Reese Witherspoon is an actress, producer, and businesswoman from the United States. The net worth of Reese Witherspoon is $300 million. She is the recipient of both an Academy Award and an Emmy Award.
Reese is also one of the world’s most popular and well-paid celebrities. She easily earns between $20 and $40 million annually.
Reese Witherspoon Production Company
Reese launched Type A Films, her own production business, in 2000. In 2012, she united with Bruna Papandrea’s Make Movies. Pacific Standard was the new company’s name.
Pacific Standard was responsible for the Academy Award-nominated films “Gone Girl” and “Wild.” In 2016, Pacific Standard hosted several significant events.
To begin, the business produced HBO’s “Big Little Lies.” Second, Reese acquired a controlling stake in the firm, and Bruna Papandrea departed. Thirdly, in a joint venture with Otter Media, Reese and a private equity entrepreneur named Seth Rodsky launched a new firm called Hello Sunshine. Pacific Standard was spun out as a subsidiary of Hello Sunshine.
Laurene Powell Jobs, Steve Jobs’s widow, made a significant investment in Hello Sunshine in February 2019. Simultaneously, Otter Media expanded its ownership.
On August 1, 2021, it was reported that Hello Sunshine had been bought by a private equity company sponsored by the Blackstone Group. According to reports, the firm was sold for $900 million.
According to sources, Blackstone paid $500 million in cash to acquire Laurene Powell Jobs and Otter Media. The remaining ownership shares in the newly established entertainment firm were rolled into it by Reese and other insiders.
Reese Witherspoon Childhood
Laura Jeanne Reese Witherspoon was born in New Orleans, Louisiana, on March 22, 1976. Her father, John Draper Witherspoon, was a Tulane University medical school student when she was born. He was a private otolaryngologist.
Betty (Reese) Witherspoon, her mother, earned a Ph.D. in education and taught nursing at Vanderbilt University. When Witherspoon was seven years old, she was cast in many television advertisements with a local florist, which inspired her to begin acting training.
She won first place in the Ten-State Talent Fair when she was 11 years old. Witherspoon was a brilliant student who had a passion for reading. She graduated from Harpeth Hall School in Nashville, an all-girls school where she was a cheerleader.
She enrolled at Stanford University, intending to major in English literature. She quit college to pursue an acting career.
Reese Witherspoon Career
Reese Witherspoon made her cinematic debut in 1990 with “The Man in the Moon.” She was nominated for Best Young Actress at the Young Artist Awards for her performance in the role. She then featured in the cable television film “Wildflower” later that year.
In 1992, she starred in another television film, “Desperate Choices: To Save My Child,” followed by a CBS miniseries titled “Return to Lonesome Dove.”
She starred in two blockbuster films in 1996: “Fear” starring Mark Wahlberg, and “Freeway” alongside Brooke Shields.
Witherspoon starred in three films in 1998, including “Overnight Delivery,” “Pleasantville,” and “Twilight.” Reese featured alongside Tobey Maguire in “Pleasantville.”
The film is about adolescent siblings from the 1990s who are miraculously transferred to the setting of a 1950s television series. For her work in “Pleasantville,” she earned the Young Hollywood Award for Best Female Breakthrough Performance.
In 1999, Witherspoon co-starred in “Cruel Intentions” drama film alongside Sarah Michelle Gellar and her future husband, Ryan Phillippe.
That same year, Reese featured in the film adaptation of the novel “Election,” for which she earned the National Society of Film Critics and the Online Film Critics Society awards for Best Actress.
She was also nominated for a Golden Globe and an Independent Spirit Award. In 2000, she starred in “American Psycho.” She featured as a guest star in “Little Nicky” and a season six episode of the television program “Friends,” in which she played Jennifer Aniston’s character’s sister.
Witherspoon’s career reached another high point in 2001 with the release of the feature film “Legally Blonde,” for which she received a Golden Globe for Best Actress. In 2002, she directed “Sweet Home Alabama,” starring Josh Lucas and Patrick Dempsey.
