The "500 Days of Summer" actress is making the headlines as she recently cashed in$30 million for selling her shares in a web business company. As per Celebrity Net Worth, Zooey Deschanel sold her share on "HelloGiggles" to "Time Inc."
Joe Ripp, the Chairman and CEO of "Time Inc." then stated that he sees potential in Hello Giggles' website as it continues to flourish.
"We see the opportunity for HelloGiggles to continue to evolve and grow as a multimedia content business. The site provides strategic benefits including a contributor network that unlocks access to a new pool of editorial and creative talent, an expansive audience of highly-engaged consumers and experience in branded and native content solutions."
"HelloGiggles" is a women's interest website which Zooey started in 2011 along with her friends Molly McAleer who is a TV writer and a blogger and TV producer Sophia Rossi. Deschanel sold her share to Time Inc. a company which also owns "People" and "Entertainment Weekly."
Their website's main focus is putting emphasis and positive spin on all things related to being a woman. It gets more or less 16 million visitors and readers each month. As per Celebrity Net Worth Website, Deschanel may have sold her share but her partner Sphia Rossi decided to stay on with HelloGiggles.
The website then added: "Early investors such as The Third Wave Digital, Pritzker Group Venture Capital, and Michael Pierce are reportedly set to make around 500% return on investments in the brand."
The "New Girl" star then made a remake that the partnership with Time will eventually make the website grow. In doing so, HelloGiggles "inspire and support even more young women with a safe and positive media platform."
As per The Richest, Zooey Deschanel is estimated to have a net worth of $16 million. She reportedly earns $125,000 per "New Girl's" episode and is said to have a $2,500,000 multi-year contract with Pantene.
