Tyler Perry is an American performer, filmmaker, dramatist, and maker who possesses a substantial fortune.
Tyler Perry is, by far, one of the most economically successful directors in the entertainment business.
During his career, he has directed and created over 30 movies, 20 stage productions, and eight TV shows.
Each year, he earns between $200 and $250 million from his extensive entertainment empire. His production company currently earns $150 million per year from a single deal with venues.
Wealth of Tyler Perry
According to the most recent estimates, as of 2022, Perry’s net worth has been approximated to be in the $800 million to $1 billion range.
Film Achievement: Starting from his self-made triumph, Perry approached production studio Lionsgate with a proposition.
Perry would contribute half the funds for an upcoming film requiring a $5.5 million budget. Lionsgate provided the other half and took a small fee for marketing and a 12% fee for distribution.
They would evenly split the profits after these expenses.
Their initial movie under this agreement was 2005’s Diary of a Mad Black Woman, which earned $50.6 million domestically and eventually garnered an additional $150 million from TV syndication and home video sales. Under his Lionsgate deal, Perry possesses the content and retains half the profits.
Perry’s first time directing was in 2006 with his second film, Madea’s Family Reunion, which debuted at the top of the box office with $30.3 million.
The movie ultimately made $65 million. (And he has directed each of the subsequent Madea films.)
Tyler produced 14 “Madea” movies. Those films grossed nearly $700 million at the box office. Each film cost less than $10 million to make.
Because Perry writes, directs, and produces all of his movies almost entirely independently, he can take home the majority of each of his film’s profits. A majority amounting to approximately $300 million.
Perry’s movies are typically geared towards an African American audience and frequently include subtle references to Christianity.
Television Achievement: Perry’s successful sitcom, Tyler Perry’s House of Payne, aired for eight seasons— from June 21, 2006, to August 10, 2012.
The series initially aired on CW and generated unexpectedly high ratings for the emerging network. TBS enticed Perry and Payne away from CW by offering him a $200 million production guarantee plus a commitment of 90 episodes.
Also, Tyler would have ownership of the show. Tyler notably spent only $60 million on production costs. He retained the remaining $140 million for himself.
He also wrote, directed, and produced Meet the Browns, which premiered on TBS in January 2009 and concluded on November 18, 2011.
Other Endeavors: Perry has had several acting roles in films such as Star Trek (2009), Alex Cross (2012), Gone Girl (2014), Teenage Mutant Ninja Turtles: Out of the Shadows (2016), and Vice (2018).
Additionally, Perry has authored two books: Don’t Make a Black Woman Take Off Her Earrings: Madea’s Uninhibited Commentaries on Love and Life (2006), which sold 30,000 copies and reached #1 on the New York Times Best Sellers list, and Higher is Waiting (2017), which debuted at #5 on the New York Times Best Sellers list.
