Russell Simmons Net Worth OverviewRussell 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 ’80s. 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 the hip-hop's 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 LifeSimmons now 59 was born in Queens, New York. He married the 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?
- 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 advice 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.
ConclusionRussel 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 the Huffington Post and chief editor of GlobalGrind.com. His Saddle River home is worth $20 million. He 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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