Canadian actor Ryan Reynolds will receive more than $300 million after the US telecommunications company T-Mobile offered to buy a telephone network in which it has a stake.
Reynolds owns 25% of the telecommunications company Mint Mobile, which T-Mobile will buy for $1.35 billion.
“We are very pleased that T-Mobile is overcoming a last minute aggressive offer from my mother Tammy Reynolds,” the actor joked in a press release announcing the sale.
T-Mobile is the second largest mobile phone operator in the United States.
The actor was actively involved in Mint ad campaigns through his firm Maximum Effort.
This company has also created ads for Peloton, as well as its gin brand, Aviation American Gin, which it sold to beverage giant Diageo in 2020 for $610 million.
In a recent interview with the Wall Street Journal, Reynolds described the company’s work as “fast advertising,” with the goal of creating short, viral ads.
“Everything we do is rudimentary. It’s fast, it’s cheap,” he said.
In addition, the actor has shares in the Welsh football team Wrexham AFC.
Reynolds still appears in movies and is one of the highest paid actors in the world.
In fact, he was the second highest-paid actor in the world in 2020, according to Forbes, earning more than $20 million per movie, behind Dwayne “The Rock” Johnson.
In an interview in 2018, he recalled his first acting role in 1991, when he was a teenager and had a side job as a newspaper delivery boy.
He was paid US$150 for that performance.
“I thought he was like a billionaire,” Reynolds said.
In recent years, rumors have circulated that he might try to buy the Ottawa Senators hockey team.
Reynolds is one of many celebrities who have businesses that are not related to movies.
Ashton Kutcher owns a venture capital firm with stakes in Uber, Skype, and Airbnb. Snoop Dogg and Jared Leto are investors in Reddit, to name just a few examples.
Despite his fortune, Reynolds continues to act. He is scheduled to star in “Deadpool 3” alongside actor Hugh Jackman as Wolverine next year.
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