Actress Reese Witherspoon is best known for her amazing film and TV roles. But she has had a lot of personal drama over the years. She was married to Ryan Phillippe in the early 2000s, but they were unable to eventually marry.
Now, both Phillippe and Witherspoon have moved on. But she seems to have been able to make some money thanks to a home she and Phillippe shared. Here is what happened.
Reese Witherspoon and Ryan Phillippe said their young age was the reason they separated
Marriage is difficult – and it is especially sad for two young Hollywood stars. Witherspoon met Phillippe back in 1998 when she was just 21 years old.
“I met him at my 21st birthday party,” Witherspoon said Iris Jane. “I don’t know what came over me – maybe the seven types of Midori – but I said to him, ‘I think you’re my birthday present. ‘He thought it was so smooth, and now that I think about it… so embarrassing! ”
The couple engaged a year after the first meeting, and tied the knot in 1999. But in the early 2000s, it all went downhill. Phillippe later told the New York Daily News that one of his biggest mistakes was not putting in enough effort and not going to couple treatment.
“It’s not the biggest mistake to do that, avoiding marriage and falling apart due to laziness,” he said. “When we came together we were so young. I think it will create issues with two people in this industry because there is so much noise. ”
Witherspoon was able to make money after a divorce from Phillippe
Witherspoon and Phillippe do not seem to have ended their relationship on bad terms, as they are still co-parents of their children. And both of them managed to make some money after the divorce as well.
according to Forbes, Witherspoon and Phillippe had a four-bedroom, four-bathroom, 2,664-square-foot duplex in Los Angeles. And they last sold it in 2014, several years after their divorce.
The couple first bought the beautiful home in 2005 for $ 1,173,500. They held the property for years before listing for $ 1,395,000 in 2013. Just 18 days after listing, they were able to sell the place for $ 1,440,000. This resulted in a profit of $ 266,500 for the exes.
We are not sure how they managed to split the money between them, but it is safe to assume that they were able to split fairly between the two of them.
Witherspoon lost nearly $ 1 million on house sales later
While Witherspoon and Phillippe could make a profit from selling the home together, that was never true for both of them. Businessman notes Witherspoon made a big impact on the nine-bedroom home show in 2013.
The release notes that the actress listed her home in Ojai, California, for $ 10 million back in 2012, and even appeared in Elle Decor. Unfortunately, Witherspoon had a hard time finding the place to sell it. She sold the home last year after lowering the price to $ 5.9 million. Even with the sharp decline, it only managed to sell at $ 4,983,500, with a total loss of more than $ 800,000. Witherspoon originally bought the property for $ 5.8 million.
Despite the huge loss in prices, we are confident that Witherspoon is doing just fine. She is worth over $ 200 million and still has plenty of valuable acting careers.
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