Friday, February 4, 2011

Black History Makers: Russell Simmons - Entrepreneur and Philanthropist

Russell Simmons(1957 – )

Entrepreneur, philanthropist. Born October 4, 1957 in New York City. After a brief stint at City College of New York, Russell Simmons left school to promote local musicians, including Kurtis Blow and Run-D.M.C. In 1984, he and partner Rick Rubin founded Def Jam Recordings, creating the foundation for the cultural revolution known as hip hop. Def Jam signed the forerunners of the hip hop movement, including the Beastie Boys, LL Cool J, Public Enemy and Run-D.M.C.

An ambitious entrepreneur, Simmons saw Def Jam as just part of his hip hop empire. His Rush Communications firm also included Phat Farm clothing company, television shows, a management company, a magazine and an advertising agency. His movie production house has produced such films as Krush GrooveThe Nutty Professor. In 1999, he sold his stake in Def Jam Records to Universal Music Group for $100 million. In 2004, he sold Phat Farm for $140 million. 

A strict vegan and yoga enthusiast, Simmons is also an active philanthropist. He helped found the Hip Hop Summit Action Network, the Rush Philanthropic Organization and the Foundation for Ethnic Understanding. He actively supports PETA and was named a Goodwill Ambassador to fight war, poverty and HIV/AIDS. He is the author of Do You! 12 Laws To Access The Power In You To Achieve Happiness And Success.

Simmons was married to model Kimora Lee from 1998 to 2008. They have two daughters, Ming and Aoki.

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