How Rich Is Jessica Simpson?
Jessica Simpson has been a pop star, reality star and, briefly, an actress, but what’s made her rich is her namesake brand of clothing and shoes. Simpson is now worth a whopping $200 million as she turns 42.
Here’s a quick look at Simpson’s stats:
Net worth: $200 million
Date of birth: July 10, 1980
Primary source of wealth: The Jessica Simpson Collection
Career highlights: Sold her stake in The Jessica Simpson Collection to Sequential Brand Group for about $120 million in 2015, bought it back in 2021 for $65 million, Bloomberg reported
Jessica Simpson’s Entertainment Career
Simpson emerged on the music scene in 1999 with the release of her album “Sweet Kisses.” She since released six more albums and had nine songs place on the Billboard Hot 100 chart — including “I Wanna Love You Forever,” which reached the No. 3 spot.
From 2003 to 2005, Simpson starred in the MTV reality show “Newlyweds: Nick & Jessica,” along with her then-husband Nick Lachey. (The show was the beginning of the end for the couple — Simpson filed for divorce in December 2005 and it was finalized the following year.)
She also pursued an acting career, starring in “The Dukes of Hazzard” (2005) and “Employee of the Month” (2006).
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Jessica Simpson’s Retail Empire
Although Simpson made a name for herself in the entertainment world, it’s her eponymous brand that’s responsible for most of her riches. In 2005, Simpson launched a footwear line with the Camuto Group. By 2015, her fashion and lifestyle empire — The Jessica Simpson Collection — spanned 31 product categories, including shoes, clothing, handbags, jewelry, fragrances and a home line, and was being sold in hundreds of department stores across the U.S., including Macy’s, Dillard’s, Belk and Nordstrom, MarketWatch reported. At the time, the brand boasted $1 billion in annual retail sales.
In 2015, she sold her 62.5% stake in The Jessica Simpson Collection to Sequential Brand Group for about $120 million, Forbes reported. Simpson continued to promote the brand and appeared in its ads, but when the and she is now reportedly looking to buy it back. In May 2021, The New York Post reported that Simpson and her mother were working with boutique investment bank Threadstone to raise cash to buy back The Jessica Simpson Collection from Sequential Brands as the new owner took a financial downturn.
Jessica Simpson’s Other Projects
She has earned money in other ways, too. In 2012, she struck an estimated $3 million deal with Weight Watchers to endorse the program after the birth of her first child, ABC News reported. She also collaborated with writer Kevin Carr O’Leary to pen her memoir, “Open Book,” which was released in March 2021, spent two weeks at No. 1 on the New York Times bestseller list and stayed on the hardcover nonfiction list for 11 weeks.
She remains immensely popular with 6 million followers on Instagram.
Jessica Simpson’s Real Estate
In 2013, Simpson and her husband, Eric Johnson, purchased a Hidden Hills, California, home from Sharon and Ozzy Osbourne for $11.5 million, Architectural Digest reported. The sprawling home — which sits on 2.5 acres — includes six bedrooms, a separate guest apartment, a jungle gym, a swing set, a basketball hoop, a large swimming pool, a hot tub and a home movie theater.
In 2019, The Daily Mail reported that Simpson and Johnson were constructing a new wing to make room for their third child.
Simpson and Johnson, who played wide receiver in the National Football League for five seasons in the early 2000s, married in July 2014 after a long engagement. They have three children: daughters Maxwell and Birdie, and son Ace.
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Jami Farkas contributed to the reporting for this article.
This article originally appeared on GOBankingRates.com: How Rich Is Jessica Simpson?
