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Jessica Simpson Poised to Become "Billionaire"

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THIS IS HOW WE NOW DO MATH
DailyFeed
There's really not much to add to this that Choire Sicha of The Awl hasn't already pieced together. But we will add anyway, just because we can... add.

Two things:

1) As Sicha points out, Jessica Simpson is not set to become a billionaire, though some fashion items bearing her name are being sold by Camuto Group, and as a licensee she does get some compensation, even if it's only a fraction of the $750 million worth of merchandise (which is not a billion dollars) that was sold last year.

2) Jessica Simpson is not building a billion dollar fashion empire. She is licensing her name to Camuto Group, a privately-held company (already built!) which designs, develops and distributes women's fashion footwear, including brands such as Tory Burch and BCBG Max Azria.
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