Tina Simpson Net Worth

What Is Tina Simpson’s Net Worth?

Tina Simpson, an American entrepreneur, possesses a net worth of $20 million. She gained prominence as the mother of Ashlee Simpson and Jessica Simpson, both of whom achieved success in their singing careers and reality television appearances.

Highlights

– Tina Simpson has a net worth of $20 million.
– She co-founded The Jessica Simpson Collection, which achieved $1 billion in sales.
– Tina has appeared on TV series such as “Newlyweds: Nick & Jessica,” “The Ashlee Simpson Show,” and “Ashlee+Evan.”
– She and Jessica now own complete ownership of The Jessica Simpson Collection.
– Tina serves as the president of the company, while Jessica is the CEO.

Early Life

Tina Simpson, born Tina Ann Drew on January 18, 1960, in Waco, Texas, is the daughter of Dorothy Jean and Acy Edward Drew Jr. She has a sister named Connie.

Career

In 1999, the Simpson family relocated from Abilene, Texas, to Los Angeles to support Jessica’s burgeoning career. Tina became Jessica’s stylist, and together they founded The Jessica Simpson Collection in 2005. Initially focused on footwear, the brand collaborated with Vince Camuto, the founder of Nine West. Within a decade, the company achieved $1 billion in sales and expanded into clothing, accessories, swimwear, and home decor. The Jessica Simpson Collection became a household name, with 650 department stores carrying its products.

In 2015, Sequential Brands Group Inc. became a majority shareholder in the company. Tina and Jessica owned a 37.5% stake at that time. However, Sequential filed for Chapter 11 bankruptcy protection in August 2021, leading to Tina and Jessica acquiring complete ownership of the brand. They purchased Sequential’s 62.5% stake for $65 million. Tina expressed confidence in the future of the brand under Jessica’s leadership and mentioned plans to expand into health and wellness, skincare, furniture, and more.

Personal Life

Tina married Joe Simpson on August 19, 1978. Together, they welcomed daughters Jessica (born July 10, 1980) and Ashlee (born October 3, 1984). Joe initially worked as a youth pastor before becoming Jessica and Ashlee’s manager.

Tina filed for divorce in 2013, and rumors circulated about Joe’s alleged involvement with a 21-year-old model and coming out as gay. However, a representative for the family denied these claims, stating that the split was amicable and no third party was involved.

In June 2014, Tina got engaged to Jon Goldstein, the owner of Johnny Appleseed Landscaping Company, after two years of dating. Tina is also a grandmother to Bronx Mowgli Wentz, Jagger Snow Ross, and Ziggy Blu Ross (Ashlee’s children with Pete Wentz and Evan Ross, respectively) and Maxwell Drew, Ace Knute, and Birdie Mae Johnson (Jessica’s children with Eric Johnson).

Net Worth Over Time

Tina Simpson’s net worth has remained relatively stable over the years, with an estimated value of $20 million. Her success is primarily attributed to her involvement in The Jessica Simpson Collection and her entrepreneurial ventures.

Components of Net Worth

Tina Simpson’s net worth comprises various components, including her stake in The Jessica Simpson Collection and any other entrepreneurial endeavors she may pursue. Additionally, her net worth may include investments, real estate, and other assets she has accumulated throughout her career.

Disclaimer: All net worth figures mentioned in this article are based on publicly available information and estimates. While we strive for accuracy, they may not be completely precise. Any discrepancies or additional information are welcome.

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