Tyra Banks Net Worth

Tyra Banks is a willful woman who rose from a modest beginning in New York City to a meteoric rise to fame. She has had much to live up to as the reality TV queen. The real estate mogul and celebrity started as a struggling model and personal stylist who kept working even after her early career setbacks. Today, she’s one of the business’s highest-profile and most successful models, with an estimated net worth of $100 million as of 2022.

Who is Tyra Banks?

Tyra Lynne Banks was born to Carolyn London, a medical photographer, and Donald Banks, a computer consultant, in Inglewood, California, in the United States. Banks went to a local all-girls Catholic girls’ school in her early life.

In the 2010s, Tyra Banks got into a relationship with a Norwegian photographer known as Erik Asla, and they welcomed a biological son, York Banks, in 2016 through surrogacy.

What is Tyra Banks’ Net Worth?

Tyra Banks’ estimated net worth is a whopping 100 million dollars, with an annual salary of $30 million.

Her fortune is derived from multiple sources of income, as the model works in more than one industry. In addition to her modeling success, Banks has amassed millions from property flipping in Los Angeles and hosting her reality TV show, America’s Next Top Model. Her net worth has also grown due to her roles in the many films she has played.

Tyra Banks’ Career

Tyra Banks began her modeling career in 1995 with the assistance of her mother. Unfortunately, four modeling agencies nixed her before LA Models signed her. She  went to Elite Model Management, where she encountered more difficulties in the ultra-competitive profession because many people thought she was “too ethnic.”

 She was sent to Paris for the Paris fashion week for her debut runway presentation in 1991. She so pleased the designers that she ended up booking 25 shows, which had never been done before by a novice, pushing her into supermodel stardom. She was the first African-American woman to grace the covers of GQ and Sports Illustrated Swimsuit Issue. From 1997 through 2005, she was a Victoria’s Secret Angel. She was called the “new Naomi Campbell” after that.

Banks founded the reality television series America’s Next Top Model in 2003, which she produced and hosted for the first twenty-two seasons before its cancellation in October 2015. She stayed as executive producer after the series was revived in 2016 and only hired Rita Ora as the presenter for the twenty-third cycle.

Tyra Banks was among the brand’s creators, True Beauty and had a famous television talk show known as The Tyra Banks Show. The show often aired on The CW channel and won two Emmy awards for Outstanding and Informative. She co-hosted the discussion show FABLife for two months in 2015. In addition, banks hosted America’s Got Talent for the 12th season in 2017. 

As a producer, she hosted Dancing with the Stars for the 29th season in 2020.

Banks made her television debut in The Fresh Prince of Bel-Air and her feature film debut in Higher Learning. She had essential film appearances in 2000, including Eve in the Disney Channel’s Life-Size and Zoe in the successful box-office movie called Coyote Ugly. Banks has appeared in the romantic sports films Love & Basketball and Resurrection, and the television shows Gossip Girl and Glee.

Modelland, a novel based on Banks’ experiences as a model, debuted at the top of The New York Times Best Seller list in 2011.

Her own production firm, Bankable Productions, has produced The Tyra Banks Show, America’s Next Top Model, and The Clique (2008). Time magazine has listed Banks as one of the most critical individuals in the world. Furthermore, MODELS.com describes her as a renowned supermodel.

Other Ventures

Cosmetics Brand

Banks founded the cosmetics brand Tyra Beauty in 2014 after completing a non-degree certificate program at Harvard Business School.

Music

Banks has starred in music videos for Michael Jackson’s “Black or White,” George Michael’s “Too Funky,” and Lionel Richie’s “Don’t Wanna Lose You.” She launched her first single, “Shake Ya Body,” in 2004, which included contestants from America’s Next Top Model.

Writing

Banks co-wrote Tyra Banks’ Beauty, Inside and Out, which topped The New York Times Best Seller list in October 2011. She released Modelland in September 2011 as the first installment of a planned three-part series. 

Teaching

In August 2016, Banks accepted a personal branding guest professor position at Stanford University.

Property

“Things didn’t make me happy,” she said in an interview with Money magazine. I saved and saved and saved. But I saved too much. Finally, my accountant approached me 15 years ago and said, “Tyra, you’re not spending money.” Nothing. You’re simply handing it over to the government (in taxes). You need to spend some damn money!”

America’s Next Top Model star took the advice and set up a particular bank account for “frivolous” purchases, spending the funds on “stupid stuff,” including regular private plane travel.

“In retrospect, I should have purchased art and things that I appreciated,” she admitted.”I was getting private planes but nothing to show for it. So it was a private plane kinda moment for me.”

Tyra, the house flipping master, owned several houses that she later sold at a profit. For instance, a $4 million Beverly Hills home from 2004 to 2016, which she sold at $6.3 million, and her fifth modern Pacific Palisade home, which she recently sold at a breathtaking $7.9 million profit of $900,000. She also owns the Battery Park City duplex. 

The supermodel has excellent taste in luxury cars, including;

•  A $70000 Lexus SC 430
• A $76295 Cadillac Escalade
• A $34945 Mercedez Benz GLA
• A $93275 Lexus LX570

Philanthropy

Tyler Banks founded the Tyra Banks Tzone foundation to promote oneness among women and girls. She raises and generates grants to community-based nonprofits that serve low-income, underprivileged women and girls.

The foundation’s dedication is to assisting innovative organizations that help women and girls reach their full potential.

Tyra Banks Life Facts

• Her birth sign is Sagittarius.
•  Tyra Banks enrolled at Loyola Marymount University but altered her studies when a French modeling scout approached her about modeling high-fashion collections on the Paris runways.
• In the mid-90s, Banks began to gain weight, which is unacceptable in the model world, so after moving to Milan for runway work, she decided to move back to the US, where she used her curves to become one of the most successful lingerie and swimsuit models of her era.
•  From 2017–18, she hosted the reality TV series America’s Got Talent.
• In 2015, Tyra and ANTM’s makers were sued for $3 million by Angelea Preston, who won cycle 17, but they took her title away after they found out she was an escort in the past. Preston also claimed that the girls’ treatment was inhumane and that Banks “cynically exploited” them.

What next for Tyra Banks?

Since leaving ANTM, Banks has been a regular on “Dancing With The Stars,” where she has repeatedly sparked controversy. She has also launched her ice cream brand, SMiZe Cream. She is currently concentrating on her business, which produces “Super Premium Ice Cream” varieties in partnership with ice cream scientist Dr. Maya Warren.

Tyra Banks FAQs