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Russell Simmons Has to Buy A New $60000 Car for His Daughter

Russell Simmons Has to Buy A New $60000 Car for His Daughter

Full Name, Name Russell Wendell Simmons “Russell Simmons”
Age, Born He is 56 years old, he was born on October, 4, 1957 in Queens, New York, U.S
Net Worth $ 340 Million
Source of Wealth American business magnate, co-founder of Def Jam and Founder of Phat Farm, Argyle culture and American Classics.
Achievements He is one of “Hollywood’s Most Influential Celebrities” by Forbes Magazine and one of the “Top 25 Most Influential people of the Past 25 Years” by USA.
Assets Saddle River Home and Mini Cooper car
Family He married to Kimor Lee. They had 2 daughters Ming Lee Simmons and Aoki Lee Simmons. Nowadays they were divorced.

Russell Wendell Simmons is an American business magnate, co-founder of Def Jam and Founder of Phat Farm, Argyle culture and American Classics. Thus, Simmons is one of the richest entrepreneurs in the world of hip-hop. He has net worth approximately $ 340 Million. He sold his stake “Def Jam Records” approximately $ 100 million in 1999 and in 2004 he sold Phat Farm around $ 140 million to Universal Music Group. Based on his net worth he is an active philanthropist where he has charitable organizations like Champions for children, Lisa Lopes Foundation, Diamond Empowerment Fund,he also helped found the Hip Hop Summit Action Network, the Rush Philanthropic Organization and the Foundation for Ethnic Understanding.

In other hand, he also actively supports PETA which Simmons as the Goodwill Ambassador to fight war, poverty and HIV/AIDS. Simmons recorded that, after divorce he has agreed to pay Kimora around $ 40,000 a month and support for his daughters until the girls turn 19 years old, Ming 9 years old, and Aoki 6 years old around $ 20,000 each per month. Besides that, Simmons also agreed to provide a new car around $ 60,000 for his daughters, until them 16 years old.

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