When love leaves a marriage, the assets aren't usually far behind. Actress and businesswoman Jessica Alba and her estranged husband, Cash Warren, have listed their Beverly Hills family residence for $19 million amid their ongoing divorce proceedings, Realtor.com reports.
The couple, who have three children, purchased their home in 2017 for $9.9 million. Alba filed for divorce on Dec 27 after 16 years of marriage and posted on Instagram on Jan 16, confirming the split. Their former marital home features seven bedrooms and 8.5 bathrooms, set on 1.86 acres of landscaped yards and lush foliage. Since purchasing it, the couple embarked on a gut renovation that took 18 months, which is reflected in the current listing price.
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Alba first came to prominence in the early 2000s, starring in “The Fantastic Four,” “Sin City,” and met Warren, who was a director's assistant on “The Fantastic Four,” according to People. The two married in 2008. Warren subsequently produced several documentaries and films and co-founded Pair of Thieves, a retail apparel company specializing in men’s underwear and basics.
Alba’s $340 Million Net Worth In 2016
In 2016, Forbes put Alba’s net worth at a staggering $340 million, based on the success of her non-toxic household product line, The Honest Company HNST. What began as an e-commerce subscription service for diapers and baby wipes soon expanded into a business offering 100 products.
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Lawsuits And Increased Competition
Although The Honest Company finally went public in 2021, it was far from plain sailing due to lawsuits and increased competition. Forbes estimated that Alba’s 6% stake in the company at the time of its initial public offering was worth $100 million.
Regardless of the turmoil, The Honest Company’s success landed Alba on the cover of Forbes in 2015 as one of America’s Richest Self-Made Women.
“Should the company go public as expected, Alba could well be on her way to the billionaires’ club—not a bad return for an initial $6 million seed investment by Alba and cofounder Brian Lee,” Forbes wrote when profiling the company’s success.
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IPO And A Drop In Valuation
Alba’s financial stake in The Honest Company took a further tumble a year after the IPO, dropping from $130 million to just over $27 million, according to The Hollywood Reporter in 2022. Still, Alba was paid nearly $8 million in 2021, which included a $6 million stock award. She also received a salary of $563,077 and a $1.4 million bonus, the Reporter reported.
The Honest Company announced in April that Alba was stepping down from a leadership role. This was accompanied by an Instagram post from Alba: “It is with a grateful heart that twelve years after founding The Honest Company, I am stepping down from my leadership role as Chief Creative Officer,” she wrote. “However, I will continue to provide strategic advice through my role on the board.”
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