Byron Allen Net Worth: Do You Know His Income of 2022?

Byron Allen Folks was born on April 22nd of 1961 in Detroit, Michigan. He grew up in Los Angeles. 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. 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.

Allen put together a stand up routine and began performing at amateur nights in Los Angeles comedy clubs. Comedian Jimmie Walker saw Allen’s stand-up act and was so impressed that he invited the 14 year-old comedian to join his comedy writing team alongside the young comedians Jay Leno and David Letterman. Allen’s first time on TV was on Johnny Carson’s “The Tonight Show” when he was 18. Allen is the youngest stand-up comedian who has ever been on the show.

Career of Byron Allen

Because of how well his one-night gig on “The Tonight Show” went, Byron was asked to co-host a new talk show called “Real People.” He used his time co-hosting “Real People” to learn as much as he could about producing, directing, advertising, and how money really works in the entertainment industry. He used his free time to build relationships with different TV stations, talk to advertisers, and get to know as many people behind the scenes as he could.

Allen and his mother set up Entertainment Studios together in 1993.

“Entertainers with Byron Allen” was his first show. It aired once a week for an hour and gave profiles of current movie and TV stars. In 2009, Allen was the first business person in television to own and start up six 24-hour HD networks at the same time. Pets.TV, Comedy.TV, Recipe.TV, Cars.TV, ES.TV, and MyDestination.TV are some of the six networks.

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Today, Byron’s businesses make more than 30 nationally syndicated shows that bring in $100 million per year. Entertainment Studios is the biggest independent producer and distributor of first-run syndicated programming in the world.

How Much Does Byron Allen Make and What Is His Net Worth?

Byron Allen is a comedian and TV producer from the United States who is worth $450 million. He is best known as the head of Entertainment Studios, a US entertainment company. He also owns Allen Media Group and runs it (AMG). He is one of the most under-the-radar, extremely successful people in Hollywood.

Revenue Model of Byron Allen

He doesn’t charge the networks a lot of money for the rights to his shows. Instead, he gives them away for free. Yes, you read that right: for nothing. In exchange for giving away the content for free, Byron gets the right to sell 50 percent of the advertising time on the show, which he does himself.

byron allen net worth

Advertisers are also clamoring to buy advertising time with him because he can charge less for the ads and still reach 35 million viewers. This is mostly because he has so many shows on the air at the same time. To this day, Byron still owns all of Entertainment Studios.

Relationships of Byron Allen

In 2007, Allen got married to Jennifer Lucas, who was a TV producer. During the time they’ve been together, the couple has had three children.

Suit Against Comcast

In 2020, Byron’s 5-year fight against Comcast was over. He had sued the company for $10 billion for being racist. After a private deal was made, he dropped the case in February 2021. As part of the settlement, three of his cable channels also got to stay on. Allen said that Comcast’s decision not to carry his channels was based on bias against black people. After Comcast filed an appeal, the case was taken all the way to the Supreme Court.

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Allen’s case had already been thrown out three times at the district court level. Byron has sued AT&T and Charter Communications in the same way, saying that they won’t or don’t want to carry channels that are owned by African Americans.

Earnings of Byron Allen  from TV networks

In 2009, Allen was the first business person in television to own and start up six 24-hour HD networks at the same time. Pets.TV, Comedy.TV, Recipe.TV, Cars.TV, ES.TV, and MyDestination.TV are some of the six networks. “The Hollywood Reporter” says that Byron’s companies now make more than 30 nationally syndicated shows that bring in more than $100 million each year.

Acquisitions of Byron Allen

In 2018, it was said that Byron Allen’s company would pay $300 million to buy The Weather Channel. The deal included the cable TV network, but it didn’t include online assets like Weather.com and the apps that go with it, since those had already been sold to IBM.

In 2020, it was said that AMG would pay $30 million to buy an ABC affiliate station in Honolulu. The Hawaii-based affiliate covers all of the main islands, and it also has MeTV, Start TV, Heroes & Icons, and a news network based in Washington, D.C. in its lineup. Earlier in the year, he finished a deal with USA Television that included buying 11 broadcast TV stations. More than $300 million was involved in this deal.

Also in 2020, Allen worked with Sinclair Broadcast Group to buy from Walt Disney/Fox no less than 21 regional sports networks. This deal was worth a staggering $10,6 billion.

byron allen net worth

During this time, Bayou City Broadcasting was bought. This company owns four stations in places like Louisiana and Indiana. About $165 million was involved in this deal. Tegna, a big broadcaster, seems to be holding out because it has turned down Allen’s offer of $8.5 billion in cash.

In 2020, Byron said that over the past year or so, he had put $500 million into network affiliates. Allen also said that he plans to spend about $10 billion over the next few years to buy a lot of companies and make his company the biggest broadcaster in the country.

Real Estate of Byron Allen

In 2018, it was said that Allen bought a $22.8 million oceanfront home on the island of Maui. The house is in the wealthy area of Kihei. It is on a three-quarter-acre plot of land with 130 feet of beachfront. The house was built in 2015 and has seven thousand three hundred square feet of living space and five bedrooms. The outside is made of coral stone, while the inside is made of mahogany.

There is an elevator, a wine cellar with 500 bottles, an open-air spa, and lanais that add 1,700 square feet of living space outside. There is also a three-car garage and a swimming pool on the land. Reports say that the deal was one of the most expensive in the history of Maui.

In 2019, Bryon bought a $20 million Beverly Hills mansion to add to his list of properties. The house has 8, bedrooms and 11,266 square feet of living space.

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The house is in the neighborhood of Beverly Hills Flats, and it sits on a piece of land that is a little bigger than one-third of an acre. Allen had already bought a smaller home in Hollywood Hills a long time before this purchase. This house in the Birds Street Neighborhood was once owned by Fred Durst of the band Limp Bizkit.

byron allen net worth

Also in 2019, the media mogul paid $26.75 million for a 3,000-square-foot apartment at 220 Central Park South. The condo has three bedrooms and is in one of the most expensive apartment buildings in New York City.

Allen spent a lot of money on real estate again in 2020 when he bought a mansion in Aspen, Colorado, for $27 million. The house has 9,000 square feet of living space, and a successful Mexican businesswoman used to live there. This seller first put the property on the market for up to $35 million, but Byron was able to buy it for much less because the price kept going down. The house has a great view of the nearby mountains, as well as an outdoor pool, walls of glass, and a terrace on the second floor.

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