The American businesswoman, fashion designer, TV personality, and former model is known as Kimora Lee Simmons. She became a model for Chanel after signing as a youngster. Simmons has graced the covers of Vogue and Elle in addition to walking the runway for designers like Fendi and Valentino. In 1999, she introduced the international lifestyle brand Baby Phat. Alongside her family, she made her television debut in 2007 as a star of Kimora: Life in the Fab Lane.
What is the net worth of Kimora Lee Simmons?
Model, novelist, and fashion entrepreneur Kimora Lee Simmons is an American with a $80 million net worth. The fact that Kimora Lee Simmons was married to hip-hop mogul Russell Simmons is what initially made her famous. When they started dating in the early 1990s, he was 35 years old and she was a sophomore in high school. 1998 saw their wedding, 2006 saw them split up, and 2009 saw their divorce.
As a fashion model, Simmons began her career by working for prestigious labels like Chanel and for designers like Karl Lagerfeld. She was thrust into the global spotlight when Lagerfeld personally chose her to be a Chanel model at the tender age of 14.
The fashion line Baby Phat, which she took over as Creative Director and eventually CEO after it was spun off from Phat Farm, her then-husband Russell Simmons’ apparel line, is her most notable financial achievement.
Due to its chic and glitzy designs, Baby Phat rose to prominence as one of the leading urban luxury brands. The business grew into other product categories under her direction, including jeans, accessories, shoes, and fragrances.
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Simmons also debuted her fashion label, Kimora Lee Simmons, emphasizing upscale designer clothing. “Kimora: Life in the Fab Lane,” her reality television program, featured both her personal and professional lives.
Real Estate Owned By Kimora Lee Simmons
Immediately following her divorce from Simmons, Kimora purchased a 13,000-square-foot mansion in Beverly Hills for $8.5 million in 2006. After purchasing a much larger Beverly Hills mansion several years later, Kimora began renting out this residence for as much as $55,000 per month.
This residence was sold by Kimora for $16.5 million in July 2023. The video below depicts this mansion: Soon after their 2014 wedding, Tim and Kimora purchased a New York City residence for $19 million.
Kimora and Tim purchased a 20,000-square-foot Beverly Hills residence situated on nearly four acres for $25 million in 2017. In addition to seven bedrooms and eleven bathrooms, the estate is situated in an exclusive gated community that is frequented by celebrities including Mark Wahlberg, Sylvester Stallone, Denzel Washington, and Eddie Murphy, among others.
The mansion features, apart from its eleven toilets and seven bedrooms, luxurious gardens, a home theater, a subterranean tennis court, and a swimming pool with mosaic tiles. A year ago, the property was initially listed for $33.5 million before its price was reduced to $29.95 million. Following that, the property was removed from the market before Simmons and Leissner’s purchase.
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Kathy Harouche, the spouse of apparel magnate Michel Harouche and mother of celebrity stylist Simone Harouche, who was in the company of Kim Kardashian on the infamous Paris robbery night, was the individual who sold the property. Tim and Kimora sold this mansion for $16 million in January 2021, incurring a loss of $9 million.
Personal Life of Kimora Lee Simmons
Russell Simmons wed Kimora in December 1998. Ming Lee Simmons (born 2000) and Aoki Lee Simmons (born 2002) are their two daughters together. Their divorce was formalized in 2009 after they had split up in 2006.
She started dating actor Dijmon Hounsou in the summer of 2008, and the two separated in 2012. In 2009, she gave birth to their son, Kenzo Lee Hounsou.
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Kimora got married to financier Tim Leissner in February 2014. 2015 saw the birth of their son, Wolfe Lee Leissner. Leissner spent many years as a partner at Goldman Sachs. Following the infamous 1MDB Malaysia corruption scandal, which cost the bank over $3 billion in fines and other expenses, he resigned from Goldman Sachs.
In 2018, Leissner entered a guilty plea to charges of money laundering and consented to give up $43.7 million in earnings. Leissner is said to have assisted scammer Jho Low in defrauding Malaysia of $4.5 billion between 2009 and 2014. Leissner and a partner received $200 million in fees from the plan along the way.
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