Russell Simmons, American businessman, founded Def Jam Recordings and Phat Farm
Russell Wendell Simmons (born October 4, 1957) is an American entrepreneur, record executive, and writer. He co-founded the hip-hop label Def Jam Recordings, and created the clothing fashion lines Phat Farm, Argyleculture, and Tantris. Simmons' net worth was estimated at $340 million in 2011.Simmons was accused of sexual misconduct and assault in 2017 and stepped down from his positions in Def Jam Recordings and other companies as a result of these allegations. In 2018, it was reported that Simmons had moved to Bali, Indonesia.