Kimora Lee Simmons Purchases Beverly Hills Mansion For $25 Million

By on June 11, 2017 in ArticlesCelebrity News

Despite the fact that Kimora Lee Simmons and her husband Tim Leissner are going through some legal issues right now (Leissner was recently given a 10-year ban from the finance industry in Singapore for his involvement in a corruption scandal), it obviously hasn't stopped them from making some big purchases. The model, turned fashion designer, along with her husband has purchased a huge Beverly Hills mansion that cost them a king's ransom to obtain; and from the looks of it, it may have been worth every penny.

Simmons and Leissner recently purchased a 20,000+ square foot mansion in Beverly Hills for a whopping $25 million. The mansion features 7 bedrooms, 11 bathrooms, and is located in an exclusive gated community where other celebrities such as Denzel Washington, Mark Wahlberg, Eddie Murphy, and Sylvester Stallone, among others live.

In addition to the 7 bedrooms and 11 bathrooms, the mansion features lush gardens, a home theater, sunken tennis court, and a mosaic tiled swimming pool. The property was originally listed about a year ago for $33.5 million before being dropped down to $29.95 million. The property was then taken off the market, before Simmons and Leissner purchased it.

The person who sold the property was Kathy Harouche, who is the wife of apparel mogul Michel Harouche, and mother of Simone Harouche, a celebrity stylist who was with Kim Kardashian on the night of the now-infamous Paris robbery.

The timing of the big purchase is interesting, considering the fact that Leissner is involved in a corruption probe stemming from an international investigation of corruption in Malaysia. Leissner left his post at Goldman Sachs after he raised $6.5 billion for a Malaysian development fund (1MDB). The FBI, along with agencies in four other countries have been tracing millions of dollars that were transferred to Malaysia's Prime Minister Najib Razak, and it is believed that Leissner played a key role.

It is also believed that Leissner has been funding his wife's eponymous line, and as a result, Simmons could potentially lose her fashion line.

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