Tyra Banks is a highly successful American model, television personality and producer. Known for her stunning beauty and charismatic presence, she has achieved significant fame and success in the fashion and entertainment industry.
She has not only paved her way as a supermodel but has also become a prominent figure in the media world. Let’s explore Tyra Banks net worth and notable achievements of her with Byboe!
Table of Contents
- 1 Quick Facts
- 2 What is Tyra Banks Net Worth and Salary in 2023?
- 3 Why is Tyra Banks Famous?
- 4 Biography Overview
- 5 FAQs about Tyra Banks
- 6 Conclusion
|Real Name||Tyra Lynne Banks|
|Popular Name||Tyra Banks|
|Birth Date||December 4, 1973|
|Parents||Carolyn London, Donald Banks|
|Birth Place||Inglewood, California, USA|
|Education||Attended a local all-girls Catholic school, Harvard Business School|
|Children||York Banks Asla|
|Net Worth||$90 million (2023)|
|Monthly Income and Salary||$1 Million +|
|Yearly Income and Salary||$10 Million +|
|Source of Wealth||Modeling, TV shows, Business ventures|
|Height||5 feet 10 inches|
What is Tyra Banks Net Worth and Salary in 2023?
According to reports, Tyra Banks’s net worth is estimated to be around $90 million as of 2023. Her revenue peaked at $11.0 million in 2022. She earns a monthly income of over $1 million and an annual salary of over $10 million.
Banks has earned substantial amounts through endorsement deals, brand collaborations, and her numerous television appearances. Her net worth is expected to grow further due to her active involvement in various business ventures and continued success in the entertainment industry.
Read More: Elle Macpherson Net Worth
Why is Tyra Banks Famous?
Tyra Banks is famous for her multifaceted career as a model, TV personality, producer, and businesswoman. She broke barriers as the first African-American model to grace the cover of Sports Illustrated and model for Victoria’s Secret.
Her fame skyrocketed with her appearances on TV shows like The Fresh Prince of Bel-Air, America’s Next Top Model and Dancing with the Stars.
Tyra Banks was born on December 4, 1973, in Inglewood, California. She grew up in a supportive family, with her parents encouraging her dreams of becoming a model.
Her parents divorced when she was six years old. Despite facing some challenges during her childhood, Banks developed a strong work ethic and an unwavering determination to achieve her goals.
After completing her high school education, Tyra Banks focused on her modeling career but still pursued her academic aspirations.
She attended Loyola Marymount University. In 2004, Banks earned a non-degree certificate from Harvard Business School before founding her cosmetics business, Tyra Beauty. She introduced her e-commerce makeup site, tyra.com, in 2015.
She began her work at the tender age of 15, becoming the first African-American woman to grace the covers of GQ and the Sports Illustrated Swimsuit Issue. Her career took off when she moved to Milan after signing with Elite Model Management at age 16.
Banks walked for numerous high-end fashion brands and appeared in advertising campaigns for Yves Saint Laurent, Dolce & Gabbana, Escada, Tommy Hilfiger, Ralph Lauren, Halston, H&M, XOXO, Swatch, Versace, Christian Lacroix, Victoria’s Secret, Got Milk?, Pepsi, and Nike.
In addition to her successful career, Banks made significant strides in television and film. She began acting on television in the sitcom The Fresh Prince of Bel-Air in 1993 and made her film debut in the drama Higher Learning in 1995.
She also co-starred with Lindsay Lohan in the Disney film Life-Size, playing a doll named Eve who comes to life. Other films she has starred in include Love Stinks (1999), Love & Basketball (2000), Coyote Ugly (2000), Halloween: Resurrection (2002), and Hannah Montana: The Movie (2009).
Banks’ television career includes creating the long-running reality television series America’s Next Top Model, which she executive produced and presented for the first twenty-two seasons.
She also had her own television talk show, The Tyra Banks Show (2005–2010), which aired on The CW and won two Daytime Emmy awards for Outstanding Talk Show Informative.
In 2020, she became the host of Dancing with the Stars for its 29th season, also serving as an executive producer. However, she decided to leave the show after three seasons in March 2023 to focus on her business commitments.
She won the VH1 award for Supermodel of the Year in 1997 and was the first African American chosen for the cover of the Victoria’s Secret catalog. She also won the Daytime Emmy Award twice for her work and production on The Tyra Banks Show in 2008 and 2009.
Furthermore, Banks is one of four African Americans and seven women to have repeatedly been ranked among the world’s most influential people by Time magazine. She is also one of only seventeen models to be ranked as a Legendary Supermodel by MODELS.com.
Tyra Banks is a single mother to her son, York Banks Asla. Despite her fame and fortune, she remains grounded and is known for her frugality.
Banks owns a duplex in Manhattan spanning 7,000 square feet, equipped with a salon, gym, and a mirrored dressing room. Acquired in 2009 for $10.13 million, this Battery Park City duplex consists of four apartments. She put it up for rent in March 2015 for $50,000 monthly and later, in spring 2017, listed it for $17.5 million, but it remains unsold.
Banks has also ventured into house flipping in Los Angeles. In May 2018, she placed two Pacific Palisades homes on the market. One, a 6,135-square-foot house, was listed for $9.25 million. She had bought it two years earlier for $7.35 million.
The other, a 3,700-square-foot property, went on the market after she bought it in 2014 for $3.25 million, and she listed it for $4.25 million. Both were sold within months for $8.9 million and $4 million, respectively. That same year, she also sold an L.A. townhome for $1.47 million.
Tyra Banks News 2023
Here are some of the most notable Tyra Banks news in 2023:
- March 17, 2023: Tyra Banks announces that she is leaving Dancing with the Stars after three seasons. She cites her desire to focus on her other businesses and producing TV as the reason for her departure.
- April 20, 2023: Tyra Banks’ ice cream company, SMiZE Cream, launches a new flavor called Cookies & Cream Dreamsicle. The flavor is inspired by Banks’ love of both cookies and cream and Dreamsicles.
- May 17, 2023: Tyra Banks is honored with a star on the Hollywood Walk of Fame. She is the 2,719th person to receive a star on the Walk of Fame.
- June 20, 2023: Tyra Banks announces that she is developing a new TV show about entrepreneurship. The show will be produced by Banks’ company, Tyra Banks Productions.
Social Media Accounts
- Instagram: 7.3 million followers
- Twitter: 17 million followers
- YouTube: 2.5 million subscribers
- LinkedIn: 1.1 million followers
- Pinterest: 700,000 followers
FAQs about Tyra Banks
When did Tyra Banks start her work?
Tyra Banks began her modeling career at the age of 17 when she signed with Elite Model Management.
What is Tyra Banks’ educational background?
Tyra Banks attended Loyola Marymount University and later pursued further education at Harvard School.
How has Tyra Banks contributed to empowering women?
She has been actively involved in numerous initiatives aimed at empowering young women, including her ModelLand project and her support for various charitable organizations.
Tyra Banks has undoubtedly made a significant mark in the fashion and entertainment industry, attaining immense success and accumulating a remarkable net worth.
Her journey from being a supermodel to becoming a successful entrepreneur and television personality has solidified her as a prominent figure. With her continued endeavors, Tyra Banks continues to inspire aspiring models and entrepreneurs around the world.
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