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.

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.

How much did Reese Witherspoon make from selling Hello Sunshine?

Reese Witherspoon Sold Her Production Company For $900 Million, But Is She Really The Richest Actress In The World? Following the sale of Hello Sunshine, Reese Witherspoon's production company, the actress saw her net worth skyrocket among the elite.

Is Reese Witherspoon a billionaire now?

Witherspoon's reported net worth

While Witherspoon says she isn't a billionaire, Forbes has her net worth at $440 million.

How much is Julia Roberts net worth?

She received a then-unprecedented fees of $20 million and $25 million for her roles in Erin Brockovich (2000) and Mona Lisa Smile (2003), respectively. As of 2020, Roberts' net worth was estimated to be $250 million. People magazine has named her the most beautiful woman in the world a record five times.

Reese Witherspoon on Hello Sunshine, helping "people who have felt other for so long"

Why did Reese sell Hello Sunshine?

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.

Who is the CEO of Hello Sunshine?

While serving as president at Otter Media, Sarh Harden oversaw the formation and growth of media and production company Hello Sunshine in 2017. Reese Witherspoon, Hello Sunshine's founder, tapped Harden as CEO in 2017.

Who is worth more Jennifer Aniston or Reese Witherspoon?

It may surprise a lot of people, but Witherspoon actually has a higher net worth than Aniston. Currently, Forbes reported that her net worth is around $400 million. And it will just keep climbing.

Why is Hello Sunshine worth $900 million?

Engagement means more subscribers, which means more recurring revenue, which means streamers want more content produced by Hello Sunshine. Given this, that $900 million price tag for Hello Sunshine makes a lot more sense. Now accepting applications for Most Innovative Companies.

Why did Blackstone buy Hello Sunshine?

Reese Witherspoon's media business, Hello Sunshine, is selling itself to a firm backed by private-equity giant Blackstone Group Inc., the companies said, part of a plan to build an independent entertainment company for Hollywood's streaming era. The companies didn't disclose the terms of the deal.

Who bought Hello Sunshine production company?

In early August 2021, Witherspoon (after considering selling the company and hearing the interest of Apple) sold part of the company to a Blackstone backed media company, Candle Media, led by former Disney executives Kevin A. Mayer and Tom Staggs for $900 million.

Is Reese Witherspoon separating?

Reese Witherspoon And Jim Toth Have Settled Their Divorce Four Months After Announcing Their Split, And Here Are All The Details.

Where does Reese Witherspoon live most of the time?

As Reese and Jim quietly sold off their California properties, it was expected that they would move back to Tennessee and return to Reese's Southern roots. Adding fuel to the fire, the pair purchased this magnificent fixer-upper mansion in Nashville in 2014.

What movie did Reese Witherspoon make the most money?

Did Hello Sunshine get sold?

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.

How much is Hello Sunshine worth?

I cover the intersection of Hollywood and money. I write about the business of Hollywood. Her production company, Hello Sunshine, is valued at about $900 million.

How much did Blackstone pay for Hello Sunshine?

Reese Witherspoon sells majority stake in Hello Sunshine to former Disney execs, Blackstone for $900 million. Reese Witherspoon's production company Hello Sunshine has produced shows like the HBO drama “Big Little Lies” and the Apple TV+ series “The Morning Show.”

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.

How much is Reese Witherspoon's company worth?

In 2021, Forbes named her the richest actress in the world after her production company Hello Sunshine sold to Blackstone. The company was valued at $900 at the time and Witherspoon retained an ownership stake of at least 18% and collected $120 million after taxes.

How big is Hello Sunshine company?

Hello Sunshine has reportedly been valued at $900 million, people familiar with the deal told WSJ. The company, which has already spawned a film and TV production company, its own VOD network (complete with Witherspoon's first-ever talk show, Shine on with Reese), and book club, centers on stories by and for women.

Who is the richest actress in Hollywood?

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.

How much is Sandra Bullock worth?

Sandra Bullock's Net Worth

The staggering “sandra bullock net worth” of $250 million doesn't come from just her acting roles. Over the years, Bullock has diversified her income streams.

How much is Ryan Reynolds worth?

From Vancouver's lanes to Hollywood's hall of fame, Ryan Reynolds' journey is both inspiring and instructive. His net worth of $350 million in 2023 symbolizes hard work, talent, and strategic ventures. For anyone looking to learn more about success in showbiz, Ryan's story is a must-explore.