Allen is an American businessman, philanthropist and television producer. He is best known for leading the U.S. media corporation Entertainment Studios. As of 2022, Byron Allen’s net wealth is $450million.
BEVERLY HILLS, CA – MARCH 28: Actor Jason Clarke (L) and Byron Allen, CEO, Entertainment Studios arrive at the premiere of Entertainment Studios Motion Picture’s “Chappaquiddick” at the Samuel Goldwyn Theatre on March 28, 2018 in Beverly Hills, California.
|Full Name||Byron Allen Folks|
|Birth Date/Age||April 22, 1961/60 Years Old|
|Birthplace||Detroit, Michigan, USA|
|Source of wealth||Media / Business|
|Status of a Relationship||Jennifer Lucas is my wife|
|Height||5 ft. 8 in. / 176.8 cm.|
|Net Worth||$450 Million|
Byron Allen Folks was a child of Robert and Carolyn Folks in Detroit, Michigan. When he was young, Byron’s parents split up, leaving him to live solely with his mother.
His mother and he moved to Los Angeles when he was seven years old. His mother was hired as a publicist in Los Angeles. NBC studios Burbank, California. Allen immediately became interested in the showbusiness.
He created his first stand up routine at the age of 14! Then, he began performing his routine at the LA Comedy Clubs.
Allen earned his education at Fairfax High School and then went on to earn his degree from University of Southern California (USC).
BEVERLY HILLS, CA – MARCH 28: (L-R) Byron Allen, CEO, Entertainment Studios, his mother Carolyn Folks, co-founder, Entertainment Studios and actor Jason Clarke pose at the after party for the premiere of Entertainment Studios Motion Picture’s “Chappaquiddick” at the Samuel Goldwyn Theatre on March 28, 2018 in Beverly Hills, California.
Byron Allen Net Worth & Career
Remarkably, Allen was invited by Jimmie Walker to join his comedy writing team alongside prominent comedians Jay Leno and David Letterman. Allen was just an adolescent at the time.
When he was 18, Allen debuted on The Tonight Show Starring Johnny Carson. He then booked a gig as a regular presenter on the NBC series Real People.
Three years later, his show called Kickin’ It with Byron Allen was picked up and ran for 21 seasons. He founded Entertainment Studios in 1993.
Subsequently, the studio’s very first series, Entertainers with Byron Allen, was launched.
Entertainment Studios has produced shows in many different genres over the years, including sitcoms as well game shows and court shows, talk/magazine shows, syndicated specials, and court shows.
In 2015, the studio acquired Freestyle Releasing, which was used to expand into film distribution. 47 Meters Down was the studio’s first film. $44 million At the box office
The studio has also made many other notable acquisitions over the years. First, they bought The Weather Channel in 2018. Second, they partnered with Sinclair Broadcast Group in Diamond Holding Group to acquire Fox Sports Networks.
How Is Byron Allen So Rich?
Allen is smart about his revenue model, and has built a media empire. Allen allows his shows to be licensed by other networks for no cost, which gives him the ability to sell 50% of the advertising.
Allen has actually received substantial amounts of money from lawsuits. Through the years, he has sued Comcast, AT&T and Charter Communications, along with McDonald’s in a $10 billion suit.
The Business mogul His mark has been made in the real estate business as well. In 2018, he purchased a Hawaiian island home worth nearly $23million. The next year, he purchased a 3,000 sq. ft. condo in one of Manhattan’s most expensive buildings.
He also recently purchased a Beverly Hills mansion for $19.9 million and a Aspen home worth $27 million.
Very recently, Allen announced he would be bidding to buy the NFL sports franchise the Denver Broncos. He would be the first African American NFL Owner if the franchise was purchased.
Byron Allen Instagram, and Twitter
Allen is not the most influential social media user, but he does have a few followers on several platforms. He has 15,600 followers in his Twitter account. Instagram account. He also has 16,100 Twitter Followers at this point.
Louie Anderson was a loving, beautiful soul who made the world a better place and made us all laugh. A great human being, a great friend and a great loss. pic.twitter.com/R0ME91lGwU
— Byron Allen (@RealByronAllen) January 25, 2022
Byron Allen Net Worth
The net worth of Byron Allen is $450 million. This figure was built over decades of success in the entertainment business. Allen is not a household name but he has quietly built an empire within the Hollywood world.
HOLLYWOOD, CALIFORNIA – OCTOBER 20: Byron Allen attends the Hollywood Walk of Fame Star Ceremony for Byron Allen on October 20, 2022 in Hollywood, California. (Photo by Emma McIntyre/Getty Images).