Tyler Perry Is Officially A Billionaire

Now this is something to celebrate. After years of consistency and hard work, Tyler Perry is now officially a billionaire, according to Forbes.

The publication — which famously tracks the wealth of celebrities and business leaders across the globe — revealed in a new cover story that Tyler has taken in $1.4 billion in pre-tax income since 2005, and is currently worth $1 billion in total.

The filmmaker, who comes from humble beginnings, has always been vocal about his journey to success. He’s told his story of being homeless and having to sleep in the car — and the sacrifices he had to make in order for things to happen in his career.

According to Forbes, Tyler’s wealth is a result of his admirable business sense, and the fact that he owns 100 percent of everything he creates. This includes TV series, dozens of films, and multiple successful stage productions.

Tyler also recently changed the filmmaking game when he opened his own 330-acre studio lot in Atlanta, Georgia.

Forbes further broke down Tyler’s wealth with a graph showing $300 million 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, or “toys” as the publication refers to them.

The largest source of his wealth comes from his library of film and TV media rights, which the publication values at $320 million.

Tyler recently retired his character Madea, who put him on the map. Her farewell tour is available on BET+.

Congratulations, Tyler Perry! You’re an inspiration to us all.