Reese Witherspoon Net Worth: Reese Witherspoon is an American actress and producer who has won an Oscar. Witherspoon’s early work as a child and teen performer in television, film, and miniseries helped her break into the Hollywood industry. Many people recognize her for her performances in popular romantic comedies including “Legally Blonde,” “Sweet Home Alabama,” “Four Christmases,” and many more.
It would be unfair to label Reese Witherspoon as a specialist in romantic comedies, given she has also delivered stunning turns in dramatic films such as “Walk the Line,” “Wild,” “Vanity Fair,” and “Rendition.” It’s no secret that Witherspoon is one of Hollywood’s highest-earning actresses because she’s one of the few to achieve both box office success and critical acclaim.
In addition to her work with the Children’s Defence Fund, Witherspoon has long been a vocal supporter of global initiatives to improve the lives of girls and women. It’s no exaggeration to say that Reese Witherspoon is one of the greatest contemporary stars in Hollywood and that her films have and will continue to captivate viewers for decades to come.
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Reese Witherspoon Early Life
Witherspoon’s birth date is March 22, 1976, and her hometown is New Orleans, Louisiana. Her full name is Laura Jeanne Reese Witherspoon. John Draper Witherspoon, her father, was a medical student at Tulane when she was born.
He worked as a private practice otolaryngologist. Betty (Reese) Witherspoon, Reese’s mother, earned a doctorate in education and taught nursing at Vanderbilt.
At the age of seven, Witherspoon began taking acting lessons after being inspired to do so by roles she played in television advertisements and as a local florist.
She won first place at the Ten-State Talent Fair when she was just eleven years old. Witherspoon excelled in the classroom and was an avid reader. Originally from Nashville, she attended and graduated from the all-female Harpeth Hall School. She decided to study English literature at Stanford and enrolled there. She quit school to pursue an acting career.
Reese Witherspoon Career
Actress Reese Witherspoon made her debut in the 1990s “The Man in the Moon.” She was nominated for a Young Artist Award for Best Young Actress for her performance in this role. At the end of the year, she had a starring role in the cable TV film Wildflower.
She had roles in the 1992 TV movie “Desperate Choices: To Save My Child” and the 1993 CBS miniseries “Return to Lonesome Dove.” As 1996 came to a close, she starred in two critically acclaimed films, “Fear” with Mark Wahlberg and “Freeway” with Brooke Shields.
Overnight Delivery, Pleasantville, and Twilight were all released in 1998, all starring Witherspoon. Reese featured opposite Tobey Maguire in the 1999 film Pleasantville, which Amy Lamare of Celebrity Net Worth also helped produce. The film told the narrative of two brothers growing up in the 1990s who find themselves transported to the 1950s through a television show.
For her work in “Pleasantville,” she received the Young Hollywood Award for Best Female Breakthrough Performance. Witherspoon appeared in the 1999 drama “Cruel Intentions” alongside Sarah Michelle Gellar and her future husband, Ryan Phillippe.
Reese starred in the film adaptation of the novel “Election” that same year, for which she earned Best Actress awards from both the National Society of Film Critics and the Online Film Critics Society. She was also nominated for a Golden Globe and an Independent Spirit Award. She had roles in “American Psycho,” “Little Nicky,” and an episode of “Friends” season six in which she played Jennifer Aniston’s sister, among other projects in 2000.
Witherspoon’s breakthrough performance in the 2001 film “Legally Blonde” earned her the award for best actress at the Golden Globes. Her subsequent picture was 2002’s “Sweet Home Alabama,” which starred Josh Lucas and Patrick Dempsey.
Witherspoon became one of Hollywood’s highest-paid actresses after the sequel to “Legally Blond,” which was released in 2003 and made $90 million at the box office, paid her $15 million. They raved about her performance in the 2004 film Vanity Fair.
She starred in “Walk The Line,” a film on the life of singer/songwriter Johnny Cash, in 2005, for which she won multiple prizes, including the Golden Globe, the Academy Award, and the Screen Actors Guild Award, and the British Academy Film Award.
Wild, based on Cheryl Strayed’s memoir, was released in 2014, with Witherspoon serving as both producer and star. To play Strayed, Witherspoon walked the Pacific Crest Trail for a thousand miles.
We’re baaaack! @TheMorningShow Season 3! @hellosunshine @AppleTVPlus pic.twitter.com/cjyf665slQ
— Reese Witherspoon (@ReeseW) August 17, 2022
An acting version of the Liane Moriarty bestseller “Big Little Lies” began filming in January 2016, starring Reese Witherspoon in a seven-part miniseries. Together with Nicole Kidman and the show’s director, Jean-Marc Vallée, she produced the miniseries.
In addition to starring in and producing the Apple TV+ drama series “The Morning Show,” in which she co-stars with Jennifer Aniston and Steve Carell, Witherspoon also serves as a producer on the show.
For her role in the show, Witherspoon was nominated for two Golden Globes: Best Actress in a Television Series, Drama, and Best Television Series, Drama.
A drama series starring Octavia Spencer, “Truth Be Told,” launched on Apple TV+ in December 2019 and was renewed for a second season in March 2020, both of which Witherspoon executive produced.
