Russell Simmons Net Worth (Updated 2025).
Russell Simmons, born on October 4, 1957, in Queens, New York, began his career in the music industry in the early 1980s. He started as a promoter, organizing parties and events in New York City’s vibrant nightlife scene. Simmons’ charisma and business acumen quickly made him a prominent figure in the local music scene.
In 1983, Simmons co-founded Def Jam Recordings with Rick Rubin. The label was instrumental in bringing hip-hop to the mainstream, signing artists like Beastie Boys, LL Cool J, and Public Enemy. Simmons’ vision and leadership helped Def Jam become one of the most influential hip-hop and rap labels in the world.
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Russell Simmons’ Current Net Worth
As of 2025, Russell Simmons’ current net worth is estimated to be around $340 million, according to the latest available information.
Career
Russell Simmons is a renowned American entrepreneur, co-founder of Def Jam Recordings, and a pioneer in the hip-hop music industry. He started his career in the late 1970s, managing influential hip-hop artists like Run-DMC and LL Cool J. Simmons then co-founded Def Jam with Rick Rubin in 1983, which became one of the most successful hip-hop record labels worldwide.
Other Ventures
Beyond music, Simmons has diversified his business portfolio. He co-founded the clothing lines Phat Farm and Argyleculture, and has been involved in various media and entertainment ventures, including the founding of the cable network HBO’s Def Poetry and the production of the reality television show “Run’s House.”
Assets
Simmons’ assets include a significant real estate portfolio, consisting of properties in New York, Los Angeles, and the Hamptons. He also owns a stake in the NBA’s Los Angeles Lakers and has invested in various tech startups. Simmons’ art collection, featuring works by prominent artists like Jean-Michel Basquiat and Andy Warhol, is also a notable asset.
Annual Income
While Russell Simmons’ exact annual income is not publicly disclosed, it is estimated to be in the tens of millions of dollars. His earnings come from various sources, including his stake in Def Jam Recordings, real estate investments, and endorsement deals. Simmons’ net worth has seen steady growth over the years, reflecting his successful business acumen and diverse investment portfolio.
Frequently Asked Questions about Russell Simmons
**Frequently Asked Questions: Russell Simmons Net Worth**
1. What is Russell Simmons’ net worth?
Russell Simmons’ net worth is estimated to be around $340 million.
2. How did Russell Simmons make his money?
Russell Simmons made his fortune through his successful career in the music industry, founding Def Jam Recordings, and his involvement in various business ventures, including fashion, television, and film production.
3. What is Def Jam Recordings?
Def Jam Recordings is a record label founded by Russell Simmons and Rick Rubin in 1984. It has played a significant role in the popularity and success of hip-hop and rap music.
4. Who are some of the artists signed to Def Jam Recordings?
Def Jam Recordings has signed and worked with prominent artists such as Beastie Boys, LL Cool J, Public Enemy, Method Man, and Jay-Z, among many others.
5. What is Phat Farm?
Phat Farm is a clothing line founded by Russell Simmons in 1992. It was one of the first urban clothing brands to gain mainstream popularity.
6. What is the relationship between Russell Simmons and his brother, Rev. Run?
Russell Simmons and Rev. Run (Joseph Simmons) are brothers and co-founders of Def Jam Recordings. They are also business partners in various ventures and have appeared together in reality TV shows like “Run’s House” and “The Simmons Sisters.”
7. What is Russell Simmons’ involvement in the film and television industry?
Russell Simmons has produced several films and TV shows, including “The Nutty Professor,” “Def Poetry,” and “All of Us.” He has also had a recurring role in the HBO series “Entourage.”
8. What is the net worth of Russell Simmons’ ex-wife, Kimora Lee Simmons?
Kimora Lee Simmons’ net worth is estimated to be around $50 million.
9. What is the name of Russell Simmons’ production company?
Russell Simmons’ production company is called Simmons Lathan Media Group.
10. What is Russell Simmons’ philanthropic work like?
Russell Simmons is involved in various philanthropic efforts, including the Rush Philanthropic Arts Foundation, which he co-founded with his brothers, and the Diamond Empowerment Fund, which supports education initiatives in Africa.