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Jessica Simpson: Meet The Billionaire

//wenn

Feb. 13 2011, Updated 2:00 p.m. ET

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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.

"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.

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

"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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