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Jessica Simpson is getting candid about her finances.
The star poured his money into his business after he took over full ownership of her eponymous billion-dollar fashion brand.
The 41-year-old recently made an appearance on ‘The Real’ where she told talk show hosts she was ’emptying’ her ‘bank account’.
“I don’t have a working credit card. Its good. I will pay in cash,” she added. added. “Went to Taco Bell the other day, and my card was declined. I’m on a budget, ladies! »
JESSICA SIMPSON SPEAK OUT AFTER RECOVERING ‘100% OWNERSHIP’ OF HER BILLION DOLLAR COMPANY
Jessica Simpson is getting candid about her finances. The star poured his money into his business after taking over full ownership of his eponymous billion-dollar fashion label.
(John Shearer/Getty Images pour la collection Jessica Simpson)
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Elsewhere in the interview, Simpson said, “With money, there’s so much fear attached to it. I’m the person you get mad at at the blackjack table. I’ll say it all if I’m the one driving the show because I believe in myself and I know what I can do. And I know that nothing will stop me, and if you try to stop me, I will try harder.
The singer and actress supported her popular Jessica Simpson collection last year after her parent company, Sequential Brands Group Inc., filed for Chapter 11 bankruptcy protection back in August.
The 41-year-old recently made an appearance on ‘The Real’ where she told talk show hosts she was ’emptying’ her ‘bank account’.
(Getty Images)
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Since filing, Simpson and her mother, Tina Simpson, worked hard behind the scenes, the actress and singer got her business back as she only owned just over a third of the brand – 37.5% – at the time Sequential Brands Group Inc. bought a majority share of the group Camuto in 2015.
“It means the absolute world to me to be able to take over full ownership of my brand,” Simpson said. News shoes at the time.
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“After 16 years in business, I feel ready to approach this exciting next phase with open arms. I know the sky is the limit when my mom, our amazing team, and I completely lock ourselves into our clients. »
The singer and actress took charge of her popular Jessica Simpson collection last year after her parent company, Sequential Brands Group Inc., filed for Chapter 11 bankruptcy protection in August.
(John Shearer/Getty Images pour la collection Jessica Simpson)
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Bloomberg reported in September that Simpson offered $65 million buy the brand at auction.
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The brand is made up of more than 30 product categories, according to Forbes. In 2014, the outlet also noted that the brand made around $1 billion a year at retail.
FOX Business’ Julius Young contributed to this report
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