Tim Leissner biography, marriage, divorce, children, net worth

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<p>Tim Leissner is a former Goldman Sachs banker that is known for being the third husband of supermodel and entrepreneur, <a href="https://en.wikipedia.org/wiki/Kimora_Lee_Simmons">Kimora Lee Simmons</a>. He was considered to be one of Goldman Sachs Group Inc.’s star bankers during his career.</p>

<p>Tim was born in 1971. Although believed to be Russian, Leissner is actually of German and Brazilian descent. Ever since his childhood, Tim had the privilege to enjoy a more luxurious life than others due to his family’s wealthy background. They were more economically well off than the average family. He graduated from Siegen University in 1991 with a Bachelor’s Degree and then pursued his Master’s Degree at the University of Hartford in 1992. Later in 1993, his further interest in his academic studies led him to enroll at the University of Somerset and graduate with a Ph.D.</p>

<h2>Banking Career</h2>

<p>In 1997. Tim joined the Lehman brothers as the head of Mergers and Acquisitions. He represented the Asia Pacific region under the Lehman Brothers. In 1988, he chose to work for Goldman Sachs. At that firm, he was assigned to be an executive director in the mergers & acquisition division. Thanks to his hard-working nature, he got promoted to the acting chief-of-staff to <a href="https://en.wikipedia.org/wiki/Richard_Gnodde">Richard Gnodde</a>. With a unique competitive streak, he didn’t stop there. By the end of 2002, he ascended up the company ranks to become the co-president of the company’s Singapore market. In his final promotion, he won the position of chairman of the Southeast Asia division.</p>

<h2>Marriage and Divorces</h2>

<p>Tim was first married to Judy Chan, the daughter of a Chinese businessman who ran a coal-mining business. According to a colleague from Leissner’s college years who preferred to remain anonymous, the wedding feast included suckling pigs with electric lights flashing in their eye sockets. After divorcing Judy Chan, Tim went on to marry <a href="https://en.wikipedia.org/wiki/Kimora_Lee_Simmons">Kimora Lee Leissner</a>, a model and fashion icon. <a href="https://en.wikipedia.org/wiki/Kimora_Lee_Simmons">Kimora</a> was born in St. Louis, Missouri. Before her famous career, she worked as an administrator for social security. When she turned fourteen, she entered the modeling world. This career path brought her a ton of fame. In 2007, she starred in her own reality show called “Kimora: Life in the Fab Lane”.</p>

<p>In 2010, she paved her own way with a clothing line called Baby Phat and its management company, Kellwood. <a href="https://en.wikipedia.org/wiki/Kimora_Lee_Simmons">Kimora</a> has also appeared in small roles in television shows and films. Her acting career includes <em>Beauty Shop</em>, <em>Brown Sugar,</em> and <em>Waist Deep</em>. Her television fame took her to a level where she was asked to appear in music videos for popular hip hop artists like <a href="https://en.wikipedia.org/wiki/Ginuwine">Ginuwine</a>, <a href="https://en.wikipedia.org/wiki/Usher_(musician)">Usher</a> and Rich Gang.</p>

<p><a href="https://en.wikipedia.org/wiki/Kimora_Lee_Simmons">Kimora</a> has had multiple marriage partners in her life. She has three children total from all of her husbands. Tim’s marriage with <a href="https://en.wikipedia.org/wiki/Kimora_Lee_Simmons">Kimora</a> started in February 2014. After being involved with past dating controversies and gossip, they started their new lives successfully together. <a href="https://en.wikipedia.org/wiki/Kimora_Lee_Simmons">Kimora</a> gave birth in 2015 to a baby boy named Wolfe Lee Leissner. The couple together adds tens of millions to their net worth annually. They had a private wedding that went under the radar. It was <a href="https://en.wikipedia.org/wiki/Russell_Simmons">Russel Simmons</a>, <a href="https://en.wikipedia.org/wiki/Kimora_Lee_Simmons">Kimora</a>’s first <a href="https://en.wikipedia.org/wiki/Russell_Simmons">husband</a> who was <a href="https://en.wikipedia.org/wiki/Russell_Simmons">one</a> of the first to alert the media about the wedding when he tweeted “All of us love @OfficialKimora but the fact is she is happily married. Tim is has been family for a while now.”</p>

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<h2>Money Laundering Controversy</h2>

<p>.Tim had a few allegations that he had to answer to. No one expected it to be the money laundering scam that it turned out to be. The scam involved worldwide famous personalities. In 2019, a reported stated that Tim helped the Malaysian Prime Minister fill his finances with $681 million. This huge sum is said to have been served as a gift from the Saudi Royal Family. Tim was found to be a binding partner among these businessmen. Tim Leissner got ransacked with this controversy by the media. The investigations found an amount of $6.5 billion, raised by Goldman Sachs. It’s had only been a few years since Tim helped the bank soar in Southeast Asia.</p>

<p>“He has to know a lot of people, that’s just the nature of the business,” said Gerry David, president of Celsius Holdings Inc., an energy-drink company that counts Leissner and Hong Kong <a href="https://en.wikipedia.org/wiki/Li_Ka-shing">billionaire</a> <a href="https://en.wikipedia.org/wiki/Li_Ka-shing">Li Ka-shing</a> as investors. “He’s the type of person that I would honestly tell you I would really want as a friend, a personal friend.“At that time we promptly took steps to separate Leissner from the firm and reported the matter to regulatory authorities in several jurisdictions, including Singapore. We continue to cooperate with the MAS,” said Goldman Sachs in an e-mailed statement to Bloomberg concerning the matter.</p>

<p>US officials banned the former Goldman Sachs official from working in the securities business after he conceded to organizing the plundering of billions of dollars from Malaysia's sovereign wealth fund 1MDB. The settlement comes over a year after Tim Leissner conceded paying off high-positioning authorities in Malaysia and Abu Dhabi with the goal that Goldman could win rewarding business from 1MDB. The situation shook the Malaysian political scene and the Wall Street bank. Tim didn't challenge the punishment in arriving at a settlement reported on Dec 16, 2019 by the US Securities and Exchange Commission.</p>

<p>Tim's talented decisions and hardworking nature earned him various positions in global business. Apart from recent controversies, Tim is still believed to have good feelings towards Goldman Sachs. In any case, his professional success cannot be doubted as even the Wall Street Journal has stated that “Leissner has had a great deal of success under Goldman Sachs as their main contact in Malaysia”.</p>

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