, Columnist
Everyone Wants to Make ‘Ryan Reynolds Money’
Celebs are looking for equity-based endorsements in the hope of a big pay day — but this strategy won’t work for everyone.
Duty calls.
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Endorsing a big brand in return for cash is so last year. Now celebrities are clamoring for equity in the companies they’re promoting, in the hope of a bigger payday.
In short, everyone wants to be Ryan Reynolds, the Canadian actor and business mogul who sold his Aviation Gin brand to Diageo Plc in 2020 for $610 million only to trump that this month with the $1.35 billion sale of Mint Mobile to T-Mobile US Inc.