Few individuals have bridged the gap between high-fashion fame and multimedia dominance as successfully as Tyra Banks. From her early days commanding the runways of Paris to her tenure as the mastermind behind one of the most culturally significant reality shows in history, Tyra has spent over three decades constantly redefining the supermodel archetype. While she is legendary for teaching the world how to “smize” and creating countless viral television moments, fans today are increasingly curious about the financial results of her pivot from the catwalk to the boardroom.
Tyra’s journey began in the high-stakes world of 1990s fashion, where she became a true industry pioneer. By breaking significant racial barriers, she became one of the first Black models to achieve global mainstream stardom, eventually securing historic covers for both GQ and the Sports Illustrated Swimsuit Issue. These early milestones did more than establish her as a household name; they provided the financial and professional foundation for an impressive net worth and a remarkably diverse business portfolio that extends far beyond the lens of a camera.
The mogul made plenty of headlines in recent years
In 2026, Banks has found herself back in the cultural spotlight following the release of the Netflix docuseries Reality Check: Inside America’s Next Top Model. The series has reignited intense debates regarding the show’s legacy, specifically addressing past controversies and the treatment of former contestants. While the documentary features critiques from both fans and participants, it also highlights just how influential the ANTM franchise was in pioneering the modern reality TV landscape and shaping the fashion industry’s conversation for over 20 seasons.
Today, Tyra’s professional life looks significantly different from her modeling peak. She has largely stepped back from traditional television hosting to focus on her growing entrepreneurial interests, most notably her global ice cream brand, Smize & Dream. Known for its innovative “hot ice cream” concept designed for the winter months, the brand has expanded internationally with a flagship presence in Sydney and locations in Dubai. This shift toward global retail and food tech marks the latest chapter in her career, as she leans into her role as a full-time mogul.
Why did Tyra Banks leave ‘Dancing with the Stars’?
When Tyra Banks joined Dancing with the Stars in 2020, it marked another high-profile role in her television career. The former supermodel stepped in as host and executive producer, replacing longtime host Tom Bergeron. However, after three seasons in the ballroom, Banks announced in 2023 that she would be stepping away from the show.
Per Parade, Banks explained that the decision ultimately came down to shifting her focus back to business and producing projects behind the scenes. But as viewers will remember, her time on the show also came during a challenging transitional period for the series. Major behind-the-scenes changes and the pressure of replacing a beloved, longtime host put Banks’ role under intense scrutiny.
According to comments from fellow host Alfonso Ribeiro, the format placed a heavy burden on her as the sole host during pandemic-era seasons, which made the job particularly demanding. Her hosting style divided viewers; some enjoyed her over-the-top fashion and energetic personality, while others criticized her on-air mistakes.
Banks ultimately framed the exit as a strategic move, prioritizing expanding her business ventures rather than staying in front of the camera. Stepping away from Dancing with the Stars was not a retreat from entertainment but more of a significant pivot in her career. It showed how Banks wanted to shape her legacy into that of a creator, entrepreneur and media executive, instead of on-screen talent.
Where does Tyra Banks live today?
For years, Tyra Banks was synonymous with the high-octane energy of Los Angeles and New York – the two cities that served as the launchpads for her legendary modeling and television careers. However, in a move that surprised fans and industry insiders alike, the supermodel-turned-mogul has officially traded the Hollywood Hills for the stunning harbor views of Sydney, Australia. As reported by Hello! Magazine, Banks has fully embraced her new life “down under,” relocating her family to build a more balanced lifestyle while expanding her global business empire.
This transition was fueled by more than just a love for the Australian coast; it was a strategic move for her latest entrepreneurial venture, SMiZE & Dream. By centering her manufacturing and product development in Australia, Tyra has positioned her brand at the heart of its most enthusiastic market. This culminated in the 2025 opening of her massive flagship store in Darling Harbour, which quickly became a local landmark. The shop famously introduced the “hot ice cream” concept, a viral, sippable innovation that proved Tyra’s knack for disruption extends far beyond the runway.
Is Tyra Banks in a relationship?
Currently, Banks is in a committed, long-term relationship with Louis Bélanger-Martin, a prominent Canadian businessman and entrepreneur. Parade reports that the couple began dating in the late 2010s (specifically around 2018 or 2019) and have since built a solid foundation together. While they occasionally appear at high-profile events or are spotted by photographers in cities like New York or Los Angeles, they rarely discuss the intimate details of their partnership in the press.
A significant part of their shared life involves raising Tyra’s son, York Banks Asla. York was born via gestational surrogate in 2016 during Tyra’s previous relationship with Norwegian photographer Erik Asla. By keeping her relationship with Bélanger-Martin relatively private, Tyra seems to be prioritizing a sense of normalcy and stability for her family. This shift marks a new chapter for the “smize” queen, proving that she can balance a legendary career with a grounded, quiet home life.
What is Tyra Banks’ net worth?
As of 2026, the supermodel-turned-entrepreneur is estimated to have a net worth of around $90 million, per Just Jared. That fortune didn’t come from modeling alone. While Banks earned millions during her runway years, including lucrative contracts with brands like Victoria’s Secret and CoverGirl, her biggest financial successes came after she transitioned into television and business.
Unsurprisingly, one of the largest contributors to her wealth has been America’s Next Top Model. Banks created, produced and hosted the reality competition series, which premiered in 2003 and eventually expanded into an international franchise. At its peak, the show generated massive advertising revenue and global spinoffs, many of which still pay licensing royalties. Banks also earned significant income from hosting and producing television shows, such as The Tyra Banks Show, and from appearances in films and television series throughout the 1990s and 2000s. Beyond entertainment, she has invested in multiple business ventures, including cosmetics, real estate and her SMiZE & Dream ice-cream brand.
Frequently Asked Questions
Is Tyra Banks sober?
As reported by NBC, when celebrating her 50th birthday in April 2025, Tyra Banks drank for the first time in decades. She previously tried alcohol when she was only 12 years old, and “never felt compelled to drink again” until recently, although she said the taste was “nasty.”
Who became the most successful model from ANTM?
Several contestants from America’s Next Top Model went on to have successful careers, but many fans consider Winnie Harlow one of the most prominent alumni. Harlow built a global modeling career after appearing on the show, working with major fashion houses and becoming a recognizable figure in the industry. Other notable alumni include Eva Marcille and Yaya DaCosta, who have found success in acting and television.
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