How much is Kimora Lee Simmons Worth?
Kimora Lee Simmons Net Worth: Kimora Lee Simmons has a net worth of $200 million. She is an American model, author, and fashion entrepreneur who first became known for being married to Russell Simmons who also was Hip Hop entrepreneur. But later in 2009, Kimora Lee Simmons and Russell Simmons got divorced.
Mini Biography of Kimora Lee Simmons
Est. Net Worth
Kimora Lee Simmons
Date of Birth
May 4, 1975
46 years old
United States of America
6 ft (1.83 m)
Entrepreneur, Model, Fashion designer, Television producer, Actor
Phat Fashions LLC, 512 Seventh Ave., New York; NY, 10018, United States of America
Not Verified. Coming soon
Not Verified. Coming soon.
Early Life and Career:
Kimora Lee Simmons Leissner (Perkins), who by profession is known as Kimora Lee Simmons, was born in St. Louis, Missouri. She was born on May 4, 1975, is of Korean, Japanese, and African American heritage.
When Kimora Lee Simmons was 10 years old and having a great height of almost 6 feet tall, her mother would tease her for her height. For the possession of great height, her mother got Kimora enrolled in a modeling class at 11 years old. She gave herself to be mentored by Karl Lagerfeld who was an iconic Chanel designer. Later, she signed a modeling contract with Chanel and was doing fine.
Lagerfeld, Kimora Lee Simmons's mentor, was inspired by Kimora, referring to her as the "Face of the 21st Century," calling for more inclusion of racial sect in fashion.
The tall girl Kimora was already modeling for multinational high-fashion brands such as Christian Dior, Yves Saint Laurent, Valentino, Emanuel Ungaro, Kenzo, Roberto Cavalli, Anna Sui, and Fendi.
Entrepreneurship and Business
At the time when Kimora's husband, Russell Simmons, was the head of urban menswear brand Phat Farm in 1998, he created a Baby Phat by Kimora Lee Simmons. Baby Phat is a women's brand, and it was held under the watch of Phat Fashions.
Kimora then was made a designer whose job was to create clothes of different styles at Baby Phat. So, she kept creating clothes based on what she would want to wear.
Later, she got an appointment to work for the brand Baby Phat as President and Creative Director in 2000. Following the year, 2001, Baby Phat had estimated gross revenue earnings of $30 million. By 2002, the brands of Phat Farm and Baby Phat had together made profits of $265 million.
In 2004, The Kellwood Company acquired Phat Fashions for $140 million. Meanwhile, at the time of acquisition, Kimora was retained as President and Creative Director.
Under her leadership as President and Creative Director, she grew the brand and expanded it into multiple products which included jewelry, accessories, swimwear, fragrance lines, and denim. In 2006, Kimora Lee Simmons was named President of Phat Fashions, while she left the company in 2010, spent 4 years as President of Phat Fashions.
Even after leaving the company, however, Kimora stayed on as the owner of all of the licensing rights for her cosmetics and fragrance collections. The perfumes were sold in stores across the United States of America like Sears and Macy's. Some of them include "Golden Goddess", "Luv Me", "Baby Phat Goddess" (2005), "Seductive Goddess," "Baby Phat Fabulosity," and "Baby Phat Dare Me." She announced in 2019 that she had re-acquired Baby Phat.
Kimora also has other ventures under the Phat Farm and Baby Phat labels such as the Simmons Jewelry Company. These ventures marketed jewelry items. As of 2006, she also entered a partnership deal with Sanrio Ltd. in a bid to launch the "Kimora Lee Simmons for Hello Kitty" line, sold in Neiman Marcus.
In 2008, another Hello Kitty collection was released with Zales Corporation. While 2006 experienced her partnership deal with Sephora and Macy's. Kimora Lee Simmons's partnered with Sephora and Macy's in order to launch her own cosmetics brand called KLS Cosmetics.
