Hailey Bieber
Lengthy Rhode to Billionaire Standing
… Sells Make-up Firm for $1 Billion!!!
Printed
Hailey Bieber‘s Christmas got here actual early this 12 months … ‘trigger she simply offered her make-up model to e.l.f. Cosmetics in a deal that might land her within the 10-figure membership.
We have confirmed with individuals within the know that Hailey offered her model Rhode in a deal that stipulates she’ll obtain $800 million in money and shares on the shut of the deal … with an additional $200 million headed her manner if the corporate performs effectively over the subsequent three years.
Ready to your permission to load the Instagram Media.
The sale comes only a couple months after information broke that she was working with JPMorgan Chase to facilitate a sale … a reasonably fast turnaround for a serious firm like this.
Whereas Bieber’s promoting the possession stake within the firm, she is going to retain her function as Rhode’s chief artistic officer and head of innovation, overseeing artistic, product innovation and advertising and marketing — and, she is going to act as a strategic advisor to Rhode and e.l.f. Magnificence.
Ready to your permission to load the Instagram Media.
Hailey shared a heartfelt assertion to Instagram shortly after the information broke by which she detailed her pleasure on the new partnership … and thanked the entire workforce that made Rhode into the model it’s right this moment.
As you understand … we broke the story that Justin Bieber offered his music catalog for simply $200 million as a result of they had been broke and wanted the money.
Appears to be like like they obtained a complete lot of money now … and, they will go down any Rhode they need in life!
