Russell Simmons Net Worth

Russell Simmons net worth: Scroll below and check out the most recent updates about Russell Simmons’s estimated net worth, biography, and occupation. We’ll take a look at his current net worth as well as Russell’s finances, earnings, salary, and income.

Russell Simmons net worth: $340 million

Russell Simmons is American Entrepreneur who has a net worth of $340 million at the age of 66. Russell Simmons’s income source is mostly from being a successful Entrepreneur. He is from Queens, New York City, New York, USA?. Co-founded the hip-hop music label Def Jam and also created successful clothing lines Phat Farm, Argyleculture, and American Classics. On Net Worth Results, Russell Simmons is a member of entrepreneurs and popular celebrities.

Biography

Born in Queens, New York City, New York, USA?, on October 4, 1957, Russell Wendell Simmons is mainly known for being a entrepreneur. He attended College of New York, but left to pursue his passion of helping to promote local musicians. He was one of the richest figures in the hip-hop community with a net worth of $340 million in 2011. According to CelebsInsights, Russell has not been previously engaged. He co-founded his record label with Rick Rubin, and they worked with some of the most successful musicians of their time. He married Kimora Lee Simmons in 1998 and the couple had two daughters, Ming and Aoki, before divorcing.

Russell Simmons Net Worth

How much is Russell Simmons worth, his salary per year, and how rich is Russell at 66? Below, we have estimated Russell Simmons’s net worth, money, income, and assets for 2023.

We aggregate net worth data from publicly available resources, such as NetWorthTotals. Our staff fact checks to make sure our estimates are as accurate as possible.

The majority of Russell Simmons‘s wealth comes from being a entrepreneur. Estimates of Russell Simmons’s net worth vary because it’s hard to forecast spending habits and how much money Russell has spent over the years.

The 66-year-old has done well, and many predict that Russell Simmons’s worth and assets will continue to grow in the future.

Russell Simmons’s estimated net worth in 2023 is $340 million.

What is the meaning of net worth?

Net worth is the sum of assets that exceed liabilities. Assets include cash, a house, car, investments, artwork, and anything of value. Another way to understand this – the value of everything you own, minus what you owe. Basically, your net worth is what you would have in cash if you sold everything in your possession and paid off all of your debts. Net income is what you actually bring home after taxes and payroll deductions.

Net worth calculation: Assets – Debt = Net Worth. To calculate net worth, add anything of value and then subtract all of the liabilities. Net worth is not yearly and not the same as net income. Net income is what you are actually bringing home after taxes and payroll deductions, like Social Security and 401(k).

What is the average American income?
Men earn a median salary of around $52,000 annually. In comparison, women earn around $42,000, and only 20% of Americans have a household income of $100,000+, according to the Bureau of Labor Statistics (BLS). The salaries vary based on gender, industry, occupation, location, and other elements.

Russell Simmons’s Quick Facts

1. He is a Libra.
2. His birthday is in .
3. Russell was born in the Year of the Rooster.
4. His primary income source is from being Entrepreneur.
5. He was born in Baby Boomers Generation (1957).
6. Russell Simmons’s nickname: Rush, Uncle Rush.
7. His ruling planet is Venus.
8. Russell’s spirit animal is a Raven.

Russell is turning 67 years old in