E. L. f Beauty has just purchased Hailey Bieber’s beauty empire Rhode for a staggering $1 billion, which she can now add to her already staggering net worth.
Hailey Bieber has done pretty well for herself despite marrying one of the world’s richest pop stars. The beauty mogul has just completed a £1 billion (£750 million) deal with Rhode Cosmetics, which adds to her staggering $ 15 million ($20 million) net worth.
The deal comes as e. f. Beauty sold her popular it-girl makeup line, which includes products for women’s skin like blush and lip tints. Since its launch in 2022, Rhode has grown rapidly thanks to a 100, 000-strong waiting list, and, according to Vogue Business, she has managed to sell 36 units of the brand’s hit product “glazing fluid” every second during past restocks.
The viral products reportedly contributed to more than $200 million in net sales over the previous year. The deal marked the “next chapter,” according to Hailey, who will remain as the company’s chief creative officer.
She said, “Our partnership with e. f. Beauty provides an incredible opportunity to advance and expand our reach with even more creative products and expand our distribution globally.”
In addition to being the Rhode founder, Hailey is also a well-known model and wife of Justin Bieber, and the couple tied the knot in 2018. They are also parents to their son Jack Blues Bieber – but tend to keep him out of the spotlight.
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In 2014, Hailey began modeling for Topshop and Sonia Rykiel’s runways before appearing in a number of campaigns for well-known brands like Ralph Lauren, Tommy Hilfiger, and Levi’s. The actress also appeared on the covers of numerous magazines, including Harper’s Bazaar, Elle, and Vogue.
Her father, Stephen Baldwin, an American actor, director, and producer, has a history of incendiary behavior. Brazilian graphic designer Kennaya Baldwin is her mother. Alec Baldwin, her uncle, is an American actor as well.
Hailey has reportedly made the decision to keep her son away from her parents after their relationship deteriorated when she fell pregnant. Since getting married, Justin and Hailey’s combined net worth is said to be around $300 million, with an annual income of nearly $80 million thanks to Justin’s success.
The Canadian singer is still one of the wealthiest musicians in history despite having semi-retired from the music industry and having made a huge fortune through his music and other endeavors. Jack, the couple’s son, is also expected to be one of the world’s richest newborns as a result of their combined wealth.
After Justin announced his arrival with a sweet snap of his foot on social media and the captioned the image: “Welcome home Jack Blues Bieber,” Hailey gave birth to Jack in August.
Hailey’s father congratulated her on social media following the birth. Pattie Mallette, 49, and Stephen, who has been married to Kennya Deodato since 1990, joined forces to welcome Justin’s first child. Pattie remarked on X: “CONGRATULATIONS @Justinbieber and Hailey. In a few moments, Stephen responded, “I LOVE YOU FOREVER BABY JACK” with the phrase “Amen, Congratulations to you and may God continue to bless our family.”
But now, it has been said that Hailey is choosing to keep her parents away from Jack after their relationship broke down when she fell pregnant. An insider said their relationship got worse when her dad asked fans to pray for Hailey and Justin on social media.
When you think of Justin and his wife Hailey, Victor Marx shared a video of the Justing singer with him, and it read, “Christians, take a moment to pray for them to have wisdom, protection, and draw close to the Lord.”
When Hailey and Justin’s father asked for prayers for them, the woman told the source that she had a “blowout” with her family and that she didn’t want him to be a part of her life. The insider claimed that Stephen had made the introduction and that she wouldn’t have known the singer.
Hailey expressed no dissatisfaction with this at all, according to them. Hailey recently revealed that she is no longer as “super close” to her well-known relatives. Hailey addressed her feelings of isolation in an interview with W Magazine, blaming her own very independent “nature” for it.
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Source: Mirror
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