The Kardashians’ Sears line may well make over $200 million this year, as their rep told WWD. That’s a huge number for a brand new line. However, let’s not confuse that with net earnings for the Kardashian brood. They’re unlikely to see more than $10 million of that themselves. The Kardashians does not own their own clothing line. They license out their name. Read the article here.
Jessica Simpson is no where near a billionaire (her earning for 2010 was close to $20 million). Jessica sold her brand in 2005 to Camuto group. She does not even own her label. Neither are the Olsen twins, despite the stories that blogs have spread. Read the article here.