Reese Witherspoon’s accomplishments in Hollywood and beyond belie her still relatively fledgling age. While her 46 years by no means make her a young person, she arguably still has the best decades of her career ahead of her.
Nonetheless, the Louisiana-born star has managed to rise to the top of the crop, becoming not just one of the best actresses in the industry, but a distinguished producer and entrepreneur as well.
Witherspoon’s acumen has seen her make a habit of often raking in huge money even in movies that did not do so well. A good example of this is her 2010 rom-com How Do You Know, which she starred in alongside Owen Wilson and Paul Rudd.
The actress and her representation managed to negotiate a handsome salary of $15 million for the project, despite the fact that the film itself went on to incur losses of about $72 million at the box office.
Beyond her work in front of the camera, Witherspoon segued into production work and co-founded her own company called Hello Sunshine. In August 2021, that company was acquired by a private equity firm for $900 million.
Reese Witherspoon Started Hello Sunshine To Change Women’s Roles In Hollywood
The first company that Reese Witherspoon founded was called Pacific Standard in 2012. The actress said that she was looking to create a space where female roles would be treated with as much seriousness as the male ones, something which she felt was sorely lacking in Hollywood.
Witherspoon would then go on to collaborate with investor Seth Rodsky to create Hello Sunshine in 2016, of which Pacific Standard became a subsidiary. Under these two banners, the talented artist oversaw the production of top films such as Wild, Gone Girl, Hot Pursuit and Where the Crawdads Sing, as well as TV shows including Big Little Lies, The Morning Show and Little Fires Everywhere.
Hello Sunshine first registered a profit in 2020, but the company’s growth has constantly been an upward trajectory. The ability of Witherspoon and her colleagues to always produce hit after hit also made it a very attractive proposition, and private equity firms began to circle.
In the end, it was the New York City-based Blackstone Group Inc. that won the race for the acquisition of Hello Sunshine, and parted with nearly $1 billion for it.
Reese Witherspoon Is Estimated To Be Worth $400 Million
Following the procurement of Hello Sunshine by Blackstone Inc., Reese Witherspoon emphasized that her dream of strengthening female roles on the big and small screen would only be enhanced.
“I started this company to change the way all women are seen in [the] media. Over the past few years, we have watched our mission thrive through books, TV, film and social platforms,” Witherspoon said in an official statement. “Today, we’re taking a huge step forward by partnering with Blackstone, which will enable us to tell even more entertaining, impactful and illuminating stories about women’s lives globally.”
The deal was a dream for Witherspoon, who was said to have personally earned about $120 million after taxes from the purchase. At the same time, she retained an ownership stake of around 18%, and – alongside Sarah Harden (CEO since 2017) – continued to oversee day-to-day administration of the company.
Forbes Magazine estimated that this fresh cash injection into Witherspoon’s personal wealth boosted her net worth to around the $400 million mark.
Is Reese Witherspoon The Richest Actress In The World?
Reese Witherspoon’s initiative to achieve a balance of opportunity for women in Hollywood is perhaps unironically demonstrated by the rankings of the richest actors in the industry.
Tyler Perry stands head and shoulders at the top of this list, with an estimated net worth of $1 billion. Tom Cruise ($600 million), George Clooney ($500 million), Mel Gibson ($425 million) and Adam Sandler ($420 million) are all worth more than the richest actress.
That particular distinction does indeed go to Witherspoon, whose $400 million net worth is precisely equal to that of retired actor Jack Nicholson. To offer context, The Shining star has not featured in any movies since he appeared alongside Witherspoon in that 2010 flop, How Do You Know. Still, the Legally Blonde actress can boast of being richer than any other actors in Hollywood, including thousands of her male peers.
Witherspoon is followed on the catalog of richest actresses by her close friend and colleague Jennifer Aniston, who is said to be worth around $300 million. Julia Roberts, Julia Louis-Dreyfus (both $250 million), Sasha Alexander ($215 million) and Victoria Principal ($200 million) are also among the wealthiest female actors.