From Kathy Ireland to Jessica Simpson, countless news reports about celebrity licensing empires are usually devoid of financial breakdowns. In the case of Jessica Simpson, multiple news reports over the last few years have noted how much in sales Simpson’s empire has produced annually. The news reports, however, usually lack any details about actual earnings by the empire and details about Simpson’s own net worth. The same is true today about a Kathy Ireland news report.
Forbes this week claims that Kathy Ireland Worldwide, Ireland’s licensing company, sold “$2 billion worth of licensed products at retail.” The unusual news statement referenced how much in product value was sold. The number “$2 billion” is not how much in sales the company generated, and certainly not how many in earnings the company derived the last year.
So what is Kathy Ireland’s net worth? Celebrity Net Worth.com claims that Ireland is worth $350 million. Neither news report indicates how much Ireland makes from her company, nor what are the annual net earnings of her privately held company.
In 2010, similar confusion grew about Jessica Simpson. A report then claimed her company generated nearly $1 billion in annual sales.
An early 2010 Forbes report claimed Simpson’s shoes and accessories earn $500 million in sales, annually. That was compared to Sean Diddy Combs’ $500 million and Jay-Z’s $700 million annual numbers at the time. But in fall 2010, New York news claimed Simpson’s fashion empire (not her personally) will gross $750 million in sales for that year alone. But with her empire’s 2010 expected annual sales approaching $750 million, Simpson personally is expected to make in excess of $100 million each year alone.
Kathy Ireland Richest – Celebrity Net Worth.com has announced this week that super model Kathy Ireland is the richest model in the world.Between 1984 and 1996 Ireland appeared in 13 consecutive issues of the Sports illustrated Swimsuit Edition gaining three covers.
Forbes says that now with the brand she has built over the years she has amassed an amazing fortune as the CEO of Kathy Ireland Worldwide.
She has made, “an astounding $2 billion worth of licensed products at retail, making her a bigger licensor than the formidable Martha Stewart,” Forbes says.
Starting by putting her name on a line of socks sold at K-Marts, which became a best seller for the retailer. So, they ended up giving her a clothing line. Afterwards, she started up her private company, which now also produces a line of furniture.
By 2005, KIWW products were sold at over 50,000 locations in 15 different countries, generating an estimated $1.4 billion in retail sales. Her annual income from the product line is thought to be around $10 million, which has prompted Forbes to name her the “prototype for model-turned-mogul,” in an article about the trend of model preneurs, such as Heidi Klum, Elle Macpherson, and Gisele Bundchen.
She landed the cover of the Sports Illustrated Swimsuit issue a record three times but Kathy Ireland achieved an even bigger accomplishment last year.
The 48-year-old supermodel, whose eponymous company makes everything from home furnishings to workout vides, sold "an astounding $2 billion worth of licensed products at retail, making her a bigger licensor than the formidable Martha Stewart," according to Forbes magazine.
Celebrity New Worth says Ireland is the No. 1 richest supermodel in the world right now, with a net worth of $350 million.
Heidi Klum, Elle Macpherson, Gisele Bundchen and Christy Turlington also made the list of "model-preneurs."
And Ireland has some advice for Kate Upton, the newest Sports Illustrated Swimsuit cover girl: Think about the future.