Russell Simmons net worth: $350 Million (approx.)
| Net Worth: | $340 Million (approx.) |
| Age: | 65 years |
| Born: | October 4, 1957 |
| Country of Origin: | United States of America |
| Profession: | Fashion designer, Film Producer, Entrepreneur, Businessperson, Television producer, Actor, Screenwriter |
| Height: | 5 ft 9 in (1.765 m) |
Russell Simmons net worth is around $350 million. Russell Simmons co-founded the legendary record label Def Jam Records and served as the CEO for Rush Communications, Inc.
Simmons has more involvement in the music industry.
In addition to music, Russell Simmons has generated considerable wealth through a range of original clothing lines. Simmons is also an avid writer and has contributed to many well-known publications. Simmons has strong views on subjects such as animal rights and politics.
Russell Simmons Net Worth 2023:
Russell Simmons’ net worth is approximately $350 Million in 2022. Russell Simmons is most popular American record producer and an entrepreneur. Russell Simmons is one of the top 25 most influential people of the past 25 years.
Russell Simmons has played a pivotal role in bringing hip-hop music to the forefront. He is the co-founder of the record label ‘Def Jam’. He has been an influential figure in the genre of hip-hop music.
Russell Simmons House:
There was a martial house of Russell Simmons and model Kimora Lee. But, when the divorce was finalised, they decided to sell this property location the massive house is found at New Jersey accommodation.
Having four acres of land 49,000 square feet home and ten bedrooms .This house is big . There are also indoor and outdoor pools, a wine cellar and even a movie theatre.
Russell Simmons Biography:
Russell Wendell Simmons is an American entrepreneur, producer and author. He Co-Founded Def Jam Records and he’s a Multi-Millionaire.
He is also a CEO, Rush Communications Entrepreneur, author, activist and philanthropist Russell Simmons has launched scores of groundbreaking careers and innovative enterprises in arenas as varied as music, film, television, fashion, comedy, finance and digital platforms.
Simmons’ long-running HBO series “Def Comedy Jam” helped make household names of comics including Jamie Foxx, Chris Tucker, Martin Lawrence, Bernie Mac, Dave Chappell Kevin Hart and JB Smoove Def Poetry Jam they were also on HBO who won a Peabody award.
Early Life
Russell Simmons was born on 4th October in Queens, New York in 1957. Simmons is the son to Daniel Simmons and Evelyn Simmons. Daniel was a public school administrator and Evelyn,his mother worked as a park administrator.
Russell Simmons decided that he should study well in school and enrolled in the City College of New York in Harlem. While he was studying sociology, Russell connected with many pioneers of the hip-hop movement, including Kurt Walker and Eddie Cheeba. Upon hearing Russell decided that he would focus on making hip-hop popular throughout his life.
Russell Simmons Music Career:
Russell Simmons connected more with Kurt Walker and they created “Christmas Rapping.” Through shrewd promoting decisions, Russell Simmons managed to negotiate a record deal through the label Blow. After the single sold 500,000 copies, Simmons is fulfilled about his first achievement and he decided it is the best opportunity in life so he dropped out of college to fully pursue opportunities in music. Russell Simmons’ younger brother, Joseph, was also heavily involved with Simmons to create a bloom in hip-hop movement.
Joseph and his two friends had formed a group, and Russell Simmons helped them produce various tracks and to produce music. Russell Simmons would later help the group, which would eventually become known as Run-DMC, negotiate a record deal.
After One year, Russell Simmons met a producer named Rick Rubin, who had already started Def Jam Records. Russell Simmons was an equal partner, and the two producers helped a 16-year-old and it was the label’s first release. This release ultimately provide a good name for Simmons and Def Jam Records on the map.
Russell Simmons Clothing Business:
Russell Simmons started three clothing lines;
- Phat Farm,
- Argyle Culture, and
- Tantris.
Phat Farm became popular as a result of growing hip-hop movement and he sold it to Kenwood in 2004 for $140 million. Argyle Culture was aimed at millennial men, while Tantris focused on yoga material.
Veganism
Russell Simmons became a vegan in 1999. Russell Simmons spoken about matters related to animal rights and supports various groups that fight to end animal suffering. In 2015, he released a book called The Happy Vegan: A Guide to Living a Long, Healthy, and Successful Life.
Russell Simmons Controversy:
In 2017, a model named Keri Claussen Khalighi accused Russell Simmons of raping her in 1991. This was the first of many allegations that were eventually aimed at Simmons. Writer Jenny Lumet also accused Russell Simmons of raping her, again pointing to an incident in 1991. This time, Simmons popularity has been damaged so he stopped playing a leadership role in all of his businesses.
Before 2017 could come to a close, The Los Angeles Times had published five separate accounts of women who had been the victim of sexual misconduct or sexual assault at the hands of Russell Simmons. The New York Times soon followed with a further four accounts from new women, including more rape allegations.
In the end, a total of 13 women came forward with these allegations. Russell Simmons denied everything, sold his assets, and relocated to Bali. At least one of Russell Simmons accusers suggested that Simmons chose Bali because the nation doesn’t have an extradition treaty with the United States.
Russell Simmons Wife:
Russell Simmons married Kimora Lee in 1998. The couple had two daughters together but divorced in 2008.
Russell Simmons Quotes
THE THING ABOUT HIP-HOP IS THAT IT’S FROM THE UNDERGROUND, IDEAS FROM THE UNDERBELLY, FROM PEOPLE WHO HAVE MOSTLY BEEN LOCKED OUT, WHO HAVE NOT BEEN RECOGNIZED.