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 Reece sell her company for?

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.

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.

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.

Reese Witherspoon's Hello Sunshine | TIME 100 Companies

Why did Reese Witherspoon sell her 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.

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.

What's the net worth of Reese Witherspoon?

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).

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 is Reese Witherspoon so rich?

She has her own hyper-successful production company, has been acting in movies since she was 14 years old, is a producer, reads tons of books for her book club, has a successful clothing company, *and* is a mother to three children. Oh, she's also literally the world's richest actress according to Forbes, NBD. Reese…

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.

Why is Hello Sunshine worth so much?

The deal values Witherspoon's Hello Sunshine, which was founded in 2016 to tell women-driven stories, at $900 million, thanks to its track record of hits like Big Little Lies, The Morning Show and Little Fires Everywhere, and a promising pipeline of adaptations of popular books.

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.

How much is Hello Sunshine production company worth?

In August 2021, The Wall Street Journal reported that Hello Sunshine was sold to a private equity group called Blackstone for $900 million. As Deadline noted, "Witherspoon and Hello Sunshine CEO Sarah Harden will join the board of the as-yet-unnamed company and will continue to operate Hello Sunshine."

Who is the highest paid actress in 2023?

And with other brand endorsements and profits, Sandra Bullock with earnings of $70 million has been ranked #1 in the list of Highest Paid Actress of 2023, as per various online sources. The list is followed by Scarlett Johansson, who's earned $56 million so far with Asteroid City and North Star (yet to release).

What is Julia Roberts net worth?

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.

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.

How rich is Tom Cruise?

4 Cruise has earned over $1 billion in his 40-year acting career, according to Forbes. 5 Cruise has an estimated net worth of $600 million as of 2023, according to Celebrity Net Worth. 6 Here's how Cruise made his millions.

How much does Reese Witherspoon make from a movie?

Parade reported that $15 million became her standard when making movies. For her TV roles, Witherspoon flourishes with her earnings.

What movie did Reese Witherspoon make the most money?

What clothing company does Reese Witherspoon own?

Draper James is a clothing line launched by actress Reese Witherspoon, founded in 2015. A nod to Witherspoon's Southern upbringing, the line aims to "emphasize [Witherspoon's] southern roots and personal style". The name is in honor of Witherspoon's grandparents, Dorothea Draper and William James Witherspoon.

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.