Jessica Simpson’s decision to invest in her company has left her strapped for cash at Taco Bell.
via: Page Six
Jessica Simpson is living on a tight budget after putting her money into expanding her clothing line.
“I am draining my bank account,” the singer, 41, said on “The Real” Tuesday. “I have no working credit card. It’s OK. I will pay in cash. I went to Taco Bell the other day, and my card got denied. I’m on a budget, ladies!”
Simpson shared that she has invested much of her money into her company, as she has plans to launch lines for boys and men. But she also said she is always willing to bet on herself.
“With money, there’s just so much fear attached to it,” she explained. “And I’m the person that you get mad at the blackjack table. I’ll put it all out there if it’s me that’s 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’ll try harder.”
The “Irresistible” singer co-founded the Jessica Simpson Collection with her mother, Tina, in 2005. The company was then sold to Sequential Brands Group Inc., which ended up filing for bankruptcy. Fortunately, she and her mom regained control of their business after a three-year battle.
“I am truly humbled to reclaim 100% ownership of MY name and my brand,” she wrote on Instagram in November 2021. “It was a long journey getting to this point. I was told no, that brand ownership was out of the question, that I was not relevant enough, and I would never have 100%.”
She added, “My mom @tinasimpsonofficial and I remained steadfast, patient, determined, brave, and STRONG. TODAY we can look back and say we BEAT ALL ODDS stacked against us.
“We withstood the battle and today we CONFIDENTLY claim victory! The entire Jessica Simpson Collection belongs to us! #OwnYourself.”
The Jessica Simpson Collection is reportedly valued at $1 billion.
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