Russell Simmons is a music mogul, businessman, and fashion icon that is most famously known for founding iconic urban fashion line Phat Farm and Def Jam Records (co-founded).
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2. Income & Salary
Simmons was born October 4th, 1957 to a working middle class family in Queens, New York. Both his parents worked for different branches of the State and from a young age they observed Russell exhibiting both an Entrepreneurial spirit and a flare for hip hop and fashion. I’m sure they didn’t know back then that those passions would grow to make Russell Simmon’s net worth a whopping $325 million as of the time of this writing.
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3. Estimated Net Worth
Russell and his family had music in their blood from the start. His brother is Reverend Run, of revolutionary hip hop group Run DMC and was a huge influence when it came to Russell co-founding Def Jam Recordings in 1983.
Simmons pioneered a fresh, new brand of hip hop with Def Jam which catapulted him to success practically overnight. Russell went on to be a triple threat in the hip hop, fashion, and business climate in the 1990’s when he opened the doors to the famous hip hop inspired fashion line, Phat Farm in 1992.Russell may have started slaving away at Phat Farm in a tiny Manhattan Showroom, but after putting in over two decades of blood, sweat and tears, it is now a multi-million dollar globally recognized corporation. The urban men’s clothing company has reached such a pinnacle of success that Russell was able to co-found a sister company in 1998 with then wife, model Kimora Lee called Baby Phat which was a continuation of the line made for women. Although Kimora and Russell divorced in 2006, they still continue to amicably make millions together as business partners today.
How much is Russell Simmon’s Net Worth? $325 Million!
https://www.youtube.com/watch?v=YrhX6NUau3gVideo Transcript:Russell Simmons is a famous American entrepreneur, fashion designer, film producer, business person, television producer, actor, and screenwriter. His full name is Russell Wendell Simmons. He was born on October 4, 1957 in Queens, New York. He is the co-founder of Def Jam Record label and Phat Farm. He was married to Kimora Lee. Their marriage lasted from 1998 to 2006. They have 2 children. Their names are Ming Lee (born 2000) and Aoki Lee (born 2002). Simmons started dating actress Shannon Elizabeth in 2014.Russell Simmons is one of the wealthiest entrepreneurs in the world, thanks to his involvement with Def Jam Records, Rush Communications, and Phat Farm. Simmons is responsible for bringing Hip Hop to the public eye in a commercial way. He produced the Hip Hop film, Krush Grove, back in 1985. He is also responsible for producing HBO’s Def Comedy Jam. He also founded a magazine and advertising agency. Simmonds an Internet start up called 360 and sold it to BET. He also has television credit and starred in his own reality show. Claremont Lincoln University awarded Simmons an Honorary Doctorate Degree in Humane Letters for his work as chairman with the Foundation For Ethnic Understanding.Clearly, Russell Simmons was an important force in the recognition of the Hip Hop culture. Today, the hip hop mogul is estimated to have a net worth of $325 million.Video Credit: AlphaLife.me on YouTubehttps://www.youtube.com/watch?v=YrhX6NUau3g