Byron Allen Net Worth 2022: How Much Money Does The Businessman Have?

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Byron Allen Net Worth 2022: Byron Allen was born on April 22, 1961, and he has worked as a talk show host, comedian, TV producer, film director, screenwriter, businessman, actor, and TV director.

This page includes information such as Byron Allen’s estimated net worth in 2022 as well as his biography, age, height, weight, awards, and more as a talk show host, comedian, film director, screenwriter, entrepreneur, actor, and TV director. Byron Allen’s career has taken off, and he now commands a respectable fan base and salary. Here you find out information about Byron Allen Net Worth 2022.

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Early Life

Byron Allen Folks was born on April 18, 1961, to Robert and Carolyn Folks in Detroit, Michigan. Byron lived with his mother when his parents divorced when he was a small child. He and his mom relocated to California when he was about seven years old.  She was able to secure a position as a publicist at the NBC studios in Burbank, California, where he grew up. 

The entertainment industry instantly piqued Allen’s interest. It’s impressive that he wrote his first stand-up routine when he was just 14 years old. After that, he took his act to comedy clubs across Los Angeles. Allen attended Fairfax High and later went on to complete his schooling at the University of Southern California (USC). Scroll down and read Byron Allen Net Worth 2022.

Byron Allen Net Worth 2022

Famous for his financial acumen, his sense of humor, his work as a TV producer, and his generosity, Byron Allen is a multitalented man. In his current role, he oversees operations at Entertainment Studios. The 61-year-old has a net worth of roughly $800 million, as reported by CelebrityNetWorth.

Next to his job in the entertainment world, Allen’s business endeavors have been his most reliable source of income. After selling its web assets including Weather.com and applications to IBM, Allen’s company announced in 2018 that it would acquire The Weather Channel for $300 million.

The agreement for Allen to purchase 11 stations from USA Television for $300 million was consummated in the year 2020. In 2020, Byron Allen joined Sinclair Broadcast Group to purchase 21 regional sports networks from Walt Disney/Fox for $10.6 billion. He also acquired Bayou City Broadcasting for $165 million; the company runs four radio stations in the Houston area. 

He then invested $500 million in network affiliates in 2020 and planned to spend roughly $10 billion on acquisitions over the next few years. In July of this year, Allen’s company shelled out $11 million to acquire the Black News Channel.

Byron Allen Career
Byron Allen Career

 

Byron Allen Career

Incredible as it may seem, Allen was approached by Jimmie Walker to join his comedy writing team with big names like Jay Leno and David Letterman. Allen was merely a teenager at the time. He made his first appearance on Johnny Carson’s The Tonight Show when he was only 18 years old. After that, he became a permanent host of the NBC show Real People.

Kickin’ It with Byron Allen was picked up three years later and continued for 21 seasons. Entertainment Studios, which he started and ran with great success, was established in 1993. Shortly after, the studio debuted its first original series, Entertainers with Byron Allen.

Since then, Entertainment Studios has produced shows spanning numerous genres including comedies, game shows, court shows, talk/magazine series, and syndicated specials. With the purchase of Freestyle Releasing in 2015, the company was able to broaden its operations into film distribution. The first film they made, 47 Meters Down, made $44 million worldwide.

Several other significant acquisitions have been made by the studio over the years. Initially, in 2018, they acquired The Weather Channel. In a second development, they formed Diamond Holding Group with Sinclair Broadcast Group to purchase Fox Sports Networks.

How Is Byron Allen So Rich?

Allen has done well to diversify his sources of income, in addition to his media conglomerate. Reportedly, he allows each network to license his shows for free which grants him the opportunity to directly sell 50 percent of the advertising.

Allen has amassed a substantial sum thanks to his cases. As time has progressed, he has filed a $10 billion lawsuit against McDonald’s, Comcast, AT&T, and Charter Communications. The business tycoon has also left his impact on the property development sector. He spent around $23 million on a Hawaiian island getaway in 2018. 

The next year, he bought a three thousand-square-foot apartment in a luxury high-rise in Manhattan. He also just purchased a residence in Beverly Hills for $19.9 million and a home in Aspen, Colorado for $27 million. Very recently, Allen stated he will be bidding to buy the NFL sports franchise the Denver Broncos. He would make history if he were to become the first black NFL owner if the team was sold to him.

Byron Allen Social media accounts

Despite not being the biggest social media influencer, Allen does have a fanbase on several sites. To begin with, he has 15,600 people following him on Instagram. Additionally, he currently has 16,100 followers on Twitter.

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