Stephen Baldwin is one proud dad!
The actor, 59, recently weighed in on e.l.f. Beauty’s $1 billion acquisition of daughter Hailey Bieber’s Rhode skincare brand, which Bieber, 28, launched in 2022.
“The cool part of it is she’s super smart, smart in business,” Baldwin shared on a recent episode of “The Adam Corolla Show” podcast. “Succeeded as a model prior to everything she’s doing now. But the cool part was she actually had an offer to do something pretty big and cool in the cosmetics a couple years ago and didn’t.”
Instead, according to Baldwin, Bieber set out to make a product that she would want to use herself.
Financial Experts Explain Hailey Bieber’s Earnings From $1 Billion Rhode Sale
“The reason it’s succeeding is people are responding to it. It actually works as hydration and all of that,” he said.
Baldwin, who is also the father of Alaia, 32, gushed over his daughters and their success, including their romantic connections.
“I’m blessed that my two daughters married two great guys,” said the Usual Suspects actor.
Stephen Baldwin Gushes Over ‘Plump Potato’ Grandson Jack Blues Bieber
“The sweet part of my kids too is, in the wake of whatever their success is, their dad remains the same. I’ve always been the same way. You know you’re going to tell your daughter the truth,” he added.
Bieber announced e.l.f.’s acquisition of her beauty brand in May via her Instagram. The deal officially makes her a billionaire.
“When I launched [Rhode] in 2022, I always had big dreams for the company, and the most important thing to me is to keep bringing Rhode to more spaces, places and faces globally,” she wrote. “So today I am so incredibly excited and proud to announce that we are partnering with e.l.f. Beauty as we step into this next chapter in the world of Rhode. I found a like-minded disruptor with a vision to be a different kind of company that believes in big ideas and innovation in the same way that I do and will help us continue to grow the brand. I feel invigorated, excited and more ready than ever to step into an even bigger role as Chief Creative Officer, and Head of Innovation of Rhode as well as strategic advisor to e.l.f. Beauty.”
“Thank you to the amazing Rhode team who have helped me build over the years. I couldn’t have done it without all of you,” she continued. “And to our Rhode community, thank you for being the most supportive and for being on this journey, this next chapter is going to be even more incredible together!”
Hailey’s husband, Justin Bieber, celebrated the news by sharing photos of himself embracing Hailey via his Instagram.
