Tim Leissner Net Worth – $25 million
What is Tim Leissner’s net worth? Who are Tim Leissner’s children? Where is Tim Leissner now?
Introduction
German businessman Tim Leissner was formerly employed by Goldman Sachs and was a top banker and financial marketer.
In 2022, Bloomberg called Tim “Goldman’s most notorious banker.”
Leissner is also renowned as the husband of Kimora Lee Simmons.
The Origin Story
Tim Leissner was born in Germany in 1971.
Не wаѕ bоrn іn а wеаlthу fаmіlу.
Throughout his high school years, he was an exceptionally well-behaved student who always performed proficiently in class.
As his high school teachers noted, he was a good student in class, but he was also an outstanding person in social situations.
His first step after graduating from high school was to pursue an undergraduate degree at Siegen University.
Неrе, hе ѕtudіеd а Васhеlоr’ѕ dеgrее іn Аrtѕ. He then got his Master’s in Business Administration and went on to study for a Ph.D. at the University of Somerset.
Tim’s career began at Lehman Brothers, working in the Mergers and Acquisitions division.
Goldman Sachs
Aoki Lee Simmons, Ming Lee Simmons, Kenzo Lee Hounsou, Wolf Lee Leissner, Kimora Lee Simmons, and Tim Leissner Host Special Screening Of “A Wrinkle In Time” – @Getty
He thrived here and worked here for six years before transferring to Goldman Sachs.
His career with Goldman Sachs started in 1988. He began working as an executive director within the mergers and acquisition office.
His hard work ethic and ability to make smart financial choices led him to be rapidly promoted to the acting Chief of Staff.
He worked directly under Richard Gnodde.
He worked on some key projects for Goldman Sachs in his time in this role and was eventually promoted to co-president of the company’s Singapore division.
Leissner worked in this role for over ten years, continually working to better Goldman Sachs’s interests in the region.
He was promoted to Chairman of the South-East Asia arm of Goldman Sachs in 2014.
Leissner’s career was going from strength to strength until 2018, when he was outed as a fraudster involved in the 1MDB fraud. It came to light that Leissner had helped arrange &6.5 billion in loans for the Malaysians development fund 1MDB.
He and his conspirators later ransacked the funds and used them to fund their wealthy lifestyles.
Leissner pleaded guilty to the charges against him in 2018.
Goldman Sachs is still losing money from the fraud, having to pay over $1 billion USD in 2021 to Malaysia.
This is because Leissner worked for them at the time and was aware that the 1MDB fund was a product of Malaysian financier Jho Low.
It is alleged that Leissner stole $200 million from the scandal personally.
Leissner can no longer work in the industry, receiving a lifetime ban due to the fallout from the 1MDB scandal.
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Wife
Leissner was married to Judy Chan, but the couple divorced due to personal differences.
Tim Leissner married Kimora Lee Simmons, an actress, and fashion designer, in 2014.
@Getty
She gave birth to their son Wolfe Lee Leissner in 2015.
Children
Tim Leissner is the father of Wolfe Lee Leissner. He is the stepfather of his wife’s four other children from her previous relationships.
He has kept details about his family out of the public eye.
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@Getty
Tim Leissner – Net Worth 2024
So, how much is Tim Leissner worth? Most of Leissner’s wealth is stemming from his successful career as a banker. Therefore, German-born investment banker Tim Leissner has an estimated net worth of $25 million.
However, it has been alleged that he was involved in a major fraud, the 1MDB scandal.
He is alleged to have stolen $200 million.
He was ordered to pay back over $47 million in 2018 when he pleaded guilty to the charges against him.
Where is Leissner now?
In 2022, Tim Leissner was allowed to change his bail terms and relocate, according to US District Judge Margo Brodie in Brooklyn, New York. The specific location mentioned is Texas. In 2023, Leissner was ordered to forfeit 3.3 million shares of the fitness drink company Celsius Holdings as well as $43.7 million in cash.
Due to his involvement in this scandal, he is not active on any social media profiles.
There is little information available on his current projects and earnings due to the investigation.
However, his wife, Kimora, has a very high net worth of $150 million plus. Some sources state her net worth is as high as $200 million.
She is very active on social media and regularly posts sponsored content, netting good income for the family.
She posts a lot of pictures of her children on her Instagram, but not a lot of her husband.
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