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Russell Simmons Net Worth

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Russell Simmons's Net Worth as of 2024
$340 Million

Russell Wendell Simmons was born on 4 October 1957, in Queens, New York City USA, and is a well-recognized enterpreneur, fashion designer, businessman, television producer, as well as an actor. Russell Simmons is perhaps best known for his contributions to the hip hop scene, namely the creation of the famous record label “Def Jam Recordings”. Simmons is also a known entrepreneur who owns several clothing lines under his name – Phat Farm, together with Baby Phat, American Classics and Argyleculture are all brands that are owned by Russell Simmons.

One may wonder, how rich is Russell Simmons then? Authoritative sources state that Russell Simmons’ net worth is estimated to amount to an impressive $340 million as of mid-2016, accumulated from contributions earned in all his activities during a career which didn’t really begin until his mid-20s.

Russell Simmons Net Worth $340 Million

Russell Simmons grew up with two  brothers – Daniel Simmons Jr. is a well-known expressionist painter. and Joseph Simmons is better known as Rev Run from a famous hip-hop group “Run D. M. C.”. Russell initially attended August Martin High School before transferring to City College of New York. He made his acting debut in a film he also co-produced called “Krush Groove” in which the main roles were played by the members of “Run D. M. C” and “Beastie Boys”. Prior to that, in 1983, Russell Simmons together with Rick Rubin co-founded a record label known as “Def Jam Recordings”. Over the years, “Def Jam” has become one of the most known hip-hop labels and has signed such artists as Kanye West, Frank Ocean, Ludacris, Rick Ross and Nas. Simmons’ net worth rose steadily from the success of the label.

Mainly due to the success of “Def Jam Recordings”, Russell Simmons was able to start his other business ventures. In 1992, he launched his own clothing line under the name of “Phat Farm”; the company soon developed from a small shop in New York into a profitable business. The success of “Phat Farm” resulted in the creation of “Baby Phat”, an urban line of clothing, targeted towards women and girls. The revenue of “Baby Phat” alone is estimated to be close to $1 billion.In  addition to these two clothing lines, Russell Simmons owns American Classics and Argyleculture.

In 2000, Simmons started an Internet website “360 Hip Hop”, which was later purchased by Black Entertainment Television (BET). More recently, in 2010 Simmons premiered his own television show called “Running Russell Simmons”.

In addition to making money and increasing his net worth from already mentioned businesses, Russell Simmons is a published author as well. In 2007, Simmons co-wrote a book “Do You – 12 Laws to Access the Power in You to Achieve Happiness and Success”, and in 2011 came out with another book titled “Super Rich: A Guide to Having It All”; all have helped his net worth grow.

In his personal life, Russell Simmons was married to Kimora(1998-2009) and they have two daughters. He dated German model Hana Nitsche  during 2012-13. Russell is a vegetarian, an active supporter of a mantra meditation called “Transcendental Meditation”, and has been practicing Yoga for quite some time now.

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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Rappers

Hurricane Chris Net Worth

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Christopher Dooley Jr. is better known by his stage name Hurricane Chris because of his manner of rapping extremely quickly like a real hurricane and twist every word. He was born on February 27, 1989 in Louisiana. In 2014 he has a net worth of $300,000. Today he is called one of the most up-and-coming rappers in USA. In 2007, being 18-yeas-old, Chris decided to drop out of Huntington High School and pursue his future career as a rapper, and started to work only with music. Christopher’s debut single was called “A Bay Bay” and hit the top 10 rap charts in the USA.That was the first serious investment in Hurricane’s net worth.

Hurricane Chris Net Worth $300,000

After a successful beginning Chris released his debut album called “51/50 Ratchet” in 2007. “51/50 Ratched” debuted at number 24 on the well-known Billboard 200 chart in US, and in the first week 26,000 copies of album were sold. Christopher says it was inspired by South coast hip hop – a sub genre of American hip hop music which was locally popular at Shreveport, where Hurricane grew-up. Soon after releasing his debut album, the young rapper released his third single called “Playas Rock” which was produced by Mr. Collipark. The single peaked at number 47 on the Hot R&B chart and number 25 on Hot Rap Tracks. Two years later, in 2009, the rapper released his second album “Unleashed” in the same Southern hip hop style. “Unleashed” peaked at number 46 on the R&B/Hip-Hop Albums and number 20 on US Top Rap Albums. For the young artist this  was a definite success, but this album failed to produce any hits. However, two singles were released from this album – “Headboard” and “Halle Berry (She’s Fine)”. The “Headboard” single featured the voice of famous American rapper and the founder of label “Big Gates Records” Plies and Mario’s voice.

