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Russell Simmons Net Worth 2020


Facts of Russell Simmons Networth

Full NameRussell Simmons
First NameRussell
Last NameSimmons
Birth NameRussel Simmons
ProfessionRecord Producer
Birth CityQueens
Birth CountryUSA
Father NameDaniel Simmons
Mother NameEvelyn Simmons
Gender IdentityMale
Sexual Orientationstraight
Marital StatusMarried
SpouseKimora Lee
No Of Children2
Height176 cm
Facebook Profile
Twitter Profile
Insta Profile
Wiki Profile
Date of BirthOctober 4,1957
Age62 years
Married DateDecember 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, as of 2020, as per Celebrity Net Worth.     

His main company, Rush Communications, includes over 10 businesses and 3 non-profit organizations.

Russel Simmons on Def Jam Recordings

He has also produced many movies including the following: 

MoviesBudgetBox Office
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/an/a
Life After Death Rown/an/a

After Rubin sold his shares to Universal Music Company, Russell has produced massive artists like:

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,"

Russell Simmons' $19 million House in LA
Russell Simmons' House in LA

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. 

Sex Accusations

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. 

Russell Simmons and his wife Kimora Lee
Russell Simmons and his wife Kimora 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. 

Updated On Sun Apr 26 2020 Published On Thu Aug 29 2019 By Sparsh