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American billionaire filmmaker Tyler Perry has bought a $30 million mansion in Puerto Rico, a few months before he moves to the island and starts filming shows there.
The house sits on nearly 1.4 acres in a gated community and has 14,475 square feet of living space, five bedrooms and 10 bathrooms. Built in 2021, it has a movie theater, a pool, a gym and an open-plan kitchen. The seller has not been named.
Perry, 57, plans to open a production office in Puerto Rico and shoot shows on the island. Tyler Perry Studios, his more than 300-acre lot in southwest Atlanta, will keep operating.
Moving to the island
Perry announced the move on Sept. 14 on NBC's "Today" show, where he was promoting his film "Why Did I Get Married Again?"
"Yep, moving to Puerto Rico at the top of the year, and I'm pulling back a whole lot," he said. "It's time to slow down a bit, enjoy more time with my son and just take it all in."
He plans to relocate with his 11-year-old son, Aman, whose mother is model and activist Gelila Bekele. Perry also owns homes in Beverly Hills, Wyoming and the Bahamas, where he bought a private island.
Puerto Rico has drawn a steady stream of wealthy Americans over the past decade, helped by Act 60, a set of tax incentives that exempts qualifying new residents from local tax on dividends, interest and capital gains earned after they move. The island also offers film producers a tax credit of up to 40% on payments to local companies and residents.
The Atlanta empire
The Puerto Rico move marks a shift for a filmmaker whose business has been built around Atlanta. Perry opened Tyler Perry Studios in 2019 on the site of the former Fort McPherson Army base, making him one of the few Black Americans to own a major film studio outright. The campus has hosted outside productions including "Black Panther" and a Democratic presidential primary debate in 2019, and it is adding a soundstage built for virtual production.
Perry, who grew up poor in New Orleans, staged his first play in 1992 and spent years touring theaters before his Madea character carried him into film. His films have taken more than $500 million at the box office. He owns the rights to almost everything he has made and has deals with Netflix, Amazon and BET, and owns a stake in the BET+ streaming service.
Most of his fortune comes from his film and television library and his studio. He became a billionaire in 2020.
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