Ryan Reynolds's
Mint Mobile, the prepaid wireless brand in which Ryan Reynolds holds a minority ownership stake, has been acquired by T-Mobile in a deal worth up to $1.35 billion.
However, according to Benzinga, he recently raked in a cool $300 million with the sale of Mint Mobile to cell phone giant T-Mobile. Reynolds owned a 25% stake in the company, which sold for $1.35 billion, CNBC confirmed. Reynolds next venture is an investment in Canadian financial technology company Nuvei.
Reynolds has an estimated net worth of $350 million, according to Celebrity Net Worth. T-Mobile entered into a $1.35 billion deal to buy Reynolds-backed wireless carrier Mint Mobile in March 2023. Reynolds sold his gin company, Aviation Gin, for $610 million to European alcohol company, Diageo in 2020.
The deal likely pocketed Reynolds around $300m (£240.7m) and followed on from the successful sale of Aviation Gin in 2020, which was reportedly worth more than $600m (£481.4m). Reynolds owned 10 per cent.
Following the huge financial investment in the club, Wrexham made a roughly £3 million loss last year, despite a £6 million turnover. However, owners Ryan and Rob believe that their spending will pay off in the long run.
Reynolds and McElhenney reportedly paid around £2 million ($2.5 million) for the non-league club. To compare this to leagues above them, a League 2 side could cost up to five times as much as Wrexham, whereas some Premier League clubs go into the billions.
Ryan Reynolds has gone from a little known actor to a billionaire movie star. Companies he co-owns or has sold are valued at over $14 billion.
All that means that Wrexham could now be worth £8million, according to Saxo Bank - a 300 per cent increase in just three years.
As of 2023, his net worth is estimated to be $350 million.
Reynolds and McElhenney were able to buy the club with no down payment. However, they agreed to contribute about $2.6 million to infrastructure upgrades. They gained control of the club in February 2021. They have since invested in the club's playing staff as well as its facilities.
Ryan Reynolds cashes in on the sale of Mint Mobile
It's estimated that Reynolds, an early investor in the affordable network service, owned about 25% of Mint. If that's accurate, the actor pocketed something in the realm of $300 million due to the sale.
His 25% majority stake in fledgling Mint Mobile led to a substantial windfall when T-Mobile acquired the startup for $1.35 billion after just four years. Between 2017 and 2020, Mint Mobile's revenue increased by nearly 50,000%, with many subscribers signing up because of Reynolds, according to Fortune.
Mint Mobile, the wireless firm that counts Reynolds as a minority owner, has been acquired by wireless giant T-Mobile in a deal that could value the startup firm at $1.35 billion (the actual payout will depend on the performance of the brands before and after the deal closes).
T-Mobile announced in March its $1.3 billion plan to acquire Ka'ena Corporation and its subsidiaries: Mint Mobile, Ultra Mobile and Plum, a wholesaler. According to the financial analysts at Wells Fargo, Mint counts around 3 million customers.
The Deadpool star owns a reported 25 per cent of Mint Mobile.
Ker declined to reveal the number, but Reynolds asked him to "quantify loads for us" in the episode. Wrexham's Advisor to the Board Shaun Harvey then tells the duo that they have lost an estimated £10 million (which converts into roughly $12 million) on the investment as of the time of filming.
It was adviser to the board Shaun Harvey who finally shed light on the situation, stating that the losses amounted to an estimated £10 million, roughly equivalent to $12 million at the time of filming. Don't Miss: The Startup Powerhouse Behind 40,000 Pickup Soccer Games And Counting Is Open For Investment.
Having been sold off over a decade ago to Wrexham Glyndwr University, it cost the comic duo a staggering £3.67 million – according to the club's accounts in June 2022. Reynolds and McElhenney have also recently unveiled ambitious plans to redevelop the ageing site as Wrexham FC's popularity soars.
The couple had a security guard following close behind them to keep them safe. Just a few days earlier, Blake was spotted out for dinner with her close friend Taylor Swift and we have all of those photos. Ryan joined the ladies and some more friends for a star-studded meal in the Big Apple earlier in the month.
The It's Always Sunny in Philadelphia star has a net worth of about $50 million, according to Celebrity Net Worth. McElhenney co-owns Welsh soccer team Wrexham AFC with actor Ryan Reynolds. McElhenney is a co-creator, actor, and executive producer on Always Sunny, which has aired since 2005.
Blake Lively, the versatile American actress and model, has carved a path to success, accumulating a net worth of $30 million. When considering her shared assets with husband Ryan Reynolds, their combined net worth reaches even greater heights.
All League Two clubs will pocket £1.1 million each, which is comprised of the league's television rights deal, as well as the solidarity payments to lower tier clubs from the Premier League. That's a huge increase over the £200,000 handout from the fifth-tier National League.
Until then, Reynolds and McElhenney have been staying at the luxurious four-star Carden Park estate in Cheshire. The estate is just ten miles away from the Racecourse Ground and boasts top class sporting facilities, which Wrexham's players have used themselves.
Why Ryan Reynolds Sold His Aviation Gin Business For $610 Million. On August 2020, Ryan Reynolds made a major announcement, revealing the sale of his beloved Aviation Gin brand.