American Actor, Writer, Producer and Director, Tyler Perry, has officially become a billionaire, according to Forbes.
It was revealed that the 50-year-old has a networth of about $1 billion and has earned more than $1.4 billion in pretax income since 2005.
Forbes also reported that filmmaker owns the entirety of his creative output, which includes more than 1,200 television episodes, 22 films, at least two dozen plays and a 330-acre studio lot in Atlanta.
Tyler Perry told the magazine that he learnt the value of ownership at a young age.
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.” he added.
Tyler Perry billionaire status is coming after the likes of Robert F. Smith, Michael Jordan, Oprah Winfrey, David Stewart, Jay-Z and Kanye West, were earlier announced as Billionaires by the American Business Magazine, Forbes.