Witherspoon stars in and executive produces the Hulu drama miniseries “Little Fires Everywhere,” which adapts Celeste Ng’s 2017 novel of the same name and features Kerry Washington as the lead character.
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Reese Witherspoon Personal Life
Reese and Ryan Phillippe dated after meeting on the set of “Cruel Intentions” in 1999. They wed quickly and remained a happy, married couple with two kids until 2006. As of 2008, they are no longer married. For a while after that, she dated Jake Gyllenhaal.
Reese wed Hollywood producer Jim Toth in 2011. Toth was the former co-head of the film section of Creative Artists Agency, where his clients included Matthew McConaughey and Scarlett Johansson.
They got engaged a year and a half after they first met at a party. Toth departed CAA in March 2019 to lead content acquisitions at the ephemeral video service Quibi.
Formation and Dissolution of a Production Company
Reese launched her own studio, Type A Films, in the year 2000. The company she co-founded with Bruna Papandrea in 2012 was called Make Movies. To better reflect its focus on the Pacific Rim, the new firm is now known as Pacific Standard. Both “Gone Girl” and “Wild” were produced by Pacific Standard, which received Oscar nominations.
Pacific Standard experienced a number of milestones in 2016. Production on the HBO series “Big Little Lies” was the first project for the firm. Second, with Bruna Papandrea’s departure, Reese has taken control of the company. Thirdly, Reese and private equity executive, Seth Rodsky founded Hello Sunshine as a partnership with Otter Media.
Hello, Sunshine acquired Pacific Standard and made it a subsidiary. Laurene Powell Jobs, Steve Jobs‘s widow, made a sizable investment in Hello Sunshine in February 2019. While doing so, Otter Media increased its holdings.
Hello, Sunshine was acquired by a private equity entity sponsored by the Blackstone Group on August 1, 2021. As far as we can tell, the company was sold for $900 million.
The remaining ownership holdings owned by Reese and other insiders have been incorporated into the newly established entertainment firm after Blackstone reportedly paid $500 million in cash to buy out Laurene Powell Jobs and Otter Media.
Reese Witherspoon Highlights from the Salary and Income
Since the early 2000s, Reese Witherspoon has often ranked among Hollywood’s highest-paid actresses. The 1996 film “Fear” brought Reese a salary of $200,000, one of her first major film payday.
Three years later, in 1999’s “Cruel Intentions,” she received $250,000 for the role that many consider having launched her career.
In 2001’s “Legally Blonde,” she earned her first multimillion-dollar payout. Following the massive success of Legally Blonde, her salary for Sweet Home Alabama, released in 2002, increased to an astounding $12.5 million. She made $15 million for the 2003 film Legally Blonde 2. For the follow-up, she was also credited as an Executive Producer for the first time.
Following this, Reese’s minimum wage per film was set at $15 million. With her base movie salary alone, she made almost $120 million between 2001 and 2012. Her total earnings from films have been over $250 million so far.
Reese Witherspoon Salary for Apple TV
Both Reese and her co-star Jennifer Aniston paid $1.25 million each episode for their roles on “The Morning Show,” an Apple TV show. Per-episode pay like that ranks fifth all-time as of this writing.
Reese made $20 million in film earnings, producing money, and endorsements between August 2017 and August 2018. She made $35 million from last August (2019) until this August (2020).
Reese Witherspoon Net Worth
As well as acting and producing films, Reese Witherspoon has also started her own production company. Reese Witherspoon has a $300 million fortune. Both the Academy Award and the Emmy Award are among her many accolades.
Reese is also one of the world’s highest-paid and most well-known performers. Her annual income is probably between $20 and $40 million.
Reese Witherspoon Real Estate
Reese purchased a 7-acre ranch in Ojai, California, for $3.955 million in 2006. This farm was the scene of Reese and Jim Toth’s wedding. She put the house up for sale in 2012 for $10 million.
Market conditions were unfavorable, and she settled for $4.983 million in December 2013. In the intervening decade, the property’s value increased to at least $10 million.
Reese paid $12.7 million for a mansion in the Los Angeles suburb of Pacific Palisades in 2014. The purchase was made before the completion of the building. To the dismay of her neighbors, Reese spent millions more on enhancements, such as a guard post that is staffed around the clock.
She tried to sell the house in 2016 for slightly under $20 million but was unsuccessful. Eventually, in April of 2020, she found a buyer willing to pay $17 million.
Reese paid $6.25 million in August 2019 to purchase Zuma Farms in the Malibu hills. This home was sold by her in November of 2020 for $6.7 million. Have a look at this video of Zuma Farms!
Reese has a sizable real estate portfolio in her hometown of Nashville, TN. Reese dropped $18 million on a sprawling 4-acre Nashville estate in June 2022 that includes a 15,000 square foot mansion, guest house, tennis court, pool, and more.
In the exclusive gated neighborhood in the Bahamas, Reese resides in a multi-million dollar estate.
Reese bought a mansion in Brentwood, Los Angeles, for $15.895 million in March of 2020. The residence was 10,300 square feet and sat on three acres of land. In March of 2022, she put the house up for sale for $25 million.
She found a buyer in under a month, and she got $21.5 million for it. This buyer was a hot pocket heiress.