The Weather Company recently auctioned off IBM for over $2 billion in 2015. According to Celebrity Net Worth, Byron Allen has a net worth of $450 million. She is a young Swedish girl from Uppsala, who is currently traveling around the world. Allen has always been civic minded, saying that this was instilled in him early on in his life when he witnessed his familys horror and grief at the assassination of Martin Luther King, Jr. He is a married man. Byron Allen is an American comedian, TV producer, and owner of Entertainment Studios and All Medio Group (AMG). Currently, she is 14 years old. 100 Most Intriguing Entrepreneurs at the Goldman Sachs Builders & Innovators Summit (2018), He was honored as a Distinguished Guest Speaker (2018). Allen also stated that he plans to spend about $10 billion in total over the next few years in a bid to invest heavily in acquisitions and become the nation's biggest broadcaster. and Charter. 2023 Celebrity Net Worth / All Rights Reserved. Allen put together a stand up routine and began performing at amateur nights in Los Angeles comedy clubs. Notable additions include an elevator, a 500-bottle wine cellar, an open-air spa, and 1,700 square feet of outdoor living space in the form of lanais. Billionaire media mogul Byron Allen has paid $100 million for a Malibu estate formerly owned by self-storage billionaire Tammy Hughes Gustavson, according to a person familiar with the . Remember, the issue here is racial discrimination among contracts and there are millions of people impacted and Entertaniment Studios has been denied getting access to Charters subscribers. The Malibu mansion is the latest addition to Allens expanding real estate portfolio. Charter had hoped its Motion to Dismiss the $10 billion lawsuit would rid them of this ongoing legal battle that kicked off back in 2015, according to CultureBanx. Earlier in the year, he closed a deal that included the acquisition of 11 broadcast television stations from USA Television. Prior to this purchase, Allen had already acquired a smaller home in Hollywood Hills much earlier. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. As a comedian, Im gonna push the boundaries. And I thought, you know, this is when shell say, Well, hes the craziest guy Ive ever met and this will be the last time well speak. Thank goodness she didnt take that position., Allen says that he really hasnt had a job since he quit his paper route when he was ten years old, because what he does doesnt feel like work to him. John Landis made millions as a director and actor in Hollywood, eventually becoming one of the wealthiest icons in the film world. Wiki, Biography, Age, Spouse, Net Worth, Fast Facts, Chris Rock & Will Smith Wiki, Biography, Age, Spouse, Net Worth, Fast Facts. The suit went all the way to the Supreme Court with both Comcast and Charter reaching settlements with Allen. The Entertainment Studios production company produced the comedic talk show. But I say, that's the point, my job is to make sure that [theyre] much better than me., He recalls, When I met my wife 21 years ago, she asked me what was I doing with my life. But this is America. ', Greece's worst-ever rail crash kills dozens, crushes cars, Byram Hills beat Hastings 54-32 in a Class B semifinal, How BradPaisley united Americans on the left and right with his song about Ukraine | Opinion. Throughout his vocational life, Bryon has facilitated/co-facilitated many projects. The media mogul has purchased a home in Malibu's Paradise Cove for $100 million, the neighborhood's most expensive real estate transaction this year. But we are sure that it is not available and his spouses name is not available. 2d ago. For non-personal use or to order multiple copies, please contact He is one of the most under-the-radar, extremely successful people in Hollywood. John Cramer served as announcer. There are eight bedrooms and 12 bathrooms. Today, Byron's companies produce more than 30 nationally syndicated programs that generate $100 million in revenue per year. Byron Allen is an American comedian, actor, producer, talk show host, and philanthropist. Additionally, it partnered with Sinclair Broadcasting Adrian Anz. Allen, who was only 15 years old when he appeared on the show, is the youngest standup comedian to do so. Systemic racism kills us in the schoolroom, kills us in the boardroom, and kills us in the courtroom, long before it kills us in the streets, said Byron Allen, Founder/Chairman/CEO of Entertainment Studios in a statement.. He fell in love with the entertainment show host/comedic element of Caron's show, and began putting together material for his . His two Beverly Hills residences, which sit on neighboring estates, are valued at a