Kimora Lee Simmons, born on May 4, 1975, in the U.S., is a talented American who began as a teen model with CHANEL. She later modeled for big brands like Fendi and Valentino, and appeared on Vogue and Elle covers.
In 1999, Kimora started Baby Phat, a very successful global brand. She also starred in her reality TV show, “Kimora: Life in the Fab Lane,” from 2007 to 2011 on E!. Apart from fashion, Kimora won a Tony award in 2003 as a producer for the Broadway show “Def Poetry Jam.”
This piece explores the wealth of entrepreneur Kimora Lee Simmons. We look into her fashion business and other ventures to see how much she’s worth and how she made her money.
Kimora Lee Simmons Net Worth
As of February 2024, Kimora Lee Simmons has built a fortune of over $200 million. She earned this through her diverse businesses and investments. She’s put money into different areas like fashion, skincare, daily use products, and tech.
For example, she’s invested in Codage, a French advanced skincare brand; Pureform Global, which produces natural CBD products without cannabis or hemp; and Celsius, a drink that helps burn calories, which she bought in 2015. In 2019, she was part of opening Pellequr, a Beverly Hills spa with Korean spa influences.
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Kimora Lee Simmons Career Journey
Kimora Lee Simmons did many things in her career, including modeling, business, and entertainment. She first modeled for famous designers and brands, then created her own luxury brand of jewelry and cosmetics.
She also hosted TV shows and acted in movies like “For Love or Money” (1993), “Brown Sugar” (2002), and “Waist Deep” (2006). Her main work was in modeling, running her business, and TV hosting.
Kimora Lee Simmons Business Empire
In 1998, Russell Simmons started Baby Phat as a women’s clothing line within his Phat Farm brand. His then-wife, Kimora, became the head designer and later the boss in 2000. Together, Baby Phat and Phat Farm were hugely successful, earning $265 million by 2002.
In 2004, the Kellwood Company bought Phat Fashions for $140 million, but Kimora continued to lead Baby Phat. She grew the brand with new products like jeans, accessories, and jewelry. Although she left Baby Phat in 2010, she kept the rights to her perfume line.
Kimora also worked on other projects, like Simmons Jewelry Company and a collaboration with Hello Kitty. In 2006, she started her own cosmetics line, KLS, sold at Sephora and Macy’s.
Kimora launched fashion and skincare lines at Macy’s and also high-end fashion collections. From 2012 to 2015, she was the President and Creative Director of JustFab, a fashion subscription service, helping it expand.
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How Does Kimora Lee Simmons Use Her Money?
Kimora Lee Simmons used to be famous for her lifestyle as a judge on ‘America’s Next Top Model.’ But she’s become more private lately. She moved to the West Coast after her relationship with Russell Simmons ended.
In 2017, she bought a big house in Beverly Park but sold it in early 2021, even though she lost money on it. Before selling it, she was renting it out. Eddie Murphy lives nearby, so maybe they’re friends and hang out at neighborhood gatherings.
Cal Ripken Jr, known for his baseball legacy, has amassed an impressive net worth. On the other hand, Charlie Wilson, renowned for his funky music career, also boasts a significant net worth.
Despite their different fields, both these individuals have achieved remarkable financial success, reflecting their dedication and talent.
