Russell Simmons Net Worth 2018: How Much Is Def Jam CEO Worth?

Russell Simmons, born October 4, 1957, is an American entrepreneur, producer, and author. The chairman and CEO of Rush Communications, he co-founded the hip-hop music label Def Jam Recordings and created the clothing fashion lines Phat Farm, Argyleculture, and Tantris.

Born and raised in Queens, New York, Simmons’ father is a public school administrator and his mother a New York City park administrator. His brothers are painter Daniel Simmons, Jr., and Rev Run of Run-DMC.


Russell Simmons Net Worth 2018: $350 Million

Simmons, who co-founded the hip-hop label Def Jam Recordings and created the clothing fashion lines Phat Farm, Argyleculture, and Tantris, has an estimated net worth of approximately $350 million.


1975-1990

After graduating from August Martin High School in 1975, 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 hip-hop. Upon hearing Eddie Cheeba perform at Charles’ Gallery in Harlem in 1977, Simmons knew that hip-hop would be his career.

Simmons co-founded Def Jam in 1983 with Rick Rubin who sold his share of the company for $120 million to Universal Music Group in 1996.

In 1985 Russell Simmons co-produced and appeared in the film, Krush Groove.


1991-2010

Simmons and model wife, Kimora Lee met in November 1992 and got married on December 20, 1998. They divorced in 2006.

Russell Simmons has been vegan since 1999


2011-Present

Simmons was awarded the 2001 PETA Humanitarian Award and the 2011 Person of the Year Award.

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.

In November 2017, Simmons stepped down as CEO of Def Jam due to allegations of sexual misconduct.


2018

According to Hines music producer, Russell Simmons promised to help them make it in the music industry but eventually decided not to work with them.

  • 10678531520930918