combined $32 million. "Zach and Byron are both good players. Byron Allen went to high school at the University of California, Los Angeles. The head of the US diversion organization is currently shining in the business. Not long after the Broncos were officially put up for sale, the first two candidates to purchase the team have been named. American businessman, comedian, television producer, philanthropist Byron Allen has an estimated net worth of $350 million dollars, as of 2023. His company employs well over 1,300 people and his African American-focused news site, The Grio, is the largest of its kind in the country and is also the biggest employer of Black journalists. He is also a humorist, donor, television producer and well-known media personality. She won the market by getting one of the dream houses. I told her I was building the worlds biggest media company. He spent his spare time creating relationships with various television stations, speaking directly with advertisers, and becoming acquainted with everyone he could behind-the-scenes. Now, his relationship is perfect. The same year, he would partner with Sinclair Broadcast Group to acquire Fox Sports Networks, which The Walt Disney Company was forced to sell as a condition of its purchasing 21st Century Fox. We have no more information about his spouse. What many people don't know about him is that thecompany he founded prior to Entertainment Studios was forced into involuntary bankruptcy. One company that seems to be holding out is Tegna, a big broadcaster that has rejected Allen's offer of $8.5 billion for an all-cash deal. Looking forward, Allen has said he plans to spend $10 billion over the next several years to become the nations biggest broadcaster. This deal was worth an astounding $10.6 billion. According to The Wall Street Journal, the founder and CEO of Allen Media Group, which owns . Jimmie Walker, an American actor and comedian saw his stand-up act and invited Byron 14 years old at the time to join his comedy writing team alongside promising young comedians David Letterman and Jay Leno. Hes nothing more than a black pawn in a very sophisticated white economic chess game. Byron Allen. Located in the Beverly Hills Flats neighborhood, the home sits on a plot of land slightly bigger than one-third of an acre. Allens new property has been on the market since May and was initially listed for $127.5 million, The Wall Street Journal reported. Byron Allen Net Worth: At present, the total value of Byron Allen's net worth is $800 million. Allen is worth $450 million, making him the 7th richest comedian in the world. Where Did Gloria Allred Go To High School, First Woman To Lead The Federal Reserve: Janet Yellen, What Classes Should I Take In High School For Aviation, Navigating The Risks Of Adolescence: Exploring The California State University Extended Risk And Wellness Course, Take Your Education To The Next Level: Exploring High School PG Classes, Promoting The Benefits Of High School Business Classes For Student Success, When Is The Best Time To Choose High School Classes? While co-hosting "Real People", he took the opportunity to learn as much as he could about producing, directing, advertising, and how money really worked in the entertainment industry. Also, please download theGrio mobile apps today! At the time, the channel focuses on long-running projects like Good Morning Americas Sam Champion and others. Thanks to a 2018 acquisition, Allen owns The Weather Channel television network (not the website). A $10 billion lawsuit, filed in May 2021accuses McDonald's of engagingin racialdiscrimination by refusing to advertise on the networks of Entertainment Studios and Weather Group, which are owned by Black media entrepreneurAllen and includes networks such as the Weather Channel. His luxury residences in Los Angeles, New York, Aspen and Maui total more than $500 million. He also paid $11 million for the Black News Channel television network in July of this year. In 2020, it was announced that AMG was acquiring an ABC affiliate in Honolulu for $30 million. The Hawaii-based affiliate covers all of the main islands, and it also has a portfolio that includes MeTV, Start TV, Heroes & Icons, and a Washington, D.C. based news network. According to The Reporter, Allens homes in Los Angeles, New York, Aspen, Colorado and Maui, Hawaii are valued at more than $500 million. Wealthy Gorilla Limited | All Rights Reserved. He has collected billions worth of fortune over the years after launching his own media company back in the year 1993. But who is Byron Allen, the man behind the media empire? They have two daughters and a son. Now that you know all about Byron Allens net worth, and how he achieved success; lets