T-Mobile is buying Ryan Reynolds’ Mint Mobile for up to $1.35 billion (2024)

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T-Mobile is buying Ryan Reynolds’ Mint Mobile for up to $1.35 billion? ›

Ryan Reynolds' Mint Mobile taken over by T-Mobile in $1.35B deal T-Mobile CEO Mike Sievert said the telecom giant would use its size and resources to "supercharge" Mint, which is best known for ads starring the actor who is part owner of the smaller company.

Once the deal closes, Mint founders David Glickman and Rizwan Kassim will join T-Mobile to continue managing the brand, which T-Mobile says “will generally operate as a separate business unit.” Meanwhile, Reynolds will also remain a part of Mint's branding, as T-Mobile says he will “continue on in his creative role on ...

Reynolds has donned many hats. His 25% majority stake in fledgling Mint Mobile led to a substantial windfall when T-Mobile acquired the startup for $1.35 billion after just four years.

Ryan Reynolds's Mint Mobile sale will earn him an estimated $300 million. Here's how he grew the telecom startup. Ryan Reynolds's Mint Mobile was bought by T-Mobile for $1.35 billion. Ryan Reynolds has assumed many guises since he shot to fame in the 1990s.

Mint's plans stick to the basics, with no streaming perks and minimal international support. For a lot of people, this is an appealing offer, and with Mint's easy-to-understand discounts, it's an affordable alternative to the bloated and expensive plans offered by postpaid carriers.

What's happening to Mint? In its announcement, Intuit said the company is “reimagining Mint” as a part of Credit Karma, also owned by Intuit. Users will no longer have access to their Mint accounts on March 23, 2024, or sooner if they choose to migrate to the Credit Karma app before that date.

Hollywood star Ryan Reynolds is set to make over €280 million after the sale of Mint Mobile. The Canadian actor sold his stake in the prepaid budget wireless provider to telecoms operator T-Mobile as part of a larger cash-and-stock deal, worth as much as €1.26 billion.

Ryan Reynolds currently has a net worth of roughly $350 million, according to CelebrityNetWorth. But, Forbes recently reported, the companies he owns or has sold are (or were) worth roughly $14 billion.

What is Ryan Reynolds' net worth? Ryan Reynolds, with a net worth of $350 million, has made significant contributions to their combined wealth. Known for his acting prowess, Reynolds has also excelled as an entrepreneur.

Mint Mobile, partly owned by actor Ryan Reynolds, is being acquired by T-Mobile as part of a cash-and-stock deal worth as much as $1.35 billion. T-Mobile's purchase of Ka'ena Corp. will give it access the budget wireless provider Mint, along with Ultra Mobile and wholesaler Plum.

Why is Ryan Reynolds so rich? ›

According to celebritynetworth.com, Reynolds, 46, has a net worth of $350 million. Reynolds' entrepreneurial ventures, notably the sales of Aviation Gin and Mint Mobile, have contributed to his wealth. But his acting career has been the biggest factor in his earning power.

Wrexham co-owner Ryan Reynolds, center, celebrates with members of the Wrexham FC soccer team the promotion to the Football League in Wrexham, Wales, on May 2, 2023.

Reynolds earned about $70 million in 2020, largely based on his film and entertainment earnings, according to Forbes. The actor makes about $20 million per film, according to the publication — a bonanza for most people but not enough to place him on the list of Forbes' top-earning entertainers in 2022.

Founded in 2016, Mint Mobile functions as a mobile virtual network operator (MVNO). It runs on T-Mobile's cellular network, which means it uses T-Mobile's network but isn't owned by the company.

Is Mint Mobile a Good Service Plan? Using Mint Mobile is a great deal for most users. With Mint's phone service you'll have lower prices and flexible contract terms. Because it's an MVNO, Mint can suffer from deprioritization, which means users will see their service slow down if the network becomes too congested.

Is T-Mobile Better than Mint Mobile? Since T-Mobile and Mint Mobile operate on the same network, the coverage should be very similar no matter which carrier you choose. T-Mobile, Mint Mobile, and other providers allow individuals to purchase single lines and family plans at competitive rates.

So does Mint Mobile service work for T-Mobile customers? Not exactly. You can't simply replace your T-Mobile SIM card with a Mint SIM card and switch service. Activation is required for a user to have an active account with Mint Mobile's network.

Make sure Mint works for you

Mint Mobile runs on the T-Mobile 5G network. That means coast-to-coast coverage. Check out how things are running in your neck of the woods below. For the best experience on Mint, we'd recommend that you take our quick phone compatibility check.

To bring your own phone to Mint, you need an unlocked phone. To unlock your phone, you'll most likely need to contact your current carrier so they can unlock it for you.

If you previously used that phone with AT&T, T-Mobile, Cricket Wireless, Simple Mobile or Straight Talk, then it'll probably work with Mint. Essentially any 5G or 4G LTE-supported phone that accepts a physical SIM card (or supports eSIM) will work on Mint.