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    Join the Patreon to get access to the full episode + BTS exclusive content! Full episodes release 2x a week! https://www.patreon.com/cw/Blackmillionaires_ Kimora Lee Simmons recently opened up about the sale of her iconic Baby Phat brand, revealing that while the company generated over $1 billion in revenue, she personally received around $20 million—or less—from its reported $140 million sale. She admitted she wasn’t fully involved in early deal discussions, a reality that shaped how she now views business and ownership. Launched in 1999, Baby Phat became a defining fashion brand of the early 2000s before shutting down in 2010 after her departure. Looking back, Simmons says she doesn’t feel she was fairly compensated for her contributions, but she’s used that experience to grow smarter financially. Instead of dwelling on the past, she focused on building wealth through investments and ownership, including stakes in companies like Celsius and other ventures in beauty and beverages. She credits her long-term mindset—especially as a mother—for putting her in a stronger position today. In 2019, Simmons reclaimed Baby Phat and relaunched it in 2023, tapping into nostalgia while redefining the brand for a new generation. For her, the comeback represents not just a business move, but a personal evolution rooted in lessons learned about power, money, and control. Russell Simmons Claps Back At Kimora Lee Simmons “I Made You.” Black Millionaires Podcast #blackmillionaires #blackmillionairespodcast #jameshilltv #russellsimmons #kimoraleesimmons
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