Given that they all have enormous fan bases throughout the world, one would assume that Tom Cruise, Shah Rukh Khan, or Dwayne Johnson would be the richest actors in the world. However, a new study appears to indicate that none of these celebrities genuinely hold the title of richest person in the world. According to sources, the richest actor in the world is an Atlanta-based actor, composer, and director.

With a $1 billion net worth, Tyler Perry is the world’s wealthiest actor, according to a new Forbes study. Shah Rukh Khan is not the richest actor in the world, despite earning USD 60 million year, which puts him on level with actors like Dwayne Johnson, Tom Cruise, George Clooney, Robert De Niro, Arnold Schwarzenegger, and Adam Sandler.

Who is Tyler Perry and how is he the richest actor in the world?

This 53-year-old Perry is not only known for his acting but also for his songwriting and filmmaking skills. For those who aren’t quite well versed with Hollywood actors, his name may not instantly ring a bell but Perry has been part of several blockbuster films in his career.

A self-made billionaire, Perry’s incredible success story began with shooting and filming the first 10 episodes of House of Payne. The show caught the attention of The CW and was subsequently purchased by the network.

Tyler’s deal with TBS truly propelled his career as the network agreed to air the next 90 episodes of House of Payne, with Tyler retaining full ownership, in exchange for a whopping$200 million. Forbes estimates that Tyler earned an impressive $138 million from this deal alone, marking a remarkable milestone in his journey.

Tyler’s famous Madea movies have all beebn phenomenal success, grossing over $660 million in total and generating $290 million in profits. Tyler both stars in and produces these films and hence retains a considerable percentage of the profits earned.

As per Forbes, Perry owns 100% of the content he has created, allowing him to keep the majority of the proceeds from his diverse body of work, including more than 1,200 television episodes, several stage plays and 22 movies.

Beyond his creative activities, Tyler has achieved success. He has a lucrative arrangement with ViacomCBS that pays him $150 million a year and gives him a 25% equity position in BET+. This share alone is worth, according to Forbes, $60 million.

Tyler allegedly has $300 million in cash and investments, $40 million in buildings and other assets, including his two private planes, and another $20 million in investments. His studio is worth $280 million, while his filmography is worth about $320 million.