Keith Reid Cleveland

AFROTECH STAFF

Keith Reid Cleveland

AfroTech blogger

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After Settling His $10B McDonald's Lawsuit, What Is Byron Allen's Net Worth?

Allen Media Group (AMG) CEO Byron Allen has long been a formidable presence in the entertainment industry, but his recent legal victory against McDonald’s has thrust him into the spotlight once again.  Thanks to the settlement, Allen’s already considerable wealth is sure to reach new heights. The media mogul previously filed a discrimination lawsuit against McDonald’s for $10 billion. While the final numbers of the settlement aren’t public, they could be substantial. Given the stakes, the settlement is sure to increase Byron Allen’s net worth even more. For some people, this lawsuit may have been the first time they’ve heard of Byron Allen. If so, they’re likely wondering how he amassed enough wealth, influence, and capital to sue one of the most recognizable brands in the world. However, his journey from stand-up comedian to billionaire media mogul is a testament to his entrepreneurial spirit and determination. Born in Detroit in 1961, Allen moved to Los Angeles at a young age and...