Tyler Perry Net Worth: Rise To Fame, Career & Lifestyle

Tyler Perry is an American actor, producer, screenwriter, director, author, and philanthropist whose net worth is $1 billion as of August, 2023.

He is best known for his movies, and television productions he wrote, directed, and even featured in.

Tyler Perry (Source: Pinterest)

Tyler Perry was the highest-paid man in the entertainment industry in 2011 according to Forbes.

Quick Facts

Tyler Perry: Net Worth and Income

The self-made billionaire went from living in poverty to amassing a fortune of $1 billion.

All credit goes to his hard work, the Madea franchise, and Tyler Perry Studios.

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Perry’s “Madea” character has aided him greatly in achieving instant fame and notoriety.

His Madea films have grossed approximately $670 million in theaters around the world.

According to Forbes, he made $290 million in fees and profits as a result of it.

He also made a profit of $140 million from his show House of Payne (2006-2012).

Besides that, his Atlanta-based studio generates US$907 million in revenue.

His studio also contributes significantly to Atlanta’s booming economy.

Additionally, Perry also has a high-profile collaboration with ViacomCBS.

It pays him $150 million per year for new content and provides him with a stake in the streaming channel BET+.

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Net Worth of Tyler Perry in Different Currencies

Let’s see how much is Perry’s net worth in other currencies.

Tyler Perry: Cars, Private Jets and Houses

Cars

Tyler Perry owns a Bentley GT Sports Coupe, one of the most luxurious cars in the Tyler Perry car collection.

The car features a 7.3-second 0-60 mph pace and a 6-liter W12 direct-injection engine with a 3.4-4.6-second 0-60 mph time.

Bentley GT Sports Coupe Owned By Perry (Source: Vocal. media)

Additionally, he owns a Rolls-Royce Wraith featuring cutting-edge technology and classic design. It has a 6.6L V12 Turbo 8A engine and has a top speed of 155.3 mph.

This $400,000 classy piece is a real gem in Perry’s car collection.

Tyler Perry With His Rolls Royce Wraith (Source: Pinterest)

Perry has also been spotted driving around in his $120,000 Range Rover.

Besides that, he has a Cadillac Escalade, which cost him roughly $120,000.

A Private Jet

The entertainment star also owns a $125 million Gulfstream III private jet.

Inside Perry’s Gulfstream III Private Jet (Source: vocal. media)

Additionally, he spent $50 million on customizing the jet. It now has a screening room, formal living room, kitchen, and VIP suite.

He’s flown the plane several times for charity work.

Houses

Perry is the proud owner of an $18 million Beverly Hills mansion.

In 2020, Meghan Markle and Prince Harry stayed here for three months while looking for a place to call home.

Perry’s Mansion in Beverly Hills (Source: PropGoLuxury.com)

Tyler is currently having a 35,000-square-foot mansion built near his Atlanta studio. He’s been working on this for the past three years.

Before moving to his house near his studio, Perry resided in a 35,000-square-foot estate in Atlanta.

He sold it for $17.5 million in 2016. 

Perry’s Former Mansion in Atlanta (Source: Pinterest.com)

Steve Harvey bought it for $25 million in May 2020.

Perry has sold several properties and continues to purchase more.

In 2018, Perry sold a massive mansion located in the mountains between Beverly Hills and California for $15.6 million.Pharrell Williams, a rapper and songwriter, is the new owner.

A Private Island

For his 4oth birthday, Perry purchased White Bay Cay in The Exuma Cays areas in the Bahamas.

Tyler Perry’s White Bay Cay (Source: Vocal.media)

It is 14,000 square feet, 25 acres in size.

This $6.4 million island has a marina, spa, and guest cottages.

Tyler Perry: Lifestyle and Vacations

Lifestyle

Tyler was not born with a silver spoon in his mouth. His childhood was blighted by poverty and an abusive environment.

He, however, chased his goals with strong dedication and rose over his abusive past.

His hard work ultimately paid off with his play I Know I’ve Been Changed. Since then, there was no looking back.

Perry currently spends much of his time in his film studio directing and producing films.

Apart from that, he devotes a significant portion of his time trying to help those in need.

Perry also makes sure to take breaks no matter how hard he works.

If he constantly works for three months, seven days a week, for 18 hours a day, he’ll take a month or two off and do nothing.

Fatherhood had a significant impact on him in that context.

As he grew older, he also learned the value of spending time with his family and checking in with himself, which is crucial.

Vacations

Tyler Perry also enjoys vacationing and visiting new places with his closest friends.

