"This is about economic inclusion of African American-owned businesses in the U.S. economy," Allen said in a statement that accompanied the lawsuit. The Walt Disney Company agreed to sell as a condition of its Diamond Holding Group and purchase 21st Century Fox rebranded as Bally Sports. Other deals during this period included the purchase of Bayou City Broadcasting, which owns four stations in places like Louisiana and Indiana. Circuit Court . According to The Wall Street Journal, the founder and CEO of Allen Media Group, which owns theGrio, has purchased an opulent estate that Public Storage heir Tammy Hughes Gustavson formerly owned. Byron is blissfully hitched to his loving and caring wife called Jennifer Lucas. We have no more Information about his Father; we will try to collect information and update soon. Byron is permitted to sell 50% of the time that the show has available advertising in exchange for giving away the content for free. The New York Post reported this over the weekend: Top bids to buy the Washington Commanders fell far short of owner Dan Snyder's $6 billion cutoff while billionaire Jeff Bezos has been . He got his start as a comedian, but in 1993, Byron launched his own media company and amassed tremendous affluence along the way. But I say, that's the point, my job is to make sure that [theyre] much better than me., He recalls, When I met my wife 21 years ago, she asked me what was I doing with my life. But who is Byron Allen, the man behind the media empire? You may opt-out by. Byron Allen runs his empire through a holding company called Allen Media Group, LLC (AMG), which he launched in 1993 right around the time he was basically throwing in the towel . The six networks include Pets.TV, Comedy.TV, Recipe.TV, Cars.TV, ES.TV, and MyDestination.TV. Despite being a popular and well-known character, Byron has liked to keep his own life hidden. They have two daughters and a son. Thus, he relishes and commemorates his birthday on April 22 each and every year. The home was originally listed in May 2021 for $127.5 million. For non-personal use or to order multiple copies, please contact Byron Allen Folks was born on the 22nd of April, 1961, in Michigan. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Net Worth: $450 Million. Here's a look at thebusinessman, former comedian and talk show host. Rise of Byron Allen:For Entertainment Studios, Weather Channel CEO Byron Allen, failure is not an option, Could Allen be NFL's first Black team owner? Allen is a well-known businessman, comedian, television producer, and philanthropist who has worked in the film industry for many years. 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. On Thursday, media mogul Byron Allen filed an explosive $10 billion lawsuit against McDonald's, claiming that the fast-food giant engaged in discrimination by refusing to advertise . As of March 2023, Byron Allen's net worth is roughly $500 Million. In 2018,The Weather Channel found a new home at Entertainment Studios. Allen is head of the U.S. entertainment company, Entertainment Studios. . The original release ran from September 2006 to 2014. In exchange for giving the content away for free, Byron is given the right to sell 50% of the show's available advertising time, which he then sells directly. Public Storage founder David Cohen had sold Allen the mansion in Malibu. Wiki, Biography, Age, Spouse, Net Worth, Fast Facts, Chris Rock & Will Smith Wiki, Biography, Age, Spouse, Net Worth, Fast Facts. . In 2009, Allen became the first television entrepreneur to own and launch a portfolio of six 24-hour HD television networks simultaneously. The cable provider will also extend its distribution deal with the Weather Channel. Byron is 61 years old. Billionaire media mogul Byron Allen buys $100 million Malibu estate, Chicago Mayor Lightfoot ousted; Vallas, Johnson in runoff, King asks Duke and Duchess of Sussex to move out of Frogmore so Prince Andrew can move in, Biden Mocks Marjorie Taylor Greene With 1 Simple Hand Gesture, A Nebraska high-school cheerleader competed on her own after the rest of her squad quit. They would never talk about climate change and global warming because there were some people over here that said it wasn't happening and some people over here said it was happening. John Landis made millions as a director and actor in Hollywood, eventually becoming one of the wealthiest icons in the film world. #Chiefs WR Marquez Valdes-Scantling gave former #Packers teammate Allen Lazard a . Byron Allen has been married to Jennifer Lucas since 2007, and they have three children. The same year, he would partner with Sinclair Broadcast Group to acquire Fox Sports Networks, which The Walt Disney Company was forced to sell as a condition of its purchasing 21st Century Fox. Opinions expressed by Forbes Contributors are their own. Byron Allen is a world-renowned businessman who is regarded as one of the most successful entrepreneurs of his generation. He is a proud father of three children named Chloe, Olivia, and Lucas. Yes, you read that correctly for free. The sellers were Public Storage billionaires Tammy Hughes Gustavson and Eric Gustavson. He is a married man. Byron was born on April 22, 1961, in Detroit, Michigan, in the USA. The role allowed Allen to do something he loved travel the country. In 2007, Allen married a television producer named Jennifer Lucas. In 2020, it was announced that AMG was acquiring an ABC affiliate in Honolulu for $30 million. The ruling stated thst he needed to prove racial discrimination under the highest but for standard, which some legal experts said is a nearly-impossible standard for Allen to achieve. He is the