billionaire Archives - Daily Concord https://dailyconcord.com/tag/billionaire/ The Concord of African Journalism Tue, 01 Sep 2020 19:37:37 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.4 https://dailyconcord.com/wp-content/uploads/2019/01/cropped-DailyConcordIcon-32x32.png billionaire Archives - Daily Concord https://dailyconcord.com/tag/billionaire/ 32 32 Tyler Perry – From Poor as Hell to Billionaire https://dailyconcord.com/tyler-perry-from-poor-as-hell-to-billionaire/ Tue, 01 Sep 2020 19:37:31 +0000 https://dailyconcord.com/?p=14904 Tyler Perry – Damn, it’s hot out here,” says Tyler Perry, who isn’t making it easy

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Tyler Perry
Damn, it’s hot out here,” says Tyler Perry, who isn’t making it easy on himself, clad in all black but for the shock of a white mask, as he directs a 12-person crew through a scene for the BET comedy Sistas. Last year, Perry might have avoided shooting in Atlanta’s July sun, but in this coronavirus era, you take any window you can, and “Camp Quarantine” at his Tyler Perry Studios is trying to pioneer post-pandemic entertainment making. 

“Get out of the car,” he calls out to an actor in a cop car who walks over to a silver pickup driven by show regular Devale Ellis. Then he feeds Ellis his line—“What’d I do?” No one seems to have seen the script. When you’re looking to get an entire season of primetime television in the can in 11 days—all before the rest of Hollywood has made it out of hiding—corners must be cut. 

Away from the shoot, sitting alone on a metal folding chair in the centre of a cavernous and empty soundstage, a container of Lysol wipes at his feet, Perry explains his method. “I mostly go on my gut and my instinct. I like to challenge the system and see what I can do differently.” 

That’s an especially winning strategy in a system that feels stacked against you. Mostly dismissed by the Hollywood establishment and even some other Black luminaries (Spike Lee once derided Perry’s crass slapstick approach as “coonery buffoonery” before later relenting), Perry has succeeded for two reasons: He has honed a product that too many others viewed as destined for the discount bin. And he made sure to control it all. 

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. Quite a lifestyle for a once-homeless playwright raised in poverty in New Orleans. Today, Forbes estimates his net worth at $1 billion, with a clear path to future membership in The Forbes 400. 

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“I love when people say you come from ‘humble beginnings,’ ” he says. “[It] means you were poor as hell.” It also makes success sweeter. “Ownership,” he adds, “changes everything.” 

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Kylie Jenner, 21, overtakes Mark Zuckerberg to become the youngest self-made billionaire of all time https://dailyconcord.com/kylie-jenner-21-overtakes-mark-zuckerberg-to-become/ Tue, 05 Mar 2019 21:09:14 +0000 https://dailyconcord.com/?p=13911 Kylie Jenner is officially the youngest self-made billionaire of all time, snatching the title from

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Kylie Jenner is officially the youngest self-made billionaire of all time, snatching the title from Facebook founder Mark Zuckerberg. 

Jenner, 21, was finally given the title after months of speculation on Tuesday by Forbes as it unveiled its annual billionaires list. 

At 21, she is both the youngest self-made billionaire and the youngest billionaire on Forbes’ ‘young billionaires’ list. 

Jenner has amassed a personal net worth of $1billion through her wildly successful range of make-up, Kylie Cosmetics. 

Jenner is the youngest in her famous, reality TV family and the first to hit the billion dollar landmark. 

She was surprised by the success of her cosmetics company which was only founded in 2015 but is now worth an estimated $900million. 

Jenner, who owns a 100 percent stake in it, has separate income from endorsements and her family’s reality TV show. She also owns an impressive portfolio of real estate. That’s a nice pat on the back  Kylie Jenner on becoming the world’s youngest self-made billionaire   

‘I didn’t expect anything. I did not foresee the future. But [the recognition] feels really good. 

‘That’s a nice pat on the back,’ Jenner told Forbes. 

She credits her success to her enormous social media following which ensured her customer base before she made her first product. 

‘It’s the power of social media. I had such a strong reach before I was able to start anything,’ she said, adding that she sees the company going ‘very far’. 

‘I see [Kylie Cosmetics] going very far. I work really hard,’ she said. 

Her mother Kris would not rule out that she may sell the company in the future. 

‘It’s always something that we’re willing to explore,’ she said. 

Only two of the star’s sisters congratulated her success. Kendall, her closest in age, posted on Twitter and Instagram in support of her whereas Kim tweeted her pride.  

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Only two of Kylie's famous sisters congratulated her on social media 

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Only two of Kylie’s famous sisters congratulated her on social media 

Jenner was also congratulated by her boyfriend and the father of her child, Travis Scott 

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Jenner was also congratulated by her boyfriend and the father of her child, Travis Scott 

Facebook founder Mark Zuckerberg (left) was the youngest self-made billionaire when in 2008 when he was 23. Also on this year's list is Snapchat founder Evan Spiegel (right with his wife Miranda Kerr). At 28, he has a fortune of $2.1billion and is the richest of the young, self-made billionaires 

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Also on this year's list is Snapchat founder Evan Spiegel. At 28, he has a fortune of $2.1billion and is the richest of the young, self-made billionaires

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Facebook founder Mark Zuckerberg (left) was the youngest self-made billionaire when in 2008 when he was 23. Also on this year’s list is Snapchat founder Evan Spiegel (right with his wife Miranda Kerr). At 28, he has a fortune of $2.1billion and is the richest of the young, self-made billionaires 

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