Russell Simmons net worth: How much is Russell Simmons worth? Is Russell Simmons a billionaire?

Russell Simmons, the renowned music legend and entrepreneur, has garnered significant wealth throughout his illustrious career.

Co-founder of the iconic music company Def Jam alongside Rick Rubin in 1983, Simmons has revolutionized the industry and worked with some of hip-hop’s biggest names.

Russell Simmons net worth: How much is Russell Simmons worth? Is Russell Simmons a billionaire?

Per our findings as of June 2023, Russell Simmons’ net worth has been estimated to be a remarkable $340 million, according to several reliable sources.

Undoubtedly, his financial prosperity stems from various ventures, particularly his involvement with Def Jam Recordings.

In the mid-1990s, Simmons sold half of his shares in Def Jam, amassing $33 million. Subsequently, he sold the remaining shares for $130 million in 1999, equivalent to approximately $240 million today.

Simmons’ entrepreneurial endeavors extended beyond the music realm. He launched Phat Farm, a highly popular clothing line, in the 1990s and eventually sold the fashion label for a substantial $140 million in 2004, which amounts to approximately $225 million in today’s terms.

Even though the 65-year-old American celebrity has accumulated an impressive fortune,   he is not a billionaire but rather a millionaire in our view.

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