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Atlanta’s Tyler Perry becomes billionaire, according to Forbes

ATLANTA — Actor. Writer. Producer. Media mogul. Now add one more title to his name: Billionaire.

Atlanta’s own Tyler Perry has officially joined the billionaire’s club, according to Forbes Magazine.

There are more 600 billionaires in the U.S., but only a handful of black billionaires, such as Oprah Winfrey, Robert Smith, David Steward, Jay-Z, Kanye West and Michael Jordan.

Now, Perry joins the list.

Forbes estimates his net worth at $1 billion, with this breakdown of his fortune:

  • $60 million stake in BET
  • $320 million in his library of TV series and movies
  • $280 million in 330-acre Tyler Perry Studios
  • $40 million in homes and toys
  • $300 million in cash and investments

Almost as much as he is known for his entertainment, Perry is also beloved for his charitable contributions to metro Atlanta and the world.

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It’s not uncommon for Perry to personally call the WSB-TV Newsroom after a story airs on Channel 2 Action News about a person or family going through a rough time. He then offers a very generous donation to help the person in need. This has happened countless times over the years.

Recently during the pandemic, Perry paid for the groceries of senior citizens shopping during designated senior hours at 44 Kroger locations throughout Atlanta.

Just days prior, he left a $500 tip for each out-of-work server at Houston’s restaurant on Northside Parkway, totaling $21,000.

Tyler Perry continues to work during COVID-19 pandemic

Even during the COVID-19 pandemic, Perry has found a way to continue production at Tyler Perry Studios by creating “Camp Quarantine.”

[Take a look inside Tyler Perry’s ‘Camp Quarantine’]

Perry developed a 30-page plan to keep everyone in a bubble every step of the way.

Cast members are tested and then quarantined at home for 16 days before a private plane takes them to the former Army barracks that now house the studios.

They stay there for two weeks of filming and eat, sleep and work together during the two-week period.

Once on set, cast and crew members are tested every four days. Masks are mandatory except during scenes.

“So once I started to get the information and understand this virus a lot more, I thought maybe this is possible,” Perry said. “We all moved in and we just finished our first television show successfully with no positives throughout the quarantine bubble.”

K.J. Smith is one of the stars of “Sistas,” Perry’s first show to return to production.

“I tell people all the time, I 100% trust Tyler Perry,” Smith said. “He treats us like we’re his relatives. So I knew that we would be fully protected.”

The set up is not cheap. Perry said he spent $18 million to get back in operation.

Tyler Perry helps fight against human trafficking

Recently, Perry joined with Georgia’s First Lady Marty Kemp, urging people to join in the fight against human trafficking.

Perry recorded a one-minute public service announcement video for Kemp, who created the Georgians for Refuge, Action, Compassion, and Education Commission (GRACE).

“Sadly it’s happening right here in our backyard in Georgia, in small towns and big cities. Thousands of victims are trapped and they need our help. Unfortunately, many are being trafficked by the very people they trust the most like their friends and family,” Perry said.


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