Reese Witherspoon proved that in 2021 when she sold Hello Sunshine, the media company she built on the back of her own voracious reading and savvy book rights acquisitions, to Blackstone-backed Candle Media for a reported $900 million.
The sale of Draper James comes two years after Witherspoon sold her media company, Hello Sunshine, in 2021 for more than $900 million to a media company backed by the private-equity firm Blackstone.
Why did Reese Witherspoon sell her production company?
Actress Reese Witherspoon said selling Hello Sunshine will allow the company to tell more female-led stories and to hire more female filmmakers. A Blackstone Group-backed venture bought a majority stake in Hello Sunshine.
Reese Witherspoon's Draper James Sells Majority Ownership to Consortium Brand Partners. Witherspoon continues to own a minority stake and will remain a partner and board member, working with Consortium to guide strategic direction and growth.
How Reese Witherspoon Became The World's Richest Actress | Forbes
What company does Reese Witherspoon own?
Hello Sunshine is an American media company founded by actress Reese Witherspoon and Strand Equity Founder and Managing Partner Seth Rodsky in 2016. Pacific Standard, the production company Witherspoon co-founded with Bruna Papandrea in 2012, is now a subsidiary of Hello Sunshine.
In 2021, Forbes named her the world's highest earning actress, and in 2023, she was named one of the richest women in America with an estimated net worth of $440 million. New Orleans, Louisiana, U.S. Witherspoon began her career as a teenager, making her screen debut in The Man in the Moon (1991).
How much money did Reese Witherspoon make from Legally Blonde?
According to Parade, Reese made $250,000 for her role in Cruel Intentions in 1999. But a few years later, she was making about 60 times as much (AKA $15 million if you're also bad at math) for Legally Blonde 2.
I wasn't sure how the brand was going to put a Southern spin on activewear, but the gingham print and matching floral sets scream Draper James. All of the Draper James Sport pieces are fun and timeless, and the quality remains top-notch.
Much of that comes from the massive 2021 sale of Hello Sunshine, her mega-successful production company that's behind shows like Big Little Lies, Little Fires Everywhere, and The Morning Show. The company was founded in 2016, so of course Reese had some substantial earnings in her pocket at that point.
Some of its top hits include TV shows like Big Little Lies, Little Fires Everywhere and The Morning Show. She has starred in all three. Witherspoon still owns 18 per cent of the company's shares. Her source of overall wealth is labelled “self-made” through entertainment, and she received a score of eight.
Who has more money Reese Witherspoon and Jim Toth?
The former co-head of the motion picture talent department at CAA is worth $4 million according to Celebrity Net Worth, while Reese's net worth is $400 million fortune. The Big Little Lies star announced on March 24, 2023, that the pair were splitting after nearly 12 years of marriage.
What percentage of Hello Sunshine does Reese Witherspoon own?
Reese Witherspoon sold a majority stake in her production company, Hello Sunshine, to a Blackstone-backed media company in August 2021. The deal valued the company at $900 million. The Legally Blonde star, who still owns an estimated 18% stake in the business, is the world's richest actress.
Reese Witherspoon's Hello Sunshine has been sold for north of $900 million to a media company backed by the private-equity firm Blackstone Group Inc. Witherspoon and Sarah Harden, Hello Sunshine's CEO, will join the board of the new company and will continue to oversee day-to-day operations.
What did Reese Witherspoon sell for $900 million dollars?
Reese Witherspoon's Hello Sunshine production company sold for $900 million. Hello Sunshine, the Hollywood production company co-founded by Reese Witherspoon, has sold to a new, unnamed media company backed by Blackstone and led by former Disney executives Tom Staggs and Kevin Mayer, Hello Sunshine said Monday.
What store does Reese Witherspoon own in Nashville?
Draper James is a clothing brand with multiple stores that is owned by Reese Witherspoon. My wife is a big fan of their products so we visited the Nashville store located in the 12 South neighborhood. We found free street parking and the surrounding neighborhood is very walkable.
The price point at Draper James is comparable to Anthropologie, with most styles priced between $50-$175. You can check out my Draper James outfit archives in the full post with links to shop current styles.
Why is Reese Witherspoon wearing a wig in Legally Blonde 2?
All of Elle Woods' (Reese Witherspoon's) hair and hairstyles throughout this movie were top-grade wigs due to Witherspoon's shorter hair for Sweet Home Alabama (2002).
Who is the wealthiest self-made actress? In a list of 'America's Richest Self-Made Women' published on Forbes in 2023, Reese Witherspoon was named the richest self-made actress, with a net worth of $440million.
Unveiling the Hollywood Star's Wealth. Johnny Depp, an iconic Hollywood star, has a net worth of $210 million as of 2023. With 95 films, music videos, and TV projects under his belt, spanning nearly 40 years, Depp is a household name. His films alone have generated a staggering $8.7 billion at the global box office.
Having graced over 50 films across varied genres, Julia's versatility as an actress is commendable. Whether it's a drama, romantic comedy, or thriller, her charm remains undiminished. Net Worth in 2022: In 2022, Julia Roberts had a net worth of approximately $200 million.
