Aside from decades of acting, Reese Witherspoon created her very own production company and book club—both of which have garnered a ton of cash. Reese Witherspoon may be known for her illustrious acting career, but did you know that she made almost a billion dollars from just creating content?
How much did Reese Witherspoon sell her book club for?
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.
But does Reese Witherspoon still do her book club? The answer is a resounding yes! In fact, Reese's book club is more popular than ever, and each month since its launch, Reese has selected books with powerful messages and diverse perspectives, all of which have a woman at the center of the story.
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.
so she approached publishers of the books like these. and in exchange for having her book club read the book. so they get the book revenue. she negotiates the rights. to turn these stories into movies or TV shows, which she then shops around to all the major platforms.
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 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.
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).
Winfrey discontinued the book club for one year in 2002, stating that she could not keep up with the required reading while still searching for contemporary novels that she enjoyed. After its revival in 2003, books were selected on a more limited basis (three or four a year).
Recall back to 2001, to the snub that launched 1,000 quips: Franzen referred to several of Oprah's book-club picks as “schmaltzy” and “one-dimensional.” In response, Oprah, who had recently chosen Franzen's The Corrections for said book club, summarily rescinded her invitation for the author to appear on her show.
Over two decades ago, Oprah Winfrey launched her famous book club, taking the literary world by storm. However, many people wonder if the Oprah Book Club is still running. The answer is a resounding yes!
The standard royalty to be paid to the author on club rights is 10% of net receipts, i.e. the amount which the book club pays the publisher for the books. On rights deals, the club buys the rights, prints the books and pays a royalty on the club price of the book.
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 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.
Do Jennifer Aniston and Reese Witherspoon get along?
Jen and Reese have been friends for many years, so it's no surprise they show support for each other's various ventures. Speaking of her admiration for Reese, Jennifer gushed: "I just look at her and I think, You absolutely exhaust me, just looking at your plate.
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.
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.
How much did Reese Witherspoon make for 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.
Something that surprised Guyton after meeting Witherspoon was that "she really is that nice person that you see" on the big screen. "You know, they say don't ever meet your heroes. I usually run. I literally do run away from massive celebrities like her," Guyton said of the "Sweet Home Alabama" star.
Yet she's still earning a reported $15 million per picture. Which raises the question: how does Witherspoon manage to remain an A-list star, in demand for leading roles in big-studio movies, even as her box office drawing power has waned?
