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Fortune
Fortune
Chloe Taylor

Ryan Reynolds cashes in on his budget wireless provider for a cool $1.35 billion

Ryan Reynolds at the premiere of "Spirited" held at Alice Tully Hall on November 7, 2022 in New York City. (Credit: Kristina Bumphrey/Variety via Getty Images)

Hollywood superstar Ryan Reynolds has seen another business bet pay off, as T-Mobile is set to buy Mint Mobile—the wireless provider in which he holds an estimated 25% stake—as part of a deal worth more than $1 billion.  

T-Mobile announced on Wednesday that it had agreed to buy Mint’s parent company Ka’ena Corporation, as well as all of its subsidiaries and brands, which also include Ultra Mobile and wholesaler Plum.

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