Russell Simmons Net Worth
Russell Simmons, now 60, has made his fortune from rapping his way to the top. He is also a producer and author. He co-founded the Def Jam label and created a clothing line that went along with this branding. His net worth is estimated at $340 million.
Who Is Russell Simmons?
Before Jay Z, Diddy and Dre there was Russell Simmons — the original hip-hop mogul. A former New York street hustler turned promoter, artist manager, record producer, and label owner, Simmons also added business magnate and self-help guru to his resume. With his diverse portfolio of interests, he’s amassed a personal fortune of more than $300 million and has changed the face of hip hop many times over at Def Jam, the label he co-founded with the producer Rick Rubin. He pioneered the rap-rock crossover with Rubin on Run-DMC’s “Walk this Way,” co-produced the first gold-certified hip-hop single (for Kurtis Blow) and album (for LL Cool J), blended the worlds of hip hop and fashion with Run-DMC, and helped create a global audience for rap music. In late 2017, he announced he was stepping down from his companies after being accused of sexual assault.
Born and Raised in Queens, NY
Russell Simmons was born on October 4, 1957. He was the second of three sons whose parents — Daniel Sr., a teacher, and Evelyn, an administrator — raised their family in the Jamaica neighborhood of Queens, New York. His parents were hardworking and aspirational, but the wider community in Queens was “destroyed by drugs,” Simmons told The Guardian in 2013. “Everybody shot dope… I used every drug there is… but it didn’t make me a bad person: it made me a sad person, a diseased person.”
Simmons also sold drugs for a time and ran with a street gang, the Seven Immortals. His concerned father made him get a job at Orange Julius in Greenwich Village, in an attempt to steer him away from trouble — but Simmons got fired after a month for throwing oranges at people. He finally got his wake-up call when one of the Seven Immortals was murdered — after which he dropped out of gang life, winding up at the City College of New York in Harlem, where he majored in sociology.
Russell Simmons Bio Info
Born: 4 October 1957 (age 60 years), Queens, New York City, New York, United States
Spouse: Kimora Lee Simmons (m. 1998–2009)
Children: Jamel Simmons, Aoki Lee Simmons, Ming Lee Simmons
Books: Success Through Stillness
Russell Simmons Quotes
- Art is a way to express yourself and through that you can escape a bad situation. – Russell Simmons
- Surround yourself with people who are smarter than you. – Russell Simmons
- If you wake up deciding what you want to give versus what you’re going to get, you become a more successful person. – Russell Simmons
- If you give a good thing to the world, then over time your karma will be good, and you’ll receive good. – Russell Simmons
Russell Simmons Videos on YouTube
Russell Simmons talks about his current ventures and more.