take a look at some of the lessons we can learn from him: What you focus on expands and what you resist, not only does it persist, but it also grows in size. Byron Allen is an American businessman, former comedian, television producer, philanthropist, and the founder, owner, chairman, and chief executive officer of the Entertainment Studios. Chloe was born in August 2008. According to Forbes, the 61-year-old's net worth is estimated to be around $800 million. The deal represents the most ever paid for a home by an African-American buyer in the U.S. and is one of the highest prices paid for a U.S. home this year. Byron picked up the pair of homes on Calle Vista Drive from Jeff Skoll, the Los Angeles producer, and former eBay president. However, Byron has not uttered paramount information with reference to his father or whether he has any siblings. Is Byron Allen A Billionaire. Byron Allen (Full Name: Byron Allen Folks) is a preeminent American philanthropist, television producer, comedian, and businessman. He is 61 years old. Allen also makes significant contributions to various charitable causes, donating millions of dollars to various organizations. Allen, a former comedian and TV host, has not appeared on the Forbes Billionaires list to date; it's unclear . The Wall Street Journal reports that Allen purchased a $100 million Malibu mansion. The Wall Street Journal reported that Coldwell Banker Realty listing agent Jade Mills referred to the Malibu mansion as a contemporary villa.. If you know some information, please comment below. He joined the cast at the beginning of the 2nd season. Allen intends to spend $10 billion on acquisitions over the next few years. All Rights Reserved. Allen holds the distinction of being the youngest standup comedian ever to have performed on the show. Situated in one of New York City's most expensive apartment buildings, the condo features three bedrooms. He was born in Detroit, Michigan, in the USA to his father and his supportive mother Carolyn Folks. Net Worth: $450 Million. Overseeing TV channels, global production of series such as Funny You Should Ask and Americas Court with Judge Ross, as well as working in film distribution, digital media and broadcasting, Allen has established himself as one of the nations most successful Black entrepreneurs. Allen founded his broadcast business in 1993 and now owns 36 stations in 21 markets, as well as 12 other 24-hour HD networks including The Weather Channel, and free streaming networks liketheGrio and Sports.TV. We have no information about his girlfriend/boyfriend. The Estimated Net worth is $80K USD $85k. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Byron Allen Folks was born on the 22nd of April, 1961, in Michigan. Billionaire media mogul Byron Allen has bought self-storage billionaire Tammy Hughes Gustavsons Malibu mansion. A lot of times we get so focused on our big dreams and goals, that we forget to enjoy this journey called life. In any case, Byron was recently known for getting a $20 billion claim settlement on Link Channels. His one-night gig on "The Tonight Show" was so successful that it led to an offer for Byron to co-host a new talk show called "Real People". In 2012, he and his wife, Jennifer Lucas, paid exactly $17 million to billionaire Texan banker Gerald J. Ford for a mansion in Beverly . On the other hand, DJ Cobra or sometimes DJ A1 provided music support. In 2020, Byron wrapped up a 5-year campaign against Comcast after filing a $10 billion claim for racism. acquiring The Weather Channel for $300 million, Byron's company acquired the Black News Channel, Undercover TV Mogul Byron Allen Just Bought The Weather Channel For $300 Million, Under-The-Radar Media Mogul Byron Allen Expands Media Empire With Bankrupt Black News Channel Acquisition, Low Key Media Mogul Byron Allen Pays $100 Million For Very High Key Malibu Estate. Byron Allen is best known as the head of the American broadcast empire Entertainment Studios. Free to roam the sound stages, Allen would sneak onto "The Tonight Show" set, sit behind Johnny Carson's desk and play talk show host. The deal is marked as the highest price paid by an African American buyer in the U.S. Together Comcast and Charter, which together control close to 60% of the cable TV market. Comedy and Hosting. Byron has two older sisters, DOnna and Denise. It was presented during the annual NATPE Miami Marketplace & Conference. According to reports, the real estate deal was one of the most expensive in Maui's history. He also owns and operates Allen Media Group (AMG). Lets not forget that in Entertainment Studios $20 billion discrimination lawsuit against Comcast Byron owns 100% of Entertainment Studios to this day. His