Billionaire Tyler Perry Opens Up About Self-Funding His Studio — ‘I Haven’t Been In A Position Where I’ve Had To Use Private Equity’

“I learned early on the power of us. I was on tour performing 300-something performances a year, making 75-80 million from us,” Perry explained during Invest Fest.

He added, “This thing that a lot of elitist Black people wanna look down on is called ‘The Chitlin Circuit,’… but what they’re missing is the power of the Black dollar, and when the Black dollar shows up, it shows up in an enormous way. So when I got to Hollywood, I didn’t need to ask anybody for money. I didn’t need to ask them to give me a green light on a film. ‘Cause I had us, and I still have us.”