Entertainment - Featured - International - March 11, 2021

Tyler Perry is officially a billionaire

Since parting ways with Lionsgate, Perry has had a number of much-talked-about
partnerships with Viacom, BET’s parent company, and the Oprah Winfrey Network.
In a September profile, Forbes estimated that approximately $60 million of Perry’s billion-
dollar net worth came from his stake in BET.

In 2017, Perry signed a contract with Viacom, BET’s parent company, to produce exclusive
original content for BET. The deal is slated to run through 2024 and didn’t start until after
Perry’s contract with OWN ended in 2019.

This multi-year partnership grew into creating a video-on-demand subscription service in
2019 known as BET Plus, Variety reported. It will feature Perry’s extensive library of work as
well as BET programming.

In 2015, Perry forked out $30 million to buy over 300 acres of a former US Army base in
Atlanta. Tyler Perry Studios sits on that plot. Forbes estimates the studio is worth $280
million.

Indie Wire noted that the land used to be a base for the Confederate Army, a point Perry has
acknowledged. In a 2019 BET awards speech, he said, “while you’re fighting for a seat at the
table, I’ll be down in Atlanta building my own.”

Marvel megahit ;Black Panther was one of the first movies shot at the studio’s new stages,
AJC reported. Perry took Architectural Digest on a tour of the property in 2019, which
comes with neighborhoods, mansions, and even a replica of the White House.

Perry has built an impressive real estate portfolio over the years that consists of several
multimillion-dollar properties in Atlanta, Los Angeles, and Wyoming.

Perry bought a 34,000-square-foot house in Atlanta in 2007 for $9 million. It has seven
bedrooms, 14 bathrooms, a helipad, an infinity pool, and a tennis court.

He sold the home to David Turner, an entrepreneur and evangelist, nine years later in 2016
for $17.5 million. Steve Harvey bought the house for $15 million in June 2020.

Perry owns a mansion worth $18 million in the swanky Beverly Hills neighborhood. He
hosted Prince Harry and Meghan Markle in the 8-bedroom, 12-bathroom villa after they
moved to Los Angeles and were cut off by the royal family in 2020, the pair confirmed
during their Sunday night tell-all interview with Winfrey.

Architectural Digest reported in November 2019 that Perry also owns a log cabin in Jackson
Hole, Wyoming, and a previously uninhabited island in the Bahamas. It’s unclear how
much each property is worth.

Real estate isn’t his only major investment. Perry owns a $150 million private jet that he
used to fly water and other necessities to the Bahamas in the aftermath of Hurricane Dorian
in September 2019.

Perry is also known to be generous with his wealth. In July 2020, he gifted approximately
$50,000 in grocery-store gift cards to those to needed help. He also runs The Perry
Foundation, which helps with areas like education, human rights, and health.

Source: Business Insider

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