Ryan Reynolds is the most recent celebrity to amass wealth through shrewd investments unrelated to his on-screen acting talents.
The Canadian actor stands to earn almost $300 million (£248 million) after a US telecoms company offered to purchase a smaller phone network in which he has a share.
The co-owner of the Welsh football side Wrexham AFC reportedly sold a gin business he co-owned for $610 million in 2020.
He continues to perform in films as one of the highest-paid actors in the world.
T-Mobile, the second largest mobile phone carrier in the United States, has agreed to acquire a company in which Deadpool actor Ryan Reynolds has invested.
Reynolds reportedly controls 25% of Mint Mobile, which is involved in the $1.35 billion deal with T-Mobile.
“We are overjoyed that T-Mobile outbid my mother’s aggressive last-minute offer,” he joked in a news release announcing the sale.
Via his company, Maximum Effort, the Detective Pikachu and Green Lantern star has been actively involved in Mint’s advertising initiatives.
Maximum Effort has also produced advertisements for Peloton and his gin business, Aviation American Gin, which he sold to the multinational alcohol corporation Diageo in 2020.
In a recent interview with the Wall Street Journal, he referred to the company’s work as “fastvertising,” with the goal of producing quick viral advertisements.
“Anything we do is rudimentary. It is quick, affordable, and emphasizes character over spectacle “he remarked.
Reynolds began his career as an actor in the 1990s, starring in films such as Deadpool 2, Hitman’s Wife’s Bodyguard, The Adam Project, and Free Man.
According to Forbes, he was the second highest-paid actor in the world in 2020, typically earning over $20 million per picture, trailing only Dwayne “The Rock” Johnson.
In a 2018 interview on the daytime talk show Live with Kelly and Michael, he recalled his first acting job as a youngster carrying newspapers in 1991.
According to him, the part paid $150. Reynolds stated,
“I thought I was a multibillionaire at the time.” For 150 dollars per day, it was a dream come true.
In 2021, he purchased Wrexham United AFC for $2.5 million with Rob McElhenney, the co-creator of the long-running cult comedy series It’s Always Sunny in Philadelphia.
They then created a documentary series entitled Welcome to Wrexham about the team.
In recent years, rumors have circulated that he may attempt to purchase the Ottawa Senators hockey franchise.
Reynolds is among the many celebrities who invest in non-acting endeavors.
Ashton Kutcher is widely known as the owner of a venture capital business with investments in Uber, Skype, and Airbnb. Snoop Dogg and Jared Leto, to name a couple, are both investors in Reddit.
Reynolds remains an actor despite his wealth. Next year, he is scheduled to co-star in Deadpool 3 alongside Hugh Jackman as Wolverine.
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