- Was a marketing rep for the DuPont Corporation after college.
- Began his entertainment career as half of the first interracial stand-up comedy duo, Tim and Tom, with Tom Dreesen in the late 1960s. They later recounted their experiences in the book Tim and Tom: An American Comedy in Black and White, published in 2008.
- Costarred with his wife, Daphne Maxwell Reid, on numerous television series, including Frank's Place, Snoops and the syndicated talk show The Tim and Daphne Show.
- In 1990, started an endowment program, now called the Virginia Scholarship and Youth Development Foundation, which offers financial help to deserving high-school students.
- Cofounded New Millennium Studios located in Petersburg, VA.
- Received the Oscar Micheaux Award for lifetime achievement from the Producers Guild of America in 1999.
- 1988, Emmy — Outstanding Comedy Series: Nominee
- 1988, Emmy — Outstanding Lead Actor in a Comedy Series: Nominee
- Tori Reid — Daughter
- William Lee Reid — Father
- Tim Reid II — Son
- Christopher Tubbs — Stepson
- Daphne Maxwell Reid — Wife
- Augustine Wilkins Reid — Mother
- Rita Reid — Ex-wife
- Norfolk State College, Norfolk, Virginia, United States (BS in Business/Marketing, 1968)
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