The follow-up to “Legally Blond” garnered $90 million at the box office and earned Witherspoon $15 million, making her one of Hollywood’s highest-paid actresses.
In 2004, she appeared in the critically acclaimed film “Vanity Fair.” In 2005, she starred in “Walk The Line,” a cinematic biography of singer/songwriter Johnny Cash, for which she earned a Golden Globe, an Academy Award, and Screen Actors Guild and BAFTA honors.
Witherspoon produced and starred in Cheryl Strayed’s biography “Wild” in 2014. Witherspoon represented Strayed on her 1,000-mile trek along the Pacific Crest Trail.
In January 2016, Witherspoon began filming “Big Little Lies,” a seven-part miniseries adaption of the Liane Moriarty novel. She co-produced the miniseries alongside Nicole Kidman and Jean-Marc Vallée, the show’s director.
Along with Jennifer Aniston and Steve Carell, Witherspoon produces and acts in the Apple TV+ drama series “The Morning Show.” For her role in the series, Witherspoon was nominated for a Golden Globe Award for Best Actress – Television Series Drama and a Golden Globe Award for Best Television Series – Drama.
Witherspoon is also an executive producer on Octavia Spencer’s Apple TV+ drama series “Truth Be Told,” which aired in December 2019 and was renewed for a second season in March 2020.
Witherspoon co-stars in and executive produces the Hulu drama miniseries “Little Fires Everywhere,” based on Celeste Ng’s 2017 novel of the same name.
Reese Witherspoon’s Private Life
Reese began dating Ryan Phillippe after co-starring in the 1999 film “Cruel Intentions.” They married shortly after that and were together until 2006, having two children together. In 2008, their divorce was completed. After that, she dated Jake Gyllenhaal for a time.
Reese married entertainment executive Jim Toth in 2011. Toth formerly served as Creative Artists Agency’s motion picture talent section co-head, representing Matthew McConaughey and Scarlett Johansson.
They were introduced at a party and married less than a year later. Toth departed CAA in March 2019 to take on the role of head of content acquisitions at short-form video platform Quibi.
Reese Witherspoon Highlights of Salary and Earnings
Since the early 2000s, Reese Witherspoon has regularly been one of the highest-paid actresses in Hollywood. One of Reese’s earliest payments was $200,000 for 1996’s “Fear.”
She got $250 thousand three years later for the part that perhaps launched her career, 1999’s “Cruel Intentions.” Her first multimillion-dollar payday came from the film “Legally Blonde” in 2001.
Legally Blonde’s popularity increased her compensation for 2002’s Sweet Home Alabama to $12.5 million. She received $15 million for Legally Blonde 2 in 2003. Additionally, she gained her first credit as Executive Producer on the sequel.
Reese earned a regular minimum base income of $15 million for every film from this moment on. Between 2001 and 2012, she made almost $120 million in basic film salaries alone. Her total film pay to date exceeds $250 million.
Reese Witherspoon’s Salary for Apple TV
Both Reese and her co-star Jennifer Aniston got $1.25 million each episode for their roles in the Apple TV program “The Morning Show.” As of this writing, that is the fifth-highest per-episode fee ever given to an actor.
Between August 2017 and August 2018, Reese made $20 million through film wages, production earnings, and endorsements. She made $35 million between August 2018 and August 2019.
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Reese Witherspoon Real Estate
Reese paid $12.7 million in 2014 on a huge property in Los Angeles’ Pacific Palisades district. Construction was not complete at the time of acquisition. Reese then spent further millions on renovations, including a 24-hour security station, much to the dismay of her neighbors.
She unsuccessfully listed this mansion for sale in 2016 for a little under $20 million. By April 2020, she had finally found a buyer at $17 million.
In August 2019, Reese spent $6.25 million on a Malibu hillside property. She has multiple homes in her hometown of Nashville, Tennessee, and a multimillion-dollar property in the Bahamas, which is part of a gated community for members only.