Honest Company Owner Jessica Alba Net Worth: She Renovate $10M Beverly Hills Mansion

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Successful in both the entertainment and commercial industries, Jessica Alba is a household name. She started acting when she was young, and by the time she was 31, she had made enough money in Hollywood to take the plunge and help build a multibillion-dollar business.

Her vast wealth is the direct result of the exponential growth of Honest Co., the company she founded to sell environmentally friendly cleaning supplies.

This article will focus on Jessica Alba’s financial situation, including her present wealth and the changes it has through over the years. If you’re ready to get into some cold hard figures, read on.

Jessica Alba Net Worth

A net worth of $100 million makes Jessica Alba one of the wealthiest celebrities in the world. Jessica Alba is a well-known actress who has appeared in blockbuster movies including “Fantastic Four” and “Good Luck Chuck.” She is well-known in the business world as the co-founder of the successful manufacturer of eco-friendly baby and home goods, The Honest Company.

Jessica owned 5.56 million shares (including options) of The Honest Company on the day it went public in May 2021. Her share was worth $130 million before taxes at the stock’s initial public offering price of $23. In March of 2022, when the stock price had fallen to roughly $5, her share was still worth about $25 million.

What is Jessica Alba’s Annual salary?

Jessica Alba receives a salary from her employer of about $700,000, plus a bonus of about $500,000 and restricted stock units worth about $1.5 million per year. She earned an estimated $9 million over the past few years between her base salary, bonus, and stock awards.

But when you factor in her earnings from side ventures and contemporary Hollywood products, the exact amount is harder to nail down, but it’s safe to say it’s far greater than her income in 2021 and lower than the sums some have anticipated for 2022.

Even so, we can still estimate Jessica Alba’s annual salary in 2023 with some degree of precision, based on her net worth alone.

Her estimated $100 million net worth will serve as the sole basis for these monetary indicators. Our statistics below will give you a general approximation of Jessica Alba’s daily, monthly, and yearly income in case you’ve ever wondered.

To arrive at this figure, we’ll suppose Jessica Alba is a good enough investor that she can generate a 4% annual yield on her combined $100 million net worth (We chose 4% since it is a very reasonable return to expect, given that historical returns on safe assets have been between 3% and 5%).

Therefore, Jessica Alba could easily be making $4 million per year without lifting a finger if she hypothetically liquidated all of her assets and put them in a small number of equities, ETFs, or REITs paying a moderate 4% dividend payout.

The Honest Company’s Share Price: A Rollercoaster Ride

The Honest Company's Share Price A Rollercoaster Ride

Alba has a successful business career outside of performing; she and partner Christopher Gavigan founded The Honest Company. Products for both babies and their parents’ homes and bodies are produced by The Honest Company, all of which are made with care for the environment in mind. More than 275 individuals are employed by the firm, and annual sales are in excess of $150 million.

The company was valued at $1 billion after raising $72 million in August 2014, on top of the $52 million it had raised previously.

The company was estimated to be worth $1.7 billion back in August of 2015. About twenty percent of the business was now owned by Alba. The pre-tax value of her share at the time was approximately $200 million. The company secured $75 million in a Series E financing in October 2017 at a $1 billion valuation, down 57% from its previous value.

Alba owned approximately 6.2% of The Honest Company, or 5.65 million shares when it went public in May 2021. At the initial public offering price of $23, Alba’s share was worth around $130 million.

The share price of The Honest Company dropped to roughly $5 after about a year. Approximately $25 million was at stake at that point.

If you’re curious about how much famous people are worth, click the links below:

Jessica Alba and Cash Warren Renovate $10M Beverly Hills Mansion

Alba paid Mike Medavoy, a film producer and Hollywood executive, over $10 million for a property in Beverly Hills, Los Angeles, at the beginning of 2017. With the help of Kathleen and Tommy Clements of Clements Design, Alba and her husband Warren renovated the entire home. The couple was aided in the acquisition of the home by Alba’s father, a real estate agent.

There’s more to Alba’s new purchase than just its star-studded position close to the home of restaurateur and reality personality Lisa Vanderpump in the exclusive and gated community of Oak Pass Road. The 1.85-acre property features a classic home that might be mistaken for a classic Hamptons residence due to its exterior and the abundance of natural light inside.

Alba got a great deal by securing the property for exactly $9.948 million, despite the fact that it had been listed for nearly $11 million. This Beverly Hills mansion was last sold in 2011 for $6,425, so its current owner, Medavoy, likely made a tidy profit.

Beyond the three-car garage and the expansive grass and swimming pool of the estate is a two-story guesthouse. With so many famous people living nearby on Oak Pass Road, it’s almost a prerequisite that the backyard be paparazzi-proof. The Vanderpumps aren’t the only famous neighbors; Jon Voight, Channing Tatum, and Demi Moore all live nearby, too.

In 2019, the actress sold another Beverly Hills house for the entire asking amount of $6,195 in less than a month. up a decade ago, she forked up $4.05 million.

You may count on us to keep you informed if there is a new update about this topic. In the meanwhile, if you visit our websiteΒ focushillsboro, you will be able to read the most recent updates on stories that are linked to this topic.

Louis
Louis Ebert

Louis Ebert is a talented content writer with a passion for creating compelling stories and informative articles. With years of experience in writing, Louis has honed their skills in crafting engaging content that resonates with readers.As a content writer for Focushillsboro.com, Louis explores the many facets of life in Hillsboro and the surrounding areas. From delving into the latest trends in local business to highlighting community events and leaders, their writing offers a unique perspective that captures the essence of the area.

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