Jessica Simpson's Financial Journey: From Borrowing Money to Buying Back Her Namesake Company

Jessica Simpson reveals that she used her house as collateral to buy back her namesake fashion brand two years ago when the company holding a majority share faced bankruptcy. After experiencing broken promises and disrespect from the conglomerate, Simpson decided it was time to take ownership of her billion-dollar company. Along with putting her home up as collateral, she liquidated her stock portfolio and even borrowed money from her mother. Despite the challenges, Simpson and her mother are determined to succeed and have plans to expand the brand into new categories, including haircare.