Jim Toth, the ex-husband of famed actress Reese Witherspoon, was once a significant power broker in Hollywood. However, a new report claims that the blonde beauty has moved on with billionaire Oliver Haarmann; he feels more like a bit player.

The former CAA agent, now 54, and "The Morning Show" star, now 48, who were married from 2011 until 2023 and have a son named Tennessee, who is 12, continue to get along well. However, Jim feels like an afterthought compared to Reese's new boyfriend, Oliver Haarmann, who is 57.

An unnamed source told The National Enquirer it has been a humbling experience for Jim, who continues to see Reese regularly and is highly involved in the co-parenting responsibilities that he shares with her.

Jim was never completely content with his job as a talent agent. Still, his years at CAA and subsequent relationship with Reese afforded him a certain amount of influence and fame in the community, both of which had vanished entirely for several years, according to a spy.

Jim was also a significant contributor to the development of the "Legally Blonde" actress's production company, Hello Sunshine, which they eventually sold for a price in the nine figures in 2021, PEOPLE Magazine reported.

The money Jim made while they were married is something you have to give credit to, according to a snitch. It is estimated that he left the marriage with tens of millions of assets, while Reese still possesses hundreds of millions of dollars independent of the marriage.

However, according to the source who provided the information, he is now forced to deal with the fact that Reese has begun a relationship with Oliver Haarmann, a man who is more successful than Jim in every conceivable way.

According to a spy, after the divorce, everyone anticipated that Jim would redefine himself and transform his millions into billions.

According to the mole, this has not occurred, which is unfortunate. At this point, he is just like any other single parent who drives his child to sports practice, and you can see by the look on Jim's face that he is not happy about it. The poor guy is a pale imitation of the person he used to be.

It has been reported that Reese and her ex-husband have a cordial relationship in terms of co-parenting, and this is the most critical aspect of their situation, as per Parents. Also, Jim should remember that his ex-wife's "biggest priorities" are her father and her work and not her romantic life.

Business Times has reached out to Reese Witherspoon and Jim Toth for comments.