Byron Allen Folks is the CEO of Entertainment Studios in the United States, in addition to being a comedian, TV producer, philanthropist, and businessman.
Real People, The Byron Allen Show, Entertainers with Byron Allen, Comics Unleashed, and Kickin’ It with Byron Allen are just a few of the series that Allen has hosted or co-hosted. He frequently appeared on the show Funny You Should Ask, on which he also created and served as executive producer. If you’re curious about Byron’s fortune and want to learn more about it, keep reading this article.
The Beginnings of Byron’s Life
On April 22, 1961, Byron Allen Folks was born in Michigan. When his mother was working as a publicist for NBC in Burbank, he would tag along with her and that is when he first became interested in the entertainment industry.
Allen began performing his first stand-up routine at the age of 14 in Los Angeles area comedy clubs as part of an amateur night.
Byron Allen’s Current Estimated Net Worth
American comedian and TV producer Byron Allen have an estimated net worth of $800 million. Byron Allen is the most recognized face in the American media industry as the CEO of the massive Entertainment Studios.
Allen Media Group is a company he owns and runs (AMG). One of Hollywood’s most unsung heroes, he has achieved extraordinary success without drawing much attention to himself. Allen now controls the Weather Channel after purchasing it in 2018. (not the website). He is the owner of 12 cable networks and the active producer of about 70 shows that are shown on affiliates across the United States.
What Are Byron Allen’s Holdings in The Business World?
Byron Allen is the majority shareholder in Entertainment Studios, which is also known as Allen Media Group. In 2017, the firm’s assets were worth more than $1 billion.
Allen bought The Weather Channel from NBCUniversal and Bain Capital, adding it to his other media holdings. Through Diamond Sports Group, he also runs Bally’s Sports Group (for which he partnered with Sinclair Broadcasting). He then purchased several TV stations from Bayou City Broadcasting, a separate media company run by a minority group.
Byron Allen’s Real Estate Holdings
A Maui mansion that cost $422,8 million was purchased by Byron Allen in 2018. The mansion features an elevator, a wine cellar with 500 bottles, an outdoor spa, a pool, a three-car garage, and a veranda that spans 1,700 square feet, all inside its 7,300 square feet of interior space and five bedrooms.
When 2019 rolled along, Allen spent $20 million on a Beverly Hills property. It sits on more than a third of an acre of property and features eight bedrooms and 11,266 square feet of living space. He also purchased a 3,000-square-foot condominium at 220 Central Park South the same year for $26.75 million.
In 2020, he also purchased an Aspen, Colorado, estate for $27 million. The 9,000-square-foot estate, formerly owned by a Mexican businesswoman, has a view of the surrounding mountains, an outdoor pool, glass walls, and a second-story terrace. It was originally marketed for $35 million.
The Malibu Mansion that Byron Allen Bought for $100 Million
The media magnate just spent millions on a new property in Malibu. For a cool $100 million, he bought that 11,000-square-foot Malibu mansion. That’s the kind of paradise everyone dreams of finding.
Paradise Cove, Byron Allen’s Malibu mansion, is a straightforward four-bedroom home with two separate guesthouses. In addition, there is a yoga studio, a gym, a tennis court, and a home theater.
The marriage of Byron Allen and Jennifer Lucas in 2007 was featured on the society pages of The New York Times. The news source did mention that “the bridegroom’s first marriage ended in divorce,” but otherwise included no information about Allen’s ex-wife.
Even yet, Lucas has stuck with her original surname, and she and Allen are still together, raising their three kids (daughters Chloe and Olivia, and son Lucas) in the present day.
Byron Allen Folks is an American businessman, comedian, television producer, philanthropist, and the head of the U.S. entertainment company Entertainment Studios. He has a net worth of $800 million. Allen also owns The Weather Channel, which he acquired from NBCUniversal and Bain Capital.
In 2018, Byron paid 422.8 million for an oceanfront estate on Maui. In 2007, Byron Allen’s marriage to Jennifer Lucas made The New York Times society pages.