Russell Simmons Net Worth

Who is Russell Simmons and what is his net worth 2018? Russell Simmons is an entrepreneur who is serving as the CEO and Chairman of Rush Communications. He is also an author and producer. He is the co-founder of ‘Def Jam Recordings’, a hip hop music label. Apart from that, he is also the creator of fashion lines Tantris, Argyleculture, and Phat Farm. Simmons is an activist and has been awarded the PETA Humanitarian Award in 2011.

He practices vegetarianism and transcendental meditation. In 2017, he was named as the ‘200 Most Influential Social-Entrepreneurs and Philanthropists Worldwide’. He was awarded an Honorary Doctorate Degree in Humane Letters by Claremont Lincoln University in 2014.

Russell Simmons Net Worth

Russell Wendell Simmons was born in Queens, New York on October 4, 1957. He was born to parents Evelyn Simmons and Daniel Simmons, Sr. His father used to work as a public school administrator and his mother was a park administrator in New York City. His brothers are Daniel Simmons Jr., a painter, and Rev Run, a founding member of Run-DMC. He was raised in Queens in New York.

He went to August Martin High School and completed his graduation in 1975. He then joined the City College of New York where he was influenced by the hip hop phenomenon. He decided to make hip hop his career after seeing Eddie Cheeba perform at Harlem in 1977. He dropped out of college and began to promote musicians like Kurtis Blow and Run – DMC.

In 1992, Russell Simmons met model Kimora Lee and got married to her in December 1998. Together they have two daughters named Ming Lee and Aoki Lee. In 2006, he announced that he is getting divorced from his wife. He has been hailed as the pioneer of hip-hop.

In 1983, he co-founded ‘Def Jam’ with Rick Rubin. In 1985, he starred and co-produced the movie ‘Krush Groove’. His company Rush Communications Inc. has over 10 businesses of which 3 are non-profitable. He also co-produced the TV hit ‘Def Comedy Jam’ and ‘Def Poetry Jam’ on HBO.

In 1996, he became the co-producer of the hit film ‘The Nutty Professor’ which starred Eddie Murphy. In the year 2003, he co-founded RushCard which was a prepaid debit card provider. His company Def Jam has released hip hop albums of several artists. By 1988, his company had become one of the most popular hip hop labels of the time. In 1992, he founded the fashion label ‘Phat Farm’.

Following the success of the company he then launched ‘Baby Phat’. A share of his company Def Jam was bought by Universal Music group in 1999 and it was renamed as The Island Def Jam Music Group. In 2011, he published the book entitled ‘Super Rich: A Guide to Having It All’. The book contained a mixture of street smartness and spiritual wisdom.

Russell Simmons was bestowed with the Person of the Year Award in 2011. He won the 2009 NAACP Image Award for ‘Excellence in media’. In 2013, he won the PGA Visionary Vanguard Awards and has won the GLAAD Media Awards in 2011. He also won the 2008 BET Award and was the receiver of the 2003 Tony Award for ‘Best Special Theatrical Event’.

Russell Simmons Net Worth

Russell Simmons is known as hip hop mogul. In his career, he has produced several records for various artists and has also successfully produced movies and TV shows. By doing so, he has gone to accumulate good fortune for himself. Russell Simmons’s net worth is an estimated $350 million.

He owes this fortune to all the ventures he has indulged with. He has also created several fashion lines and owns more than 10 businesses. He has written several books in his career which has been a blend of entertainment and spiritual beliefs. In 2002, he became the chairman of Foundation for Ethnic Understanding.

Russell Simmons is an activist and supports various causes. He actively supports gay rights and advocates ahimsa and yoga. He considers himself as a Christian Yogi. He follows veganism since 1999 and is a follower of Farm Sanctuary. He was appointed as the United Nations Goodwill Ambassador in 2009 for the UN Slavery Memorial.