Russell Simmons Net Worth
Table of Contents
- Table: Russell Simmons’ Net Worth
- What is Russell Simmons’ Net Worth?
- Highlights
- Early Life
- Career
- Personal Life
- Net Worth Over Time
- Components of Net Worth
Table: Russell Simmons’ Net Worth
| Category | Value |
|---|---|
| Net Worth | $10 Million |
| Salary | N/A |
| Birthdate | Oct 4, 1957 (66 years old) |
| Birthplace | Queens |
| Gender | Male |
| Height | 5 ft 9 in (1.765 m) |
| Profession | Fashion designer, Film Producer, Entrepreneur, Businessperson, Television producer, Actor, Screenwriter |
| Nationality | United States of America |
What is Russell Simmons’ Net Worth?
Russell Simmons is an American record executive and entrepreneur with a net worth of $10 million. He is best known for co-founding Def Jam Recordings, a record label that played a significant role in popularizing early rap artists. Simmons sold his portion of Def Jam Recordings to Universal Music Group for $120 million. He also launched successful clothing lines, production companies, and websites through his company Rush Communications, Inc.
Highlights
– Russell Simmons has a net worth of $10 million.
– He co-founded Def Jam Recordings, a label that popularized early rap artists.
– Simmons sold his portion of Def Jam Recordings to Universal Music Group for $120 million.
– He launched successful clothing lines, including Phat Farm, Argyleculture, and Tantris.
– Simmons founded Rush Communications, Inc., a conglomerate of businesses and non-profit organizations.
– He has been involved in various media ventures and published self-help books.
– Simmons is an advocate for veganism and animal rights.
– He has been accused of sexual misconduct and assault by multiple women.
Early Life
Russell Simmons was born in Queens, New York, on October 4, 1957. Raised in Maryland, his neighborhood was plagued by drug use and crime. Simmons became involved in the criminal lifestyle and drugs at a young age. After one of his fellow gang members was murdered, he decided to focus on his education and enrolled at the City College of New York.
Career
Simmons started his career by creating a single called “Christmas Rappin'” with Kurt Walker. The single’s success led him to negotiate a record deal and drop out of college to pursue opportunities in music. He helped produce tracks for his younger brother’s group, which eventually became Run-DMC.
In 1984, Simmons met producer Rick Rubin and joined forces to co-found Def Jam Recordings. The label gained success with the release of LL Cool J’s first record and later signed artists like the Beastie Boys. Simmons expanded his media influence by starting production companies and co-producing films.
Personal Life
In 1998, Russell Simmons married Kimora Lee and had two daughters. They divorced in 2008, and Simmons paid an undisclosed settlement to separate their assets. He has been involved in various real estate transactions, including selling his Manhattan penthouse and purchasing a home in Los Angeles.
Net Worth Over Time
Russell Simmons’ net worth has fluctuated over the years. He sold his portion of Def Jam Recordings for a significant sum, but allegations of sexual misconduct and assault have affected his personal and professional life. These allegations, along with his involvement in various businesses, ventures, and real estate, have influenced his net worth.
Components of Net Worth
Russell Simmons’ net worth consists of his investments, ownership in businesses, real estate holdings, and the sale of his portion of Def Jam Recordings. He has also generated income from clothing lines, production companies, and other media ventures.
Overall, Russell Simmons has had a successful career in the music industry and entrepreneurial ventures, but his net worth has been impacted by controversy in recent years.
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