Net Worth: $1 Billion
Tyler Perry’s net worth has grown by upwards of $250 million per year in recent years, and his incredible success as an actor, director, producer, screenwriter, and more, has helped him build a net worth of $1 billion.
With more than 30 movies, 20 stage productions, and eight TV shows under his belt, Tyler Perry has proven to be one of Hollywood’s biggest heavyweights.
From single picture deals to a ViacomCBS deal that’s worth $150 million per year on its own, Tyler Perry has proven to have a keen eye on success in his business. Here’s how Tyler Perry’s net worth has become so massive in a relatively short period of time.
Tyler Perry’s Net Worth Was First Tied To His Stage Plays
When his career first started, Tyler Perry did not receive much love from Hollywood. However, his prowess as a writer allowed the Hollywood superstar to soon build a massive following for his stage plays.
Before he broke it big with movies and TV shows, he was selling 35,000 tickets per week to his shows. According to Bloomberg, by 2005, Perry was producing 300 live shows a year, and with merchandise and videos of the performance being sold, he was bringing in $100 million in annual ticket sales and $50 million in ancillary revenue.
Tyler Perry’s First Movie, Diary Of A Mad Black Woman Earned Him A Huge Payday
Diary of a Mad Black Woman was Tyler Perry’s first attempt at making a movie, and without major Hollywood studio support, he put up $2.5 million of the movie’s $5 million budget. In exchange for his portion of the film’s budget, Perry and Lionsgate agreed to split the movie’s profit 50-50.
Diary of a Mad Black Woman would go on to earn $21 million during its opening weekend and $50.7 million in total box office earnings.
Tyler Perry’s $30 Million Movie-Led Paydays
imagepressagency / Depositphotos.comAfter realizing such quick success on his first movie, Perry renegotiated his deal with Lionsgate and is believed to have made at least $30 million per movie for the next 14 films he made with the studio.
What’s equally as impressive is that Perry’s next 14 movies all made a profit, an incredible track record for a guy who entered Hollywood largely on his own terms.
The 14 “Madea” movies he made for the studio grossed over $700 million dollars at the box office and each film cost less than $10 million to produce..
Based on his role as producer, director, writer, and leading actor in those movies, Perry likely earned more than $300 million for his work with Lionsgate.
Tyler Perry’s BET+ Ownership Stake Is Worth $150 Million Per Year
Tyler Perry owns a 25% stake in BET+, and his deal with the service, which extends through 2024, earns him an estimated $150 million per year.
Perry has held an interest in the Black Entertainment Television Group for a while now and even attempted to acquire the entire company. In July 2023, the NY Post reported that Perry, with backing from a private equity group, made a $2 billion offer to buy the company. According to that report, the deal was $1 billion short of what owner Paramount Global was asking.
The deal would have given Perry control of cable channels BET and VH1 along with the BET+ streaming service.
Tyler Perry’s Netflix Deal Is Another Boost For His Net Worth
Tyler Perry and Netflix announced on October 23, 2023 that they had agreed to a new multi-year, first-look deal. Under terms of the agreement, Perry will write, direct, and produce multiple feature films for the streaming giant.
The first film to come from that deal is Six Triple Eight which stars an ensemble cast that includes Kerry Washington.
Perry has already earned millions from his work with Netflix, which has included A Jazzman’s Blues, A Madea Homecoming, and A Fall from Grace.
Terms of Perry’s Netflix agreements haven’t been made public, but we can make an educated guess that his deal is worth at least $100 million to $150 million. That’s what Shonda Rhimes agreed to with Netflix in 2017 for her first-look deal. Adam Sandler’s net worth has improved rapidly as well, thanks to a Netflix deal that has earned the comedian hundreds of millions, and there’s a chance Tyler Perry’s deal also features a per-movie guarantee. Sandler and Perry have both taken the same approach to moviemaking by producing movies quickly and on the cheap.
Tyler Perry’s TV Empire Also Adds To His Net Worth
Featureflash / Depositphotos.comTyler Perry’s House of Payne was a hit for the CW, and with massive audience numbers, Perry and the show were lured away to the tune of $200 million by TBS. The deal included a 90-episode commitment, and Perry would be able to retain all of his ownership of the TV series.
What might be most impressive is that, according to Forbes, Tyler Perry only spent $62 million producing those 90 episodes and pocketed the other $138 million.
A Studio Of His Very Own
Tyler Perry’s Net Worth In 2023 is $1 billion, and he has put some of his money to good use. In Atlanta, Georgia, Perry built his own movie studio.
Tyler Perry’s movie studio includes 12 soundstages and sets, which Forbes revealed includes a replica of the White House.
By owning his own movie studio, Tyler Perry can produce his movies and TV shows at a reduced cost, once again pocketing larger profits than most people in his position can expect from Hollywood.
