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Olsen Twins Independently Run their own "Empire"

January 29, 2005 03:13:31 GMT

Mary-Kate and ashley Olsen have taken full control of their billion-dollar media empire


The 18 years old twin Mary-Kate and Ashley Olsen are reported to have taken full control of their billion-dollar media empire for which they employ for about 40 people in Los Angeles, with additional staffers in New York and London.

Robert Thorne, the twin partner in the media empire, admitted being approached by the girls to buy what he called as his "very substantial minority stake" he had risen to CEO during a profitable 15-year relationship to respect their desire to take control over the empire a few years earlier than he had anticipated.

Taking control of their "empire", the twin sisters will produce home videos, CDs, books, apparel, fragrances and Barbie dolls all bearing their wholesome image with young girls as the main target.

© AceShowbiz.com




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