After his second album Hurricane Chris’ career slowed considerably. “Uneashed” didin’t become as popular as Christopher expected, and he started to work on his third studio album entitled “Showtime: Still 51/50” which should be released on the rapper’s own label “51/50 Entertainment” with “FyreHouse Entertainment”. Because of that Chris tried to work with many different producers like the famous American record producer, rapper and songwriter Shawty Redd, also with DJ Spinz, Phunk Dawg, 1500 or Nothin, Mr. Bangladesh, Seven and others. During the interview with hip hop news website AllHipHop.com on May 25, 2010 Chris mentioned he had changed his third album’s title to “Return of the Hurricane”. On January 2 2013 Christopher started to work on his third album’s promotion. A new mixtape called “Caniac” was released and featured the song “Bend It Over”. Also “Caniac has songs “Go Crazy”, “I Don’t F*ck With Yall”, “Pu**y on Me”, “Down South” and “Ball Hard”. The songs were accompanied by music videos.

In 2014 Christopher Hurricane has released one more single, “Ratchet” which was produced by American DJ and record producer Dijon McFarlane, also known as DJ Mustard. “Ratchet” has become the 6th rapper’s single.

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Rappers

Karlie Redd Net Worth

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Karlie Redd is a well-known rap, hip hop star, dancer and also a reality show star – a star of all kinds. She is of a Trinidad and Jamaican ancestry. Karlie was born in New York. For quite a while she lived in Trinidad, the home to her ancestors. Karlie Redd moved back to New York to study in The Harlem School of the Arts. Later, she attended the Alvin Alley American Dance Theater. She is also known to be one of the newest cast members of the VH1 reality show Love & Hip Hop: Atlanta. Also, currently she is currently signed to Birdman’s Cash Money Management because she believes that her management company combined with her appearance in reality television series Love & Hip Hop: Atlanta would help her career as a professional rapper.

Karlie Redd Net Worth $200,000

At the moment Karlie is looking for a producer who can make her famous by combining good songs and her vocals, thus making a real chart topper. Karlie is seeking fame in many ways. For example, she decided that her appearance on the show Scream Queens 2 would be a good opportunity to gain even more fame. In addition to that, she has appeared on several magazine covers, given that she is a part time model. Karlie is a talented dancer as well. She has publicly stated that she is represented by “Cash Money Management,” although the president of Cash Money Mack Maine immediately denied this statement saying that it‘s false. The main sources of Karlie’s wealth are her involvement in various projects where she presents herself as a model, actress, dancer, rapper, reality show star. So it is safe to say that the main source of her income is the entertainment industry. Karlie has a net worth of $200 thousand.

In addition to that Karlie has elaborated with a lot of class A celebrities, such as Jamie Foxx, Sean Kingston and Tyrese Gibson. There are few of the best known people in the entertainment business. Interestingly, working in the entertainment business where everyone knows each other’s personal details, Karlie has managed to keep some of the details about her life a secret. When asked about her age Karlie Redd never answers the exact number giving the opportunity for her fans and her colleagues to guess. This type of intrigue helps her to stay mysterious and in high demand. Some of her cast members in several shows that she appeared in stated that she is much older that she lets people believe she is. So it is no secret that there is a lot of rumors going on about how old Karlie actually is. Not only is she a secretive woman, but also, she has released her own hair product line called Redd Hairline by Karlie Redd. It is named after her last name. This business also adds wealth to Karlie. In 2012 Karlie released a single, called “A Girl Has Needs”. This was her first single. Karlie debuted as a film actress in her first movie, called “Black Spring Break 2: The Sequel”. It was released in 2001. Karlie Redd played the role of Visa.

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