Tyra Banks Net Worth
Tyra Banks has an estimated net worth of $90 million. A former supermodel, Tyra Banks turned her runway success into a multimedia brand and worked at the helm of two successful TV series simultaneously, ‘America’s Next Top Model,’ and ‘The Tyra Banks Show.’ She earns most of her income from brand endorsements, television shows, and business ventures.
Tyra Banks was a top international fashion model who was the first Black woman to grace the cover of Sports Illustrated’s swimsuit issue. She later hosted America’s Next Top Model and her own daytime talk show, for which she received two Emmy Awards. Banks has expanded her business interests further, launching her own cosmetics line in 2014. Beginning in 2017, Banks took over as host of America’s Got Talent from Nick Cannon.
To calculate the net worth of Tyra Banks, subtract all her liabilities from her total assets. Investments, savings, cash deposits, and any equity she has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of her net worth:
|Net Worth:||$90 Million|
|Monthly Salary:||$1 Million|
|Annual Income:||$20 Million|
|Source of Wealth:||Actor, Businessperson, Television producer, Model, TV Personality, Author, Screenwriter, Presenter|
Tyra Lynne Banks was born in Inglewood, California on December 4, 1973. Don Banks, her father, was a computer consultant, and Carolyn, her mother, was a medical photographer. Banks’ parents divorced when she was six years old, but she claims she was too young for the divorce to have an impact on her. “I had it made as far as I could see,” Banks recalls. “I spent the weekdays with Mommy and the weekends with Daddy. I attended two birthday parties and two Christmases. Double the love, double the gifts.”
Banks says she grew up with a love of food — and not always healthy food — devouring fried chicken, candied yams, and pork chops at family gatherings. “I was taught to enjoy food rather than fear it,” Banks says. She developed healthier habits as well, and at the age of six, she began working out with her mother’s exercise group. Banks vowed never to smoke after her grandmother died of lung cancer.
Banks admits that in middle school, she was a “mean girl.” “I was popular and gossipy,” she recalls, adding, “and if I didn’t want one of the other girls to be in the clique anymore, for whatever teeny-tiny reason, I voted her out.” When Banks was in high school at Immaculate Heart High School in Los Angeles, she found herself at the bottom of the social food chain. She was tall and gawky as a result of a sudden growth spurt, and her classmates mocked her with names like “Giraffe” and “Lightbulb Head.” “I went from being the popular girl who appeared normal to being thought of as a freak,” Banks recalls. Despite this, Banks claims that the teasing and abuse taught her the value of kindness. “It turned out that the best things that could have happened to me in my life were being mocked, having no friends, and feeling miserable every single day.”
Banks had outgrown her awkward phase by 1989, when she was 17, and began to resemble the tall, curvy, caramel-skinned, green-eyed beauty who would light up runways and magazine covers for years to come. Her initial attempts to find a modeling agency, however, were met with rejection and discrimination. Banks recalls one agency telling her she looked “too ethnic,” while another said it “already had a Black woman and didn’t want another.”
Signing on With Elite Model Management
Banks signed a contract with Elite Model Management, the world’s largest modeling agency, while still in high school in 1990. She shot her first print piece for Seventeen magazine later that year. Banks enrolled at Loyola Marymount University in Los Angeles after graduating from high school in 1991, but she dropped out when Elite offered to send her to Paris for high-fashion runway modeling.
Banks quickly rose through the fashion modeling ranks to become one of the world’s top supermodels. While in Paris in 1991, she booked 25 runway shows, an unprecedented feat for a newcomer to the industry. Banks began to gain weight in the mid-1990s, which was a forbidden sin in the world of rail-thin clothing models. Unwilling to starve herself to achieve the desired physique for high-fashion models, Banks returned to the United States and began modeling swimwear and lingerie, where curvier models are more welcome. “I made a living by being 20 to 30 pounds heavier than the average model,” Banks explains. “That’s how I became famous. Victoria’s Secret said I sold the most bras and panties, and I was walking down the runway with 30 pounds more booty than the other girls.”
