Russell Simmons is a well-known American Entrepreneur who has been working as the Chief Executive Officer and also the Chair of the Rush Communications. Also, he has authored several books and producer. He co-founded a music label that titled ‘Dem Jam Recordings,’ and he has created several brands such as Tantris, Phat Farm. Keep on reading to learn more on the net worth of Russel Simmons in 2019.
Early Life & Biography
Russel Wendell Simmons was conceived in the year 1957 on the October 4th, and his parents are Daniel Simmons and Evelyn Simmons. He was brought up in Queens, and his brothers are Rev Run and Daniel Simmons Jr. Russel completed his school in the year 1975 at the August Martin High School and later joined Harlem’s City College that is in New York.
Here, he would meet Kurt Walker, who advised him to be in hip-hop phenomenon. In the year 2014, he got awarded an Honorary Doctorate Degree from the Claremont Lincoln University. He created Foundation for the Ethnic Understanding, and he worked as chairman of this organization, and it promoted Mindfulness.
In the year 1998, Russel Simmons got to be married to Kimora Lee, and this couple was blessed with two daughters. The two daughters are Ming Lee and Aoki Lee, and they were born in 2000 and 2002 respectively. After eighteen years of marriage, they got divorced in 2006 and had been known as Christian Yogi and respects all the religions. He regularly practices Transcendental Meditation as well as advocates for the veganism and Ahimsa.
In the year 2017, he got to be accused of sexual assault by Keri Claussen Khalighi. Some very many women have accused him of sexual assault. Among the women, they include Amada Seales, Kelly Cutrone, and Natasha Williams. Other women have accused him of rape including Jennifer Jarosik and Drew Dixon.
Career, Awards & Nominations
In the year 1983, Russel Simmons found the Def Jam together with the Rick Rubin. After two years, he became the co-producer and the players in the film ‘Krush Groove.’ Also, he co-produced two television series ‘Def Poetry Jam’ and the ‘Def Comedy Jam’ on the HBO television. With the Def Jam, he had released music for the various artists such as LL Cool J and the Beastie Boys among many others.
This music label was later purchased by the Universal Music Group for $100 million, and that is when it was renamed ‘The Island Def Jam Music Group.’ In the year 1996, he became the co-producer of a film The Nutty Professor’ that was a huge commercial hit. In the year 2000, Simmons got to produce ‘Dude, Where’s in My Car.’ In the year 2010, he rose to become a producer of the ‘It’s the Funny Story.’
Russel has received awards for the good work that he has engaged in. He has been nominated for CableAce for the Def Comedy Jam. In the year 2011, he was given Excellence in the Media Award at GLAAD Media Awards. Later on, he was conferred with a Vanguard Award.
Net Worth & Earnings
The net worth of Russel Simmons is over $370 million. The wealth has been generated via various commercial successful television shows and films. Also, he has produced several television shows and films. He owns various companies that are doing very well.
Russel has been considered to be among the best businessmen in the world, and apart from the various businesses that he owns, he has made a Goodwill Ambassador by the then UN Sec General, Ban Ki-Moon.