American actor, Tyler Perry is Hollywood’s latest billionaire, Forbes reports.
The 51-year-old entertainment mogul’s lofty net worth was tabulated via earnings including $300 in personal wealth, content catalog worth $320 million, in addition to his real estate holdings and 330-acre Atlanta studio.
Here’s a breakdown of how Forbes is calculating Tyler’s milestone net worth:
— $320 million for his entire library of movies, TV shows, plays, etc., as he owns 100% of the content he’s created
— $300 million in cash and investments
— $280 million for Tyler Perry Studios, which sits on 330 acres in Georgia
— $60 million for his equity stake in BET+, the streaming service that debuted last year.
— $40 million in homes and toys
That’s $1 billion!