interest in show business began during his childhood when he would accompany his mother to NBC studios in Burbank where she worked as a publicist. Entertainment Studios also has 64 syndicated television series, eight cable networks. "McDonald's takes billions from African American consumers and gives almost nothing back. He was born on April 22, 1961, in Detroit, Michigan, United States of America. Later, Byron matriculated at the University of Southern California where he earned his Bachelor of Arts Degree. As a teenager, Allen developed a stand . Net worth: $450 million. And for that reason, I will be making a bid for the Denver Broncos. Rise of Byron Allen:For Entertainment Studios, Weather Channel CEO Byron Allen, failure is not an option, Could Allen be NFL's first Black team owner? Allen is a well-known businessman, comedian, television producer, and philanthropist who has worked in the film industry for many years. Comedy.TV and Local Now. He also has a stake in The Weather Channel. In 2015, he filed a multi-billion-dollar racial discrimination lawsuit against cable giants Comcast NFL team Denver Broncos are going up for sale and billionaireslining up to bid, including Allen,who hasbacking from NFL commissioner Roger Goodell and New England Patriots owner Robert Kraft. Circuit Court . In Byron Allen's Entertainment Studios $20 billion discrimination lawsuit against Comcast the Supreme Court's Justices unanimously decided to send the case back to the 9th U.S. Billionaire Byron Allen Makes History With Most Expensive Home Purchase by an African American in the U.S. Notable shows Allen hosted or co-hosted include: Real People, The Byron Allen Show, Entertainers with Byron Allen, Comics Unleashed and Kickin' It with Byron Allen. Culture Creators 4th Annual Innovators & Leaders Awards Brunch at The Beverly Hilton Hotel on June 22, 2019 in Beverly Hills, California. Allen's interest in show business began during his childhood, when he would accompany his mother to NBC studios in Burbank where she worked as a publicist. All rights reserved. Originally constructed in 2015, the residence itself features 7,300 square feet of living space and five bedrooms. Already a Subscriber? According to The Hollywood Reporter, the Mediterranean-style resort contains two guesthouses one of which also serves as a gym and yoga studio a movie theater and a tennis court. The residence offers exceptional views of the surrounding mountains, and it features an outdoor pool, walls of glass, and a second-story terrace. This nearby home was once owned by Fred Durst of Limp Bizkit, and it is located in the Birds Street Neighborhood. No, Byron Allen is certainly not a very rich person yet, but he could become one in the blink of an eye. Here are some of the best highlights of Byron Allens career: When you start punishing and censoring comedians, thats a really bad sign of us as Americans losing our First Amendment rights. However, he's a successful ima Allen began his media career in 1979 and has since been dynamic for over forty years. Together, they commemorate 15 years anniversary. A meandering route on the 3.5 acres allows for a ride in a golf cart or other small vehicle down to the ocean, one of the more unusual features for a Malibu property, The Journal reported. At age 14, Allen put together his first stand-up routine and began appearing on an amateur night at comedy clubs throughout the Los Angeles area. As of March 2023, Byron Allens net worth is $500 Million. Allen Media Group's$28.5 million agreement to purchase the Fox affiliateWCOV-TV in Montgomery and its sister channels in Montgomery and Troy won regulatory approvalby the FCC Wednesday. Media mogul Byron Allen's net worth of $450 million is helping him to own multi-million dollars worth of mansions to live in and enjoy vacations with his family. They are in relation from previous few years of a strong relationship. Byron is permitted to sell 50% of the time that the show has available advertising in exchange for giving away the content for free. It is also among the top prices paid for a U.S. home this year. In addition, he has served as a professional comedian. Byron is 61 years old. Be the first to know. According to Afrotech, Byron Allen is one of the wealthiest Black men in entertainment today. Comcast had originally refused to carry his channels, a decision that Allen claimed was due to racial discrimination. His company has been on a buying spree lately, investing more than $1 billion over the past two years to purchase network affiliates across the nation. Suit went All the way to the Supreme Court with both Comcast and Charter, which together close... Recently auctioned off IBM for over $ 2 billion in 2015, the 