“We lost the financing”: $400M Rich Mark Wahlberg Almost Went Bankrupt after the Pandemic Turned Multi-Million Dollar Clothing Brand into Lifeless Husk

"We lost the financing": $400M Rich Mark Wahlberg Almost Went Bankrupt after the Pandemic Turned Multi-Million Dollar Clothing Brand into Lifeless Husk
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Mark Wahlberg is one of the most highly-paid actors in Hollywood who has starred in dozens of big-budgeted, action-packed, and fascinating movies in his celebrated career. The actor has displayed his cinematic talents and acting chops in each of his projects, earned top-level accolades, and steadily established himself as a leading star in the movie business. The actor has built a juggernaut for himself and has proved why he stays on top of his acting A-game. 

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Wahlberg has built a multi-billion dollar empire based on his incredible film work and genius business acumen. The 52-year-old star owned multiple lines of brands, including his brainchild brand of athleisure wear, Municipal, which sells sport utility gear. Recently, the actor revealed that he lost financing for the brand during the 2020 pandemic and invested a whopping amount of money from his pocket to keep his brand alive.

Mark Wahlberg Reveals What Inspired Him To Launch His Clothing Brand Municipal

Mark Wahlberg
Mark Wahlberg

Whether starring in comedy-drama films or ruling the action genre projects, Mark Wahlberg has given many over-the-top performances in his thriving career. The actor has led many monumental big-banner films that have allowed him to display his cinematic talents. In addition to his flourishing acting career, the actor has been actively involved in several entrepreneurial endeavors and owns multiple million-dollar brands.

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Mark Wahlberg
Mark Wahlberg

In 2020, the actor launched his now million-dollar online athleisure wear brand, Municipal, which offers versatile, comfortable, and stylish sports utility gear. He co-founded his brand with his manager, Stephen Levinson, and entrepreneur Harry Arnett. In a recent candid interview with Rolling Stone, The Departed movie star shared how he decided to kick-start his clothing brand, saying, 

“We wanted to create stuff that looked cool, that fit and felt great, stuff that you could wear to work, you could wear it to work out and wear out at night. We wanted to create something that was a great value proposition to the every guy and gal who’s out there working hard to be the best version of themselves, you know?”

The Transformers movie star, without a doubt, is passionate about his brand and is vocal about his motive behind starting this business venture. According to reports, his extraordinary clothing line hopes to grow in the billion-dollar athleisure endeavor.

Also Read: Even Mission Impossible and Iron Man Couldn’t Save Tom Cruise & Robert Downey Jr: Mark Wahlberg, Jackie Chan Dethroned Them in Highest Paid Actors List

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Mark Wahlberg Shares He Lost Financing For His Brand During Pandemic

Mark Wahlberg
Mark Wahlberg

During his conversation with the outlet, Mark Wahlberg opened up about the time he lost the financings for his clothing line during the 2020 pandemic and kept his brand alive by investing a whopping amount of his money. His partner Arnett also told the outlet that he was initially unsure if Wahlberg was genuinely ready to spend his time and efforts for this brand, saying, 

“I wasn’t quite sure how involved [Wahlberg] would be or how passionate he’d be about the boring stuff, you know, the nuts and bolts of the day-to-day, “But he’s had an incredible passion for that,” Wahlberg added, “All the things that I’m involved with, I mean, I’m really involved. I’m not endorsing these products, you know — I either started the company or bought into the company.”

Also Read: “I didn’t have control over it”: $400 Million Rich Reese Witherspoon Wanted to Change Her Career Path After Uncomfortable Moments With Mark Wahlberg

The actor further shared that during the pandemic, he invested a hefty amount of money into his business, as they lost financing,

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“Things unfolded, we lost the financing, but everybody [had] left their jobs to start the brand. And then it got real. Everybody had to put their hand in their pocket and start writing checks.”

Mark Wahlberg has solidified his top-shelf spot as an A-list star by consistently giving power-packed performances, making him one of the most in-demand talents in the movie business. 

Also Read: “After 11 pull ups he started doing f*ck ups”: Mark Wahlberg’s Tall Claims to Beat Dwayne Johnson Inside the Gym Came Back to Haunt Him

Source: Rolling Stone

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Written by Rama

Articles Published: 451

With 5 years of experience with major sites, Rama is a veteran of Entertainment Journalism. She writes explosive articles for FandomWire and is a close observer of pop culture and films. Above all, she always takes life with a grain of salt. And a slice of lemon. And a shot of tequila.