Ryan Reynolds’ net worth could get a boost soon! Blake Lively’s husband has a huge stake in Mint Mobile, perhaps as much as 25% of the equity, according to a source cited by the New York Post. Mint Mobile, a telecomm company headquartered in Costa Mesa, Calif., is reportedly looking for a buyer, offering to sell between $600 and $800 million.
Mint Mobile is a prepaid cellular provider operating under the T-Mobile umbrella. Its distinction is that it allows customers to pay upfront for a set amount of months: three, six, or yearly, saving on a per month basis as the plans get longer.
Ryan Reynolds is best known for his role playing Deadpool, a superhero, in the 2016 movie of that name and in other movies set in the Marvel Comics/Cinematic universe.
In a press release at the time of the Mint Mobile deal, Reynolds said: “Celebrities generally invest in high-end products like skincare brands or delicious gin companies. Yet Mint is making wireless way more affordable at a time when the average American is paying 65 dollars a month.”
Since then, Reynolds has been both part owner and a self-interested pitchman for the company. This pitching includes television appearances and a lot of social media presence.
Mint is said to be in talks, specifically, with Altice USA, an owner of cable, phone, Internet, and wireless services. But the Post story carefully notes that “it’s unclear whether [Altice] will end up closing a deal.” If it doesn’t conclude a deal, there are other big fish in the telecomm sea.
Altice USA has a complicated M&A history already. It was spun off by its parent, Altice, in January 2018. It announced in April 2019 that it was buying Cheddar, a digital news startup. Then, in July 2020 Altice USA bought Service Electric Broadband Cable, of New Jersey. A purchase of Mint Mobile would not be out of line with its recent history.
Ryan Reynolds’ Net Worth
So as Ryan Reynolds awaits this potential Mint Mobile bonanza (one quarter of $800 million, of course, is $200 million): this a good time to consider his broader portfolio. Reynolds has been recognized by Forbes as the second best paid actor in Hollywood. It called him “Netflix’s current golden boy.”
Beyond acting, Reynolds does a fair amount of investing. Consider the “delicious gin companies” he referenced tongue-in-cheek while announcing his deal with Mint Mobile. He owned one of them. At the time of the 2019 announcement. Reynolds and Davos Brands co-owned Aviation Gin.
There are strong synergies between an actor’s name and his investment decisions. Sales of Aviation Gin more than doubled the year after Reynolds bought into it.
He sold his stake in Aviation Gin to Diageo. The total Diageo paid was $610 million in August 2020. It isn’t clear what percentage of Aviation Gin Reynolds owned, so it also isn’t clear how much money he got from this deal. But The Motley Fool has guesstimated that he owned 10%. If that was the case he would have been entitled to $61 million. A little more than half of that would be in an upfront payment, the remainder in “earnouts” over coming years.
That summer, too, Reynolds played a practical joke on his fans by pretending that he, through Mint Mobile, was launching a new movie streaming service, which he called “Mint Mobile +.” Then he informed them in this tweet that there would be no such service after all:
“Two minutes after launch and our crack data team has already determined Mint Mobile + should probably be shut down by the weekend. We’ll go back to focusing on premium wireless…”
All joking aside, Reynolds’ net worth is at or near $170 million. Not too shabby!