Celebrity Net Worth estimates Tyra Banks' net worth to be at $90 million. There's no denying she's worked hard at earning that money but apparently, she's also had to work at spending it. "I was always more interested in experiences over things. Things didn't make me happy," Banks shared in an interview with Money.
"I saved saved saved. But I saved to a fault. About 15 years ago, my accountants pulled me aside, and they were like 'Tyra. You're not spending money. Nothing. You're just giving it away to the government. You need to spend some damn money!'" she explained. "So we created something called the 'F Account' which was the 'frivolous account.' And I had a budget to spend frivolously for the year, every year. I needed that to feel safe."
As far as safety for the future, Banks has given some thought to what really retiring would look like. "I look forward to retiring one day. What I'm trying to do now is the portfolio. Businesses, the television shows. Things that are in the moment, capturing pop culture. [But] it's not a sustainable business. There are more legacy businesses that I'm creating that will sustain past me being on this Earth. That's very important to me: Creating things that live beyond me."
