Byron Allen's Net Worth (Updated 2022) | Wealthy Gorilla

Net Worth:	$800 Million
Age:	64
Born:	April 22, 1961
Gender:	Male
Height:	1.75 m (5 ft 9 in)
Country of Origin:	United States of America
Source of Wealth:	Professional Comedian
Last Updated:	Jan 1, 2026

Table of Contents

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• Introduction
• Career Overview
• Stand-Up Comedy & Television
• CF Entertainment & Entertainment Studios
• Business Ventures & Investments

Introduction

Byron Allen is an American businessman, comedian, television producer, and CEO of Entertainment Studios with an estimated net worth of $800 Million.

Career Overview

After moving from Detroit to Los Angeles to pursue his comedy career, Byron Allen made the necessary industry contacts to break into production. He would establish several notable media production companies, building on his comedy foundations and industry experience. Byron’s move to Los Angeles soon saw him succeed thanks to his dedication to comedy since he was a teenager and appearances at amateur nights.

Stand-Up Comedy & Television

With many years of experience on the stand-up comedy circuit established as a teenager, Byron Allen soon got the recognition he sought. After comedian Jimmy Walker saw one of Allen’s sets, he invited Allen to join his writing team and work on new material for his shows. This deal introduced Allen to two of the comedy industry’s biggest emerging talents, David Letterman and Jay Leno, before Allen turned eighteen.

With additional writing experience, Byron Allen was eventually asked to make his first television appearance on The Tonight Show in 1979. The youngest comedian to ever appear on the show, Allen impressed executives and landed regular roles in mainstream series.

Byron Allen’s first major television show following his appearance on The Tonight Show came in the early 1980s when he appeared on Real People. After this role as an intrepid reporter, he co-wrote and co-starred in the television movie Case Closed for the CBS television network. His big break followed shortly after, with Allen receiving his series, The Byron Allen Show, which aired between 1989 and 1992.

This significant increase in his celebrity profile opened the door to new opportunities, including touring with Dolly Parton and Lionel Richie as an opening act. Now a household name with significant influence in the industry, Allen was ready to take his career to the next level with a new production company.

CF Entertainment & Entertainment Studios

Dedicated to producing low-cost television productions with a high-potential audience, CF Entertainment was established by Allen in 1993. With an emphasis on non-fiction productions, the company’s main output centered around Judge Judy-style courtroom shows such as America’s Court with Judge Ross.

By 2003, the company had changed its name to Entertainment Studios, when it branched out to produce sitcoms, including Mr. Box Office and The First Family. The success of the latter series, which was sold to various television stations and reached over 80% of America, helped to improve Allen’s impressive fortunes. With the increase in revenue from the successful syndication of the platform’s programming, the company embarked on a series of acquisitions.

In 2015, they sought a distribution deal with Freestyle Releasing while also aiming their sights at The Weather Channel and TheGrio. Thanks to their later equity stake in Fox Sports Network through the Sinclair Broadcast Group’s acquisition, the company became worth over $4 billion.

By 2019, the company had once again rebranded as Allen Media Broadcasting and continued to acquire smaller stations around America. By the mid-2020s, Allen Media Broadcasting had purchased over a dozen small independent television stations with millions of combined viewers.

Business Ventures & Investments

In addition to his successful career working as a comedian, television executive, and chat show host, Byron Allen has attempted to increase his net worth through various investments.

In 2022, he made headlines when he sought to acquire one of the wealthiest NFL teams, the Denver Broncos, although he was eventually outbid. Undeterred by this loss, Allen then made a series of bids to acquire Paramount Global and a bid to acquire the BET Media Group in 2023. Despite these setbacks, successful acquisitions of major companies, including many regional sports networks, have helped establish his business reputation.