Tyra Banks Net Worth 2020

Emmy Award-winner, Tyra Banks is an American television personality, actress, model, and businesswoman best known as the host of reality television series America’s Next Top Model and The Tyra Banks Show.             

Banks was a Victoria’s Secret Angel from 1997 to 2005 and was among the world’s top-earning models. The beautiful TV personality made her television debut in 1993 from The Fresh Prince of Bel-Air and her film debut in Higher Learnings (1995).   

Short Biography     

Tyra Lynne Banks was born on 4th December 1973 in Inglewood, California, the United States to mother Carolyn London and father, Donald Banks. She is American by nationality and comes from a mixed ethnicity. 

Fun Fact: Banks discussed the results of an Ancestry.com genealogical DNA test on America’s Next Top Model. As per the result, she is 79% African, 14% British, and 6% Native American results.  

Banks has a brother named Devin. She went to John Burroughs Middle School and Immaculate Heart High School from where she graduated in 1991.   

Journey To Multi-Million Dollars Fortune

Tyra began modeling at a young age of 15. Although she was rejected by four modeling agencies, she was later signed by L.A. Models. The following year, she switched to Elite Model Management.

She moved to Milan when she was offered to model in Europe. Banks booked 25 shows in the 1991 Paris Fashion Week which was her first runway season.

Shortly after that, she appeared in editorials for American, Italian, French, and Spanish Vogue; American French, German, and Spanish Elle; American, German, and Malaysian Harper’s Bazaar; V; W and Vanity Fair.

The 45-year-old model has walked for big brands like Chanel, Oscar de la Renta, Yves Saint Laurent, Anna Sui, Christian Dior, Calvin Klein, Marc Jacobs, Tommy Hilfiger, Fendi, Valentino, Ralph Lauren, Victoria’s Secret, Versace, Armani, and Michael Kors. 

She also appeared in ad campaigns for Ralph Lauren, Halston, H&M, XOXO, Swatch, Versace, Got Milk?, Pepsi, Nike, Escada, Dolce & Gabbana, and Yves Saint Laurent.

She became the first woman to appear on the cover of Sports Illustrated Swimsuit Issue and the first Afro-American to appear on the cover of GQ. In 1997, Banks was awarded the VH1 award for “Supermodel of the Year”. 

The same year, Tyra became the first Afro-American woman chosen for the cover of Victoria’s Secret catalog and became a Victoria’s Secret Angel. She walked as a VS angel for eight years from 1997 to 2005 with an annual salary of $3 million respectively.  

Banks is now a contributor to the Vogue Italia website. Recently in 2019, she came out of her modeling retirement to pose for one of the three 2019 Sports Illustrated Swimsuit Issue covers alongside Camille Kostek and Alex Morgan. It was her third cover for the publication in 22 years after her first. 

As of 2019, Tyra goes by BanX in the modeling industry.

Apart from her modeling career, Banks has made name for herself in the film industry as well. She made her television debut on the fourth season of The Fresh Prince of Bel-Air where she played the lead character, Jackie Ames. 

Her other television credits include Felicity, All That, Nick Cannon’s Wild ‘n Out, MADtv, and The Price is Right.

The Bel-Air star started her own production company called Ty Ty Baby Productions which was later changed to Bankable Productions. Her company produced The Tyra Banks Show, American’s Next Top Model, including the 2008 movie The Clique. 

Moreover, Banks is the executive producer and former presenter as well as the judge of America’s Next Top Model. In a similar way, Tyra hosted The Tyra Banks Show for which she won the Daytime Emmy Award twice.

Banks made her big-screen debut in 1994 in the drama Higher Learning alongside Ice Cube, Jennifer Connelly, Omar Epps, and Kristy Swanson. Some of her other movie credits include Life-Size, Love Stinks, Love & Basketball, Coyote Ugly, Halloween: Resurrection, and Hannah Montana: The Movie.

What Are Her Other Business Ventures?

Banks founded her cosmetic brand called Tyra Beauty in 2014. Her brand uses a multi-level marketing system to recruit sales distributors who are called “beautytainers” by the company. 

In March 2011, Tyra launched her fashion and beauty website called “typeF.com” along with Demand Media. As of 2015, she launched tyra.com, an interactive cosmetic e-commerce site.  

In 2004, Banks recorded her first single Shake Ya Body featuring contestants from cycle 2 of America’s Next Top Model. Likewise, she along with NBA player Kobe Bryant released a single titled “K.O.B.E.” which was performed on NBA TV. 

In 1998, Tyra co-authored a book entitled Tyra’s Beauty, Inside and Out. In September 2011, Tyra published Modelland, a novel based on her own modeling experience. Her novel topped The New York Times Best Seller list in October 2011. 

In 2018, she along with her mother Carolyn published a book entitled Perfect is Boring. 

How Rich Is Model Tyra Banks? 

According to Celebrity Net Worth, Banks is worth $90 million as of November 2019. She amassed most of her fortune from her successful modeling as well as a television personality. 

Banks has been active in the industry since 1991 and has made herself a multi-million-dollar fortune.

Currently, Banks resides in her 6,160 square-foot Pacific Palisades home which she purchased for about $4 million. She is planning to renovate her 4-bedroom and 2-bathroom house into a farmhouse-inspired beach cottage. 

In May 2018, she listed two of her Pacific Palisades property for $9.25 million for the larger one and $4.25 million for the smaller one. She purchased her smaller two-story contemporary in 2014 for just $3.25 million. The house features 4-bedroom and 5-bathroom and stands about 3,700-square-feet. 

In a similar way, Banks purchased a 4,797-square-foot contemporary home for $7.35 million back in 2016. She also owned a mansion in Manhattan which was sold for $17.5 million before she moved back to Los Angeles.

Furthermore, Banks listed her 11,000 square feet Spanish Colonial-style home in Beverly Hills for $7.75 million. She purchased the 4 bedrooms and 5 bathrooms condo in 2004 for $3.085 million. She spent an additional $2 million on renovating the house for the past decade.

Talking about her rides, she owns an SC430 Lexus worth of $66,000.

Is She Dating Anyone?

As per various sources, the mother of one is currently single. She was in a romantic relationship with Norwegian photographer Erik Asla. 

The couple began dating in 2013 and welcomed a son named York Banks Asla on 27th January 2016. The couple separated a year later and went separate ways.  

Besides Erik, Tyra was rumored to be dating fellow ANTM judge Rob Evans, Brain J. White, John Utendahl, Mark Messier, and Will Smith.

About Giving Back

She established the TZONE program aiming at the leadership and life skills development. Likewise, she established the Tyra Banks Scholarship, a fund aimed at providing Afro-American girls an opportunity to attend Immaculate Heart High School.

Tyra is one of the board of advisors of the Yele Haiti Foundation. In a similar way, she supports charities like the Dream Foundation, Get Schooled Foundation, and MOSTe.