Tyra Banks is one of the most well-known names in the fashion and entertainment industries, with a career spanning more than two decades. She is well-known not only for her successful modeling career but also for her business savvy and entrepreneurial endeavors.
Her net worth has been a source of debate for years, as she has amassed a fortune through various ventures. In this article, we will examine Tyra Banks’ net worth in greater detail, including how she amassed her fortune and the various business ventures that have contributed to her success.
Early Life and Career
Tyra Lynne Banks was born on December 4, 1973, in Inglewood, California. Banks began modeling at the age of 15 and signed with Elite Model Management. She quickly rose to prominence as one of the industry’s most sought-after models, appearing on the covers of major publications such as Sports Illustrated, Vogue, and Elle.
Banks began to branch out into other areas of entertainment in addition to modeling. From 2005 to 2010, she hosted her own talk show, The Tyra Banks Show and she was also the host and executive producer of the popular reality competition series America’s Next Top Model, which lasted 24 seasons.
Modeling Career and Endorsements
Banks’ modeling career has been a significant source of her wealth. She has worked with some of the world’s most famous designers, including Chanel, Dior, and Yves Saint Laurent. Her work as a Victoria’s Secret Angel was particularly lucrative, and she was one of the highest-paid models in the industry for several years.
Banks have also been a popular choice for brand endorsements. She has worked with companies such as CoverGirl, Pepsi, and Nike, among others. Her business acumen has been a driving force behind these transactions, and she has frequently negotiated favorable terms that have helped her build her wealth.
Net Worth and Achievements
Tyra Banks’ net worth is currently estimated to be $90 million, according to Celebrity Net Worth. This impressive fortune is the result of her successful modeling career, lucrative endorsements, and astute business ventures.
Banks’ accomplishments in the entertainment industry have also been recognized with numerous awards and honors. She has two Daytime Emmy Awards for The Tyra Banks Show and has been nominated for several others. She has also received the GLAAD Excellence in Media Award and the DVF Lifetime Achievement Award.
Banks paid slightly more than $3 million for a 5,740-square-foot Beverly Hills home in 2004. She eventually sold the four-bedroom Spanish Colonial in 2016 for $6.33 million.
Banks currently owns a 7,000-square-foot Manhattan duplex with a salon, gym, and mirrored dressing room. She paid $10.13 million for the four-apartment Battery Park City duplex in 2009.
She listed the apartment for rent in March 2015, asking $50,000 per month. The home was then listed for $17.5 million by Banks in spring 2017, but it has yet to sell.
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Banks have recently started flipping houses in Los Angeles. In May 2018, she listed two homes in the Pacific Palisades neighborhood for sale. The first was a 6,135-square-foot home that was listed for $9.25 million, and the second was a 3,700-square-foot home that was purchased for $4.25 million.
She paid $7.35 million for the larger home two years prior, and $3.25 million for the smaller home in 2014. She sold both properties in a matter of months for $8.9 million and $4 million, respectively. That same year, she sold an L.A. townhouse for $1.47 million.
Banks has always been a savvy businesswoman, and she has leveraged her celebrity into several successful entrepreneurial ventures. She founded her own production company, Bankable Productions, in 2004, and has since produced several successful television shows, including America’s Next Top Model and The Tyra Banks Show.
Banks founded TypeF.com, a beauty and fashion website, in 2011. The website, which provides fashion and beauty advice to women of all shapes and sizes, has been a huge success. Banks has also authored several books on beauty and self-esteem, including Tyra’s Beauty Inside & Out and Modelland.
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Banks has been a philanthropist in addition to her business ventures. She has donated to several charities over the years, including the Elizabeth Glaser Pediatric AIDS Foundation, St. Jude Children’s Research Hospital, and the Lower Eastside Girls Club. She has also established the Tyra Banks TZONE at the Lower Eastside Girls Club, which provides mentoring and educational opportunities to girls in the community.
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