Russell Simmons Net Worth, Early Life, Career
Simmons worked as a concert promoter, helping organize early hip-hop shows at the exclusive New York City nightclub Studio 54. In 1979, Simmons and Rick Rubin co-founded the iconic hip-hop label Def Jam Recordings.
Simmons handled the business side while Rubin focused on finding talented acts like LL Cool J, The Beastie Boys, and Public Enemy. Def Jam played a pivotal role in making hip hop mainstream.
https://www.hstoday.us/author/recent-dogecoin-price-rallies-mean-gamblers/
https://www.elephantjournal.com/profile/reasons-to-take-a-canadian-sleeper-train/
Under Simmons’ leadership, Def Jam grossed over $100 million in its first decade. But in 1999, Simmons sold his stake in the label to Universal Music Group for a reported $100 million.
Business V
Simmons worked as a concert promoter, helping organize early hip-hop shows at the exclusive New York City nightclub Studio 54. In 1979, Simmons and Rick Rubin co-founded the iconic hip-hop label Def Jam Recordings.
Simmons handled the business side while Rubin focused on finding talented acts like LL Cool J, The Beastie Boys, and Public Enemy. Def Jam played a pivotal role in making hip hop mainstream.
https://www.hstoday.us/author/recent-dogecoin-price-rallies-mean-gamblers/
https://www.elephantjournal.com/profile/reasons-to-take-a-canadian-sleeper-train/
Under Simmons’ leadership, Def Jam grossed over $100 million in its first decade. But in 1999, Simmons sold his stake in the label to Universal Music Group for a reported $100 million.
Beyond Def Jam, Simmons would go on to find success in television, film, fashion, and finance. Phat Farm (Founded in 1992) was one of the first hip-hop/urban-inspired clothing lines. The popular brand helped push hip-hop fashion into the mainstream. At its peak, Phat Farm was generating over $200 million in annual revenue. Simmons sold the company in 2004 for $140 million.
Argyleculture (Launched in 2003) was another successful Simmons fashion line targeting urban male consumers. The brand was later acquired by the apparel company American Classics.
enturesBeyond Def Jam, Simmons would go on to find success in television, film, fashion, and finance. Phat Farm (Founded in 1992) was one of the first hip-hop/urban-inspired clothing lines. The popular brand helped push hip-hop fashion into the mainstream. At its peak, Phat Farm was generating over $200 million in annual revenue. Simmons sold the company in 2004 for $140 million.
Argyleculture (Launched in 2003) was another successful Simmons fashion line targeting urban male consumers. The brand was later acquired by the apparel company American Classics.