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Byron Allen’s Net Worth: How Rich Is Byron Allen in 2022!

byron allen net worth

American businessman, stand-up comedian, TV producer, philanthropist, and CEO of U.S. entertainment conglomerate Entertainment Studios Byron Allen Folks (born April 22, 1961) does it all.

Among the many shows Allen has hosted or co-hosted are Real People, The Byron Allen Show, Entertainers with Byron Allen, Comics Unleashed, and Kickin’ It with Byron Allen.

He frequently appeared on the show Funny You Should Ask, on which he also created and served as executive producer.

Early Life

On April 22, 1961, Byron Allen Folks entered the world. He spent most of his childhood in the city of Los Angeles. At a young age, Allen’s fascination with the entertainment industry began when he accompanied his mother to the NBC studios in Burbank, where she worked as a publicist.

Allen, who was allowed unrestricted access to the studio lots, would often visit the set of “The Tonight Show” and pretend to host a talk show while sitting at Johnny Carson’s desk. Allen crafted a stand-up routine and debuted it at Los Angeles comedy clubs’ amateur nights.

After watching Allen’s stand-up act, comedian Jimmie Walker asked the then-14-year-old to join his comedy writing team, which also included young comics Jay Leno and David Letterman.

Allen made his first appearance on “The Tonight Show Starring Johnny Carson” at the tender age of eighteen. Allen is the youngest stand-up comedian to ever appear on the show.

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What Is Byron Allen’s Net Worth and Salary?

Byron Allen is an American comedian and television producer who has a net worth of $500 million. For the most part, people know him as the CEO of the American media conglomerate Entertainment Studios.

He also owns and operates Allen Media Group (AMG) (AMG). He is one of the most unsung but highly successful figures in the entertainment industry.

Revenue Model

He doesn’t get rich by selling the rights to his shows to the networks; instead, he gives them away for free. That’s right, zero dollars required. Byron is allowed to sell half of the advertising time on the show in exchange for providing the content without charge.

As a result of the large volume of shows he produces, he is able to charge lower rates for advertising time while still reaching an audience of 35 million. This has attracted the attention of many advertisers. Currently, Byron is the sole owner of Entertainment Studios.

Which Companies Does Byron Allen Own?

Byron Allen’s main business is Entertainment Studios, officially known as Allen Media Group. As of the end of 2017, the corporation had assets of over $1 billion.

In addition to NBCUniversal and Bain Capital, Allen is the current owner of The Weather Channel. And through Diamond Sports Group, he runs Bally’s Sports Group as well (for which he partnered with Sinclair Broadcasting). Last but not least, he purchased several TV stations from Bayou City Broadcasting, another media conglomerate run by a minority group.

Is Byron Allen Married?

The marriage of Byron Allen and Jennifer Lucas in 2007 was covered in the society pages of The New York Times. Even though “the bridegroom’s first marriage ended in divorce,” very little is known about Allen’s first wife because all references to her appear to have been removed from the Internet.

Lucas has always gone by her maiden name, and she and Allen are still together, raising their three kids (daughters Chloe and Olivia, and son Lucas) in the same house.

Real Estate

It was reported in 2018 that Allen had spent $22.8 million on a Maui mansion with a waterfront location. The property encompasses 0.375 acres and features 130 feet of beachfront on Kihei’s prestigious south shore.

The home itself was built in 2015 and has a total of 7,300 square feet in space across five bedrooms. The exterior is finished with coral stone, and the interior is done in mahogany.

The property now features an elevator, a wine cellar with space for 500 bottles, a spa with a panoramic view of the grounds, and lanais covering 1,700 square feet. There is also a three-car garage and a swimming pool on the property.

Reports indicate that the transaction was one of the most expensive real estate transactions ever recorded on Maui.

Bryon bought a $20 million Beverly Hills estate in 2019, expanding his property holdings. There are eight bedrooms and a total of 11,266 square feet to enjoy in this property. Property is slightly larger than a third of an acre and is located in the Beverly Hills Flats area of town.

Allen had previously purchased a much more modest home in the Hollywood Hills. Location: in the Birds Street Neighborhood, a former residence of Limp Bizkit’s Fred Durst.

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The media tycoon also recently spent $26.75 million on a 3,000 square foot apartment at 220 Central Park South. The three-bedroom condo is located in a luxury building in Manhattan.

Once again splashing the cash in 2020, Allen purchased a $27 million mansion in Aspen, Colorado. Formerly owned by an accomplished Mexican businesswoman, this home features 9,000 square feet of living space.

The seller had the property listed for as much as $35 million at one point, but after numerous price reductions, Byron was able to purchase it for significantly less. Amazing mountain vistas can be enjoyed from the home’s outdoor pool, wall of glass, and second-floor terrace.

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