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Reese Witherspoon, the multi-talented actress and entrepreneur, recently set the record straight about rumors of her joining the billionaire club. The star took the opportunity to name-drop Oprah Winfrey in her clarification. Witherspoon’s net worth is a topic of discussion, especially after major business deals, but she confirms she’s not a billionaire — yet.
By Aubree Ross
The Billionaire Rumor Debunked
Reese Witherspoon recently spoke at the INBOUND Conference, where she addressed the swirling rumors about her billionaire status. The rumors gained traction after Consortium Brand Partners acquired a 70% ownership stake in her fashion and lifestyle brand, Draper James. This, coupled with the $900 million sale of her company Hello, Sunshine in 2021, led many to believe she had crossed into billionaire territory. However, Witherspoon was quick to set the record straight, stating, “I didn’t. They’re wrong.”
Oprah’s Golden Boots
In her response, Witherspoon name-dropped Oprah Winfrey, saying she would be lucky to “touch the bottom of whatever Oprah’s magic golden boots do.” Oprah’s net worth is reported to be $2.8 billion, according to Forbes, while Witherspoon’s is estimated at $440 million. The comparison served as a humorous yet pointed way to clarify her financial standing.
A Businesswoman First
Witherspoon has proven her mettle not just in acting, but also in business. She founded Hello, Sunshine, a media company behind big projects like The Morning Show, Daisy Jones & The Six, and Big Little Lies. The company was sold for almost a billion dollars in 2021. Despite being advised against investing her money in the venture, Witherspoon went ahead, leading to its enormous success.
The Power of Audience Engagement
The actress also highlighted the importance of audience engagement and promoting women’s stories on social media. She mentioned that her company started thriving when she focused on these aspects. Witherspoon’s Book Club is another example of her business acumen, further solidifying her as a force to be reckoned with in multiple industries.
While Reese Witherspoon may not be a billionaire, she is undeniably a highly successful businesswoman and actress. Her recent clarification about her financial status, laced with a touch of humor and a nod to Oprah, only adds to her relatable and down-to-earth persona. As she continues to build her empire, it’s clear that Witherspoon is a name that will remain in the headlines for years to come.