Jennifer Garner Takes $724M Organic Food Empire Public; From $150 Weekly Understudy
Jennifer Garner, renowned both as an award-winning actress and cofounder of the successful organic baby food brand Once Upon a Farm, has achieved remarkable milestones in her career. Recently, the company went public with a valuation of $724 million.
From Humble Beginnings to Hollywood Success
Jennifer Garner’s journey began as an understudy at a low-paying New York theater, earning just $150 per week. Initially focused on theater, she transitioned to screen acting after realizing the financial opportunities available in film and television. Her first major role was in the 1995 television movie Zoya.
- 1995: Garner starred in Zoya.
- She gained recognition with films like 13 Going on 30, Juno, and Dallas Buyers Club.
- Television credits include roles in Law & Order and Alias.
Throughout her rise in Hollywood, Garner maintained a frugal lifestyle. Early on, she babysat for Stephen Colbert while taking on various acting jobs. She prudently saved a portion of her earnings, investing in her future.
Once Upon a Farm: A Growing Organic Food Empire
Garner co-founded Once Upon a Farm in 2017 with Cassandra Curtis and Ari Raz. This organic baby food company has since gained significant traction in the market. Garner serves as the chief brand officer and actively promotes the brand as “Farmer Jen.”
Public Offering Highlights
Once Upon a Farm recently completed its IPO, pricing shares at $18. This move raised $198 million and ensured a staggering valuation of $724 million.
- Shares traded under the symbol OFRM.
- Projected earnings for Garner range from $2 million to $3 million annually through 2028.
- The company reported annual sales of $200 million at the time of its IPO.
The company’s products are now available in 19,000 retail locations, marking a significant expansion in sales and market reach. Garner’s role as a board member reflects her commitment to shaping the future of the brand.
Looking Ahead
This year promises exciting developments for Jennifer Garner. She is set to star in new projects, including the Netflix comedy One Attempt Remaining and the second season of the Apple TV thriller The Last Thing He Told Me. With a flourishing entertainment career and her thriving food business, Garner continues to inspire many.
