Russell Simmons

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Russell Wendell Simmons (born October 4, 1957) is an American entrepreneur, the co-founder, with Rick Rubin, of the pioneering hip-hop label Def Jam, and creator of the clothing fashion lines Phat Farm, Argyleculture, and American Classics.

Russell Simmons is the third richest figure in hip-hop, having a net-worth estimate of $340 million.