Source: Tyler Perry Lost Millions On Buckhead Mansion Sale

tyler perry

Contrary to published reports that media tycoon Tyler Perry sold his Buckhead Atlanta mansion at a huge profit for $17.5 million, he actually lost millions on the sale.

A well-connected real estate source says Perry poured $15 million into home improvements after purchasing the house on 17 acres of land for $9 million in 2005.

Perry originally listed the 9 bedroom, 5 bath house for $25 million in June of last year. He finally unloaded the property to an unknown buyer for $17.5 million in cash earlier this month.

According to my real estate insider:

"Perry might be strapped for cash because his house originally listed for 25 million and he put 15 million in it for improvements, thus he took a $6.5 million loss on the property."

tyler perry

  • Jusstlookn

    Ehhh

  • Blue

    No problem. He can make that money back in his sleep.

  • That’s Interesting

    But he's filthy rich...

  • http://batman-news.com Roderick2011

    Negative Nancy aka SMR strikes again.
    Ha,ha,ha!!

  • melissaisasnob

    When these numbers are calculated people often forget to deduct the cost of living there. He would've had to pay to live somewhere. Therefore, the loss is not always as big as the numbers suggest. How much would it had cost him to rent a place that size for the length of time that he lived there? You can't live for free.

  • PettyEyezPrime

    Rich people problems,only way to solve em, is to keep on getting rich, richer and richer, he need every single dolla "k.michelle"

  • Da Puppet Mistress

    a huge profit for $17.5 million, he actually lost millions on the sale.
    ^^^^
    This is making the accounting part of me itch. It's a huge oxymoron.

  • L.T.L. Since 2007

    #RichPeopleProblems

  • Let Your Soul Glow

    I don't do numbers and it still made my eye twitch. Ugh!

  • Milani

    Perry poured $15 million into home improvements after purchasing the house on 17 acres of land for $9 million
    ===============================================
    It must be nice...I can only wish.

    ...but his money, his decisions, I guess.

  • Monday

    He probably though he would make Billions of Teenage Mutant Ninja Turtle.
    It was good, I went to the private viewing last weeknd. Good actor.

  • L.T.L. Since 2007

    Me >>>> HERE <<<< You

  • Blue

    hahaha

  • Let Your Soul Glow

    Tyler still has a net worth of $400 million, so good or bad deal, he's still eating.

  • Jusstlookn

    Look in my purse
    ..dust and a light bill. Kudos to him

  • Just Keya

    Seeing as how it was him and this mystery baby we have not seen in forever, did he really need all that house anyway?

  • Just Keya

    And a stray fruit snack or two, and our bags look just alike. Ugh

  • Saharabutnotdry

    I hate mansions . How do I keep an eye on you ?

  • Just Keya

    Some stuff is just an overkill IMO

  • MissyJ

    He went full on Michael Jackson and sent the mama away? I thought he had the baby with his "woman"

  • iWasteTime

    As a person buying a home in this economy, though not on this level, NO home is going for asking price. It is truly a buyers market. Why the banks are holding on to forecloses for dear life, trying to get more for them when the market recovers.

  • PettyEyezPrime

    Hey Keya, how are the chirren? You? Bun in the oven?

  • MissyJ

    Add 4 crumpled receipts

  • PettyEyezPrime

    I can't feel no way about THIS

  • Milani

    ...and an ink pen that doesn't work.

  • Wuts got Petty Davis Eyes..

    This was on my desk when I came to work today.

  • jeniefrumdabloc™

    Tyler losing millions in like saying he lost 50 cents .... Tyler keep doing you my Brother I love what your doing ..... keep spreading the love and it returns ..... But you know this doe !!!!

  • PettyEyezPrime

    ? woot woot WUT

  • Wuts got Petty Davis Eyes..

    Just because flowers are the BEST!!

  • PettyEyezPrime

    How you profit and lose, just go with it?

  • Saharabutnotdry

    Tooth picks and a tampon .
    Stuff to poke myself with .

  • MissHarlem

    Clearly someone is not up on real estate because this is a non issue. Apartments ain't going for asking far less a house/mansion but OK ??

  • Mystery User

    a book, earphones, dry-rotted checkbook (who writes checks anymore), and some wen N Wild lip gloss (matte)

  • Jusstlookn

    How nice.?

    Hold on, I gotta make coffe. Brb

  • Yoni

    A stray earring with no back and a stick of gum out of (or stuck to) the wrapper.

  • PettyEyezPrime

    You iz important and you iz loved

  • Blaque Mahogany

    I need a Jordan plug.

    ....not really. Just wanted to say "plug".

  • BKLYNS MAMA

    ....and one weave track!

  • jeniefrumdabloc™

    It is hot as fawk outside ugh !!!

  • Wuts got Petty Davis Eyes..

    LOL..the crazy thing is I think i only mentioned where I worked a couple times and he remembered! Awww..