61-year-old & # x27 s! Building the worlds biggest media company back in the world in revenue per year home once! Get so focused on our big dreams and goals, that we forget to enjoy this journey life! The Black News Channel television network in July of this year and.! Bigger than one-third of an acre apartment buildings, the Channel focuses on long-running projects like good Morning Americas Champion... Comment below 61-year-old & # x27 ; s net worth of fortune over the next several to! He has collected billions worth of $ 450 million, Los Angeles, New York City 's most apartment... Cobra or sometimes DJ A1 provided music support a humorist, donor, television,... Billions from African American consumers and gives almost nothing back information, please comment below to Allens expanding estate... $ 10 billion over the next few years he was born in Detroit,,. On Calle Vista Drive from Jeff Skoll, the founder and CEO of Allen media Group ( AMG ) gives... Deal is marked as the highest price paid by an African American consumers and almost... Broadcasting Adrian Anz plans to spend $ 10 billion over the years after his. The Channel focuses on long-running projects like good Morning Americas Sam Champion and others what people! Comcast and Charter, which sit on neighboring estates, are valued at a $! Facilitated/Co-Facilitated many projects $ 30 million makes history with most expensive in Maui history! No, Byron Allen Folks was born on the market by getting one of the wealthiest men! But he could become one in the year 1993 Im gon na the... At the beginning of the wealthiest icons in the year 1993 of living and! Causes, donating millions of dollars to various organizations are both good players of the! Forget to enjoy this journey called life U.S. home this year to Forbes, man! Dj A1 provided music support the U.S as possible, unless otherwise indicated they are only estimates philanthropist! Name is not available and his spouses name is not available and spouses... Hotel on June 22 is byron allen a billionaire 2019 in Beverly Hills, California performing at amateur in... The media empire sit on neighboring estates, are valued at a combined $ 32 million April,,. Champion and others from previous few years the home sits on a plot of slightly. & # x27 ; s net worth is estimated to be around $ 800 million homes on Calle Vista from... Makes history with most expensive apartment buildings, the condo features three bedrooms fortune... Coldwell Banker Realty listing agent Jade Mills referred to the Supreme Court with both Comcast and Charter which. And actor in Hollywood Byron Allen has said he plans to spend $ 10 billion claim for.... Is Byron Allen makes history with most expensive apartment buildings, the two... Itself features 7,300 square feet of living space and five bedrooms Supreme with... Billions from African American consumers and gives almost nothing back claim settlement on Link Channels Tammy Hughes Malibu! $ 2 billion in 2015 company recently auctioned off IBM for over $ 2 in. Makes history is byron allen a billionaire most expensive in Maui 's history school at the University California! To a 2018 acquisition, Allen has said he plans to spend $ 10 billion acquisitions. Today, Byron was recently known for getting a $ 20 billion discrimination lawsuit against Comcast owns... That it is not available USD $ 85k sit on neighboring is byron allen a billionaire, are valued at combined. Wealthiest Black men in Entertainment today and philanthropist Maui total more than $ 500 million has uttered. Market by getting one of the most under-the-radar, extremely successful people in Hollywood, eventually becoming one of York... Billionaire Tammy Hughes Gustavsons Malibu mansion as a comedian, Im gon na push boundaries... Worked in the business appeared on the 22nd of April, 1961 in! Than 30 nationally syndicated programs that generate $ 100 million Malibu mansion as a comedian, actor,,! The Malibu mansion music support 1961, in the film industry for many years is not available philanthropist who worked! $ 20 billion discrimination lawsuit against Comcast Byron owns 100 % of the houses... Production company produced the comedic talk show partnered with Sinclair Broadcasting Adrian Anz American philanthropist television! Amg ) decision that Allen claimed was due to racial discrimination him is thecompany..., but he could become one in the film industry for many years, California reported... 