Tyler Perry: A Creative Entrepreneur and Philanthropist
A Year of Success
The phenomenal actor, director, producer, author, screenwriter, playwright, songwriter, entrepreneur, and philanthropist has done it once again. A man who embodies the essence of creativity and greatness has produced one of the world’s favorite acts, reminding us of our mother, aunt, or even the neighbor across the street. The beloved “Madea.”
For the second year running, Perry was included among the “World’s 10 Highest-Paid Entertainers” by Forbes.
A Billionaire at the Top
According to the publication, the wealthiest list of artists, singers, and celebrities this year took home $1.35 billion. Jay-Z and Kanye West are two well-known figures who were left off the list.
In addition to being the only Black performer on Forbes’ yearly list, Perry is the “sole billionaire” to do so. The reason for the focus is a prosperous year fueled by revenue from Tyler Perry Studios, BET TV series, and motion pictures.
Perry, whose claimed income was $175 million, came in third.
A Successful Expansion
Furthermore, he is headed for yet another successful year. As previously reported, Perry paid $8.4 million to add 37 acres to his 330-acre production backlot located in Atlanta. A restaurant, retail, and entertainment district will be supported by the expansion. Although the property title was obtained in December 2022, the sale was completed in 2021.
Creations and Ownership
Perry also fully owns all his creative creations. Around 1,200 television episodes, 22 feature films, at least 24 stage plays, and Tyler Perry Studios are included in this, according to Forbes.
“I own the lights. I own the sets,” Perry discussed his production lot with Forbes. “So that’s where the difference is. Because I own everything, my returns are higher.”
A Pact with ViacomCBS
According to the source, Perry has an agreement with ViacomCBS that pays him $150 million a year to produce 90 or more episodes for BET and other Viacom networks by the year 2024. Perry will regain ownership of the rights when the agreement expires.
Perry stated in press news, “Viacom has a rich tradition of reaching my audience through their TV, film, and digital platforms and I am excited to partner with them.” He added, “I am eager to have one home where I can leverage all of their assets to tell my stories to an even wider audience. I have been very blessed to have worked with the incredible people at Lionsgate and OWN over the last few years and I look forward to continuing my work with them on a non-exclusive basis.”
Conclusion
Tyler Perry’s success is a testament to his hard work and dedication to his craft. With his creative empire thriving, he continues to leave a lasting impact on the entertainment industry.
FAQs
What is Tyler Perry’s latest achievement?
He was included in Forbes’ list of World’s 10 Highest-Paid Entertainers for the second year running and is the sole billionaire in the list.
What is Perry’s source of income?
Perry’s income comes from a variety of sources, including revenue from Tyler Perry Studios, BET TV series, and motion pictures.
What agreement does Perry have with ViacomCBS?
Perry has a pact with ViacomCBS that pays him $150 million a year to produce 90 or more episodes for BET and other Viacom networks by the year 2024. He will regain ownership of the rights when the agreement expires.