Ryan Reynolds Expands His Business Portfolio With New Investment

Reynolds

Ryan Reynolds may be a well-known actor, particularly following his work with Marvel as the iconic character of Deadpool, but there is more to the man than his work in the entertainment industry. In fact, he is actually part owner of Aviation Gin, a company he invested in back in Feb. 2018. Now, it seems that Reynolds is once more getting into business with a new investment.

According to “TechCrunch,” the actor has made an investment in Mint Mobile, a prepaid phone plan company. While the amount that he invested has not been disclosed at this time, it seems that Reynolds now owns more than 25 percent of the company.

For those unfamiliar with Mint Mobile, it is a “mobile virtual network operator,” which means that while they offer prepaid phone plans, they do not own the infrastructure of the network where they operate. Instead, the infrastructure belongs to T-Mobile, which is said to be what helps to keep costs associated with their plans down.

Some people seem to believe that Mint Mobile chose to bring Ryan Reynolds on board in an effort to increase their presence. This theory does make sense when one looks at the social media following that the actor has across multiple platforms. With the actor investing in the company, it brings star power and name recognition to the phone company that they may not have had previously.

In a press release from Reynolds, he stated that, “celebrities generally invest in high-end products like skincare brands or delicious gin companies. Yet Mint is making wireless way more affordable at a time when the average American is paying 65 dollars a month.”

Considering he is part owner of Aviation Gin, it makes sense that he would mention gin in his press release, even if it has nothing to do with this current investment. While the actor might be expanding his business portfolio with his investment into Mint Mobile, it will be interesting to see how he brings his celebrity into the mix with the company.

Written by Kimberley Spinney

Sources:

TechCrunch – In wake of Sprint/T-Mobile deal, Ryan Reynolds has an announcement

Image Credit – Gage Skidmore’s Flickr Page – Creative Commons License

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