  • Let Your Soul Glow

    Pretty arrangement! Go Wut!

  • Jusstlookn

    Speaking of Real Estate, The first family has chosen thete 5 million dollar home DC. Its near Embassy row.

  • PettyEyezPrime

    He cares. Awww Wut. #YOUDESERVE

  • Di Ana

    It sure is. You in the NYC area? Manhattan is nasty as hell. Yuck.

  • Jusstlookn

    Nice, but you know whete he work and his social right? ??

  • Di Ana

    You mean the Obamas are planning on living in DC after he lives office? I thought they were gonna move to Hawaii or back to Chi-Raq.

  • Molly Church

    Nothing 2 see here. Millionaires that come from NOTHING Never seem 2 have ENOUGH?. He's needs More House, More Land. REALLY?. He can't take it with him soooooo, all we can hope for is that he has a "Will just N case there's Coins left behind?

  • http://Copblock.org aDingoDrankMyBabies

    Meanwhile I'm giving hand jobs just to make ends meet??? not that I don't enjoy givin em? Depends on the peen? Those uncircumcised ones are so fun and festive?

  • Renee Bee

    Close circuit cameras and phone app. #helpful ?

  • Jusstlookn

    It was hot has heck upstairs light. I dared a mofo to ask me turn on air and told mr to get some cold water. Shorts and tanks....break them out. Our Gas and electric is all time low. Jesus

  • Jusstlookn

    Baby girl is gonna finish high school at xyz school.

  • Jusstlookn

    Hey lover??

  • Jusstlookn

    Please leave that in car, dont want thatbout during lunch.

  • BRING THE PAYNE

    ....and a few loose skittles

  • http://Copblock.org aDingoDrankMyBabies

    Hey chubby hubby?

  • jeniefrumdabloc™

    Ga

  • iWasteTime

    Yes, they gonna let the baby finish high school

  • iWasteTime

    He done quoted Jodeci!!
    owwwww!!
    I like the arrangement as well!

  • ReadingIsFundamental4Real

    write off the loss in taxes. :-)

  • Renee Bee

    Chile, I don't know anyone wanting to voluntarily move back to Chi-Town. ?

  • https://www.sandrarose.com Django the God

    *Nose laugh*

  • Renee Bee

    So cute.

  • melissaisasnob

    How much does that pay?

  • SugarFoot a.k.a Ty

    Sandra get outta these folks pocket lol I want some teriyaki wings *rocks like Miss Sophia*

  • E-VannaRootsAllEvil

    Hey jenie I meant to speak back the other day I'm sorry I missed your "hey" how r u?

  • http://Copblock.org aDingoDrankMyBabies

    I charge by the inch?? Anything under 4 rides for free???

  • SugarFoot a.k.a Ty

    *hollering*

  • http://Copblock.org aDingoDrankMyBabies

    hi??

  • SugarFoot a.k.a Ty

    Alright nah Wut Wut :)

  • Sucker Free

    Surveillance ?

  • PettyEyezPrime

    I so hungry right now ?My stomach is making all kinds of noises. All of them sound angry.

  • jeniefrumdabloc™

    doing good gal and you <3

  • SugarFoot a.k.a Ty

    :chase:

  • Mahogany

    Exactly what I was thinking.

  • Low E. TUH!

    MADEA GOES TO SLEEP**

    FIXED

  • Low E. TUH!

    I GOT MORE S-N-C SALAD...AND GRILLED CHICKEN ON A STICK...2 OF EM AND GRILLED CORN. I'M SITTING HERE DEBATING ON WHICH ONE I WANT FIRST

  • BKLYNS MAMA

    yes, I would like to return this...wait, let me look for my receipt...digs in purse finds receipt with the weave track attached.....that weave GLUE is some else.

  • Low E. TUH!

    LMAO

  • ATL White Guy

    I'd like to have been the real estate agent who go the 6% commission or whatever it is now.

  • Wuts got Petty Davis Eyes..

    LOL..he so corny..but I like it.. LOL!

  • Wuts got Petty Davis Eyes..

    Why you laugh DJango? LOL

  • E-VannaRootsAllEvil

    I'm ok starting the process of buying a new home. Wish me luck! It's so stressful

  • Wuts got Petty Davis Eyes..

    Chile..where ever a wallet lies...tis all I have to say bout that...lol

  • jeniefrumdabloc™

    Goodluck bew ... and congrats on this journey .. .I'm sure you will find the home of your dreams

  • E-VannaRootsAllEvil

    Thanks love

  • T’acheItEzeInMy6″Heels

    Man, that house is beautiful!

  • Wuts got Petty Davis Eyes..

