Ryan Reynolds could make $300 million from Mint Mobile sale
CBSN
Ryan Reynolds may be best known for his portrayal of the wise-cracking Deadpool, but the actor is also developing a reputation as a savvy investor. After taking stakes in businesses like Aviator Gin and Mint Mobile, the Canadian's wealth from dealmaking may far surpass his movie industry earnings.
Reynolds could earn a payout of more than $300 million from his stake in Mint Mobile, which was sold to telecom giant T-Mobile on Wednesday for up to $1.35 billion. Reynolds bought a stake in Mint Mobile in 2019, joking at the time that he would be paying himself $15 a month, about the price for the company's basic wireless plan.
His stake in Mint Mobile represents about 25% of the company, according to Fortune Magazine. Based on the sale price, that would value Reynolds' stake at about $340 million. Mint Mobile said it wasn't able to comment beyond the publicly disclosed information for the sale, while T-Mobile didn't immediately return a request for comment.
