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.
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.
Reese Witherspoon's Draper James Sells Majority Ownership to Consortium Brand Partners. Witherspoon continues to own a minority stake and will remain a partner and board member, working with Consortium to guide strategic direction and growth.
Reese Witherspoon's net worth is a topic of considerable discussion. Currently, estimates put her worth at around $400 million. Her production company, Hello Sunshine, has been a significant contributor to her wealth, especially after its sale to Blackstone in 2021. Hello Sunshine is not her only source of income.
According to Celebrity Net Worth, Jami Gertz is technically the richest actress in the world right now (September 2023) with a net worth of $8billion. Gertz is best known for her early career in the 1980s, starring in films Crossroads, The Lost Boys, Less Than Zero and TV series Square Pegs.
Witherspoon is always spotted in Draper James dresses, whether she's hosting a dinner party, headed to work, or reading a book in the backyard. With sizes ranging from 0 to 24 and XS to 3X, Draper James has timeless clothing for everyone.
Hello Sunshine is an American media company founded by actress Reese Witherspoon and Strand Equity Founder and Managing Partner Seth Rodsky in 2016. Pacific Standard, the production company Witherspoon co-founded with Bruna Papandrea in 2012, is now a subsidiary of Hello Sunshine.
How much was Reese Witherspoon paid for Legally Blonde?
How much did Reese Witherspoon make for Legally Blonde and Legally Blonde 2? It's been reported that, after the huge success of Witherspoon's 2001 comedy hit Legally Blonde—which grossed more than $140 million on an $18 million budget—she signed on to Legally Blonde 2 for $15 million.
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.
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.
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.
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.
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.
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.
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 Reese Witherspoon get for selling 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.
We have enjoyed so many wonderful years together and are moving forward with deep love, kindness, and mutual respect for everything that we have created together.” In April, Witherspoon filed for divorce from Toth, citing “irreconcilable differences” and asked for joint custody of their son.
Did Sofia Vergara and Reese Witherspoon get along?
In fact, the pair filmed a movie together, next spring's Don't Mess With Texas, and when we asked what Reese was like, Sofia gushed -- hard. She was amazing. We got along so great.
