"Ashley and Richard broke up," an insider confirmed to Us Weekly. "She wants to focus on her clothing line right now. They're still friends and hang out."
The 30-year-old was first linked to the financier in October 2016.
The pair have since been spotted on many date nights including basketball games and double-dates with Ashley’s twin sister, Mary-Kate Olsen and her husband, Olivier Sarkozy.
See also…