Ryan Reynolds is investing in a US sportswear company

Days after acquiring a minority stake in Club Necaxa, a Mexican soccer team, Hollywood actor Ryan Reynolds led an investment round in Homage, a vintage-inspired sports and licensed apparel company based in Ohio.

Homage announced a strategic investment of growth capital from Maximum Effort Investments, an investment advisory firm he co-founded Dead Pool Actor, according to investor database Crunchbase.

Maximum Effort Investments will serve as the lead investor in this round, the company said. Terms of the investment were not disclosed.

Homage plans to use this round of investment to expand its production capacity and operations team, invest in technology, and expand its licensing business through new and existing partnerships.

Under the agreement, a representative from Maximum Effort Investments will join Homage's board and Maximum Effort will contribute a “variety of strategic and creative resources,” Homage said.

Reynolds, 47, has a net worth of $350 million, according to Wealth Tracker Celebrity Net Worth.

He was appointed Yas Island Abu Dhabi's new Chief Island Officer last month and will be responsible for promoting the destination to an international audience.

The vast majority of the Canadian actor's net worth comes from his entrepreneurial endeavors, particularly thanks to sales of beverage brand Aviation American and Mint Mobile, the website says.

Last year, he sold his shares in low-cost prepaid wireless provider Mint Mobile to telecommunications operator T-Mobile US as part of a larger cash-and-stock deal.

His stake in Mint was about 25 percent. Assets magazine reported. He bought it in 2019 to make the technology more accessible.

In February 2018, Reynolds acquired an “unspecified minority interest” in Aviation American for an undisclosed amount Celebrity Net Worth.

In 2020, beverage company Diageo Aviation purchased American for an initial payment of $335 million. The guard reported. Depending on how the brand performs over the next decade, he could receive an additional $275 million based on the structure of the deal.

In 2018, Reynolds co-founded Maximum Effort, a film production company and digital marketing agency, with George Dewey.

Two years later, he and fellow actor Rob McElhenney bought Wrexham, the oldest football club in Wales.

Reynolds has also invested in Renault's own Formula 1 team Alpine through Maximum Effort. Last year he and McElhenney joined an investor group that bought a 24 percent stake in the F1 team.

A significant portion of his wealth also comes from his roles as leading actors.

After the success of the Dead Pool franchise, Reynolds falls into the category of actors who can earn $20 million up front to star in a film. Celebrity Net Worth Estimates.

Jay Z

Marcy Venture Partners, the company co-founded by hip-hop star Jay-Z, is in advanced talks to merge with the investment arm of Pendulum Holdings, Bloomberg reported.

A merger between the two California-based companies, which would have combined assets under management of more than $1 billion, is nearing completion, the report said.

Marcy Venture Partners was founded in 2018 by Jay-Z, 54, along with Jay Brown and Larry Marcus.

Pendulum was co-founded in 2019 by husband-and-wife team Robbie and D'Rita Robinson and has invested in companies such as Chinese food brand Fly by Jing, Founders Table Restaurant Group and coworking and warehouse provider Saltbox, Bloomberg reported.

Mr. Robinson previously worked as a financial adviser to Barack Obama.

Jay-Z, whose real name is Shawn Carter and is married to Beyoncé, is reported to have a net worth of $2 billion Celebrity Net Worth.

He makes investments through Marcy Venture Partners, named after the housing project where he grew up.

An active investor, his assets include the entertainment company Roc Nation, which he founded in 2008.

Beyonce brings husband Jay-Z to perform – in pictures

He also co-founded the US clothing brand Rocawear with Damon Dash in 1999, which they sold to Iconix Brand Group in 2007 for a reported $204 million.

“He holds a small stake [Rocawear] today and is involved in the marketing, development and licensing of the brand,” Celebrity Net Worth said.

He was also an early investor in ride-hailing app Uber through his company Marcy Venture Partners and holds stakes in Elon Musk's SpaceX, Swedish oat milk brand Oatly and non-fungible token marketplace Bitski.

In 2021, Jay-Z, who became the world's first billionaire rapper in 2019, sold a 50 percent stake in drinks brand Armand de Brignac to luxury retailer LVMH in a deal valued at $640 million. Celebrity Net Worth said.

Also in 2021, he sold music streaming service Tidal – which he bought for $56 million in 2015 – to Twitter co-founder Jack Dorsey's Square for $300 million.

Together with Beyonce, they own an art collection worth approximately $100 million and a multimillion-dollar real estate portfolio that includes a $26 million home in East Hampton, New York, an $88 million Dollar mansion in Bel Air, California, and a $6.8 million mansion include million dollar penthouse in New York.

Together they also own a $4 million private island in the Bahamas.

A significant portion of Jay-Z's wealth comes from his music career, which has grown due to selling more than 41 million albums, including: Reasonable doubt, The Black Album And American gangster.

In any given year, he earns between $70 and $80 million from tours, business ventures, music royalties, and other assets. Celebrity Net Worth Estimates.

Jay-Z and Beyonce were named pop music's first billionaire couple in 2017. The couple performs together and has three children.

Kanye West

Rapper and fashion designer Kanye West, now known as Ye, has slashed the price of his Malibu, California property to $39 million after purchasing it for $57 million. Celebrity Net Worth reported.

Accordingly, he bought the Tadao Ando-designed beach house in 2021 for $57.3 million in an off-market deal The Hollywood Reporter.

Ye, 46, first put the mansion up for sale earlier this year with an asking price of $54 million Celebrity Net Worth.

According to the agent, buyers must be prepared to spend “several million dollars” to make the house livable after Ye's construction projects that were never completed.

The rapper has a net worth of $400 million, according to the website's estimates.

In 2022 Forbes revised its net worth downward from $1.9 billion after sportswear retailer Adidas ended a nine-year partnership over its anti-Semitic comments.

The deal for its Yeezy trainer line was worth $1.5 billion, calculated based on a multiple of annual earnings.

Other brands and companies that have cut ties with him include Gap, CAA and Balenciaga. Forbes reported.

His wealth now consists of cash, real estate, the Yeezy brand, his music catalog and a 5 percent stake in his former wife Kim Kardashian's shapewear brand Skims.

His real estate portfolio alone is worth around $100 million. It includes properties in Chicago and the state of Wyoming, as well as other homes in California.

According to this, Ye's music catalog is worth $110 million and he earns between $150 and $200 million in Yeezy royalties each year Celebrity Net Worth.

Will Ferrell

US actor and author Will Ferrell is the latest Hollywood star to invest in an English football club, the PA news agency reported.

The 56-year-old American actor has reportedly acquired a “large” stake in Leeds United football club owner 49ers Enterprises, joining other companies gladiator Actor Russell Crowe and Olympic swimmer Michael Phelps.

Ferrell is also co-owner of the soccer team Los Angeles FC.

Leeds United are in the Championship – the second tier of English football – after missing out on the chance of promotion to the Premier League.

Ferrell, with an estimated net worth of $160 million, starred in a comedy sketch show Saturday Night Live from 1995 to 2002.

He is best known for his comedy roles in films like Eleven, Moderator And Blades of Glory.

He was also part of the blockbuster cast Barbie alongside Margot Robbie and Ryan Gosling.

According to records, Ferrell was one of Hollywood's highest-paid actors at the height of his career in the early to late 2000s, consistently earning $20 million per film Celebrity Net Worth.

Today, his earnings are a mix of a lower base salary and retroactive profit-sharing points, the website reported.

Updated: May 13, 2024, 5:00 am