‘Sport Illustrated’ to Victoria’s Secret
Banks was the first Black woman to appear on the cover of GQ in 1996. A year later, she became the first African American woman to appear on the cover of Sports Illustrated’s swimsuit issue, as well as the first Black woman to appear in the Victoria’s Secret lingerie catalog. She signed lucrative contracts with both Cover Girl and Victoria’s Secret, and she became a fixture in both companies’ advertising campaigns and runway shows. Banks was named to People magazine’s list of the 50 Most Beautiful People several times, and she also won the prestigious Michael Award for Supermodel of the Year in 1997, as well as two Teen Choice Awards for Favorite Supermodel.
Banks returned to the cover of Sports Illustrated Swimsuit in 2019, 23 years after she first appeared on the cover.
Banks began her acting career in the 1990s, in addition to modeling. She made her television debut in 1993 with a seven-episode stint on The Fresh Prince of Bel-Air, and she starred in the 1995 drama Higher Learning. Banks appeared in three popular films in 2000: Love & Basketball, Coyote Ugly, and the made-for-television film Life Size. Later TV appearances included Gossip Girl and Glee.
Reality TV and Talk Show
‘America’s Next Top Model’
Banks debuted on reality television in 2003, when she created, produced, and hosted the UPN show America’s Next Top Model. Through its first six seasons, the show, which pits aspiring models against each other in a competition for the title of America’s Next Top Model, was UPN’s highest-rated show. Top Model was chosen to launch the newly launched CW television network in 2006. With over 20 seasons under its belt, the show continues to draw massive television audiences.
‘The Tyra Banks Show’
In 2005, Banks launched her own talk show, The Tyra Show, on daytime television. The most famous episode of the show aired in February 2007, shortly after several unflattering photos of Banks in a bathing suit appeared in tabloid magazines. Banks took the stage in the same bathing suit, telling critics to “Kiss my fat ass!” She won a Daytime Emmy Award for her work on the show in 2008, which she repeated the following year. After five years on the air, Banks said goodbye to her talk show in 2010. According to People, she decided to end her program in order to focus on “bringing positive images of women to the big screen.”
‘America’s Got Talent’
Banks debuted a new talk show called FABLife in September 2015, but she announced her departure just two months later. She later returned to host the reality competition series America’s Got Talent as a replacement for Nick Cannon in 2017, where she stayed for two seasons.
‘Dancing with the Stars’
For the 29th season of Dancing with the Stars, Banks took over hosting duties from Tom Bergeron and Erin Andrews. She was also the executive producer.
Book and Businesswoman
Based on her life and experiences in the industry, Banks published the best-selling novel Modelland in 2011 and launched the style and beauty website typeF.com. Around this time, she also enrolled at Harvard Business School, where she completed her special course for CEOs and other top executives in early 2012. Since then, the model-turned-entertainment-mogul has launched the TYRA Beauty cosmetics line.
Personal Life & Son
Banks has had relationships with several celebrities over the years, including director John Singleton and basketball player Chris Webber, who she rarely discusses in public. York Banks Asla was born in January 2016 to Banks and her long-term boyfriend, Norwegian photographer Erik Asla. Banks had previously disclosed her infertility issues, and their son was delivered via surrogate mother. Banks and Asla ended their five-year relationship amicably in 2017.
Banks is involved in a variety of social and charitable endeavors. One of her personal missions has been to assist young women who are struggling with low self-esteem. Banks established a scholarship to help young Black women attend her alma mater, Los Angeles’ private Immaculate Heart High School, when she was only 19 years old. Tyra’s Beauty Inside & Out, a book aimed at inspiring young women, was published in 1998, and a year later she founded TZONE, a foundation aimed at developing teenage girls’ independence and self-esteem.
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