Tyler Perry’s belief in ownership and himself has paid off.
The entertainment guru has been added to the billionaires list by “Forbes”.
The “Forbes” magazine stated that Tyler Perry allegedly received more than $1.4 billion in pretax income since 2005.
Tyler Perry stated that he owns everything from the lights to the sets, which makes a difference because now that he owns everything the returns are higher.
The writer, director and producer has also doubled on his investments since he started his career, he made sure of this even if it meant he needed to neglect his personal finances.
He stated that he loves it when people tell him that he comes from humble beginnings because it usually means that they are trying to say that he was very poor.
Tyler Perry used the wealth he received to build a strong name for himself and his company.
He paid $30 million for the property where his studio is in Atlanta, and invested $250 million into developing it into a proper studio, which has several sets and sound booths.
His studio is of historic importance since he’s the first Black person in the United States to own an independent film studio, and he has made this known showing his pride in the achievement.
Tyler Perry credited his little to no knowledge about the entertainment industry with contributing to his success.
He stated that he was ignorant to Hollywood and it is wonderful looking back at that, and now he mostly goes by his gut instinct and likes to challenge the system by doing things differently.