Net Worth

Russell Simmons Net Worth 2023: Veteran of the music industry with an immense wealth 

Russell Simmons is an American entrepreneur who has a net worth of over $400 million. He is also a record manager and producer. Simmons is best known for being the co-founder of hip-hop music label Def Jam Recordings. He is also the co-founder of the clothing lines Tantris, Argyleculture and Phat Farm.

He has been a successful name in the music industry for decades. Over time, he expanded his business into various fields including fashion, finance, etc. He is also known for his social engagement, fighting for animal rights, gay rights, marriage equality, etc. More interesting details can be found in this article. about the life of Russell Simmons.

An Introduction to Russell Simmons

Surname Russell Simmons
Old 65 years
Profession Entrepreneur, record manager and author
active years 1984 to present
nationality American
Known for Co-founder of Def Jam Recordings

Russell Simmons Income, Earnings and Financial Situation

Simmons is one of the top entrepreneurs in the music industry. He co-founded Def Jam in 1984 and has made big bucks since then. To further increase his fortune, he launched the Phat Fashion clothing line in 1992.

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This clothing line includes brands such as Phat Farm and Baby Phat. In 2004, he sold his stake in Phat Farm & Baby Farm to the Kellwood Company for $140 million. Through Def Jam, Simmons helped launch the careers of many legendary artists such as LL Cool J, Jay-Z, etc. His annual income is reportedly around $40 million. One of the best things about Simmons is that he enjoys giving back to society through his community involvement.

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information about richest actor in the world

Biography of Russell Simmons

Russell Wendell Simmons was born on October 4the, 1957 in Queens, NY. He grew up in a middle class family. His father was a public school administrator. On the other hand, his mother was a parks administrator for the New York City Department of Parks and Recreation. Simmons has two brothers named Daniel Simmons Jr. and Joseph Simmons. Daniel is a painter and Joseph Simmons is a member of the Hip-Hop Run-DMC Club.

He graduated from August Martin High School in 1975. He then briefly attended the City College of New York in Harlem. There he met DJ/Bboy (Kurt Walker), who introduced him to the world of hip-hop. When he saw Eddie Cheeba perform in 1977, he was determined to join the hip-hop scene. Russell formed Def Jam with Rick Rubin in 1984. He has previously worked with several top artists including Kanye West, DMX, Public Enemy etc.

Full name Russell Wendell Simmons
birth date 4th of Octobere 1957
Place of birth Queens, New York, USA
Gender Masculine
Father Daniel Simmons
Mother Evelyn Simon
Siblings 2 brothers
brothers Daniel Simmons Jr and Joseph Simmons
School August-Martin-Gymnasium
University New York City College
religion Christianity
Star sign balance
Height 5 feet 9 inches (177 cm)
lester 84 kg (185 pounds)
eye color Black
Hair color Black
Marital status divorce
Ex wife Kimora Lee Perkins
Children 2 girls
Girl Ming Lee Simmons and Aoki Lee Simmons
eating habits vegan

ex-wife and daughters

Russell Simmons was married to Kimora Lee from 1998 to 2009. Kimora is a model and fashion designer who has worked with big brands like Chanel. After divorcing Russell Simmons, she married Tim Leissner in 2014. Russell Simmons and Kimora Lee have two daughters together.

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The girls are named Ming Lee Simmons (born January 2000) and Aoki Lee Simmons (born August 2002). Aoki is a part-time model and a Harvard graduate. Ming Lee Simmons is an internet personality.

Social Activism and Faith

Russell Simmons is known not only for his contributions to the music industry, but also for his community involvement and beliefs. He has been vegan since 1999. In addition, he is a passionate advocate for animal rights. In addition, Simmons practices Jivamukti Yoga and has long practiced Transcendental Meditation (TM).

In numerous interviews, Russell Simmons has identified himself as a Christian yogi who believes in the power of meditation. He also said that he respects all religions and beliefs. Simmons credits his spiritual practices with giving him stability and focus in this chaotic world.

awards and recognition

Russell Simmons is often recognized for his humanitarian efforts. In 2001 he received the People’s PETA Humanitarian Award for the ethical treatment of animals. The purpose of this award was to recognize his efforts/commitment to animal welfare and a vegan lifestyle.

In 2011, Simmons was recognized again by PETA. The organization named him Person of the Year. This award was given to him for his continued work in promoting/supporting animal rights and his efforts to raise awareness of the benefits of a plant-based diet. Simmons was a strong advocate of human and animal welfare. He used his platforms to draw attention to important social issues.

Accommodation

Russell Simmons recently sold his former Saddle River mansion for around $18 million. This mansion was listed for $18.99 million. After selling his old mansion, Simmons bought a new home in the Hollywood Hills.

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This new home features five bedrooms and 6,000 square feet of living space with a Mediterranean architecture. The house is in a privileged location and offers a breathtaking view of the city. This house is closer to where his daughter lives with her ex-wife Kimora Lee. When asked about this house, Russell Simmons said he loves this house because he found peace there. In addition, it lends itself perfectly to his yoga sessions.

Russell Simmons’ career path

Check out the timeline below to see Russell Simmons’ journey.

  • 1984 – Co-founded Def Jam
  • 1985 – Co-produced and appeared in the film Krush Groove.
  • 1992 – Phat Fashions LLC apparel line launched
  • 1996 – Co-produced the hit film The Nutty Professor with Eddie Murphy
  • 1997 – Co-produced the Def Jam film “How to Be a Player” with Bill Bellamy
  • 2002 – Becomes Chairman of the Board of Directors of the Foundation for Ethnic Understanding
  • 2003 – Co-founder of RushCard (a prepaid debit card provider)
  • 2004 – Sale of Phat Farm and Baby Phat to Kellwood Company
  • 2004 – Founded musical group Russell Simmons (RSMG)
  • 2009 – Became a Goodwill Ambassador for the United Nations Slavery Memorial to the United Nations
  • 2011 – Second Jewish-Muslim Conference approved.
  • 2022 – Becomes Senior Advisor to vegan burger brand Everything Legendary.

Social Media Accounts

Instagram instagram.com/unclerush
Twitter twitter.com/UncleRUSH
Facebook facebook.com/RussellSimmons/

frequently asked Questions

What is Russell Simmons’ net worth in 2023?

In 2023, Russell Simmons net worth is around $400 million.

Was Russell Simmons involved in any controversy?

He has been embroiled in numerous controversies, including allegations of sexual assault and misconduct. However, he denied all of these allegations.

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Is Russell Simmons vegan?

Yes, he is vegan.

What books did Russell Simmons write?

He has written several books including Success Through Stillness: Meditation, Super Rich: A Guide to have it all, Russell Simmons’ Laws of Success, The Happy Vegan, Eat to Live: A Post- Pandemic Lifestyle” etc.

Post by: Findy

category by: Net Worth

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