Stephen Baldwin is congratulating his daughter, Hailey Bieber, after she reportedly sold her beauty brand rhode for $1 billion dollars.
"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, 28, decide to make her own product that she would want to use herself.
"The reason it’s succeeding is people are responding to it. It actually works as hydration and all of that," he said.
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Along with Bieber, he gushed over his other daughter's, Alaia Baldwin Aronow, 32, success too. Aronow works as a model and is an advocate for women suffering from endometriosis and PCOS.
"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.
The actor's comments come a month after the historic deal was announced. On May 28, Bieber announced that e.l.f. Beauty would be acquiring her cosmetics brand, and it's rumored that she's received a "generous cash payout."
Bieber took to Instagram to share the good news, telling her 55 million followers that "the most important thing to me is to keep bringing rhode to more spaces, places, and faces globally."
The $1 billion deal was first announced in a press release. According to the statement, Bieber will continue her role as rhode founder and will also serve as rhode’s chief creative officer, head of innovation, and act as a strategic advisor to the combined companies.
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