Russell Simmons Net Worth 2024

The estimated net worth of Russell Simmons is $340 million USD.
Real Name Russell Wendell Simmons
Net Worth 2024 $340 million USD
Birthday (Year-Month-Day) 1957-10-4
Nationality American
Occupation Businessman (Co-founder of Def Jam, Founder of Phat Farm)
Height 1.76 m or 5 ft 9 inches
Weight 86 kg or 190 pounds
Marital Status Divorced (Kimora Lee)
Ethnicity African American
Education City College of New York
Kids 2
Kids Names Ming and Aoki



Not to be confused with Russell Simins, drummer for the Jon Spencer Blues Explosion.

Russell Simmons
Simmons at the 2012 Tribeca Film Festival premiere of Mansome
Born
Russell Wendell Simmons

(1957-10-04) October 4, 1957 (age 67)
New York City, U.S.
Occupation(s)Entrepreneur, writer, record executive
Years active1984–present
Spouse
​
​
(m. 1998; div. 2009)​
Children2
RelativesJoseph Simmons (brother)
Danny Simmons (brother)
Signature

Russell Wendell Simmons (born October 4, 1957) is an American entrepreneur, writer and record executive. He co-founded the hip-hop label Def Jam Recordings,[1] and created the clothing fashion lines Phat Farm, Argyleculture, and Tantris. He has promoted veganism and a yoga lifestyle, and published books on lifestyle, health, and entrepreneurship. Simmons' net worth was estimated at $340 million in 2011.[2]

After producing or managing artists such as Kurtis Blow, Run DMC, Whodini, and Jimmy Spicer, Simmons joined forces with producer Rick Rubin to found Def Jam Recordings. Under Simmons' leadership as chairman, Def Jam signed acts including the Beastie Boys, Public Enemy, LL Cool J, Jay-Z, DMX, and Kanye West. From 1992 to 1997, he also produced the Def Comedy Jam television program.

In 2017, Simmons was publicly accused of sexual assault by multiple women; he denied the allegations. Following these allegations, Simmons stepped down from his various business roles and charities, including his position at Def Jam.

Early life

Russell Wendell Simmons was born in the Hollis neighborhood of New York City's Queens borough on October 4, 1957.[3][4] His father was a public school administrator and his mother was a park administrator for the New York City Parks and Recreation Department. His brothers are painter Daniel Simmons Jr. and Joseph Simmons (better known as Rev Run of Run-DMC fame). In 1975, after graduating from August Martin High School, Simmons briefly attended the City College of New York in Harlem where he met a young DJ/Bboy, Kurt Walker, who influenced him to participate in the hip hop phenomenon.[5][6][7][8][9] Upon hearing Eddie Cheeba perform in Harlem in 1977, Simmons knew that hip hop would be his career.[10] Simmons stated, "Hearing Cheeba in '77 made me feel like I had just witnessed the invention of the wheel."[10] In 1979, Simmons met Robert Ford Jr., who began taking him to industry events and teaching him about the music business. Simmons would later credit Ford as his "guru".[11][12]

Career

Simmons in 2007

Simmons co-founded Def Jam in 1984 with Rick Rubin, after many mergers, Simmons sold his share of the company for $120 million to Universal Music Group in 1998 In 1999 Simmons co-produced and appeared in the film Krush Groove.[13] Simmons' company, Rush Communications Inc., includes over ten businesses and three non-profits. Simmons, with his partner Stan Lathan, has also produced television hits HBO's Def Comedy Jam and Def Poetry Jam, and currently has a development deal with HBO.[1][14] In 1996, Simmons co-produced the hit film The Nutty Professor, starring Eddie Murphy. In 1997, Simmons co-produced the film Def Jam's How to Be a Player, starring Bill Bellamy.[15] In 2003, Simmons co-founded RushCard, a prepaid debit card provider.[16][17]

In 1992, Simmons launched the clothing line Phat Fashions LLC using the Phat Farm and Baby Phat labels. When Simmons first created Phat Fashions LLC, the clothing line was sold in a shop in the SoHo district of Manhattan. Simmons's connections with well-known rap artists helped to promote the clothing line to a wide audience. The influence of designers such as Ralph Lauren and Tommy Hilfiger gave the clothing line a classic look and feel. Phat Fashions encompassed hip hop clothing for women and children, as well as men, and grew into a lifestyle brand with the addition of jewelry, perfume, and other merchandise. Phat Fashions LLC sold merchandise in two stores in New York and Montreal, as well as online at www.phatfarm.com. In addition, the clothing line was carried by some 3,000 retailers in the United States.[18]

