Russell Simmons is a famous American entrepreneur who is the chief executive officer and chair of Rush Communications. He is also an author and producer. He is the co-founder of the music label called Def Jam Recordings. Simmons has also created many fashion brands like Tantris, Argyleculture, and Phat Farm. He is the co-founder of RushCard. Here is a quick summary of Russell Simmons’ net worth in 2018, career and earnings.
Russell Simmons Early Life
Russell Wendell Simmons was born in Queens, New York on October 4, 1957, to his parents Daniel Simmons and Evelyn Simons. He grew up in Queens. His brothers are Rev Run and Daniel Simmons Jr.
He completed his schooling at August Martin High School in 1975. Following that Simmons went to Harlem’s City College of New York. In there, he met Kurt Walker, who advised him to be in the hip hop phenomenon.
In December 1998, Russell Simmons got married to Kimora Lee. The couple has two daughters named Ming Lee and Aoki Lee born in 2000 and 2002 respectively. They divorced in 2006. He is known as a Christian Yogi and respects all religions. He practices Transcendental Meditation and advocates veganism and Ahimsa.
In November 2017, Simmons was accused of sexual assault by Keri Claussen Khalighi in 1991. Many other women have also accused him of sexual abuse including Amanda Seales, Kelly Cutrone, Lisa Kirk, Natasha Williams-Blach, and Toni Sallie. He has also been accused of rape by Jennifer Jarosik, Drew Dixon, Tina Baker, Sherri Hines, and Jenny Lumet.
Russell Simmons Career, Awards & Achievement
In 1983, Russell Simmons became the founder of Def Jam along with Rick Rubin. Two years later, he became the co-producer and played in the film ‘Krush Groove’. He has also co-produced the television series ‘Def Poetry Jam’ and ‘Def Comedy Jam’ on HBO.
With Def Jam, he released music for various artists like LL Cool J, Beastie Boys, and many others. The music label was later bought for $100 million by Universal Music Group and was renamed as The Island Def Jam Music Group.
In 1996, he was the co-producer of the film ‘The Nutty Professor’, which was a commercial hit. In 2000, Simmons produced ‘Dude, Where’s My Car?’ and in 2010, he became the producer of ‘It’s Kind of a Funny Story’.
He started working for the company Rush Communications from 1999. He is currently the CEO of Rush Communications. Simmons is also an author and has penned several books like ‘Life and Def: Sex, Drugs, Money, + God’ and ‘Success Through Stillness’.
Awards & Achievements
In 1993, Russell Simmons was nominated for the CableACE for the Def Comedy Jam. In 2011, he was given the Excellence in Media Award at the GLAAD Media Awards. He was also conferred with the Vanguard Award at the 2009 Image Awards. In 2013, Simmons was bestowed with the Visionary Award at the PGA Awards. He has also received an Honorary Doctorate Degree in Humane Letters from the Claremont Lincoln University in 2014.
Net Worth of Russell Simmons
The estimated net worth of Russell Simmons is above $340 million. He accumulated this wealth by producing many commercially successful television shows and films. Simmons has also produced music for various artists with his tenure in Def Jam. he found considerable success as the chairman of Rush Communications. This fortune also comes by writing and releasing many books including ‘The Happy Vegan’ and ‘Super Rich: Inside and Out’. He has also founded many clothing lines including Phat Farm, which today is a multibillion-dollar enterprise.
Russell Simmons is considered one of the most distinguished businessmen in the world. Apart from having success in business, Simmons was made the UN Slavery Memorial Goodwill Ambassador by Ban Ki-moon in 2009. Despite all that, he is accused in many sexual cases including rape by many women.