Reese Witherspoon Denies Reports That She's A Billionaire

It's undeniable that Reese Witherspoon has been incredibly successful at leveraging her fame into an entire brand that's completely outside her film and television career. In 2021, she sold her production company Hello Sunshine for $900 million, and she recently made another big payday by selling a 70 percent stake in her fashion and lifestyle brand Draper James to Consortium Brand Partners. That led some outlets to report that she had officially reached billionaire status, but according to Witherspoon herself, that isn't true.