In 2001, "Hip-Hop Minister", and former Nation of Islam Minister, Conrad Tillard feuded with Simmons, accusing him of stoking violence by allowing the frequent use of words such as "nigga" and "bitch" in rap lyrics.[19][20][21] Tillard then organized a summit in Harlem over what he viewed as negative imagery in hip hop. Simmons organized a counter-summit, urging the public not to "support open and aggressive critics of the hip-hop community".[22][23]

In 2004, Simmons sold Phat Farm and Baby Phat to the Kellwood Company for $140 million.[24]

In the same year, Simmons formed Russell Simmons Music Group, or RSMG, a record label founded as a joint venture with Universal Music's Island Def Jam Music Group.[25] Tony Austin was the label's president.[26][27]

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 under-serviced youth by helping people of color access the arts and by providing exhibition opportunities. The Foundation serves about 3,000 students annually and maintains two galleries. The Rush Arts Gallery in Chelsea, Manhattan and the Corridor Gallery in Clinton Hill, Brooklyn exhibit the work of more than 100 community and emerging artists.[28]

In 2014, Claremont Lincoln University awarded Simmons an Honorary Doctorate Degree in Humane Letters for his work as chairman of the Foundation for Ethnic Understanding and for promoting mindfulness, compassion and inter-religious collaboration in the public sphere.[29]

In October 2021, Simmons released a NFT collection titled, "Masterminds of Hip Hop".[30] It centered on driving forces in the hip hop music industry and was curated by Snoop Dogg.[31]

Personal life

Marriage

Simmons and model Kimora Lee met in November 1991, when she was 16 years old and still in high school. On December 20, 1998,[32] they married on the island of Saint Barthélemy. They have two daughters. In March 2006, Simmons announced that he and Lee had ended their relationship;[32] they divorced two years later.[33]

Beliefs

Simmons has been a vegan since 1999, and describes himself as a Christian yogi with a love and respect for all religions.[1][34] He practices Jivamukti Yoga,[35] which encourages vegetarianism and social and environmental activism. He is also a practitioner of Transcendental Meditation (TM)[36] and a supporter of the David Lynch Foundation for Consciousness-Based Education and World Peace, which was established to ensure that any child in America who wants to learn and practice TM can do so.[37]

Social activism

Simmons is an advocate of Ahimsa and veganism, citing animal rights along with the environmental and health benefits.[1] He said he went vegan after watching the film Diet for a New America in the 1990s.[38] He is a supporter of Farm Sanctuary, an organization working to end cruelty to farm animals.[39] People for the Ethical Treatment of Animals awarded him the 2001 PETA Humanitarian Award and the 2011 Person of the Year Award.[40][41]

In 2009, Simmons organized thousands of protestors and hip-hop celebrities in front of City Hall demanding change of the sentencing rules of the Rockefeller Drug Laws.[42]

In 2002, Simmons became chairman of the board of the Foundation for Ethnic Understanding.[43] In May 2009, he was appointed Goodwill Ambassador for the UN Slavery Memorial at the United Nations to honor the victims of slavery and the transatlantic slave trade by UN Secretary-General Ban Ki-moon.[44] In a similar vein, Simmons is a supporter of the Somaly Mam Foundation,[45] and was honored at their 2011 gala dinner.[46] In 2011, Simmons officially endorsed the second Muslim Jewish Conference. Together with Rabbi Marc Schneier he served as the official patron of the conference held July 2011 in Kyiv, Ukraine. In 2011, he took part in the Occupy Wall Street protests, visiting the protesters at Zuccotti Park often and for many consecutive days.

