Angel Investor Breakdown: Ryan Reynolds
Angel investing is a way for people to make money by investing in small businesses that are just starting out. Celebrities like Ryan Reynolds are doing this too! Most celebrities choose not to be a part of the business world and keep their Hollywood career as their main source of income, but some love to get their hands in the business market and experience investing themselves. Even celebrities are embracing portfolio careers and the importance of multiple streams of income. Not all find success, but some make many smart and well-thought decisions leading to their successful businesses. One of them is Canadian actor Ryan Reynolds. You may have even seen his documentary on Amazon Prime showing his takeover of Wrexham FC in the UK.
Reynolds has made a lot of money by investing in a budget telecoms firm called Mint Mobile. He owns 25% of the company, and when it was sold to T-Mobile for $1.35 billion, he made over $300 million! It is worth noting he is one of the highest-paid actors in the world so it is clear that money is not the only motivation to do this. Ryan Reynolds believes in making small investments and giving smaller companies a chance.
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The Deadpool actor has also sold a gin brand, Aviation Gin he co-owned for $610 million. He has also invested in startups such as 1 Password, WealthSimple and Maximum Effort. Even though he’s made a lot of money from these investments, he still acts in movies and makes a lot of money that way too. Other celebrities like Ashton Kutcher and Snoop Dogg also invest in businesses that are not related to their acting careers.
So, if you want to make money like Ryan Reynolds, you can invest in small businesses too!
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