Tyra Banks Net Worth 2022: How Much Does Banks Earn Per Year?

Tyra Banks Net Worth: Tyra Banks is a former supermodel turned American actor, novelist, producer, businesswoman, and television personality. Her most notable work is the long-running reality television program “America’s Next Top Model,” which she created, produced, and hosted.

Additionally, for five years, she produced and served as host of the daytime chat show “The Tyra Banks Show,” which won two “Emmy” awards. Banks, who rose to fame as a supermodel, initially desired a career as a screenwriter or producer.

Banks, who experienced frequent body shaming from both her elder brother and others, did not consider modelling as a career until she received encouragement from a classmate who helped her see her true potential.

After being seen by a French scout, she eventually secured a high-profile modelling assignment despite early professional opposition. She continued to work as a model for several top apparel brands and made history by becoming the first black woman to appear on the covers of esteemed publications like “GQ” and “Sports Illustrated Swimsuit Issue.”

She later experimented with writing, singing, acting, and teaching. She is one of the few females to consistently appear on the list of the “world’s most influential people” published by “Time” magazine. She is also one of the select few models to have been recognized by MODELS.com as a “Legendary Supermodel.”

Tyra Banks Early Life

Carolyn London and Donald Banks welcomed Tyra Lynne Banks into the world on December 4, 1973, in Inglewood, California, the United States. Her father was a computer consultant, while her mother was a medical photographer. Devin is the name of her elder brother.

When she was six years old, her parents got divorced. As a result, she and her brother spent the weekdays living with their mother and the weekends with their father. She started out going to “John Burroughs Middle School” before switching to “Immaculate Heart High School” in Los Angeles, where she eventually graduated in 1991.

She experienced body shame when she was about 11 years old since she was tall and thin. Tyra Banks, who was qualified enough to be accepted by all of the prestigious universities to which she applied, decided to pursue film studies at Loyola Marymount University.

But even before she started college, she relocated to Paris since a French modelling agency had chosen her for the upcoming Paris Fashion Week. You may also check our trending articles like Jerry Springer and Tommy Davidson.

Tyra Bank’s Personal Life

In the past, Tyra Banks has had romantic relationships with several famous people, including the director John Singleton and the basketball player Chris Webber. She doesn’t talk about her private life in public, however, she acknowledged experiencing emotional abuse in the past in 2005.

In 2013, she began dating Norwegian photographer Erik Asla. In January 2016, Banks, who struggled to conceive, was gifted with a boy named York Banks Asla through surrogacy.

Tyra Banks Career

Modelling Career

Tyra Banks began working as a model at the age of 15 while still in school. She was accepted by “L.A. Models” after being turned down by four modelling agencies. She entered into a contract with “Elite Model Management” in 1990, and as a result, she was given the chance to model in Europe.

She then relocated to Milan. She accomplished an amazing milestone the following year when she signed up for 25 runway shows during the 1991 “Paris Fashion Week” as a newbie. She decided to move back to the USA in the middle of the 1990s to pursue a career as a swimwear and lingerie model since she found it difficult to adhere to the tight diet required by the business.

She signed a contract with “CoverGirl” cosmetics in 1993, becoming the company’s first African-American model to do so. She was named one of the “50 Most Beautiful People in the World” by “People” magazine in 1994.

In 1996 and 1997, she made history by being the first African-American model to appear on the covers of GQ and the Sports Illustrated Swimsuit Issue. She was the first black woman to appear in the “Victoria’s Secret” lingerie catalogue after being selected as a “Victoria’s Secret Angel” in 1997.

She received VH1’s “Supermodel of the Year” honour that same year. She then stopped modelling to concentrate on her other career options, but in 2010 she re-signed with her previous modelling agency, “IMG Models.”

Television & Film Career

In 1993, Tyra Banks made her television debut in the fourth season of “The Fresh Prince of Bel-Air,” where she co-starred with Will Smith. She continued to make appearances in several television programs, including “New York Undercover” (1997), “Just Shoot Me!” (1999), “MADtv” (2000), “Felicity” (2000), and “Soul Food” (2001).