22, 2019 in is byron allen a billionaire Hills, California Broncos were officially put up for,! Who has worked in the Birds Street neighborhood to become the nations biggest broadcaster billionaire! The 7th richest comedian in the U.S or to order multiple copies, please comment below many... Any case, Byron Allen has said he plans to spend $ 10 billion claim for racism prior Entertainment... He earned his Bachelor of Arts Degree Forbes, the Los Angeles, New York City 's most expensive purchase! Beverly Hills, California expensive apartment buildings, the Channel focuses on projects... Usa television Byron picked up the pair of homes on Calle Vista Drive from Jeff Skoll, the behind! She won the market by getting one of New York City 's most expensive in Maui 's.... A director and actor in Hollywood, eventually becoming one of the wealthiest icons in the Weather Channel born April! Good Morning Americas Sam Champion and others the boundaries Forbes, the Channel focuses on projects... Not forget that in Entertainment Studios to this day went to high school at the University California..., Allen had already acquired a smaller home in Hollywood, eventually becoming one of the American broadcast empire Studios! City 's most expensive apartment buildings, the condo features three bedrooms copies... From previous few years of a strong relationship Bizkit, and former president! Allen also makes significant contributions to various organizations could become one in USA... Carry his Channels, a decision that Allen claimed was due to racial discrimination ever to performed... Has 64 syndicated television series, eight cable networks Byron Allen is best known as the head of wealthiest! In Los Angeles producer, and philanthropist is Byron Allen is one of most... Comcast Byron owns 100 % of Entertainment Studios and All Medio Group ( AMG ) $ 10 billion settlement. Currently shining in the Weather Channel television network in July of this year paid by an African American consumers gives! The team have been named television network in July of this year & Conference the cast at the Hilton! Programs that generate $ 100 million Malibu mansion is that thecompany he founded to. That it is not available and his supportive mother Carolyn Folks than 30 nationally syndicated that! Of living space and five bedrooms served as a comedian, Im gon na push the boundaries Allen claimed due! And was is byron allen a billionaire listed for $ 127.5 million, making him the 7th comedian. Billion claim for racism Fred Durst of Limp Bizkit, and businessman businessman, comedian, producer! Home this year when is byron allen a billionaire appeared on the market by getting one of the cable TV market claimed was to... & Conference around $ 800 million she won the market since May and was listed. I told her I was building the worlds biggest media company April, 1961, in Michigan and... His own media company back in the world a stand up routine and began performing at amateur nights in Angeles. Enjoy this journey called life a stake in the film world performing at nights! Byron are both good players McDonald 's takes billions from African American buyer in the business among the top paid! Weather company recently auctioned off IBM for over $ 2 billion in 2015, the founder and CEO Allen... Focused on our big dreams and goals, that we forget to enjoy this journey called life please comment.... N'T know about him is that thecompany he founded prior to Entertainment Studios but who is currently shining the! Born on April 22, 1961, in Detroit, Michigan, in the Beverly Hills residences, together. In 2020, it was presented during the annual NATPE Miami Marketplace & Conference in... Said he plans to spend $ 10 billion on acquisitions over the years after launching his media... Well-Known media personality Channel focuses on long-running projects like good Morning Americas Sam Champion others... Of land slightly bigger than one-third of an eye vocational life, has! Will be making a bid for the Black News Channel television network not..., 1961, in Michigan by an African American consumers and gives almost back... Of 11 broadcast television stations from USA television and Charter reaching settlements Allen. A1 provided music support become the nations biggest broadcaster Calle Vista Drive from Jeff Skoll the! Pair of homes on Calle Vista Drive from Jeff Skoll, the 61-year-old & x27... Copies, please comment below won the market since May and was initially listed for 30. Cobra or sometimes DJ A1 provided music support comedian ever to have performed on the show preeminent American,... An acre to this day `` McDonald 's takes billions from African American in the film industry for many.! That generate $ 100 million in revenue per year show host, and former eBay.! Partnered with Sinclair Broadcasting Adrian Anz distinction of being the youngest standup comedian ever to have performed the. Is estimated to be around $ 800 million that generate $ 100 million in revenue per year purchase by African!