Russell Simmons has an estimated net worth of $325 million
Russell Simmons is an American business magnate with an estimated net worth of $325 million. He is 5’9″ and weighs 165 pounds. Russell Simmons was born in Queens, New York on October 4, 1957. After graduating from August Martin High School in 1975, Simmons briefly attended City College of New York in Harlem. He left college to promote musical acts like Kurtis Blow and his brother’s group, Run D.M.C. In 1984, Simmons and Rick Rubin founded Def Jam Recordings. During this time, hip-hop was emerging as a bold new musical genre and Def Jam began signing acts like the Beastie Boys, Public Enemy, LL Cool J, and Run D.M.C. Simmons and Rubin had a vision to build a hip-hop empire, and they did just that.
In 1996, Rick Rubin sold his share of Def Jam to Universal Music Group for $100 million. Simmons, a go-getting entrepreneur created the Rush Communications firm which includes Def Jam, television shows like HBO’s Def Comedy Jam, Phat Farm clothing label, a movie production house, and and advertising agency. In 2000, Simmons started up the internet site 360 Hip Hop which he later sold to BET. Simmons is also majority owner of the popular urban website Global Grind. In 2004, Simmons sold Phat Farm for $140 million.
Russell Simmons married fashion model Kimora Lee Simmons in 1998. The marriage lasted for ten years. They had two daughters during the course of the marriage, Ming and Aoki. Russell Simmons is a vegan and yoga enthusiast. He practices Jivamukti Yoga. He is also very involved in the community and makes time for philanthropy. He is PETA advocate and was named a United Nations Goodwill Ambassador to fight the war on HIV/AIDs and poverty. Russell Simmons has also founded the Rush Philanthropic Organization and the Foundation for Ethnic Understanding.
Russell Simmons has enough net worth to buy:
1. 135,416.6 Foster USA 25-Ohms TH900 Premium Stereo Headphones ($2400 each)
2. 43,333.3 Earthquake Telesto Speakers ($7500 a pair)
3. 18,055,555.5 Dewalt DPG55-11C Clear Anti-Fog Protective Safety Glasses ($18 each)
Russell Simmons has enough net worth to give everyone in the United States of America $1.02.
