Tyra Banks has defied the odds to establish herself as a prominent figure in the modeling industry, transcending challenges related to diversity and representation. As one of the few Black supermodels, her beauty and elegance have not only solidified her status in fashion but have also contributed to her impressive net worth of $90 million. This wealth stems from her modeling career as well as savvy investments in various business ventures, reality television hosting, and real estate.
A significant part of Banks’ financial success can be attributed to her ventures in real estate. Since 2018, she has been actively flipping houses in Pacific Palisades, Los Angeles, turning a profit of over $1 million on her investments. Notably, in May 2018, she put two properties on the market: a 6,135-square-foot home priced at $9.25 million and a smaller 3,700-square-foot residence at $4.25 million. Both properties sold within months, closing at $8.9 million and $4 million, respectively. Additionally, she sold a Los Angeles townhome for $1.47 million that same year. Her real estate portfolio also includes a luxurious 5,740-square-foot Beverly Hills home that she purchased in 2004 for about $3 million and sold for $6.33 million in 2016.
Beyond real estate, Banks has made her mark as an entrepreneur. With a business degree from Harvard University, she founded the cosmetics brand Tyra Beauty and established Bankable Productions, which is renowned for producing “America’s Next Top Model” and “The Tyra Banks Show.” Her daytime talk show won her two Daytime Emmy Awards, further showcasing her talent beyond modeling.
Banks is also committed to giving back, as seen through her charitable foundation that offers scholarships to individuals in need. Her ongoing efforts are recognized widely, and she continues to make significant contributions to the community.
Currently, Banks is expanding her entrepreneurial footprint with her ice cream brand, Smize & Dream, while balancing quality time with her family. Her journey reflects resilience, creativity, and a commitment to empowering others, making her a shining example of success in the entertainment and business industries.