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.”
His success culminated in fall 2019 when he opened Tyler Perry Studios in southwest Atlanta.Celebrities like Beyonce, Oprah Winfrey, and even former President Bill Clinton and Secretary of State Hillary Clinton were on hand for the star-studded event.
What’s Next For Tyler Perry?
Perry is currently finishing his mansion in Douglas County, Georgia. The actor and producer bought the acreage back in 2013 with plans to build on it at some point. I guess the time is now. The massive estate is currently under construction.
According to TMZ, Perry is investing a lot of planning into the property because he wants his young son to appreciate nature as well as animals, which the property will have plenty of.
Tyler Perry Studios Expansion
In 2022, Perry made a $8.4 million purchase of 37 additional acres next to his Tyler Perry Studios property come with some bodacious plans.
Perry plans to use the land parcels to transform the area into an entertainment, retail, and restaurant district that would include shops, a movie theater and more.
The businesses would be a welcome addition to rejuvenate what has been a long-forgotten area when it comes to amenities and basic food stores.
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