As of 2010, Kimora proceeded with her relationship with Macy's after launching her KLS fashion collection with the department store. The Kouture by Kimora brand was so exclusive to Macy's.
Kimora partnered with a Swiss skincare company. Her partnership with the Swiss skincare company, Makari de Suisse, was to launch an anti-aging skincare line. The anti-aging skincare line was targeted towards multi-ethnic women in 2011. More so, she entered the luxury market with the launch of her KIMORA LEE SIMMONS high fashion collection. This move was distributed through Farfetch, Bloomingdales, Lord & Taylor.
Offer of appointment to the position of President and Creative Director for JustFab came to Kimora in 2012. JustFab is a personalized shopping website. She took the position and ran the company until 2015. Her leadership saw JustFab expanded into a prominent player in the world of fashion subscription services.
Her Television Career:
In 1998, Kimora's hosted her first television role which was "One World Music Beat". She then proceeded to host the syndicated talk show titled "Life and Style". The "Life and Style" talk show by Kimora Lee Simmons was produced by Sony Pictures Television in 2004. Some of her other television projects include the E! show "Kimora: Life in the Fab Lane". This show was premiered in 2007 and aired for 7 seasons. Another one was "Kimora: House of Fab". This one was debuted in 2013 on the Style Network. Apart from that, she was also a judge on the first season of Tyra Banks' reality competition show titled: "America's Next Top Model."
Kimora's Other Projects:
Kimora Lee Simmons is also an author. Some of the works she has worked on include her 2006 book "Fabulosity: What It Is and How to Get It". She also appeared in a music video for artists like Jay-Z, Usher, and Ginuwine. Additionally, she produced a show on Broadway. This show is titled "Def Poetry Jam". The show won her a Tony Award for a Special Theatrical Event in 2003.
As earlier mentioned, in 1998, Kimora married Russell Simmons. Both of them have two daughters, Ming Lee Simmons. Ming Lee Simmon, their first daughter was born in the year 2000. While Aoki Lee Simmons, second daughter, was born in the year 2002.
They divorced in 2006 and got it finalized in 2009. Late 2008, she began another relationship with actor Djimon Hounsou. During her relationship with Djimon, she gave birth to their son Kenzo Lee Hounsou. After the birth of their son in 2009, the couple split in 2012.
In February 2014, Kimora married another Tim Leissner. Together, they gave birth to their son Wolfe Lee Leissner in 2015. Leissner resigned from Goldman Sachs where worked as a partner for years as a result of the infamous 1MDB Malaysia corruption scam. This cost the bank over $1 billion in fines including other costs.
Tim Leissner agreed to forget his income of $43.7 million after he pleaded guilty to money laundering charges in 2018. Within 2009 and 2014, Leissner allegedly involved in fraud. Having helped scam artist Jho Low bilk Malaysia out of $4.5 billion. Along the way, Leissner and a partner made away with $200 million in fees from the scheme.
No sooner had Kimora separated from Simmons in 2006 than she purchased a 13,000 square-foot mansion in Beverly Hills for $8.5 million. Years later, Kimora began to rent out this property for as much as $55,000 per month.
Soon after in 2014, Kimora married Tim. They paid $19 million for a New York City apartment.
However, they paid $25 million in 2017 for a 20,000 square-foot (nearly 4-acres) home in Beverly Hills. Unfortunately, Tim and Kimora sold out this mansion for $16 million in January 2021, procuring them a loss of $9 million.
What is Russell Simmons's net worth?
- Russell Simmons is an American entrepreneur. He has a net worth of $340 million.
How much is Tim Leissner's net worth?
- Tim Leissner is a successful banker and investor who has an estimated net worth of $30 Million in 2021. He has earned a major part of his net worth from his job.
What company does Kimora Lee Simmons own?
- Kimora Lee Simmons owns Baby Phat. The company, Baby Phat, is an American clothing brand. Read the full details above.
How old is Russell Simmons?
- Russell Simmon was born on 4 October 1957. He is currently 63 Years Old as of when this post was published.