It’s has been reported by Forbes that Tyler Perry is now a billionaire!

The media mogul has accumulated a net worth of $ 1 billon dollars upon review by Forbes. Joining the billionaire club with the likes of Jay z and his close pal and mentor Oprah Winfrey.

Here’s the break down:

Via TMZ.

Here’s the 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

Congratulations Tyler Perry This is well deserved!!!

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