Stephen Baldwin Calls Hailey Bieber ‘Tremendous Good’ After $1B Rhode Deal

Stephen Baldwin is one proud dad!

The actor, 59, just lately weighed in on e.l.f. Magnificence’s $1 billion acquisition of daughter Hailey Bieber’s Rhode skincare model, which Bieber, 28, launched in 2022.

“The cool a part of it’s she’s tremendous good, good in enterprise,” Baldwin shared on a latest episode of “The Adam Corolla Present” podcast. “Succeeded as a mannequin previous to the whole lot she’s doing now. However the cool half was she really had a proposal to do one thing fairly massive and funky within the cosmetics a pair years in the past and didn’t.”

As a substitute, in keeping with Baldwin, Bieber got down to make a product that she would wish to use herself.

“The rationale it’s succeeding is individuals are responding to it. It really works as hydration and all of that,” he mentioned.

Baldwin, who can be the daddy of Alaia, 32, gushed over his daughters and their success, together with their romantic connections.

“I’m blessed that my two daughters married two nice guys,” mentioned the Common Suspects actor.

“The candy a part of my children too is, within the wake of no matter their success is, their dad stays the identical. I’ve at all times been the identical method. You realize you’re going to inform your daughter the reality,” he added.

Bieber introduced e.l.f.’s acquisition of her magnificence model in Could through her Instagram. The deal formally makes her a billionaire.

“Once I launched [Rhode] in 2022, I at all times had massive goals for the corporate, and crucial factor to me is to maintain bringing Rhode to extra areas, locations and faces globally,” she wrote. “So in the present day I’m so extremely excited and proud to announce that we’re partnering with e.l.f. Magnificence as we step into this subsequent chapter on the planet of Rhode. I discovered a like-minded disruptor with a imaginative and prescient to be a distinct form of firm that believes in massive concepts and innovation in the identical method that I do and can assist us proceed to develop the model. I really feel invigorated, excited and extra prepared than ever to step into an excellent larger function as Chief Artistic Officer, and Head of Innovation of Rhode in addition to strategic advisor to e.l.f. Magnificence.”

“Thanks to the wonderful Rhode staff who’ve helped me construct through the years. I couldn’t have accomplished it with out all of you,” she continued. “And to our Rhode group, thanks for being probably the most supportive and for being on this journey, this subsequent chapter goes to be much more unbelievable collectively!”

Hailey’s husband, Justin Bieber, celebrated the information by sharing photographs of himself embracing Hailey through his Instagram.