According to the business magazine, Perry is now worth $1 billion and he has earned over $1.4 billion pre-tax since 2005.
It is also common knowledge that Perry owners the entirety of his studio setup including 1,200 television episodes, 22 films, at least two dozen plays and a 330-acre studio lot in Atlanta.
The filmmaker told Forbes that he learned the value of ownership at a young age. He said:
“My father was a subcontractor, and he would get paid on Fridays and be so happy that he had made $800,” he recalled to Forbes. “But I would watch the man that owned the house sell it and make $80,000.
“So I always knew that there was more power in the man that owned the house rather than the man that actually was working on it and building it. So I always wanted to be the guy that owned the house.
“Ownership for me was easy because I was underestimated. They said, ‘Sure, you can own it.’ They didn’t think it’d be worth anything.”
Perry has also been praised and attacked for casting majorly black people in his movies. On that, he says:
“I wanted to foster an environment where minorities and women and LGBTQ, anybody who wanted to come and work and do a great job was welcome.
“What I found is, if you invest in the underdog, if you invest in the people who haven’t had the opportunity, the level of gratitude and understanding for what is happening for them is so powerful. It’s just wonderful.”
Tyler Perry now joins a host of black billionaires which also include Robert F. Smith, Michael Jordan, Oprah Winfrey, David Stewart, Jay-Z and Kanye West.