USD 700 million at the movie office. Each picture cost less than $10 million to make. Since Perry writes, directs, and produces all of his movies nearly totally independently, he can take home the lion’s share of each of his film’s profits. A lion’s portion of around $300 million.
Perry’s films are primarily oriented toward an African American audience and they often incorporate subtle nods to Christianity.
Television Success
Perry’s successful sitcom, Tyler Perry’s House of Payne, ran for eight seasons—from June 21, 2006, to August 10, 2012. The show initially aired on CW and achieved surprisingly large numbers for the fledgling network. TBS enticed Perry and Payne away from CW by providing him a $200 million production guarantee and a 90-episode commitment. Oh, and Tyler would own the show. Tyler famously only spent $60 million on production expenditures. He retained the remaining $140 million for himself.
He also wrote, directed, and produced Meet the Browns, which began on TBS in January 2009 and came to a conclusion on November 18, 2011.
Other Work
Perry has had a handful of playing parts in films like Star Trek (2009), Alex Cross (2012), Gone Girl (2014), Teenage Mutant Ninja Turtles: Out of the Shadows (2016), and Vice (2018). (2018).
Additionally, Perry has authored two books: Don’t Make a Black Woman Take Off Her Earrings: Madea’s Uninhibited Commentaries on Love and Life (2006), which sold 30,000 copies and reached #1 on the New York Times Best Sellers list, and Higher is Waiting (2017), which debuted at #5 on the New York Times Best Sellers list.
Tyler Perry Studios
Atlanta-based film production business Tyler Perry Studios was created in 2006.
In 2019, Perry officially debuted Tyler Perry Studios’ new home, which is situated on the 330-acre old military base Fort McPherson that he had purchased four years previously. During the civil war, it was a Confederate military base. Perry paid $30 million for the real, then spent $250 million on upgrades and remodeling.
The Walking Dead has been filmed on the lot. Approximately 50,000 square feet of the studio lot is dedicated to permanent sets featuring a precise recreation of the White House, a trailer park, a luxury hotel, and a 16,000 square-foot home. The blockbuster Marvel movie Black Panther was the first movie filmed on the lot.
It is one of the largest studios in the world and rendered Tyler the first African-American to own a major studio. In a given year, other studios like Netflix and Amazon spent $100 million using the studio’s facilities for their films.
BET+
Tyler Perry obtained an equity stake in the BET+ streaming network as part of a contract with ViacomCBS that pays Tyler Perry Studios $150 million annually for content production. That stake is now valued at around $50 million.
Personal life
Emmitt Perry, Sr., was an abusive father to Perry, thus Perry legally changed his first name at the age of 16 to remove himself from him. In the end, a DNA test proved that Emmitt Sr. was not Perry’s real dad, but rather his father’s stepfather.
Perry and Gelila Bekele, a model, and social activist have been dating since 2009. Aman Tyler Perry was born in November 2014, the result of Bekele’s pregnancy.
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, funded 65 students from a day camp in Philadelphia to visit Walt Disney World in 2009
Controversy
WGA West filed unfair labor practice allegations with the National Labor Relations Board, alleging that Tyler Perry Studios wrongfully fired four writers in October 2008 in retaliation for their attempt to get a union contract. A month later, the disagreement was resolved.
Perry had threatened to sue Mo’ Money Taxes, a Memphis-based tax preparation company, for airing a television commercial that he said mocked his work, notably Madea Goes to Jail. Perry threatened legal action against the company in early 2009. The advertisement featured Ma’Madea, a huge Caucasian male masquerading as a woman. The commercial was eventually taken off the air.
Real Estate
The majority of Tyler Perry’s time is spent in Atlanta, where he is now developing a vast new home close to the Tyler Perry Studios offices. He is said to be planning to turn a piece of his property into an organic farm. Atlanta mansion Perry had resided in for nine years was sold for $17.5 million in May 2016.)
White Bay Cay in the Bahamas is where Perry owns a 14,000-square-foot mansion with 20 acres of land. In 2009, he is said to have spent $6.4 million on the house.
Perry sold a Mulholland Estates, Los Angeles, a property he purchased for $14.5 million just nine months earlier in 2018. He sold it for $15.6 million to Pharrell Williams, a rapper, and composer.
He still has a property in Beverly Ridge Estates, an ultra-exclusive gated enclave in Los Angeles. Perry built a 25,000-square-foot home on the 22.5-acre site, which he commissioned himself. As 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 area. According to comparable sales in the area, this property is valued at least $20 million.
Private Jet
Private jet owner Tyler has a $125 million Gulfstream III plane, which he purchased and customized. 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. To aid those affected by recent natural disasters, he has used the plane on numerous occasions. He has a second private jet of the same model.
Tyler Perry: How To Be Successful
In 2012 Tyler posted a video to YouTube in which he answered the question he is asked most frequently: “How did you make it?!” Here is his reply:
“There is only one response to that… Truth be told, it was nothing but the grace of God. Nothing except the grace of God. You can plant seeds all day long. You can go about giving your business card out to folks. You can go about knocking on doors and auditioning. You can do all of that every day of your life and nothing occurs. When a seed is put in the ground, all you can do is water it. You cannot control the sunshine. You cannot control the weather and you cannot control if the locusts arrive and try to destroy it. All you can do is place your seed in the earth, water it, and trust. That is what allowed me to be in this position right now. I would not cease believing. My seed was successfully sown by me.
I put in a lot of effort. My only thought was to stage a play… My only thought at the time. One play at a time was all I had in mind. And I was confident that everything else would fall into place if I could only get that to work. There are so many people out there that are going in so many different directions. This is what they plan to do this week.
That’s what they plan to do next week. After that, they’ll be working in the real estate industry for the next week. They plan to launch a salon the following week. There are a lot of people like this, and I attempt to get them to focus on one item at a time. Aim for a single goal… Focus on a single thing. Make it a top priority and persist with it…” T. Perry, Jr.
Tyler Perry
| Net Worth: | $800 Million |
| Salary: | $80 Million |
| Date of Birth: | Sep 13, 1969 (52 years old) |
| Gender: | Male |
| Height: | 6 ft 5 in (1.96 m) |
| Profession: | Screenwriter, Playwright, Film Producer, Television producer, Actor, Film director, Theatre Director, Television Director, Author, Songwriter |
| Nationality: | United States of America |
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