Russell Wendell Simmons, a renowned American entrepreneur, was born on October 4, 1957. He is best known for co-founding the groundbreaking hip-hop record label Def Jam alongside Rick Rubin, as well as creating a trio of successful clothing fashion lines: Phat Farm, Argyleculture, and American Classics.
As one of the most successful figures in the hip-hop industry, Russell Simmons boasts an impressive net worth of $340 million, making him the third richest individual in hip-hop.