India, April 7 -- When Stephen Colbert's long-running late-night show ends in May, Byron Allen will take over the CBS time slot. He is a comedian-turned-businessman with an estimated net worth of $1 billion and has quietly built a major media empire in Hollywood.

According to Celebrity Net Worth, Byron Allen is worth an estimated $1 billion which makes him one of the wealthiest and most successful yet surprisingly under-the-radar figures in Hollywood. He built his fortune not through overnight fame but through decades of smart business moves, starting from his early days as a stand-up comedian and growing into a full-scale media empire that spans television networks, production companies and major acquisitions.

Byron Allen built his car...