Jessica Simpson calls marriage to Nick Lachey her biggest money mistake
Today, the fashion mogal isn’t mincing words when it comes to her first marriag.
“The biggest money mistakes? I don’t know. For some reason I thought of my first marriage,” Simpson said with a laugh when asked what were some of her biggest money mistakes – personal or business – that has helped her grow, during an appearance on CNBC’s Closing Bell on Thursday.
Host Kelly Evans replied, “That’s actually a common answer believe it or not.”
So how has the former pop singer earned her fortune? Forbes estimated the Jessica Simpson Collection was paying her around $15 to $20 million per year for using her name on a diverse set of fashion products. Sequential Brands Group probably paid millions to purchase a majority stake in the Jessica Simpson Collection company, but Simpson is still retaining some shares in the brand named after her. She’s also working with the Camuto Group in order to manufacture and distribute footwear.
Will Jessica Simpson’s net worth ever make her one of the world’s richest women? She has around $850 million to go in order to reach $1 billion, and if she continued at her current income of $20 million per year she’d become a real billionaire within 42.5 years. That would make her billion dollar retirement at 77-years-old feel absolutely rich, but I’m sure she’d want to become a billionaire when much younger so she could enjoy the fruits of her labor.
“My business is the heart of who I am,” said Simpson. “I want to make every woman feel confident in what they’re wearing. I do feel like we’re very fashion-forward, but we also listen to the consumer. I have been every size on the planet and I understand women. And I just know how to dress them. I know there’s all different kinds. There’s life in the whole world beyond LA and New York. I understand Middle America and their mindset.”
Since the pair called it quits, Simpson, 35, went on to have two children – daughter Maxwell Drew, 3, and son Ace Knute, 2 – with husband Eric Johnson.
Lachey, 41, also found love and has two children of his own. Son Camden John, 2, and daughter Brooklyn Elisabeth, 8 months – with wife Vanessa Lachey.
Nick was an example of living humbly and doing the right things by others, and during their show weekly we saw how horribly Jessica was raised and how she treated those around her. I cheered about that break-up, Nick dereved so much better.
I think what this article misses the point on was that Nick asked for a pre-nup and she wouldn’t sign it. As he was bigger than her when they got married. As a result, her biggest financial mistake was not being fair at the onset and signing what was likely a relatively fair pre-nup.
Nich Lachey having been a celebrity longer doesn’t necessarily equate him being more financially meteoric than her when they got married. She had already achieved stardom when they broke up briefly in 2001 – reuniting after 9/11 and subsequently marrying in 2002. She’d had several popular albums already by then and her cutesy “I’m not very smart” brand had already started develpoing. His band started their hiatus in 2002 and his solo career was a total flop. I think it is probably more easily argued that she, being young and from a Christian family, felt a pre-nup is a plan for failure vs your insinuation that it came from a place of greed. I don’t think she had any reason to doubt her own financial stability independent of Nick Lachey.
She wants attention. She talks about the BILLION dollars her shoes and fashion whatever are worth but does she mention how many partners she has in this business venture? She simply used her branded name (from being blond/stupid from Newlyweds). She really needs to STHU
I think it’s very disrespectful to Vanessa for Jessica to keep talking about Nick. After all, Nick and Vanessa have been together forever and have two children so I feel it’s unnecessary for Jessica in any conversation to mention him or anything they’ve done together in the past.