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Who is Tim Leissner?

Tim Leissner was born in 1971, in the United States of America, of German and Brazilian descent, and is a former banker with the company Goldman Sachs, but probably best known for being the husband of fashion model as well as fashion designer Kimora Lee Simmons.

The Riches of Tim Leissner

How rich is Tim Leissner? As of late-2018, sources estimate a net worth that is over $25 million, earned through a successful career in banking. His net worth has also been elevated thanks to the success of his wife, who has an estimated net worth at $50 million. As he continues his endeavors, it is expected that his wealth will also continue to increase.

Early Life, Education, and Career Beginnings

While there is little information about Tim’s childhood, it is known that he had very few restrictions, and his parents wanted him to pursue the career he wanted growing up. He also showed a lot of intellect in performing well during high school, drawing a lot of praise from teachers. After matriculating, he enrolled in the University of Siegen in Germany and completed his bachelor’s degree in 1991.

he then went to the University of Hartford to complete an MBA. Afterwards, he enrolled in the University of Somerset to study for a Ph.D. While working on his doctorate, he was also working with the Lehman Brothers company as the head of mergers and acquisitions. He had control over the Asia-Pacific region, subsequently stay with the company for six years. After the completion of his doctorate and a long tenure with the company, he then left to pursue a working opportunity with Goldman Sachs, where he was given the position as Executive Director of the Mergers and Acquisitions division of the company.

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Goldman Sachs

Tim served well for the next few years as his career with Goldman Sachs continued, and eventually, his achievements saw him promoted to acting chief-of-staff to Richard Gnodde. He worked his way up and eventually became the co-president heading the company’s Singapore market, where he stayed there for a few years until relinquishing his position to move to Hong Kong and expand the company’s reach there.

The company grew even further, and he became Chairman of the entire South-East Asia Division. As the head of the division, he helped create billion dollar deals with the Malaysian state fund called 1Malaysia Development Bhd or 1MDB, however, issues surfaced when rumors started spreading as to whether or not 1MDB was actually using the money on local projects as intended. Evidence led to suspicion that funds may have been misappropriated, leading to an investigation concluding that there were some inaccuracies as well as unauthorized moves made by the company. The bank’s popularity in the country dropped significantly, and eventually led to Tim leaving Goldman Sachs in 2017. His current employment situation is unknown.

Kimora Lee Simmons

Kimora Lee Simmons is the owner of the American apparel brand called Baby Phat, which is the high end line of the Russell Simmons label often found in department stores such as Macy’s and Dillard’s. She served as the CEO and creative director through 2010, before fully taking over the company. She initially found popularity through a modelling contract with Chanel, and attracted a lot of attention in the early 1990s, leading to work with high profile designers such as Yves Saint Laurent and Valentino.

Her designing work began when she was working with then husband Russell Simmons, leading to the creation of Baby Phat. Simmons was later removed, and though no details have been shared as to why, many speculate that he was spending too much money in the company. Kimora Lee has also appeared in small roles in various films, and as one of the judges of the reality competition series “America’s Next Top Model”. She has published a self-help book too, and is also well known as a philanthropist.

Personal Life

For his personal life, it is known that Tim was previously married to Judy Chan who is the daughter of a Chinese businessman who owned a coal mining business. However, the relationship did not last long and ended in divorce. He later married Kimora Lee Simmons who has been married two times before they met. According to an interview, the couple met while on a ‘plane, and it started with an argument but ended with a marriage proposal, and they married in 2013. They have a child together, and she also has three children from her previous marriages. Tim has been barred for the US securities industry for the issues he created with his work in Malaysia.