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.
Reynolds reportedly owned a 25% stake in Mint Mobile at the time of its $1.35 billion sale to T-Mobile, netting the famous actor over $330 million. The actor also cofounded and sold Aviation American Gin for $610 million. Reynolds reportedly netted as much as $122 million from the deal.
As a businessman, he holds an ownership stake in Mint Mobile and is a co-owner of Welsh football club Wrexham A.F.C.; the latter is documented in the Emmy Award-winning television series Welcome to Wrexham. In 2020, Reynolds sold his ownership stake of Aviation Gin to Diageo as part of a $610 million deal.
Ryan Reynolds is a billionaire and it wasn't from his acting paychecks.
Actor Ryan Reynolds acquired a stake in the brand from Davos in February 2018. On August 17, 2020, Aviation was sold to Diageo, whose liquor lineup includes the gin Tanqueray, as well as Smirnoff vodka, and Johnnie Walker Scotch whisky. Reynolds still maintains an "ongoing ownership interest" in Aviation.
Mint Mobile, LLC is a mobile virtual network operator owned by T-Mobile US that offers prepaid mobile phone plans.
The actors, Welcome to Wrexham stars and owners of the football club Wrexham AFC, are selling a minority stake in the club, and also acquiring a local brewery, in a bid to grow the club and its influence. Reynolds and Rob McElhenney are selling the stake to the Allyn family, a wealthy family based in upstate New York.
Reynolds and McElhenney purchased Wrexham, one of the world's oldest soccer teams, for $2.5 million while the club was in the fifth tier of the English game.
Mint Mobile is backed by Ryan Reynolds, who is believed to own 20 to 25 percent of the company. The purchase was announced back in March 2023, but the FCC only approved the deal last week.
T-Mobile has completed its acquisition of Ka'ena Corporation, the parent company of the direct-to-consumer prepaid wireless brands Mint Mobile and Ultra Mobile, as well as the wholesale wireless provider Plum.
Wrexham sell minority club stake to Allyn family
They will join Hollywood duo Ryan Reynolds and Rob McElhenney, who officially became majority owners of the club in February 2021, in owning a stake in the north Wales side.
Ryan Reynolds's Mint Mobile was bought by T-Mobile for $1.35 billion. Ryan Reynolds has assumed many guises since he shot to fame in the 1990s.
The mint family (Lamiaceae) is known for its aromatic members, especially the mints and balms. Plants in the family are characterized by square stems, paired and simple leaves, and two-lipped open-mouthed tubular flowers.
Carel du Toit is the CEO at Mint Group .
The movie star has finalized purchasing all 34 locations of The Canadian Brewhouse across western Canada. (This was an April Fools Joke. Ryan Reynolds is not affiliated with The Canadian Brewhouse.)
In June 2023, Reynolds and McElhenney announced they had invested in another sporting group — this time, the Formula One Alpine F1 Team. They bought a 24% equity stake in the team. The BBC says the F1 team is valued at roughly $872 million.
Reynolds owned Nabisco, whose popular brands included Oreo cookies, Teddy Grahams, Ritz crackers and SnackWell's fat-free Devils Food cookies. Philip Morris once owned the world's largest food company, Kraft-General Foods, which sold popular brands like Kraft Mac & Cheese, Jello-O, Kool-Aid and Oscar Mayer hot dogs.