Sometimes, it's incredibly lucrative. 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 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 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."

Is Reese Witherspoon a billionaire?

Witherspoon's reported net worth

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

Who owns Reese Witherspoon Hello Sunshine?

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.

Reese Witherspoon Sells Hello Sunshine Media Company For $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.

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.

Is Reese Witherspoon nice person?

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.

Does Reese Witherspoon read a lot?

Reese Witherspoon is a speed-reader; it's a skill that's come in handy for her in more ways than one. She often reads a book every two days while searching for candidates for Reese's Book Club, the monthly list she curates highlighting recent works from female authors.

How much is Reese Witherspoon's house?

Witherspoon has a soft spot in her heart for her hometown and has bought an $18million Nashville estate, as well a historic home for $4.2million, and a $672,000 modest suburban home. She also bought $5million Brentwood ranch, a much smaller compound compared to her previous homes in the area.

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 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.

Is Reese Witherspoon the richest actress in the world?

Forbes' Post

Reese Witherspoon is now the richest actress in the world -- here's how she did it and her net worth.

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.

What movie did Reese Witherspoon make the most money?

Does Jennifer Aniston like Reese Witherspoon?

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.

How much does it cost to book Reese Witherspoon?

Reese Witherspoon is a keynote speaker and industry expert who speaks on a wide range of topics including Acting, Entertainers and Television & Film. The estimated speaking fee range to book Reese Witherspoon for live events is $200,000 and above, and for virtual events $200,000 and above.

Does Reese Witherspoon make money from her book club?

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.

Who are Reese Witherspoon's best friends?

Reese Witherspoon shares sweet photo with BFF Jennifer Aniston.

Is Reese Witherspoon a workaholic?

But he has little involvement in the meetings his wife relishes and little time for LA life. As her business brands grew, Reese's workaholic nature and energy caused conflict in the marital home, with one source saying: “Reese is always on the move.

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.

Does Reese still work for Hello Sunshine?

Witherspoon will still oversee day-to-day operations of Hello Sunshine, along with CEO Sarah Harden, and they both will remain significant equity holders.