Hailey Bieber sells her label, Rhode, for $1 billion

Model and entrepreneur Hailey Bieber has completed a major deal to sell her popular makeup brand, Rhode, to elf Cosmetics, a move that could put her on the cusp of becoming a billionaire, sources have confirmed.

Deal details: $800 million in cash and stock… and a potential $200 million

According to TMZ, the deal stipulates that Hailey will receive an immediate $800 million in cash and stock, plus an additional $200 million contingent on the brand's performance over the next three years. This deal is one of the largest acquisitions in the beauty industry recently, especially since it comes just months after reports that Hailey was in negotiations with JPMorgan Chase to explore sale options.

Hailey Bieber remains in the creative leadership position.

Despite selling her stake in Rhode, Hayley will not be leaving the company. She will retain her role as creative director and chief innovation officer for the brand, which means she will continue to oversee product design, marketing campaigns, and brand strategy, and will serve as a strategic advisor to both Rhode and elf Beauty.

Touching Instagram statement: “Grateful to everyone who believed in this journey.”

Bieber shared a touching message to her Instagram followers following the deal announcement, expressing her excitement about the new partnership and thanking the team who helped transform Rhode into a successful and beloved brand around the world.

Financial background: Justin Bieber sold his music catalog for only $200 million.

This huge financial achievement for Bieber comes after reports that her husband, Justin Bieber, sold his music catalog for just $200 million due to financial difficulties, according to the TMZ documentary "Whatever Happened to Justin Bieber?"

Conclusion: A strategic move that strengthens Hailey Bieber's position in the business world.

With this deal, Hailey Bieber proves she's more than just a model or the wife of a global superstar. She's built a successful brand from scratch and sold it for a potential billion-dollar deal in a relatively short period of time, placing her among the most influential entrepreneurs in the beauty industry.