American’s top filmmaker Tyler Perry is the latest billionaire in Hollywood. Tyler’s net worth just jumped and made him the newest official member of the billionaire club, according to a new Forbes report detailing his rise from being “poor as hell” to rich and powerful.

Here’s a 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. Add it all up and that’s a cool $1 billion.

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Harvey Levin interviewed Tyler back in 2017 for the show, “OBJECTified,” and Perry explained how he believed in betting on himself and why he relishes commercial success in addition to artistic success.

Perry joins a shortlist of celebrity billionaires which include Kanye West, JAY-Z, Oprah Winfrey, Steven Spielberg and George Lucas.

The filmmaker, however, has made sure to put a great deal of his wealth to good causes. The media mogul’s philanthropy and hard work through his charitable foundation, The Perry Foundation, has even earned him a special Emmy, which he will receive at the ceremony later this month.

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