Tyra Banks Net Worth: Know About Her Personal Life And Real Estate!

Tyra Banks Net Worth: American actor, author, producer, businesswoman, and TV host Tyra Banks is a former supermodel. The long-running reality TV show “America’s Next Top Model,” which she conceived, produced, and hosted, is her most famous work.

She also earned two “Emmy” awards during her five-year run as host and producer of the daytime talk show The Tyra Banks Show. Banks, who became a supermodel, had at first hoped to work in Hollywood as a writer or producer.

Banks, who endured frequent body shaming at the hands of her elder brother and others, never even considered modelling as a vocation until a fellow student inspired her to realise her potential.

A French scout noticed her, and though she faced some initial scepticism from her peers, she was finally given a high-profile modelling assignment. She kept modelling for major fashion houses and broke barriers by being the first black woman to grace the pages of major magazines including GQ and Sports Illustrated’s Swimsuit Issue.

Eventually, she tried her hand at composing, performing, acting, and instructing. In “Time” magazine’s annual ranking of the “world’s most important people,” she is one of the few women to feature prominently year after year. She is also one of the few models to be named a “Legendary Supermodel” by MODELS.com.

Tyra Banks Net Worth
Tyra Banks Net Worth

Tyra Banks Early Life

Tyra Lynne Banks was born to Carolyn London and Donald Banks on December 4, 1973, in Inglewood, California. Both of her parents worked in the medical field; her dad was a computer consultant and her mom took pictures for doctors. Her older sibling goes by the name of Devin.

Her parents split up when she was six years old. Therefore, she and her brother split their time between living with their mother during the week and their father on the weekends. She attended Los Angeles’s “John Burroughs Middle School” for a while before transferring to Immaculate Heart High School, from which she graduated in 1991. You may also read Jenna Ortega Net Worth

Around the age of 11, she felt self-conscious about her tall, skinny frame. Even though she was accepted to every top school she applied to, Tyra Banks ultimately chose to study film at Loyola Marymount.

She moved to Paris before she even started college because a modelling agency there wanted to use her for Paris Fashion Week.

Tyra Banks Career

At 15, while still in high school, Tyra Banks launched her modelling career. Although she was rejected by four other modelling agencies, “L.A. Models” ultimately accepted her. In 1990, she signed with “Elite Model Management,” which opened doors for her to pursue a modelling career in Europe.

After that, she packed everything and moved to Milan. Later that year, as a complete newcomer to “Paris Fashion Week,” she signed up for a staggering number of 25 shows and made history. Since she struggled to maintain the strict diet necessary for success in the bikini and lingerie modelling industries, she chose to relocate back to the United States in the mid-1990s.

In 1993, she became the first African-American model to sign a deal with “CoverGirl” cosmetics. The magazine “People” voted her one of the “50 Most Beautiful People in the World” in 1994.

She broke barriers by being the first black model to grace the covers of GQ and Sports Illustrated’s Swimsuit Issue in 1996 and 1997, respectively. Once she was chosen as a “Victoria’s Secret Angel” in 1997, she became the first black woman to be featured in the lingerie company’s annual brochure.

She was named VH1’s “Supermodel of the Year” in the same year. She left the industry to pursue other opportunities but returned to “IMG Models” in 2010 after a hiatus.

Tyra Banks made her television debut alongside Will Smith in the show’s fourth season back in 1993. She went on to star in “New York Undercover” (1997), “Just Shoot Me!” (1999), “MADtv” (2000), “Felicity” (2000), and “Soul Food” (2000), among others (2001).

The 1995 film “Higher Learning” marked her first appearance in a major motion picture. She started out with bit parts in movies like “Love Stinks” and “Love & Basketball,” but in 2000 she landed the major role of “Eve” in the Disney Channel telefilm. That same year, she also played the role of “Zoe” in the commercially successful picture Coyote Ugly.

She quickly formed “Bankable Productions,” where she served as executive producer on the groundbreaking reality show “America’s Next Top Model.” For the first 22 years, she was in charge of the show before returning to host the 24th year in 2017.

In 2005, she started her own talk show called “The Tyra Banks Show,” where she focused on issues facing young women. They won two “Daytime Emmy” awards in a row when it was on the air, and it aired for five seasons.

In 2009, she and Ashton Kutcher co-created the show “True Beauty” for the small screen. It didn’t stop there; she went on to guest star on episodes including “Black-ish,” “Glee,” “Shake It Up,” and “Gossip Girl” (all of which debuted in 2013). (2015-16). Also in 2015, for a total of two months, she was a co-host on the show “FABLife.” Along with this Devon Aoki Net Worth is also most trending topic.

From 2017 to 2018, she was the host of America’s Got Talent, a popular talent competition. In “Life-Size 2,” a sequel to the 2000 TV movie of the same name, she reprised her role as “Eve.” The following year, she made a guest appearance on “Germany’s Next Topmodel.”

Tyra Banks Personal Life

Many well-known personalities have dated Tyra Banks in the past, including director John Singleton and basketball player Chris Webber. Although she rarely discusses her personal life in public, in 2005 she did reveal that she had been the victim of emotional abuse in the past.

She began dating the Norwegian photographer Erik Asla in 2013. Surrogacy allowed Banks, who had difficulty having a child, to have a son, York Banks Asla, in January 2016.

Tyra Banks Net Worth

Tyra Banks is an American TV host, actress, singer, model, and entrepreneur who is worth an estimated $90 million. Banks started out as a fashion model but has since achieved much more fame on the small screen. It is estimated that Tyra Banks earns $10 million per year.

Real Estate

In 2004, Banks paid over $3 million for a 5,740-square-foot mansion in Beverly Hills. In 2016, she made $6.33 million on the sale of the four-bedroom Spanish Colonial. Banks’ current Manhattan duplex is 7,000 square feet and features a fitness centre, hair salon, and dressing room with mirrors.

She spent $10.13 million on the four-apartment duplex in Battery Park City in 2009. The condo was listed for rent in March 2015 for a whopping $50,000. Banks put the home on the market in the spring of 2017 for $17.5 million, but it has not sold as of this writing.

Recently, banks in Los Angeles have begun a new business: house flipping. In May 2018, she listed two properties in the Pacific Palisades area. The first was a 6,135-square-foot mansion asking $9.25 million, while the second, a 3,700-square-foot residence, was listed for $4.25 million.

She forked over $7.35 million for the larger residence in 2016 and $3.25 million for the smaller one in 2014. She made a profit of $8.9 million and $4.1 million on the sale of her two homes, which she completed in a rather short time frame.

In the same year, she made $1.47 million via the sale of a Los Angeles townhouse. In February of 2018, Tyra spent $6.995 million on yet another Pacific Palisades mansion. It was sold in December 2021 for $7.895 million.

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