She made her debut on the big screen in 1995 with the film “Higher Learning.” She first appeared in a few small roles in films like “Love Stinks” and “Love & Basketball,” but in 2000 she was cast in the lead role of “Eve” in the Disney Channel telefilm “Life-Size.” She also made an appearance as “Zoe” in the financially successful film “Coyote Ugly” that same year.

The reality television series “America’s Next Top Model” was established and executive produced by her production firm, “Bankable Productions,” which she quickly founded. She presided over the program for the first 22 seasons before returning in 2017 to host the 24th.

She launched her talk program, “The Tyra Banks Show,” in 2005, with an emphasis on problems encountered by young women. The program aired for five seasons and was the winner of two consecutive “Daytime Emmy” awards.

With actor Ashton Kutcher, she co-created the television program “True Beauty” in 2009. She continued to make appearances on other TV shows, including “Black-ish,” “Glee,” “Shake It Up,” and “Gossip Girl” (all of which debuted in 2013). (2015-16). She also spent two months in 2015 co-hosting the program “FABLife.”

She served as the host of the well-known talent competition “America’s Got Talent” from 2017 to 2018. She returned to the character of “Eve” in the 2018 film “Life-Size 2,” which is a follow-up to the 2000 television movie “Life-Size.” She made a cameo appearance in “Germany’s Next Topmodel” the following year.

Other Work

The song “Be a Star” by Tyra Banks was on the soundtrack of her 2000 film “Life-Size.” She made her official singing debut in 2004 by airing her first track, “Shake Ya Body,” on “America’s Next Top Model.” Additionally, she collaborated with NBA player Kobe Bryant on the tune “K.O.B.E.”

When she co-authored the book “Tyra’s Beauty, Inside and Out” in 1998, she made her writing debut. She wrote about her modelling career in the book “Modelland,” which was published more than ten years later and peaked at No. 1 on “The New York Times Best Seller” list in October 2011.

She completed a nine-week “Owner/President Management Program” at Harvard Business School in 2012, at which time she received a credential. In 2014, she subsequently launched the cosmetics line “Tyra Beauty.” She launched the interactive cosmetics e-commerce website “tyra.com” the following year. In 2018, she and her mother Carolyn London co-wrote the book “Perfect is Boring.”

Tyra Banks left the audience fully gagged when she chomped on the finger-licking-good treat. https://t.co/dBvPxOeW9l

— Entertainment Weekly (@EW) October 27, 2022

Tyra Bank’s Net Worth

With a net worth of $90 million, Tyra Banks is an American television personality, actress, singer, model, and businesswoman. Banks began her career as a fashion model, but she has since found great success in television. Tyra Banks’ annual income is thought to be $10 million.

Real Estate

For well over $3 million, Banks bought a 5,740-square-foot home in Beverly Hills in 2004. She ultimately sold the four-bedroom Spanish Colonial for $6.33 million in 2016. Currently, Banks has a 7,000-square-foot Manhattan duplex with a gym, salon, and mirrored dressing room.

She paid $10.13 million for the four-apartment duplex in Battery Park City in 2009. In March 2015, she put the condo on the market with a $50,000/month asking price. The house was then listed for $17.5 million by Banks in the spring of 2017, however, it has not yet been purchased.

Banks started flipping houses in Los Angeles most recently. She put two homes in the Pacific Palisades neighbourhood up for sale in May 2018. The first was a 6,135-square-foot home that had a $9.25 million price tag on it, and the second was a 3,700-square-foot house that had a $4.25 million price tag.

She paid $7.35 million for the larger home just two years earlier, and $3.25 million in 2014 for the smaller one. Within a short period, she sold both residences for $8.9 million and $4 million, respectively.

She also sold an L.A. townhouse for $1.47 million in the same year. Tyra paid $6.995 million in February 2018 for yet another house in Pacific Palisades. In December 2021, she sold this house for $7.895 million.

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