Latest Celebrity News, Gossip, Photos & Videos

Tyler Perry, who was once homeless, is now a billionaire, Forbes says

Tyler Perry has become the latest billionaire in Hollywood, with Forbes Magazine announcing that the media mogul has earned more than $1.4 billion in pretax income since 2005.

Perry, who joins the likes of Oprah Winfrey, Steven Spielberg and George Lucas in the billionaire club, 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.

In his interview with the wealth-tracking outlet, Perry said he learned 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 told 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.”

Perry’s movies have reportedly all grossed $1billion in total.

“Ownership for me was easy because I was underestimated,” Perry expressed. “They said, ‘Sure, you can own it.’ They didn’t think it’d be worth anything.”

The attainment of billionaire status completes a remarkable rags to riches arc for Perry, who has admitted that he was homeless at one point as he pursued his dream. While he had found his path to redemption, he also said that he wished to see more minorities prosper in Hollywood.

“I wanted to foster an environment where minorities and women and LGBTQ, anybody who wanted to come and work and do a great job was welcome,” he said.

“What I found is, if you invest in the underdog, if you invest in the people who haven’t had the opportunity, the level of gratitude and understanding for what is happening for them is so powerful. It’s just wonderful.”