How rich is Russell Simmons?

Name: Russell Wendell Simmons

Born: October 4, 1957

Occupation: Entrepreneur, producer, and author

Russell Simmons, fair use

Russell Simmons, fair use

Russell Simmons was born in Queens, New York on October 4, 1957. He is the son of Daniel Simmons, a public school administrator, and Evelyn Simmons, a park administrator. He has two siblings: Daniel Simmons, Jr. and Rev Run.

Russell graduated from August Martin High School in 1975. Upon graduation, Russell enrolled in the City College of New York, but he quit two years later when he realized his career path was in hip hop.

In December 1998, Russell married Kimora Lee, an international model. They have two children, Ming Lee and Aoki Lee. In March 2006, Russell confirmed that he and his wife are now divorced.

Russell would become a successful entrepreneur in 1983, when he co-founded Def Jam and Rush Communications. In 2003, Russell co-founded RushCard, a prepaid debit card provider. Over the years, he has ventured into a wide array of industries: music, motion pictures, television, retail, finance, and technology. For instance, he co-produced “The Nutty Professor” and launched three non-profit causes.

He is also a celebrated activist, promoting many different causes, such as veganism, animal rights, gay rights, racism.

To outline his experiences in life, and to provide guidance to others, Russell has written several books, including “Life and Def: Sex, Drugs, Money + God,” “Do You! 12 Laws to Access the Power in You to Achieve Happiness and Success,” and “The Happy Vegan.”

In November 2017, it was widely reported that Russell faced several accusations of sexual assault and harassment. Keri Claussen Khalighi alleged that he assaulted her in 1991, when she was 17 and he was 33, and writer Jenny Lumet alleged that he assaulted her in 1991. Under the circumstances, Russell has stepped down from companies, and HBO and JC Penney are removing his name and likeness.

We estimate that Russell Simmons’s net worth is $350 million (2017).

So how much is $350 million really?

$350 million can allow Russell Simmons to fly off to the middle of nowhere and practice Transcendental Meditation (TM). $350 million can also support many, many political candidates across the United States, like he did with former Congressman Dennis Kucinich and New York City Mayor Bill De Blasio – or donate to campaigns fighting against President Donald Trump.

 

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