Reply to Lively/Baldoni Lawsuit Part 2

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I’ve seen two blinds this week that insinuate Blake and Ryan are thinking about suing their attorneys for malpractice.  They probably owe them millions.   If it turns out to true, start popping the popcorn, because this thread will live on.[/quote]

I've always wondered how deep are ryan reynolds pockets ? I mean, mint mobile and aviation gin  ( which he never outright owned and was/is only a paid spokesperson with a tiny equity stake ) can't possibly make him F*ck you money . Deadpool is a money maker but still....between taxes,agent fees and their own lifestyle, how much is he really left with? Their quest to humiliate Baldoni will live them with long lasting effects.[/quote]

I agree with this. Their net worth of 400 million has felt exaggerated. I’m sure they have over a 100 million but I really wonder about much more than that.

We saw from the trial how pricey their lifestyle was. They had two nannies when they still had 3 three children so I imagine now they probably have three and it seemed like several housekeepers and lots of assistants, drivers, security. Obviously lots of PR people and lawyers even before this trial.

And I was surprised to find out they have two New York penthouses within five minutes of each other identically decorated. Sounds odd and expensive. at one point in his testimony, Baldoni referenced  “the apartments” and it got a lot of chatter on Reddit and people were confused. And then later an interior designer came out and said she’s worked on both apartments and they have them be identical. [/quote]

The thing about wealthy people and money is that it's always exaggerated and/or much more complicated. This is true for Lively, Reynolds, Baldoni, even Sarowitz (though I'm sure he legitimately is richer than the rest of them and is in fact a billionaire, but I think what that means is much more complicated than what normal people think it means).

Once people have a certain amount of money, they are not operating with an "income" mentality. They aren't even necessarily operating on the premise of "how much do my investments generate." Instead, they are looking at assets and leverage. Very wealthy people are often borrowing a lot of their money, which sounds crazy, but because they can borrow against substantial assets, this is usually the smartest way to arrange your finances. So estimating net worth is confusing because you are looking at valuation of assets (which can be variable), not just adding up how much Reynolds and lively earned making certain movies or what you think Ryan's "paycheck" is from a company like Mint Mobile.

They are not paying mortgages on those NY apartments the way a regular person (even a relatively rich regular person, like a lawyer making 800k or something) would. The apartments are long term investments and they have likely been set up to maximize potential earnings, even as I'm sure they are also spending money to make them nice, comfortable homes for themselves. I believe they also have a home upstate, I'm assuming they own at least something in LA, plus they just bought this home in London. Real estate is often the first way that Hollywood celebrities start to turn their actual paychecks into real wealth, because often (not always!) they can increase the value of a piece of property just by living there. It's any easy way to invest say a 7-10m payday from a movie and get decent ROI without having to do much.

But most of Reynold's assets likely coming his holdings of companies. He has sold two major companies already (Mint Mobile, sold to T-Mobile, and Aviation Gin, but I'm sure maintains minority interests in both. The one company he I think owns outright or is majority stakeholder in is Maximum Effort, which has a really diversified portfolio. ME has likely taking a hit due to the lawsuit but maybe less than people think because so much of what it does is under the radar, marketing and production work that people don't even realize is associated with Reynolds and thus Lively. Wrexham is a money loser but obviously a passion project for him, but he also has shares in an F1 team that I think is profitable. Plus you have to assume he's been investing profits from the major stake sales in recent years plus paydays for Deadpool and his other movies.

Does that add up to a "net worth" of 400m? It will depend on who you ask and on what day. The richer you are, the more your net worth can fluctuate (think of Zuckerberg "losing" billions on a bad market day for Meta). Ryan Reynolds is very rich in a real sense, in a market that benefits the wealthy. He's a lot richer than Baldoni and nowhere near as rich as Sarowitz. That's really all we can say.

I'll also note that the estimated costs of this litigation are wildly exaggerated. I know it thrills people to imagine that Ryan Reynolds spent 30m on litigation that Blake hasn't gotten anything out of, and to then subtract 30m from 400m, and think "Reynold's lost 7.5% of his net worth on this boondoggle!" That feels satisfying but is a poor person's way of thinking about money. The litigation didn't cost him 30m, and it doesn't get subtracted from his net worth estimate like a line item on your checking account.

He was rich before and is still rich. The lawsuit cost a lot of money and yet will not actually impact their lifestyle likely at all, beyond the misery it has almost certainly induced.[/quote]

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