Reese Witherspoon on why now was the right time to 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.

Does Reese still own Hello Sunshine?

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 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.

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.

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.

Reese Witherspoon Sells Hello Sunshine Media Company For $900 Million

Is Reese Witherspoon now a billionaire?

Witherspoon's reported net worth

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

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.

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.

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.

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.

What movie did Reese Witherspoon make the most money?

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.

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.

What is the net worth of Reese?

Reese Witherspoon's Net Worth in 2023

As of now, Reese Witherspoon's net worth stands at an estimated $400 million. While this impressive figure doesn't make her a billionaire, it certainly ranks her among the richest actresses globally.

Does the Reese family still own the Candy company?

Unfortunately, Reese died unexpectedly in 1956, leaving the candy legacy to his children. In 1963, Reese's six sons sold the company to Hershey for $24 million worth of Hershey's common stock. The sale proved to be a boon for Hershey.

Do Robert Pattinson and Reese Witherspoon get along?

Besides the fact that they're good friends, Witherspoon certainly empathizes with Pattison and his current troubles. In 2006, her ex-husband and "Cruel Intentions" co-star Ryan Phillippe allegedly had an affair with Australian actress Abbie Cornish. She's since remarried to Jim Toth last year – at her Ojai ranch!

Why Reese Witherspoon is 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…

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.

Who is the new owner of 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.

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.

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.

How much does Reese Witherspoon get paid for The Morning Show?

According to reports, Witherspoon and Aniston both earn $2 million for every episode of The Morning Show. While many people were shocked by this “exorbitant” number, Witherspoon told The Hollywood Reporter that she feels her salary is fair.

Why did Reese Witherspoon sell?

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.