How Tyler Perry Achieved a Net Worth of $600 Million

Tyler Perry has had various roles in the entertainment industries. However, whatever else that can be said about him, there can be no doubt about the fact that he has been very, very successful in his chosen career. For proof, look no further than the fact that Forbes called him the highest-paid male entertainer between 2010 and 2011 with $130 million. Due to this, it is perhaps unsurprising to learn that Perry’s current net worth is estimated by some places to be around $600 million at the present time.

Perry was born Emmitt Perry Jr. Unfortunately, he did not enjoy a happy childhood because his father beat him on a regular basis. In fact, the situation got so bad that Perry attempted suicide, though he was able to find a measure of contentment because of his mother, who brought him to church on a weekly basis. On top of this, Perry was molested as a child by multiple people on multiple occasions, which was something that he was moved to reveal when he watched the 2009 movie called Precious.

How Did Tyler Perry Reach His Current Net Worth?

For various reasons, Perry never finished high school. However, he earned a GED instead. Eventually, when he was watching The Oprah Winfrey Show when he was in his early 20s, he learned that writing could have a therapeutic effect. This is how Perry was convinced to write a series of letters to himself, which went on to become the basis for a musical called I Know I’ve Been Changed.

Initially, I Know I’ve Been Changed was a financial failure, which must have been particularly hard-hitting because Perry had used up his life savings of $12,000 to finance the initial production. However, he didn’t give up. Instead, Perry continued to refine his work, with the result that he was eventually able to turn the refined version of I Know I’ve Been Changed into a success. Using that as a springboard, Perry proceeded to sell more than $100 million in tickets for more productions, which isn’t even counting the millions more brought in because of tapings as well as various kinds of merchandise. In particular, Perry was able to use these productions to build up a sizable following in African-American communities, which proved to be valuable when he moved into other kinds of media as well.

First, Perry used the proceeds from his stage productions to find $5.5 million for a budget for his first movie, which was called Diary of a Mad Black Woman. The movie wasn’t exactly welcomed by the critics, but it proved to be a success with $50.6 million in the United States. Since that time, Perry has continued making movies, as shown by the example of The Star that came out in November of 2017. Besides movies, it is important to note that Perry has also occupied himself with making TV shows as well. In fact, Perry’s The Haves and the Have Nots is one of OWN’s biggest successes with scripted shows so far, which is set to have a seventh season that will be starting up in January of 2019. On top of this, it is perhaps unsurprising to learn that Perry has published a couple of books as well, with the second having been released in November of 2017 to a fair amount of success.

Summed up, Perry seems to have built up his current net worth of $600 million through his success in various kinds of media. This is particularly remarkable because his success isn’t limited to a single kind of media but instead much more widespread than what most people could manage. Never mind the kind of circumstances that he was able to rise above.

Further Considerations

It seems safe to say that Perry’s current net worth might already be more than $600 million. This is because said figure was produced in 2017, meaning that it is more than a little bit out of date by this point in time. For that matter, Perry is far from his old age, which combined with his role as a comedic actor as well as a writer, meaning that he can continue to make money for decades to come. Due to that, it seems more or less guaranteed that his net worth isn’t going to just stop at $600 million.


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