Tyra Banks Net Worth: How Does the Model Make Her Money?

In this article, we are going to discuss some fascinating information about the life of famous model Tyra Banks, including her age, height, weight, relationship status, family, and net worth. So, read on till the conclusion for more information.

Who is Tyra Banks?

Tyra Banks is a multi-talented entertainer who has worked in a variety of fields, including television, film, publishing, modelling, and even singing.

At the age of 15, Banks became the first African-American model to appear on the covers of GQ and Sports Illustrated Swimsuit Issue. Time magazine has consistently listed Banks as one of the world’s most influential individuals.

Among the seven women and four African Americans who have received this level of distinction, she is one of four.

Name Tyra Lynne Banks
Birth December 4, 1973,  in Inglewood, California
Profession Television personality, model, producer, writer, and actress
Nationality American
Relationship with Erik Asla
Children 1

Early Life of Tyra Banks

Banks was born in Inglewood, California, on December 4, 1973. When she was still in high school, she began her career as a model. After being turned down by four agencies, she finally signed with L.A. Models.

Tyra Banks Net Worth

At the age of 16, she was signed by Paris-based Elite Model Management and relocated to Milan, where she worked as a model.

Two years later, in 1991, she made her runway debut at Paris Fashion Week. During her debut runway season, she scheduled 25 shows.

Tyra Banks Career

CoverGirl, a cosmetics firm based in the United States, hired Banks in 1993. She returned to the United States a few years later to continue her career as a commercial model.

A few black models have achieved “superstar” status, but Banks is one of the few. For decades, she’s appeared on the covers of Harper’s Bazaar, Spanish Vogue, Cosmopolitan, and more.

 

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As a model, she has appeared in fashion shows for Chanel, Yves Saint Laurent, Christian Dior, Marc Jacobs, Givenchy and Valentino among many others. Dolce & Gabanna, Ralph Lauren, Versace, Victoria’s Secret and Pepsi are just a few of the brands she has appeared in advertising campaigns for.

Both GQ and Sports Illustrated’s 1997 swimsuit issue featured her as the first African-American model to grace their covers.

As a result of her popularity as a model, Banks has been on several television shows. It was in The Fresh Prince of Bel-Aire that she made her acting debut, as Will Smith’s longtime buddy Jackie Ames.

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In 1994, she co-starred in John Singleton’s drama Higher Learning, which served as her feature film debut. In Disney’s Life-Size, she played a doll named Eve who came to life, opposite Lindsay Lohan.

When Banks was asked to speak at Stanford University in August 2016 about personal branding, he accepted.

In 2019, Banks stated to Entertainment Tonight that she had been changing her modelling moniker to “Banx” after coming out of retirement to appear for a Sports Illustrated swimsuit edition cover.

Tyra Bank’s Net Worth

According to wealtygorilla.com Tyra Banks has an estimated net worth of $90 million. She started as a fashion model, but now she’s a multi-millionaire thanks to her work on television.

She also earns her income from her brand Tyra Beauty. In 2015, she founded the e-commerce website tyra.com for her cosmetics line.

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Ty Baby Productions was also founded by Banks (now operating as Bankable Productions). America’s Next Top Model debuted in 2003, produced by the same business, and The Tyra Banks Program, her daytime talk show, aired from 2005 to 2010. As of this writing, Banks has hosted 23 of the show’s 24 seasons.

Two Daytime Emmy Awards for the best informative television program for The Tyra Banks Show went to Banks in 2008 and 2009. When she hosted the show, she was raking in an average of $18 million a year.

Properties owned by Tyra Banks

In 2004, Banks paid just over $3 million for a 5,740-square-foot Beverly Hills home. In 2016, she was able to recoup $6.33 million from the sale of the four-bedroom Spanish Colonial.

There is a salon, gym, and mirrored dressing room in Banks’ 7,000-square-foot Manhattan duplex. In 2009, she paid $10.13 million for the Battery Park City duplex, which includes four apartments.

For $50,000 per month, she put the apartment on the rental market in March 2015. After that, in the spring of 2017, Banks listed the property for $17.5 million on the market, but it has yet to sell.

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A few months ago, he started doing house flipping in Los Angeles. She put up for sale two properties in the Pacific Palisades area in May of last year. There was a 6,135-square foot house for sale for $9.25 million, and a 3,700-square foot house for sale for $4.25 million.

She paid $7.35 million for the larger home in 2012, and $3.25 million for the smaller one in 2014. Within a few months, she sold both houses for a total of $8.9 million and $4 million. In the same year, she sold a townhouse in Los Angeles for $1.47 million.

Tyra bought a new house in Pacific Palisades for $6.995 million in February of this year. She sold it for $7.895 million in December 2021.

Tyra Banks Personal Life

Erik Asla, a Norwegian photographer, and Banks had a son, York Banks Asla, in January 2016 via surrogacy after dating in the 2010s. In the autumn of 2017, the pair called it quits.

Tyra Banks Net Worth

In addition, Banks has stated that she does not consume alcoholic beverages and has never engaged in illegal drug use.

Frequently Asked Questions

What is Tyra Banks TZONE?

Tyra Banks TZONE is a non-profit organisation dedicated to the advancement of leadership and life skills in underprivileged children and youth. She also founded the Tyra Banks Scholarship for African-American girls to join Immaculate Heart High School, their alma school, which she graduated from.

Why is Tyra Banks a Household Name?

Tyra Banks was a well-known fashion icon on the global stage and the first Black woman to appear on the Sports Illustrated swimsuit issue cover. She went on to host her own daytime talk show and the reality TV competition America’s Next Top Model, for which she received two Emmy Awards.

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