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.
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.
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 Reese Witherspoon Became The World's Richest Actress | Forbes
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 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.
Witherspoon shares daughter Ava Phillippe, 24, and son Deacon Phillippe, 19, with ex-husband Ryan Phillippe, as well as son Tennessee James Toth, 11, with her ex Jim Toth. In March 2023 — days before Witherspoon and Toth's 12-year wedding anniversary — the couple announced their divorce.
The house eventually sold for $21.5 million. Here are some photos of Reese Witherspoon's former $21.5 million home in Los Angeles, California. Originally built in 1993, Witherspoon's former estate sits on 3.1 acres of land. The $21.5 million home encompasses 10,343 square feet of living space.
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.
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.
Reese Witherspoon's net worth of $400 million in 2023 is a testament to her talent, hard work, and business acumen. As an actress, producer, and entrepreneur, she continues to inspire and entertain audiences worldwide.
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.
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.
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.
Witherspoon, an Ina Garten fan, is careful with her diet as she loads up on greens every day. She often has kale salad with some lentils or grilled chicken for lunch. Dinner is chicken or fish with dark greens.
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.
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.
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.
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.
