Russell Simmons Highest-Paid Business man in the World
- By Carol Kearney
- Washington
- Last updated on
Hot news
- Love November 1, 2024
- Breaking Up October 28, 2024
- Rumor Central November 2024
It's been a rough year for the business man, but at least he has his millions of dollars to ease the pain. 67-year-old Russell Simmons has taken the No. 1 spot on People With Money’s top 10 highest-paid business men for 2024 with an estimated $82 million in combined earnings.
UPDATE 05/11/2024 : This story seems to be false. (read more)
Russell Simmons tops annual list of highest-paid business men
In 2022 it looked like the business man’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Monday (November 4) that Simmons is the highest-paid business man in the world, pulling in an astonishing $82 million between October 2023 and October 2024, a nearly $50 million lead over his closest competition.
People With Money’s factors
In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.
The American business man has an estimated net worth of $245 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Simmons Burger” chain) in Washington, a Football Team (the “New York Angels”), has launched his own brand of Vodka (Pure Wondersimmons - US), and is tackling the juniors market with a top-selling perfume (With Love from Russell) and a fashion line called “Russell Simmons Seduction”.
The ranking is significant for many Russell fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
© 2024 MediaMass All rights reserved. Do not reproduce (even with permission).
Russell Simmons: Recent News
- International November 5, 2024
- Babies November 3, 2024
- Pets October 30, 2024
Celebrity Central