Has Tyler Perry bought BET? There’s no official word yet. What is widely known is that Atlanta movie mogul Tyler Perry is now a billionaire.
The “Madea” creator has made a series of shrewd business decisions over the last 20 years to grow his religious plays into culturally relevant full-length movies with moral endings.
How Tyler Perry Became A Millionaire
Most of Perry’s wealth is tied into his content, which he owns outright. A quarter of his worth comes from Tyler Perry Studios, which he bought from the city of Atlanta and transformed into a historic movie house.
The actual breakdown of Perry’s wealth is this:
- Cash and Investments — $300 million
- Stake in BET+ — $60 million
- Homes and Toys — $40 million
- Film Library — $320 million
- Tyler Perry Studios — $280 million
Perry says he was told that the audience he was catering to wouldn’t be able to support full-feature films.
“ ‘Black people who go to church don’t go to the movies,’ ” Perry told Forbes that he was told back then. “I came from a place where Black people had already embraced me and loved me. I was completely happy there, and still am.”
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