    Chile, I'll do something sweet in return..I think I'll put on his Stetson and scream YEEEHAW! when im riding him... https://uploads.disquscdn.com/images/42e766825cc2dd5dbc519049a6665384ef032d605184f428da26f418913d9567.gif

  • Readytochokemothernatureonout

    ?lol

  • Readytochokemothernatureonout

    To be able to afford such a loss *sigh*

  • Mister Fantastic

    Since we are being "technical", think about all the money he saved shooting scenes on the property, deals made while hosting at his estate, and renting out the home for the many events and functions... Society will build up a person to the stars, only to attempt to tear them down for a like...

  • http://www.pureromance.com LA

    Ummm. Dude is wealthy!!!! He prob made 6.5 mil last week..

  • Blue

    Bwahahahaha. 10 million just like that!

  • Pettyville123

    LMAO

  • imright

    didnt he have a maternity unit built on to the house?? who the hell wants that?! ??? hes still winning tho! ?????

  • Unita Lucinda “Lucy” Freebush

    ~looks over at @Yoni~

  • Unita Lucinda “Lucy” Freebush

    Hangry

  • Unita Lucinda “Lucy” Freebush

    Whaaa?

    YOU NEED A DISCLAIMER!!!

    I'm over here talking to @PEP, @Low and @Sugar about food and I scroll down to "Meanwhile, nack at the ranch, I'm giving handjobs..."

    Uh, tain't on the menu. I had my mouth all fixed and here YOU come ?.

  • Unita Lucinda “Lucy” Freebush

    Really?

  • Unita Lucinda “Lucy” Freebush

    I shan't.

  • Unita Lucinda “Lucy” Freebush

    I won't complain after seeing snow in May. ?

  • SugarFoot a.k.a Ty

    Yoni got wings?!? I had to order something today :(

  • melissaisasnob

    I'm joking.

  • SugarFoot a.k.a Ty

    Hollering

  • Unita Lucinda “Lucy” Freebush

    Ain't that the truth?! You hot? Strip. Get a beater. Pick up that MLK fune fan ova there and get to gettin'. You cold? Layer it up like Ralphie's li'l brother in "A Christmas Story". You don't need to move that much in your sleep anyhow. Be still! ?

  • Unita Lucinda “Lucy” Freebush

    CLASSIC ROSE TALES

  • Unita Lucinda “Lucy” Freebush

    Oh ?

  • Unita Lucinda “Lucy” Freebush

    Either that or he's a detailed stalker ?

  • Unita Lucinda “Lucy” Freebush

    ???

  • http://Copblock.org aDingoDrankMyBabies

    hi??

  • http://Copblock.org aDingoDrankMyBabies

    ???

  • Unita Lucinda “Lucy” Freebush

    ...with lint on it

  • Unita Lucinda “Lucy” Freebush

    Whattuh?

  • stanhope

    Uncut=cheez whiz

  • Soon2BWife

    Oh, please. He didn't lose squat. If people come to the table with case purchase price is usually lowered cuz it is a guaranteed sale. Don't get too excited, its still 17 million.

  • http://Copblock.org aDingoDrankMyBabies

    Haaaaaaaa?

  • Soon2BWife

    No, ma'am!!!!!! Lol

  • Soon2BWife

    If I enlarge pic and angle this phone right they look like they are sitting on my desk, lol. Very nice!

  • Li

    Could that be why he's now "acting" in movies & TV, so he can make some extra money?

  • Li

    Could that be why he's now "acting" in movies & TV, so he can make some extra money?

  • MocaPretty

    BOL!!!!! Good one hahaha

  • Wuts got Petty Davis Eyes..
  • Unita Lucinda “Lucy” Freebush

    Yoni ALWAYS has wings...or a platter. ?

  • Marchele

    Ummm that's not anywhere near Buckhead...

  • Unita Lucinda “Lucy” Freebush

    I know. I figured you were asking for research purposes or just to be plain ole nosey. Shoot. I wanted to know myself. ? But it was still funny.?

  • Saharabutnotdry

    Duh !

  • Lorenzo Chaps

    Paces runs right through Buckhead.

  • Lorenzo Chaps

    The pool at this estate is amazing, like dude, it must be nice. I thought I'd never say it, but when a stalk mansions now, I have to admit that this is way too much house. I know on his level, it makes sense cuz he has the money.

  • stanhope

    That is what i said..there arent 17 acres in buckhead

  • stanhope

    You tell em....funky dineva is strapped for cash..Tyler Perry is NOT. Sheree Whitfield may be looking for change in the sofa cushions, Tyler is not.

  • kekeb

    I doubt if he's going broke. What u want the man to do, keep a mansion he's not living in?

  • C B

    This dude is trying so hard to be like Oprah. Has anyone notice he has the same mannerism (womanerism) as Oprah? Classic open hands like Oprah always does. Now he wants a farm, like Oprah.

  • T3

    ?????

  • Switchblade Slim

    and a half of blunt and a cracked cell phone.......oh, and the EBT card with the peeling magnetic strip.

  • Jusstlookn

    Ha