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Jessica Simpson Bought Her Own Engagement Ring — Find Out Why!

Tue, November 16, 2010 5:49pm EDT by HL Intern 3 Comments

Jessica Simpson may be over the moon about getting married again, but instead of giving all the credit to fiancee’ Eric Johnson, she should really be thanking herself for her ruby and diamond engagement ring!

While Jessica Simpson may see her beau of six months Eric Johnson as the ultimate catch, he has been unemployed for over a year. He is a business school drop out and even though he used to play in the NFL, he spent multiple seasons out with injuries before finally being released from the New Orleans Saints in 2008. With no income, there is no way he paid for his bride-to-be’s Neil Lane $250,000 ruby sparkler — Jessica is the one who splurged!

“Jessica is worth over $100 million and her brand is bigger than ever,” Rob Shuter at Popeater tells “She has sold more shoes and apparel than records and movies tickets and this business has changed her life financially from being a wealthy woman to being a ridiculously wealthy woman. “

However, being the bread winner is a new role for Jess. When she was married to Nick Lachey, he was the one with the successful music career and big paychecks to spoil her with Louis Vuitton handbags and exotic vacations. Her other exes,  John Mayer and Tony Romo, are both worth millions themselves…so is Jess feeling put out her freeloadng future hubby?

Not at all! Jess (who is famously against pre-nups) has never seemed to care much about money, rarely checking price tags or bank accounts. When she falls head over heels, she spares no expense.

“She is the most generous person financially you’ll ever meet,” Shuter says. “If you go to dinner with her, she picks up the tab. If Jessica sees a ring she likes, she buys it.”

Shuter says Jessica and Eric found the ring together, but it seems like Jess knew what she was doing by announcing her engagement just days after her ex Nick announced his plans to marry girlfriend of four years Vanessa Minnillo.

“She is very aware of what Nick is doing, there is competitiveness between the two of them,” Shuter admits.

Ladies, would YOU be ok buying your own engagement ring?

–Ashley Joy Parker, with reporting by Chloe Melas