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As of June 2024, Russell Simmons’ net worth is approximately $340 Million. Russell Simmons is an American record producer and entrepreneur. He is one of the top 25 most influential people of the past 25 years.
- Emmy Wallin
- What Is Russell Simmons' Net Worth and Salary?
- Is Russell Simmons Broke?
- Early Life
- Early Career
- Breakthrough
- Expanding His Media Influence
- Clothing Lines
- Further Business Ventures
- Veganism
- Sexual Assault Allegations
Russell Simmons is an American record executive and entrepreneur who has a net worth of $10 million. Russell Simmons is probably best known for co-founding Def Jam Recordings, the record label that would popularize many early rap artists. Russell co-founded the label with Rick Rubin in 1984. Mr. Rubin had recently started a record label from his co...
In June 2023, Russell's daughter Aoki Simmons posted a series of screenshotted Whatsapp conversations with her father to Instagram, several of which seemed to imply that he was "broke," had lost an enormous amount of money to his ex-wife, and was generally experiencing some sort of financial problems. If true, this would be an unbelievable financia...
Russell Simmons was born in the Queens borough of New York on October 4th, 1957. He was raised in Maryland by his father, a public school administrator, and his mother, a parks administrator. Simmons has stated that during his upbringing, drug use was widespread in his neighborhood. He became involved in the criminal lifestyle that surrounded the d...
Russell Simmons connected with Kurt Walker to create a single called "Christmas Rappin." Through shrewd promoting decisions, Russell Simmons managed to negotiate a record deal through the label Blow. After the single sold 500,000 copies, Simmons dropped out of college to fully pursue opportunities in music. Simmons' younger brother, Joseph, was als...
Although LL Cool J helped Def Jam take its first steps toward success, later signings proved to be even more profitable. The Beastie Boys became a worldwide phenomenon when they released Licensed to Illthrough Def Jam. After many other major success stories, Rick Rubin left the label in 1988. Six years later, Rusell Simmons sold half of the label t...
Even before the sale of Def Jam Records, Simmons was expanding his media influence. He started a production company called Simmons Lathan Media Group and helped create shows like The Def Comedy Jam. He also established Rush Communications, Inc. This conglomerate contains ten businesses and three non-profit organizations. Through Rush Communications...
Russell Simmons started three clothing lines: Phat Farm, ArgyleCulture, and Tantris. Phat Farm became immensely popular as a result of the growing hip-hop movement and was sold to Kenwood in 2004 for $140 million. ArgyleCulture was aimed at millennial men, while Tantris focused on yoga apparel.
In 2013, Russell Simmons founded Unirush LLC, a company that provided pre-paid debit cards to low-income individuals. In 2017, this company was sold to the Green Dot Corporation for $147 million. Rush Communications became involved in a vast range of other business ventures, including energy drink companies, websites, and book publishing. Russell u...
In 1999, Russell Simmons became a vegan. He is outspoken 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.
In 2017, a model named Keri Claussen Khalighi accused Russell Simmons of raping her in 1991. Khalighi was 17 at that time. This was the first of many allegations that were eventually aimed at Simmons. Writer Jenny Lumet, daughter of Sidney Lumet, also accused Russell Simmons of raping her, again pointing to an incident in 1991. This time, Simmons s...
- Celebrity Net Worth
Jun 20, 2023 · As of 2023, the entrepreneur has an estimated net worth of $350 million, according to multiple reports. How Does Russell Simmons Make Money? Russell co-founded Def Jam Records with Rick Rubin...
- Jessica Stopper
Simmons' net worth was estimated at $340 million in 2011. After producing or managing artists such as Kurtis Blow, Run DMC, Whodini, and Jimmy Spicer, Simmons joined forces with producer Rick Rubin to found Def Jam Recordings.
Dec 15, 2023 · Record executive and entrepreneur Russel Simmons has an estimated net worth of $10 million as of December 2023, according to Celebrity Net Worth. However, several reports continue to peg his...
- 4 October 1957
- $10 million
- Russel Simmons
- Music, Business Ventures
Nov 28, 2022 · His optimism has seen Russell Simmons’s net worth grow into an empire worth $340 million. Of course, the start was bumpy, but persistence paid off, so check out how he achieved the millions, and maybe you might be motivated to make yours too.
Apr 2, 2014 · Russell Simmons' brother is Rev. Run from Run D.M.C. As of 2017 Russell Simmons' net worth is around $325 million. Occupations; Entrepreneur; Fact Check
