Richards was engaged to commodities salesman John J. Collett, a central figure in a criminal scheme involving 8,000 elderly investors and nearly $150 million in losses. On October 28, 1991, he was murdered outside Brent's Deli in Northridge. He was shot twice in the head at point-blank range by a hit man who had been paid $30,000. He was speaking with Kim on the phone when the shooting occurred. Richards spoke about Collett's murder on an episode of "The Real Housewives of Beverly Hills". Later, she was in a long-term relationship with aircraft-parts supplier John Jackson. She gave birth to their daughter, Kimberly Jackson, in 1995.