Nicole Richie is determined to live up to her famous last name. The Fashion Star mentor, 31, whose fortune is estimated at around $35 million thanks to her reality shows and fashion empire, wants even more. “She wants to be a billionaire by the time she turns 40,” says an inside member of her business team.
Nicole, who married Good Charlotte frontman Joel Madden, 33, in December 2010, isn’t relying on her husband to make it happen. “Joel isn’t nearly as ambitious,” says the insider. “His rock star days are behind him.” After reaching her goal, Nicole hopes to retire and become a full-time parent to her two children, Harlow, 5, and Sparrow, 3.
“The kids won’t even be in high school,” says the source. “They can travel and put their money to good use around the world.” Ah, the simple life!