Kimora Lee Simmons, born on May 4, 1975, in the United States, is a multi-talented American. She started her career as a model with CHANEL when she was just a teenager. Later, she walked the runway for famous fashion brands like Fendi and Valentino and even graced the covers of magazines like Vogue and Elle.
In 1999, Kimora launched a global lifestyle brand called Baby Phat, which became a huge success worldwide. She’s not just into fashion; Kimora and her family also entered the world of reality TV in 2007 with a show called “Kimora: Life in the Fab Lane” on the E! Network, which had four seasons.
Beyond her fashion and modeling achievements, Kimora Lee Simmons is a Tony award recipient. She received this prestigious award in 2003 for her work as a producer on the Broadway show “Def Poetry Jam.” She’s truly a woman of many talents and accomplishments.
Have you ever wondered about the incredible wealth amassed by American entrepreneur Kimora Lee Simmons? From her groundbreaking fashion ventures to her diverse business portfolio, we delve deep into the world of this renowned figure to uncover Kimora Lee Simmons’ net worth and the secrets behind her financial success.
Kimora Lee Simmons Net Worth
Kimora Lee Simmons has grown her wealth to over $200 million by January 2024, Through all her businesses and investments. Simmons has invested in a variety of different businesses in areas like fashion, skincare, everyday products, and technology.
Some examples include Codage, a high-tech skincare brand from France; Pureform Global, which makes natural CBD products without cannabis or hemp; and Celsius, a “healthy” calorie-burning drink she bought in 2015. In 2019, she also helped open Pellequr, a unique spa in Beverly Hills inspired by Korean spas.
Kimora Lee Simmons Business and Entrepreneurship
In 1998, Kimora’s then-husband Russell Simmons, who led Phat Farm, started Baby Phat as a women’s brand. Kimora became its designer and later its President and Creative Director in 2000. By 2002, Phat Farm and Baby Phat made a combined profit of $265 million. In 2004, Kellwood Company bought Phat Fashions for $140 million, but Kimora stayed on as President and Creative Director.
She expanded the brand into denim, accessories, jewelry, and more. She left in 2010 but kept rights to her fragrances. Kimora also had ventures like Simmons Jewelry Company and a partnership with Hello Kitty. In 2006, she launched KLS Cosmetics with Sephora and Macy’s.
She had fashion collections at Macy’s and launched skincare and high fashion lines in later years. In 2012, Kimora became President and Creative Director of JustFab until 2015, helping it grow as a fashion subscription service.
Kimora Lee Simmons Career Journey
Kimora Lee Simmons had a diverse career in modeling, business, and entertainment. She started as a fashion model, working with top designers and brands. She also ventured into businesses like jewelry and cosmetics, establishing her luxury brand.
She did some TV hosting and made appearances in movies like “For Love or Money” (1993), “Brown Sugar” (2002), and “Waist Deep” (2006). But her main focus was on modeling, entrepreneurship, and hosting on TV.
How Does Kimora Lee Simmons Spend Her Money On?
Kimora Lee Simmons used to be well-known for her lifestyle when she was a judge on ‘America’s Next Top Model.’ However, her life has become more private lately. After her relationship with Russell Simmons ended, she moved to the West Coast.
According to Daily Mail, in 2017, Kimora bought a mansion in Beverly Park, but she sold it in early 2021 at a loss. However, this didn’t seem to affect her overall wealth. Before selling the mansion, she was renting it out. It’s worth mentioning that Eddie Murphy owns one of the nearby mansions, so maybe they’re friends and share some laughs at neighborhood gatherings.
Kimora Lee Simmons’ Real Estate Assets
Kimora Lee Simmons has invested in real estate, such as an $8.5 million mansion in Beverly Hills in 2006, a $19 million apartment in New York City in 2014, and a $25 million Beverly Hills estate in 2017.
The Beverly Hills estate, which has 7 bedrooms, 11 bathrooms, a home theater, a tennis court, and a pool, was initially listed at $33.5 million but eventually sold for $16.5 million in 2017. However, in January 2021, Simmons and her husband, Tim, sold another property at a $9 million loss.
In the realm of wealth and success, Jordan Poole, the talented basketball player, and Viktor Bout, the infamous “Merchant of Death,” are two distinct figures. While Poole’s earnings revolve around his thriving basketball career, Viktor Bout’s wealth stems from a more controversial background. Let’s explore the financial stories of these individuals and uncover their respective net worths.
Who is Kimora Simmons Husband?
Kimora Simmons was first married to Russell Simmons, and they have two daughters, Ming Lee Simmons and Aoki Lee Simmons. After their divorce, she was in a relationship with actor Djimon Hounsou and they had a son named Kenzo Lee Hounsou.
In 2014, Kimora Simmons married banker Tim Leissner, and they have a son named Wolfe Lee Leissner. Tim Leissner faced financial controversies, including money laundering charges, which attracted attention.
