Facts of Russell Simmons Networth
|Full Name||Russell Simmons|
|Birth Name||Russel Simmons|
|Father Name||Daniel Simmons|
|Mother Name||Evelyn Simmons|
|No Of Children||2|
|Date of Birth||October 4,1957|
|Married Date||December 20,1998|
American Entrepreneur Russell Simmons' Net Worth
Russell Simmons is an American Entrepreneur, Record Executive, Writer and Film Producer with a net worth of around $340 million. He is the chairman and CEO of Rush Communications, co-founder of the hip-hop label, Def Jam Recordings, and creator of the clothing fashion lines Phat Farm, Argyleculture and Tantris.
He has also been a subject of much controversy and has had sexual allegations against him from various women.
Net Worth Details: Career And Income
Simmons began his recording career in 1983 along with Rick Rubin. Since then, he has been a part of many companies in various fields, lending to his massive net worth of $340 million.
His main company, Rush Communications, includes over 10 businesses and 3 non-profit organizations.
He has also produced many movies including the following:
|Krush Groove||$3 million||$11 million|
|The Nutty Professor||$54 million||$274 million|
|How to Be A Player||$12 million||$14 million|
|The after Party (Netflix)||n/a||n/a|
|Life After Death Row||n/a||n/a|
After Rubin sold his shares to Universal Music Company, Russell has produced massive artists like:
- Rihanna ($600 million)
- Jay-Z ($1 Billion)
- Kanye West ($250 million)
- Justin Bieber ($265 million)
- Mariah Carey ($520 million)
- Lady Gaga ($300 million)
- Logic ($14 million)
Phat Farm, one of his clothing companies had already earned a profit of $265 million by 2002. He sold the company to the Kellwood Company in 2004 for $140 million.
Assets: House And Cars
Russell Simmons had bought a property in LA for $5.88 million in 2013. He has now listed the property for $8.25 million. The home sits on the sunset strip area and spans an area of 6,085 square feet. The house includes 5 bedrooms, 6.5 bathrooms, a detached guest suite, and Buddha statues.
About the house he said,
"This house is designed to help me in my quest for inner peace. That’s why it has images of the pursuit of self-realization,"
Considering Russell’s net worth, he probably drives many expensive cars but has only been spotted with a Mini Cooper.
Simmons and his brothers founded the Rush Philanthropic Arts Foundation in 1995. The purpose of the foundation is to provide art education and support to underprivileged black youths by providing exhibition opportunities. The gallery serves about 3000 students annually and maintains two galleries. He has also donated from his own personal earnings to various causes and charity.
He has been a vegan since 1999 and advocates non-violence against all forms of life, known in Sanskrit as ahimsa. He was awarded PETA humanitarian award in 2001 and the 2011 Person of The Year award.
Controversies And Accusations
In August of 2013, Simmons launched a parody video of Harriet Tubman named “Harriet Tubman Sex Tape” which showed Harriett Tubman having s** with her slave owner with the intent of filming the act and blackmailing him to work on the underground railroad.
He got much attention and backlash for the video and many of his own associates were offended. He commented on the backlash,
"I'm a very liberal person with thick skin. My first impression of the Harriet Tubman piece was that it was about what one of the actors said in the video, that 162 years later, there's still tremendous injustice, and with Harriet Tubman outwitting the slave master? I thought it was politically correct. Silly me. I can now understand why so many people are upset. I would never condone violence against women in any form, and for all of those I offended, I am sincerely sorry."
Despite the backlash and apology, the video is still available online on Youtube.
After model Keri Claussen Khalighi accused Simmons in 2017 of sexually assaulting her in 1991, many people along with Terry Crews have accused him of sexual harassment. The women include:
- Kelly Cutrone
- Luann de Lesseps
- Lisa Kirk
- Toni Sallie
- Amanda Seales
- Natashia Williams
He has also been accused of rape by the following women:
- Tina Baker
- Drew Dixon
- Sherri Hines
- Jennifer Jarosik
- Jenny Lumet
Following the accusations, Russell stepped down from his roles in the label Def Jam Records, his yoga lifestyle brand, CNN Money, and other media properties.
Personal Life Of Russell Simmons
Russell Simmons was born on October 4, 1957, in Hollis, Queens to parents Daniel and Evelyn Simmons. Among siblings Daniel and Joseph. He attended August Martin High School and graduated from City College of New York. He met young DJ Kurt Walker who influenced him to participate in hip hop phenomenon.
Relationships And Kids
Simmons and former wife, model Kimora Lee met on November 1992 and married on December 20, 1998. They have two daughters together; Ming Lee and Aoki Lee.
In March 2006, the couple announced that they had separated and they officially divorced two years later.
Age & Height
Russell Simmons is 61 years of age and has a height of 176 cm or 5 feet 9 inches.