Tyler Perry is officially a billionaire

Tyler Perry is officially a billionaire according to a Forbes report. The renowned actor, writer, producer, comedian and director was listed in 2011 by Forbes as the highest-paid man in entertainment, earning US$130 million between May 2010 and May 2011. 

Perry raised a US$5.5 million budget in part from the ticket sales of his stage productions to fund his first movie, Diary of a Mad Black Woman, which went on to gross US$50.6 million domestically, while scoring a 16% approval rating at the film review web site Rotten Tomatoes. Perry made his directorial debut on his next film, an adaptation of Madea’s Family Reunion, and has directed all of his subsequent Madea films.

On its opening weekend, February 24–26, 2006, Madea’s Family Reunion opened at number one at the box office with $30.3 million. The film eventually grossed $65 million. Perry and his co-stars promoted the film on The Oprah Winfrey Show. As with Diary, almost all of the Madea’s earnings have been generated in the United States. 

The 51-year-old entertainer owns the entirety of his creative output, including more than 1,200 episodes of television, 22 feature films and at least two dozen stage plays, as well as a 330-acre studio lot at the edge of Atlanta’s southern limits. He used that control to leverage a deal with ViacomCBS that pays him $150 million a year for new content and gives him an equity stake in BET+, the streaming service it debuted last September. Forbes estimates Perry has earned more than $1.4 billion in pretax income since 2005, which he used to buy homes in Atlanta, New York, Los Angeles and Jackson Hole, Wyoming, as well as two planes.