Jessica Simpson: Meet The Billionaire

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Jessica Simpson‘s fashion empire will take in more than $1 billion in 2011, RadarOnline.com has learned.

That will represent a stunning 25 percent increase over her 2010 gross and put the singer-turned-designer in the same financial company as Michael Kors and other far-more established fashion leaders. This according to a profile of Simpson upcoming in New York Magazine.

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“I never thought I’d be some fashion mogul,” Jessica told the mag on the eve of launching her new ready-to-wear and career separates lines.

In the interview, Jessica also opens up about her engagement to former NFL player Eric Johnson, and described his marriage proposal.

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“It felt great for somebody to be on his knee and I had to sit on that knee because I was so excited and overwhelmed,” she said.

Jessica has not yet revealed a wedding date — or who will be designing her wedding gown.

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