Simmons is a longtime supporter of gay rights, and he encourages marriage equality.[47] In 2011, when the retail corporation Lowe's withdrew funding from the show All-American Muslim, Simmons promised to pay the Learning Channel for any revenue lost.[48]

In 2012, Simmons supported Ohio congressman Dennis Kucinich's re-election campaign, appearing with the politician at various speaking events.[49] In November 2013, he pledged support for New York's mayoral candidate Bill de Blasio in recognition of his support for animal rights.[50]

In 2017, Simmons was listed by UK-based company Richtopia at number 23 in the list of 200 Most Influential Social-Entrepreneurs and Philanthropists Worldwide.[51][52]

Vegan burgers

Simmons is a senior advisor of the vegan burger brand Everything Legendary. In 2022, the company closed a $6 million series A round.[53]

Harriet Tubman sex tape controversy

In August 2013, Simmons launched the controversial "Harriet Tubman Sex Tape" parody video on his YouTube channel, All Def Digital, which led to public outrage and many critics demanding an apology. The video featured an actress portraying the abolitionist Harriet Tubman (1822–1913) having sex with her slave owner with the intent of filming the act and blackmailing him to convince him to work on the Underground Railroad.[54] People from his own community[clarification needed], such as filmmaker Spike Lee,[55] were offended by the controversial comedy sketch.[56]

On his website, Simmons posted an apology for the parody, writing:[57][58]

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 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 its removal from the All Def Digital channel,[58] the video continues to be available as of June 2024 via reuploaded versions.[59]

Sexual misconduct, assault and rape allegations

See also: Weinstein effect

Background

In November 2017, model Keri Claussen Khalighi accused Simmons of raping her in 1991, when she was 17. Simmons and Brett Ratner, whom Khalighi accused of watching them without intervening when she asked for his help, both deny that the encounter was non-consensual.[60]

As the allegation was covered in the press, Terry Crews accused Simmons of attempting to influence him to take back sexual assault allegations that Crews had recently brought up against film executive Adam Venit, asking that Crews "give him a pass ... ask that he be reinstated." Crews posted on his Twitter account a screenshot of the alleged e-mail he had received from Simmons.[61][62][63][64]

On November 30, 2017, writer Jenny Lumet claimed that Simmons had raped her in 1991. In response, Simmons said he would step down from his positions with his businesses.[65] On the same day, HBO announced that they would be removing Simmons' name and likeness from his stand-up comedy specials starting with the December 1 episode.

On December 13, 2017, the Los Angeles Times published an investigative report in which five women accused Simmons of sexual misconduct, including another alleged rape. On the same day, The New York Times published the accounts of four other women who accused Simmons of inappropriate conduct, including three more alleged rapes.[66] In response to the allegations, Simmons stated he "never had a sexual encounter that was not consensual or lawful. Ever."[67]

On February 9, 2018, Simmons denied the allegations to Rolling Stone, saying (in part), "I vehemently deny all the allegations made against me. They have shocked me to my core as I have never been abusive or violent in any way in my relations with women. I am blessed to have shared extraordinary relationships, whether through work or love, with many great women and I have enormous respect for the women's movement worldwide and their struggle for respect, dignity, equality and power. I am devastated by any reason I may have given to anyone to say or think of me in the ways that are currently being described. I have separated myself from my businesses and charities to not become a distraction."[68]

On April 25, 2018, Jennifer Jarosik, a filmmaker who also alleged Simmons raped her, dropped her lawsuit. The suit was dismissed with prejudice, meaning Jarosik cannot refile allegations in court.[69]

On February 13, 2024, a lawsuit filed by Jane Doe in New York Federal Court obtained by People, alleged that she was sexually assaulted and harassed by her boss, Russell Simmons in the 1990s. This was while pursuing her professional ambitions as an executive at Def Jam.[70] On February 15, 2024, another lawsuit, this time alleging defamation, was filed against Simmons by former Def Jam executive Drew Dixon.[71] Dixon was previously one of the three women to accuse him of rape in the December 2017 New York Times article.[66][71]

Accusers

A number of women, some of whom were aged 17 at the time of the alleged incidents, have accused Simmons of sexual harassment, assault or rape:

Sexual harassment or assault

Women who said they had been sexually harassed or assaulted (including attempted rape) by Simmons include:

  1. Keri Claussen Khalighi, model[72]
  2. Kelly Cutrone, publicist and author[73]
  3. Luann de Lesseps, reality television personality[74]
  4. Lisa Kirk, an acquaintance of Simmons'[75]
  5. Toni Sallie, music journalist[68]
  6. Amanda Seales, actor and comedian (verbal harassment)[68]
  7. Natashia Williams-Blach, actress[68]

Rape

Women who said they had been raped by Simmons include:

