How Much Is Russell Simmons' Net Worth? Details About His Family & Wife

Russell Simmons
Russell Simmons( Source : biography )

Russell Simmons was born on October 4, 1957, in Queens, New York, the USA to a public school administrator (father) and a park administrator (mother).

Simmons is an American entrepreneur, record executive, and a four-time best-selling author. He is one of the top 25 most influential people of the past 25 years. 

Simmons is the co-founder of Def Jam Recordings which was founded in 1984. He has played a pivotal role in bringing hip-hop music to the forefront.

 He started his career as a singer’s agent. The first song that he promoted was Kurt Walker. 

Russell's notable books about healthy lifestyle and entrepreneurship are Success Through Stillness, Do you! 12 Laws to Access The Power in You to Achieve Happiness and Success, The Happy Vegan, Super Rich: A Guide to Having it All and soon-to-be-released Eat to Live: A Post Pandemic Lifestyle.

Russell Simmons has been accused of numerous rape cases and sexual assaults throughout his career.

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.

In the end, a total of 13 women came forward with these allegations. Russell Simmons denied everything, sold his assets, and relocated to Bali.

Simmons has been living in Bali for five years. According to him, Ubud, Bali looks like "yoga and vegan Disneyland".

Simmons has lived life as a vegetarian for nearly 20 years. He also promotes a plant-based diet and a yogic lifestyle.

How much is Russell Simmons' Net Worth?

According to various online (Forbes, IMDB) sources, Russell Simmons' estimated net worth is $350 million.

The entrepreneur earned that kind of net worth from his different ventures. He gets almost 50 million dollars per year from his record company.

Russell earns $2.5 million every month and almost $28 million every year.

A big part of Russell's net worth comes from his clothing lines such as Phat Farm, Argyleculture and Tantris.

Phat Farm became immensely popular as a result of the growing hip-hop movement and was sold to Kenwood in 2004 for $140 million.

ArgyleCulture was aimed at millennial men, while Tantris focused on yoga apparel

In 2013, Russell Simmons founded Unirush LLC, a company that provided pre-paid debit cards to low-income individuals.

In 2017, this company was sold to the Green Dot Corporation for $147 million. Rush Communications became involved in a vast range of other business ventures, including energy drink companies, websites, and book publishing. 

Russell Simmons' book
Russell Simmons' book "The Happy Vegan: A Guide to Living a Long, Healthy, and Successful Life"( Source : goodreads )

Apart from being an entrepreneur, he is also an author and has written a number of successful books that have earned him bills.

Who is Russell Simmons' Family?

Russell Simmons with his daughters
Russell Simmons with his daughters( Source : answersafrica )

Russell Simmons was born to his father Daniel Simmons who was a public school administrator and his mother Evelyn Simmons who was a park administrator. 

Russell was brought up with his two brothers Daniel Simmons, a painter and Joseph Simmons, R&B A artist.

Simmons was married in 1998 and had two children with his wife. 

His daughter Ming Lee Simmons is in the fashion industry. She has partnered with Boohoo as an ambassador for the popular clothing brand.

Russell's younger daughter Aoki Lee Simmons recently graduated from high school and she wants to pursue her dream of becoming a model along with her higher education.

Who Is Russell Simmons Married To?

Russell Simmons and Ex- wife Kimora Lee
Russell Simmons and Ex- wife Kimora Lee( Source : vanityfair )

Russell Simmons and model Kimora Lee met in November 1992 and they got married on December 20, 1998.

They had two children together, Mong Lee and Aoki Lee who were born on 2000 and 2003 respectively.

Kimora is an American model, television personality and businesswoman who took over Baby Phat and was the CEO/ creative director through 2010.

Russell Simmons and Kimora Lee ended their marriage in 2006.

In 2008, the couple parted their ways legally with a divorce.

Later Lee married Tim Leissner in 2014, but Simmons never married again until now.

Is Russell Simmons in a Relationship?

According to various sources, currently, Russell Simmons doesn't have any partners or girlfriends.


More from Businessman

Martha Stewart Daughter Alexis Stewart Talks About Her Relationship

Businessman
An American Businesswoman Martha Stewart's Daughter, Alexis Stewart ( radio personality) Is Enjoying Her Single Life. [image-1] Alexis Stewart is a 57-year-old American television host and radio personality who is the only child of American businessw...

Everything About Jamie Salter's Family & Children

Businessman
Jamie Salter is a 59 years old Canadian billionaire businessman who is the founder, chairman, and CEO of the Authentic Brands group. An American brand development and licensing company in New York City. Initially, when he was not involved with the Au...

What Happened To KidsLuv From Shark Tank? Company Net Worth Details

Businessman
Ashi Jelinek, an entrepreneur pitched her brand, Kids Luv on Season 11 of Shark Tank in an attempt to provide healthier drinks to the kids.  Kids Luv is a beverage focused on kids that has zero percent sugar in it. It is a great drink for parent...

Meet Robert Kraft - 5 Facts About The CEO of the New England Patriots

Businessman
Robert Kraft is the CEO, founder, and chairman of the Kraft Group.  He is an American Businessman, investor, and benefactor. He was born on June 5, 1941, in Brooklin Massachusetts, United State. He is also the owner of the New England Patriots g...

Martin Lorentzon Net Worth - How Did He Get So Much Rich?

Businessman
  Martin Lorentzon Net Worth - How Did He Get So Much Rich? [image-1] Martin Lorentzon is a Swedish Entrepreneur.He is the co-founder of Tradedouble and Spotify.He was born on 1st April 1969, in the village of Asenhoga, Sweden.Loren's mother wor...