A measure of total wealth calculated by adding all assets and subtracting all liabilities. It represents the financial value of an individual at a specific point in time. This calculation encompasses all forms of owned property, including liquid assets like cash and investments, and illiquid assets such as real estate and business interests. Debts, loans, and other financial obligations are subtracted to arrive at the final net worth figure.
kimora lee simmons net worth
Kimora Lee Simmons, a prominent figure in the fashion and entertainment industries, has built a substantial financial empire over her career. From her early days as a supermodel to her entrepreneurial ventures, she has demonstrated a keen business acumen. Her journey exemplifies how talent, combined with strategic decision-making, can lead to significant wealth accumulation. Her story is an inspiration to many aspiring entrepreneurs, particularly women in the fashion and beauty sectors.