  1. Tina Baker, singer-turned-lawyer[76]
  2. Drew Dixon, former music recording executive[76]
  3. Sherri Hines, musician[77]
  4. Jennifer Jarosik, filmmaker[78]
  5. Jenny Lumet, screenwriter[79]
  6. Sil Lai Abrams, writer and activist[80]

Resignation

After the third assault allegation was published in a guest column by Jenny Lumet in The Hollywood Reporter in November 2017, Simmons stepped down from his roles in the label Def Jam Records, his yoga lifestyle brand, CNNMoney, and other media properties. Lumet, who is the daughter of filmmaker Sidney Lumet and the granddaughter of singer and civil rights activist Lena Horne, wrote: "As a woman of color, I cannot express how wrenching it is to write this about a successful man of color. ... I feel a pang to protect your daughters. I don't think you are inclined to protect mine."[81][82][83]

HBO decided to remove Russell Simmons' name from All Def Comedy, a series he created to launch and showcase emerging comedians. HBO has not removed his name from Def Comedy Jams.[84]

Documentary

A documentary film about the sexual assault allegations against Simmons, On the Record, premiered at the Sundance Film Festival on January 25, 2020, and was released on HBO Max on May 27, 2020.[85] Oprah Winfrey withdrew as executive producer of the film, after having been pressured by Simmons to cancel the release,[86] eventually stating there were "inconsistencies" in Drew Dixon's story that "gave me pause".[85] Winfrey has also said, however, that she believes the women who have accused Russell Simmons of sexual assault.[87][88]

References

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  43. ^ Ramirez, Anthony (April 13, 2008). "Backstage With Six Rabbis, Six Imams and No "Kumbaya"". The New York Times. Retrieved June 3, 2013.
  44. ^ "Secretary-General pledges to fill gap in knowledge about causes, effects of transatlantic slave trade". United Nations.
  45. ^ "Russell Simmons Got A Joyful Hamptons' Social Life, Hosts Somaly Mam Foundation Benefit". Global Grind. August 15, 2011. Retrieved August 15, 2011.
  46. ^ "2011 East Coast Gala". Somaly Mam Foundation. Retrieved September 19, 2011.
  47. ^ "Russell Simmons, gay marriage and Maryland". The Washington Post. Archived from the original on January 31, 2013.
  48. ^ Freedman, Samuel G. (December 16, 2011). "Waging a One-Man War on American Muslims". The New York Times.
  49. ^ "Hip hop mogul Russell Simmons to appear with Kucinich". Toledo Blade. March 2, 2012.
  50. ^ Simmons, Russell [@UncleRUSH] (November 1, 2013). "proud to support @deBlasioNYC to be NYC's next mayor as I know he supports animal rights and will stop abuse of the horses in Central Park" (Tweet) – via Twitter.
  51. ^ "Philanthropists & Social Entrepreneurs Top 200: From Elon Musk to Melinda Gates, These Are the Most Influential Do-Gooders in the World". Richtopia. Archived from the original on March 30, 2017. Retrieved March 30, 2017.
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  53. ^ Axworthy, Nicole. "How This Black-Owned Vegan Burger Brand Nearly Quadrupled Its Reach in One Year". VegNews.com. Retrieved May 31, 2022.
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  56. ^ Foster, Kimberly (August 16, 2013). "Russell Simmons, you defamed not just Harriet Tubman but all black women". The Guardian.
  57. ^ Simmons, Russell (August 15, 2013). "I Get It And I Respect It…The Harriet Tubman Video Has Been Removed". Global Grind. Retrieved June 10, 2024.
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Fact Sheet

  • Russell Simmons's real name is Russell Wendell Simmons
  • Wondering where Russell Simmons is from? Russell Simmons is from American!
  • Russell Simmons works as a(n) Businessman (Co-founder of Def Jam, Founder of Phat Farm)
  • Russell Simmons was born on 1957-10-4
  • What is Russell Simmons's age? Russell Simmons is 67 years old
  • Russell Simmons is currently Divorced (Kimora Lee)
  • Which school did Russell Simmons go to? Russell Simmons attended City College of New York
  • Russell Simmons is a proud parent of 2 kids
  • Russell Simmons childrens names are Ming and Aoki

FAQ

Russell Simmons 2024 net worth is $340 million USD
Russell Simmons has a networth of $340 million USD
Russell Simmons has an estimated wealth of $340 million USD
Russell Simmons has approximately $340 million USD



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