He was seen in Portofino, Italy, in 2008 with media mogul Oprah Winfrey.

Gayle, Oprah’s best friend, was also spotted with the duo.

Furthermore, Perry visited Fiji for three days in 2018.

A night on the island is expected to cost between US$7000 and US$36,000 per night.

Perry also gave several of his employees a once-in-a-lifetime experience by flying them from Atlanta to Copenhagen, Denmark, to meet Beyoncé.

Tyler Perry’s costume designer, Crystal Renee, starred in the hit television show “The Haves and the Have Nots,” and his flight attendant also accompanied him.

Tyler Perry: Charity

The Atlanta-based media mogul has a generous heart and is well-known for his philanthropic efforts.

The Perry Foundation– Tyler Perry’s charitable organization, has donated funds to provide clean water to an estimated 65,079 people in four countries since 2006.

That includes four communities in Haiti, six provinces in Cambodia, one in India, and nine in Ethiopia.

He also has given millions of dollars to non-profit organizations to help end homelessness, support civil rights causes, and help survivors of natural disasters.

Besides that, he made a $1 million donation to the NAACP (National Association for the Advancement of Colored People) in 2009 to commemorate the organization’s centennial.

He also sent 65 children from a daycare of mostly minorities to Walt Disney World the same year.

In 2010, Perry Donated $1 Million to the survivors of the earthquake in Haiti.

Following Hurricane Harvey’s devastation in 2017, he pledged $1 million to various religious groups in and around Houston, Texas.

In 2018, he paid $434,000 in layaways for an estimated 1,500 people at two Atlanta Walmarts ahead of Christmas.

Perry also assisted four children whose mother was shot and killed in Georgia by her partner in 2019.

He paid off their late mother’s bills, covered their rent, and paid for one of the children’s college fees.

During the COVID-19 epidemic in 2020, the movie mogul gave a $21,000 tip to struggling workers at an Atlanta restaurant.

Each of the 42 employees received $500.

He also purchased groceries for elderly customers at 73 different grocery stores during the pandemic.

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Tyler Perry: Movies, Investments, Endorsements, and Book Publications

Movies

Throughout his career, Perry has produced 30 films, 20 stage productions, and 8 television shows.

His first foray into Hollywood occurred in February 2005, when he adapted his “Diary of a Mad Black Woman” into a US $5.5 million feature film.

Perry played three characters in the film, including Madea. The film debuted at #1, eventually grossing more than $50 million.

After 11 Madea movies, Perry intends to bring the 12th Madea film ‘A Madea Homecoming.’

The film will be shot solely at Tyler Perry Studios in Atlanta, with a Netflix debut scheduled for 2022.

He was also seen in Star Trek (2009) as Admiral Richard Barnett, the Starfleet Academy commandant.

It was his first appearance outside of his own projects.

Besides, he is known for the popular films The Family That Preys (2008), Why Did I Get Married Too? (2010), Good Deeds (2012), and Gone Girl (2014), Teenage Mutant Ninja Turtles: Out of the Shadows (2016), and Vice (2018).

In 2012, Perry also partnered with Oprah Winfrey’s OWN Network. It featured two of his television series ‘The Haves and the Have Nots‘ and ‘Love Thy Neighbor.’

Tyler Perry’s Upcoming Movies:

PAW Patrol: The Movie (2021)

Don’t Look Up (2021)

Those Who Wish Me Dead (2021)

A Madea Homecoming (2022)

Investments

With Perry’s net worth of $1 billion, you might be wondering where the star invests his money.

Well, he invests his money in movies and shows he writes, produces, and directs.

He also invests in Tyler Perry Studios, which he founded in 2006.

The studio relocated in 2019 to a 330-acre former Fort McPherson military base.

Perry paid $30 million for the property.  He then spent another $250 million on renovations and upgrades.

The studio is entirely dedicated to permanent sets, including the White House, a luxury hotel, a trailer park, and a 16,000 sq. ft mansion.

Tyler Perry Studios (Source: ajc.com)

Perry’s Studios is one of the most extensive studios in the world!

Other studios, such as Netflix and Amazon, have spent $100 million in a single year renting out the studio’s facilities.

Last year, Perry also set his eyes on BET, which had been flailing.

He has now developed the BET+ streaming service around him.

The network will pay Perry $150 million annually to produce a minimum of 90 new TV episodes each year until 2025.

Endorsements

In 2012, Tyler Perry made a multi-year partnership with Oprah Winfrey Network.