founder, chairman, and CEO of Entertainment Studios. Byron has filed similar suits against AT&T and Charter Communications, citing their refusal or unwillingness to carry channels that are owned by African Americans. Byron Allen Net Worth: At present, the total value of Byron Allen's net worth is $800 million. Comedian and media mogul Byron Allen has officially put Charter Communications CHTR +1.3% on notice, now that Federal District Court Judge George H. Wu has allowed Entertainment Studios' $10 . All Rights Reserved. Byron Allen is not a billionaire. Looking forward, Allen has said he plans to spend $10 billion over the next several years to become the nations biggest broadcaster. Already a Subscriber? Byron Allen pays $32 million for adjoining houses in Beverly Hills https://t.co/ULaVDlKRz1 via @land. Billionaire Byron Allen Makes History With Most Expensive Home Purchase by an African American in the U.S. Currently, she works at Entertainment Studios as an executive producer. Hughes died last year. Hes also concerned about the environment, as evidenced by his commitment to educate viewers about climate change. DIS (Photo by Noam Galai/Getty Images for Bloomberg Businessweek). Byron Allen says the NFL needs him to be an owner, WCOV-TV purchase:FCC approves Byron Allen's purchase of WCOV-TV in Montgomery. I love what I do, so it's just natural, it's like breathing, I can't wait to get up and do it.. [I decided that I was] going to go with the scientists, because people don't truly understand that climate change and global warming is the greatest threat to human beings on planet earth, and we have to inform folks so we can help save lives., He sees this as a big responsibility, saying, We as a planet have to come together and address it, because it is a real threat. Allen is the founder, CEOand soleshareholder ofEntertainment Studiosbased in Los Angeles. More:The real story behind the man taking on GM's Mary Barra in battle over race. Net worth: $450 million. Through his media and entertainment company, Allen owns ABC, NBC, CBS and FOXnetwork affiliate broadcast TV stations, as well as 24-hour HD TV networks and various streaming platforms, like The Weather Channel, HBCU Go, Sports.TV. Allen holds the distinction of being the youngest standup comedian ever to have performed on the show. Today, Byron's companies produce more than 30 nationally syndicated programs that generate $100 million in revenue per year. Byron Allen is best known as the head of the American broadcast empire Entertainment Studios. Their names are Olivia Rose Allen, Chloe Ava Allen, and Lucas Byron Allen. He is one of the most under-the-radar, extremely successful people in Hollywood. One company that seems to be holding out is Tegna, a big broadcaster that has rejected Allen's offer of $8.5 billion for an all-cash deal. Charter Communications cable distribution reaches about 26 million subscribers and theyve been blocking Allen from getting access to them. In 2020, Byron wrapped up a 5-year campaign against Comcast after filing a $10 billion claim for racism. Byron Allens net worth is estimated to be $500 Million. Tammy's late father Bradley Hughes, the founder of Public Storage, originally purchased the property in 2003 for $20 million. As one of the few Black-owned media companies, will Allen have the last laugh with this lawsuit finally putting an end to systemic racism in media practices by carrying his slate of channels? The Wall Street Journal reported that Coldwell Banker Realty listing agent Jade Mills referred to the Malibu mansion as a contemporary villa.. The moment you forgive somebody, chances are that you will also give them a second chance, a chance to be near you, without trying to remind them of what they did to you, treating them not as they are, or as they once were, but rather as you want them to be. Byron Allen went to high school at the University of California, Los Angeles. And if you want to shrink something and make it disappear from your life, you need to stop feeding it by fighting against it. According to Black Enterprise, Robert Smith is a 59 year-old billionaire from Denver with an estimated net worth of $6.7 billion - making him the richest Black man in the United States.He's also known for paying off Morehouse's Class of 2019 tuition. Media mogul Byron Allen's net worth of $450 million is helping him to own multi-million dollars worth of mansions to live in and enjoy vacations with his family. In February 2021 he withdrew his lawsuit after a private settlement was reached. Byron Allen. Byron Allen learned the ins and outs of the television industry as a child tagging along with his mother, an NBC Studios publicist. Remember, the issue here is racial discrimination among contracts and there are millions of people impacted and Entertaniment Studios has been denied getting access to Charters subscribers. Allen founded his broadcast business in 1993 and now owns 36 stations in 21 markets, as well as 12 other 24-hour HD networks including The Weather Channel, and free streaming networks liketheGrio and Sports.TV. The suit went all the way to the Supreme Court with both Comcast and Charter reaching settlements with Allen. "The acquisition of The Weather Channel is strategic, as we begin our process of investing billions of dollars over the next five years to acquire some of the best media assets around the world," Allen said at the time of the deal. Be the first to know. We cant say their name. The Mediterranean-style property has a movie theater, tennis court and two guesthouses, one of which doubles as a gym and yoga studio. Sign up! According to The Reporter, Allens homes in Los Angeles, New York, Aspen, Colorado and Maui, Hawaii are valued at more than $500 million. Lets not forget that in Entertainment Studios $20 billion discrimination lawsuit against Comcast TheGrio is FREE on your TV via Apple TV, Amazon Fire, Roku and Android TV. Billionaire media mogul Byron Allen is now the owner of a $100 million Malibu, California property. He fell in love with the entertainment show host/comedic element of Caron's show, and began putting together material for his . This 61-year-old also owns the Weather Channel and there are many properties under his ownership. The Wall Street Journal reports that Allen purchased a $100 million Malibu mansion. Prior to this, Allen's suit had been dismissed three times at the district court level. Comedy and Hosting. 