Millionaire actress and entrepreneur Jessica Alba hail from the United States. Jessica Alba is a famous actress who has appeared in numerous blockbuster movies. She is well-known in the business world as the co-founder of the popular line of environmentally friendly baby and household goods made by The Honest Company.
Jessica owned 5.56 million shares of The Honest Company on the day it went public in May 2021. (including options). Her share was worth approximately $130 million before taxes when the stock debuted on the market at $23. In March of 2022, when the stock price had fallen to roughly $5, her share was still worth about $25 million.
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Jessica Alba Early Life and Career Beginnings.
Jessica Marie Alba was born on April 28, 1981, in Pomona, California. She is of Mexican descent from her mother’s side and Welsh, German, English, and French descent from her father’s side. Joshua, her younger brother, is her sibling.
Due to her father’s service in the United States Air Force, she and her family moved around a lot as she was growing up, living in places like Biloxi, Mississippi, and Del Rio, Texas, until finally settling in Claremont, California when she was nine years old. She attended the Atlantic Theater Company after she graduated from Claremont High School at the age of sixteen.
In 1992, when Alba was eleven years old, she persuaded her mother to take her to an acting competition after she had shown interest in the field as early as age five. As the grand prize winner, she received free acting classes, and nine months later, she was signed by an agent.
Alba made her acting debut in a small role in the 1994 film “Camp Nowhere,” and she also had a brief recurring role on the Nickelodeon show “The Secret World of Alex Mack,” both when she was only thirteen years old. She did two national TV ads for Nintendo and J.C. Penney when she was a kid.
Jessica Alba’s net worth skyrockets in Honest Company IPO https://t.co/yJGQui3Q6v
— FORTUNE (@FortuneMagazine) May 6, 2021
Jessica Alba Acting Career.
While her early acting work garnered her some attention, it wasn’t until she was 19 and starring as the lead actress on the TV series “Dark Angel” that Alba truly broke out to the public. She won a Golden Globe, the Teen Choice Award for Choice Actress, and the Saturn Award for Best Actress for her role as the genetically modified super-soldier.
Since making her big screen debut in 2003’s “Honey,” she has risen to the position of leading lady in Hollywood. Aside from the aforementioned “Fantastic Four” (2005) and its sequel “Fantastic Four: Rise of the Silver Surfer” (2007), her other film office successes include “Good Luck Chuck” (2007), “The Eye” (2008), “Valentine’s Day” (2010), “Little Fockers” (2010), and “Mechanic: Resurrection” (2016).
Alba is well-known for her collaborations with director Robert Rodriguez. Her filmography includes “Sin City” (2005), “Machete” (2010), “Spy Kids: All the Time in the World” (2011), “Machete Kills” (2013), and “Sin City: A Dame to Kill For” (2015). (2014). Since the show’s May 2019 premiere on Spectrum, Alba has co-starred as an LAPD detective with Gabrielle Union.
The Honest Company
Alba has a career outside of acting as well; she and partner Christopher Gavigan founded The Honest Company. The Honest Company creates environmentally responsible alternatives to conventional baby products, cleaning supplies, and personal care items. Over $150 million in annual sales is generated by the company’s 275 employees.
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 market value of the company was $1.7 billion in August 2015. About twenty percent of the business was now owned by Alba. Her share was valued at around $200 million pre-tax at the time. The Series E funding round closed in October 2017, bringing in $75 million at a $1 billion valuation, a drop of 57% from the company’s previous round of funding in 2016.
In May 2021, when The Honest Firm went public, Alba owned 5.65 million shares or around 6.2% of the company. With an initial public offering price of $23, Alba’s share was theoretically worth $130 million.
Alba gave birth to their daughter Honor Marie Warren in 2008. The couple tied the knot in May of that year. The first images of the infant were sold to OK! The magazine for $1.5 million. Both a son in December 2017 and a daughter named Haven Warren in 2011 were brought into the world by the happy couple.
Jessica Alba Real Estate.
Alba spent about $10 million to buy a property in Beverly Hills, Los Angeles, from film producer and Hollywood executive Mike Medavoy at the beginning of 2017. Alba and her husband Warren hired Kathleen and Tommy Clements of Clements Design to do substantial modifications to the property. The couple was aided in the acquisition of the home by Alba’s father, a real estate agent.
Though the fact that Alba’s new home is adjacent to the mansion of restaurateur and reality personality Lisa Vanderpump, who also lives in the exclusive Oak Pass Road community, is certainly a plus, the property’s other stellar features make it a steal. The 1,850,000-square-foot mansion on the estate’s 1.85 acres is a great example of the traditional design popular in the Hamptons.
Originally offered for roughly $11 million, Alba was able to negotiate a purchase price of $9.948 million. In 2011, Medavoy purchased the home for $6.425, thus it appears he made a hefty profit on the Beverly Hills location.
Beyond the three-car garage and the expansive lawn and pool, you’ll find the two-story guest house. A paparazzi-proof backyard is practically a need in the celebrity-filled Oak Pass Road neighborhood. Jon Voight, Channing Tatum, and Demi Moore are also neighbors of the Vanderpumps’.
