Hollywood actor and filmmaker, Tyler Perry has been named a billionaire by Forbes magazine.
The financial publication conferred the producer, director, playwright and actor with the billionaire status, estimating his net-worth at 1 billion dollars.
Tyler Perry has since 2005, earned more than $1.5 billion in pretax income, according to Forbes.
Forbes shared a clip of the latest issue via its official Instagram page, and it had the latest Hollywood billionaire as its cover star.
Perry has earned $1.4 billion in pre-tax income since 2005, and is currently worth $1 billion in total. A development which is a result of the fact that he owns 100% of everything he creates. This includes a bevy of TV series, dozens of films, and multiple successful stage productions.
The filmmaker also recently changed the filmmaking game for himself when he opened his own 330-acre studio lot in Atlanta, Georgia, USA.
300 million dollars worth of his wealth resides in investments and cash, $60 million comes from his stake in BET, $280 million comes from the value of his studio lot, and $40 million resides in his homes and personal material assets.
His largest source of wealth, however, comes from his library of film and TV media rights, valued at $320 million.
