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Russell Simmons Net Worth - How Much is Russell Simmons Worth?

russell simmons net worth

Russell Simmons Net Worth - $350 Million

Russell Simmons is an American entrepreneur, TV producer and author. He founded Phat Farm and Def Jam Records. His estimated net worth is $350 million.
Russell Simmons co-founded Def Jam Records with Rick Rubin in the early 80’s. Together Russell and Rubin are the force behind the rise of hip hop culture.
Russell Simmons effective marketing and entrepreneurial skills so hip hop rapidly grow on mainstream media. Some of hip hops most influential stars signed to the label include LL Cool J, Jazzy Jay, Beastie Boys, Public Enemy among others.
Rubin however sold his company shares to Universal Music Group in 1996 for $120 million.

Russell Simmons Family Life

Simmons now 59 was born in Queens, New York. He married famous model Kimora Lee in 1998 and together they were blessed with two kids; Ming Lee and Aoki Lee. They however divorced in 2006.
Russell’s ventures in the fashion industry have brought him great wealth. Having started out with Phat Farm, Simmons has also introduced two more fashion lines; Argyleculture and American Classics.
Russell Simmons is also an environmental and social activist. Being a vegetarian, Russel does not consume animal products. He has teamed up with animal rights organization Farm Sanctuary to help end animal cruelty.

How Much is Russell Simmons Worth?

Russell Simmons
Russell sold his shares for both Def Jam and Phat Farm in 2010 for $100 million each. He now runs Rush Communications, a holding company for his other investments. Some of his other investments include:

  • Simmons American Design Group – Focuses on fashion for Wal-Mart, Li & Fung and Macy’s.
  • UniRush Financial, Inc that offers debit and credit cards for low and middle income persons.
  • Simmons Lathan Media Group focuses on hip hop music and urban content.

Russell Simmons is also the author of Super Rich: A Guide to Having It All. In this book he covers effective business fundraising methods as well as restructuring models during tough times. His advise to you is

  • Do a business you believe in
  • Be passionate about what you do
  • Stay on your hustle, don’t quit.
  • Give away your business products and services for free
  • Find businesses that lift people up
  • Don't worry about the results.

Russell Simmons Accolades 

Russel was announced winner of Humanitarian Award at the People for the Ethical Treatment of Animals (PETA) in 2011.
He was also ranked number 1 social change agent in Movers, Shakers, and Tastemakers in the Jewelry Industry list of jewelry magazine JCK in 2012.
Russell Simmons is also a contributor on Huffington Post and chief editor of GlobalGrind.com. His Saddle River home is worth $20 million. His has been unable to find a buyer for his Lower Manhattan home valued at $11 million. Its true, massive success has attracted high Russell Simmons net worth.
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