2023 Celebrity Net Worth / All Rights Reserved. 6. Of all of them, Allen for the most part gets from his diversion organization and owns Allen Media Group. Entertainment Studios also has 64 syndicated television series, eight cable networks. In 2018, he paid $22.8 million for an oceanfront estate in Maui and $20 million for a mansion in Beverly Hills. The US entertainment company's head is currently shining in the industry. His next-door neighbors are Tom Cruise on one side and billionaire Kirk Kerkorian on . We have no information about his girlfriend/boyfriend. Byron owns 100% of Entertainment Studios to this day. The purchase price reflects the highest that a Black American has paid for a home in the United States. No, Byron Allen is certainly not a very rich person yet, but he could become one in the blink of an eye. The exterior boasts coral stone finishing, while the interior is trimmed in mahogany. Also, he claims some luxurious mansions and houses, which helps his abundance. "We're not trying to create any more Bob Johnsons," referring to the billionaire African American founder of Black . What kept that show from being canceled were the ratings from the middle of the country, and thats what kept us in the top five. Together Comcast and Charter, which together control close to 60% of the cable TV market. Opinions expressed by Forbes Contributors are their own. The court case was eventually taken to the Supreme Court after an appeal from Comcast. He paid $32,000,000 for twain adjacent Beverly Hills homes near the mansion he aims to bring down and restore with a 24,000 square-foot estate worth $150,000,000. This deal was worth an astounding $10.6 billion. National Review. As one of the wealthiest characters in media, continually progressing through life, Byron could soon become a tycoon. Earlier in the year, he closed a deal that included the acquisition of 11 broadcast television stations from USA Television. At this present moment, he is 9 years old. Allen, whose bidding intention was first reported by Bloomberg, has been in the national . He has numerous sources of income to make money from him. He told the Television Critics Association this week that the network became my playground and my babysitter. Standing in the wings, he watched Johnny Carson work and took to standing near Carsons parking space just to say hello to him. Continue reading your article witha WSJ subscription, Already a member? CMCSA The media mogul has purchased a home in Malibu's Paradise Cove for $100 million, the . However, Byron was previously known for receiving a $20 billion lawsuit settlement in the cable channels. As of now, he is the head of the U.S. entertainment company Entertainment Studios. Emmy has been studying celebrities careers, biographies, lifestyles, and net worths for over 3 years. Byron Allen Folks was born on April 22nd of 1961 in Detroit, Michigan. It was a weekly, one-hour series profiling the current stars of television and film. The property features an 11,000 square-foot primary home with 8 bedrooms and 12 bathrooms plus several additional guest and staff houses. Allen put together a stand up routine and began performing at amateur nights in Los Angeles comedy clubs. In 2018, it was announced that Byron Allen's company would be acquiring The Weather Channel for $300 million. NFL team Denver Broncos are going up for sale and billionaireslining up to bid, including Allen,who hasbacking from NFL commissioner Roger Goodell and New England Patriots owner Robert Kraft. He hosted "Real People"the predecessor to today's reality TV shows where he'dintervieweveryday people from 1979 to 1984. Byron Allen was born on April 22, 1961, and is currently 61 years old. . Allen also stated that he plans to spend about $10 billion in total over the next few years in a bid to invest heavily in acquisitions and become the nation's biggest broadcaster. The hard work, obviously, paid off as his company, Entertainment Studios, now has over 65 shows on ten networks and streaming platforms. He attended high school at Fairfax High School in Los Angeles. Yes. As a comedian, Im gonna push the boundaries. The Listing: Prior to Allen's purchase, the . Its likely we may see a similar outcome in the Charter case, since after more than five years, Allen can proceed against Charter with pre-trial initial disclosures and commence discovery. Chinese Billionaire Made $1 Million Donation to Trudeau Charity Following Election that Brought Liberals to Power. Sign up for THR news straight to your inbox every day. After buying houses in Beverly Hills, Byrons followers are interested in his wealth. Byron Allen produces 32 television shows, runs a massively successful studio, and is worth $400 million. Allen, a former comedian and TV host, has not appeared on the Forbes Billionaires list to date; it's unclear . He also has a stake in The Weather Channel. 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