Perry’s shows like “The Haves and the Have Nots,” “If Loving You Is Wrong,” “Love Thy Neighbor,” and “The Paynes”  helped bolster Winfrey’s network.

An eight-year relationship with Oprah Winfrey’s OWN network came to an end in 2021.

Perry has stayed away from politics in the past. He has, however, officially supported Democrat candidate Joe Biden for President in 2020.

He further expressed his desire for his son “to be able to go to the national parks, and they’re not drilling inside of them,” referring to Trump’s poor environmental record and his close relationship with the fossil fuel industry.

Books

Perry’s first book was published in 2006 called “Don’t Make a Black Woman Take Off Her Earrings: Madea’s Uninhibited Commentaries on Love and Life.”

The book was also the New York Times Best Seller. At the 2006 Quill Awards, it was named Book of the Year and Best Humor Book.

On November 14, 2017, his second book, Higher Is Waiting, was published. It appeared at no. 5 on the New York Times Best Sellers list.

Other books he’s contributed on include ‘Every Day,’ ‘Joining Forces: Empowering Male Survivors to Thrive,’ ‘Who’s Who In Black Atlanta,’ ‘The Ultimate Home Workout Plan: How to Get Rid at Home with Minimal Equipment,’ and ‘Tony Conway Legendary Events.’

Tyler Perry: Career

Tyler has amassed a fortune of a billion dollars solely through his own efforts.

He built his realm from the ground up, beginning with a single play, “I Know I’ve Been Changed,” written and produced by him.

Perry was inspired by an episode of The Oprah Winfrey Show about how writing can be therapeutic.

He then started writing letters to himself. Later he turned it into a play, “I Know I’ve Been Changed,” which addressed child abuse and forgiveness.

He performed this play in 1992 for the first time at a community theatre in Atlanta. He spent all his savings of $12,000 for this play.

However, only 30 people showed up. He was greatly disappointed, but he did not give up. He was adamant about achieving his goal.

Perry tried again in 1998 to capture the attention of the theatre audience by staging ‘I Know I’ve Been Changed.‘

He hired out Atlanta’s House of Blues for the occasion.

Tyler Perry as Madea (Source: Pinterest)

After all of the hard work and effort, he was able to achieve commercial success this time.

He then performed a second play, “I Can Do Bad All by Myself” in 1999. In this play, Perry created and portrayed his most iconic character, “Madea.”

Perry directed 11 Madea movies between 1999 and 2019.

Perry’s Big-screen Debut

With the film “Diary of a Mad Black Woman,” he made his big-screen debut in 2005. He raised $5.5 million for it by selling tickets to his stage production.

The movie was an instant hit, grossing $50.6 million in the US. It also received a 16 % approval rating on the film review website Rotten Tomatoes.

Perry’s next film, a remake of Madea’s Family Reunion, marked his directorial debut.

The film was at number one at the box office with $30.3 million on its opening weekend in 2006. Moreover, it ended up grossing $65 million.

Tyler Perry’s House of Payne, his new television series, premiered in 2006.

In the same year, he founded Tyler Perry Studios, one of the country’s largest film production facilities.

He released his first book, “Don’t Make A Black Woman Take Off Her Earrings: Madea’s Uninhibited Commentaries on Love and Life,” later that year.

In 2007, he published the film “Daddy’s Little Girls.”

His film “Meet the Browns,” released in 2008, was so successful that it was adapted into a television sitcom.

Tyler Perry: Interesting Facts

• Tyler derived his initial name from his father, which he wanted to avoid. At the age of 16, he legally changed his name from Emmitt Perry Jr. to Tyler. A DNA test also revealed that Emmitt Sr. was not his biological father.
• Perry was expelled from high school after a heated argument with a counselor. He did, however, receive his GED.
• Tyler was so broke in his early career that he slept in his car. He worked as a bill collector, bartender, waiter, and salesman to save $12,000 for his debut show.

FAQs

How much does Tyler Perry pay his actors?

Actor salaries at Tyler Perry Studios can range from $42,000-$45,000.

Is Tyler Perry married?

No, he isn’t. Tyler was in a relationship with model and activist Gelila Bekele since 2007. She also gave birth to their son on November 30, 2014.

After more than a decade of dating, they decided to call it quits in 2020.

How much is Oprah Winfrey’s net worth?

As of 2021, Winfrey’s net worth is estimated to be $2.7 billion, according to Forbes. She is the only Black woman billionaire in the States.

Oprah was also 2019’s 10th richest self-made woman in America.

Categories: Net Worth
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