Russell Simmons net worth

Russell Simmons net worth

Net Worth: $5 Million

About Russell Simmons

Russell Simmons net worth

Russell Wendell Simmons is a business magnate from the United States of America. He is a co-founder (together with Rick Rubin) of one of the first hip- hop recording companies, Def Jam. He is also a creator of popular fashion lines American Classic, Argyleculture and Phat Farm. Russell Simmons net worth is currently estimated at $340 million, making him one of the wealthiest men in hip-hop music industry.
Russell was born in 1957 to Daniel and Evelyn Simmons. The couple raised three famous sons. Their first son Daniel Simmons Jr. is an expressionist painter and a co-founder of Rush Philanthropic Arts Foundation, which attempts to provide access to arts for the talented, yet disadvantaged youth. Russell’s younger brother, Joseph Ward Simmons, is known for every hip-hop fan in the world by the stage name Rev. Run. He is a member of a hip-hop band Run-D.M.C., the first band in this music genre to be awarded with Grammy and to receive a platinum certification from RIAA. Although Russell Simmons net worth is considerably higher, his younger brother is not so poor himself. Rev. Run has a net worth of $70 million.

Russell and Rick released first records under the Def Jam Recordings label in 1984. It was “I Need a Beet” by LL Cool and “Rock Hard” by Beasty boys. As you might now, both singles became a great success and helped to promote the new-born company. Soon such best-selling artists like LL Cool J, Public Enemy and EPMD were signed. The sales of their records helped to add noticeable sums to Russell Simmons net worth. Simmons sold his stake of the recording company in 1996 and went on with other business projects. Eventually he developed the whole corporation under the name Rush Communications, Inc. It included not only clothing companies mentioned above, but also a management firm, film production house, TV show Def Comedy Jam, advertising agency and a magazine.
However, it looks like Russell Simons net worth did not help him save his marriage. Simmons was married to a model Kimora Lee. The couple met in New York’s fashion week in 1992 and exchanged the rings six years later. In 2000 the first daughter of Russell, Ming Lee was born. Two years later Kimora gave birth to the second girl, Aoki Lee. The whole family lived in a luxurious ten-bedroom mansion in New Jersey, just a couple of minutes away from the house of Russell’s brother Rev. Run. The couple filed for divorce in 2009, for undeclared reasons. Russell and Kimora maintain friendly relationships and work together on their fashion lines. Russell has already moved on with his life and is currently dating Hana Nitsche, a German model.

Now you have an idea why Russell Simmons net worth is this huge

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