Byron Allen is an American businessman, comedian, TV producer, and philanthropist with a net worth of $450 million in 2023.
He is commonly known as the co-founder, chairman, and CEO of entertainment heavyweight ‘Entertainment Studios.’
Initially, he rose to fame with his comedy work and appeared in The Tonight Show With Johnny Carson, Real People, Comics Unleashed, etc.
In 2018, he was nominated in the Bloomberg 50 for his noteworthy accomplishments in media and broadcasting.
Besides, he has won the Daytime Emmy Award for Outstanding Lifestyle Program for the TV show Cars in 2009.
Also, he has been conferred with the Brandon Tartikoff Legacy Award and inducted into the Broadcasting and Cable Hall of Fame in 2019.
Here are some quick facts about the media magnate Byron Allen:
|Full Name||Byron Allen Folks|
|Net Worth||$450 Million|
|Birth Date||22 March 1961|
|Known as||Byron Allen|
|Age||62 Years Old|
|Birth Place||Detroit, Michigan, United States|
|Education||Fairfax High School and University of Southern California|
|Mother’s Name||Carolyn Folks|
|Height||5 ft 9 in (175 cm)|
|Weight||78 kg (172 pounds)|
|Profession||Businessman, Comedian, Media Executive, Philanthropist|
|Employer||Entertainment Studios/ Allen Media Group|
|Children||Chloe Allen, Lucas Allen, Olivia Allen|
|Last Update||December, 2023|
Byron Allen Net Worth and Income
Byron Allen has forged his massive wealth of $450 million, mostly through his company Entertainment Studios.
He earns by selling 50% of the show’s advertising time.
In this way, he charges lower advert prices and earns revenue by reaching his 35 million audiences.
Similarly, his company produces over 30 nationally syndicated programs and earns more than $100 million every year.
Besides, he received a settlement of $20 billion from the Comcast lawsuit he had filed due to their unwillingness to carry his channels.
Net Worth of Byron Allen in Different Currencies
Given below is the list of the net worth of Byron Allen in various currencies used worldwide:
|Pound Sterling||£ 325,356,750|
|Australian Dollar||A$ 598,198,500|
|Canadian Dollar||C$ 559,885,500|
|Indian Rupee||₹ 33,605,370,000|
Byron Allen: Houses
Recently, Allen has taken a loan of around $80 million to build a mega-mansion in his currently vacant Beverly Hills property.
Similarly, in 2018, he spent $22.8 million to acquire a luxurious ocean-front abode in Maui.
Moreover, he has a $20 million Beverly Hills mansion spread across 11,266 sq. ft and has facilities such as a home theater, gym, spa, wine closet, bar, lounge, etc.
Besides, Allen has a huge apartment building worth $26.75 million at 220 Central Park South.
In 2020, Byron Allen spent $27 million on a sprawling mansion in Colorado.
The 9000-sq-foot residence has 7 bedrooms and posses amenities such as an outdoor pool, huge patios, etc.
Further, it has a spectacular view of the surrounding mountainous region.
Also, he has a humble home in Hollywood Hills, which he added to his property portfolio a few years ago.
Byron Allen: Lifestyle and Vacations
Byron Allen keeps his private life away from the spotlight.
However, he has been spotted with his family on several outings, which indicates that he is a family man.
As for outfits, he tends to keep a professional look with smart suits, ties, and shoes.
Allen visited the Coldwater Canyon Park in 2009 with his wife and his lovely daughter Chloe.
In 2010, Allen was on the beaches of Maui, Hawaii, on a post-Christmas vacation with his family.
Byron Allen: Charity
In 2020, Byron Allen Entertainment organized a charity special comedy program to raise funds for “Feeding America” and featured Will Smith, Stephen Colbert, Tina Fey, etc.
Similarly, Allen has hosted the Entertainment Studios gala, a philanthropic event to benefit the Children’s Hospital, Los Angeles.
The event raised $1 million, and they hope to continue their efforts and raise $50 million within the next 10 years.
Byron Allen: Media and Investments
Allen has been well known for hosting various programs such as ‘The American Athlete’ ‘ES.TV HD,’ ‘Comics Unleashed,’ ‘The Byron Allen Show,’ ‘The Midnight Special,’ ‘Jammin,’ etc.
In 2020, he appeared in a music video for Tay Da Prince’s song ‘Love One another,’ which also featured John Legend.
Further, he holds acting credits in the series ‘The First Family’ as Johnny and the movie ‘Case Closed‘ as Detective Brockman.
Also, he has appeared as himself in ‘Extra with Billy Bush,’ ‘The Story of Late night,’ ‘The Comedy Store,’ ‘Funny You Should Ask,’ etc.
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Allen’s company acquired The Weather Channel for $300 million in 2018, including the TV network but not its online assets.
Then, in 2020, his AMG firm purchased ABC Honolulu for a price of $30 million, which includes Start TV, MeTV, Heroes & Icons, etc.
Likewise, he concluded a deal to obtain 11 USA Television’s broadcast stations for $300 million.
In addition, he got the Bayou City Broadcasting in the same period for $165 million.
Besides, he has invested around $500 million towards network affiliates in the recent past.
So far, his biggest deal is the acquisition of 21 regional sports networks with Sinclair Broadcast group from Walt Disney/Fox for a staggering $10.6 billion.
All in all, he plans to invest further to become USAA’s biggest broadcaster.
Byron Allen: Career
At the age of 14, Allen began his journey by performing in clubs around Los Angeles.
Soon, he was picked up by Jimmy Walker and added to his comedy writing team featuring David Letterman and Jay Leno.
Also, he appeared on “The Tonight Show,” and his success in the show led him to become the co-host of the talk show “Real People.”
There he learned much about production, direction, advertisement, and the overall financial aspect of the entertainment industry.
Then he co-founded Entertainment Studios with his mother in 1993 and launched the series “Entertainers with Byron Allen.”
Over the years, he has turned the media company into one of the world’s largest producers and distributors of first-run syndicated programs.
3 Facts about Byron Allen
Allen’s inspiration for starting comedy was the popular TV comedian Gabe Kaplan.
He is against racial discrimination and fights for the rights of African-American people in court.
Byron became the youngest comedian to appear on The Tonight Show, Starring Johnny Carson when he appeared at the age of 18.
Byron Allen: Social Media Presence
Allen is not much of a social media enthusiast, as evident from his online activity. In fact, he only has a verified handle on Twitter.
Twitter – 15.6k followers
“Al Sharpton is not important. He’s nothing more than a black pawn in a very sophisticated white economic chess game.”
“What we have to do is get the corporations to understand you must include African-American-owned media.”
“We need one America – one that includes housing, education, jobs, access to capital, and economic inclusion for every American. This will create a stronger America.”
Was Byron Allen in Real People?
Yes, Byron Allen was a presenter in Real People starting from its second season.
Why did Byron Allen sue McDonald’s?
Byron Allen sued Mcdonald’s because they failed to provide a fair share of advertising budgets to black-owned media.
What is the net worth of Jennifer Lucas?
Jennifer Lucas has a net worth of $1.7 million.