Tyler Perry has officially been confirmed as the richest man in Hollywood by Forbes.

Tyler Perry has earned more than $1.4 Billion since 2005, and he’s worth $1 Billion right now. Forbes published a cover story of Tyler Perry and his road towards success. Perry owns the entirety of his creative output, which includes more than 1,200 television episodes, 22 films, at least two dozen plays, and a 330-acre studio lot in Atlanta.

We have a new Billionaire in Hollywood!