4. Russell Simmons

Net Worth: $340 Million
Russell Simmons is an American entrepreneur, producer and author. Simmons is the Chairman and CEO of Rush Communications, he co-founded the hip-hop music label Def Jam Recordings, and created the clothing fashion lines Phat Farm, Argyleculture, and Tantris.
“I’ve been blessed to find people who are smarter than I am, and they help me to execute the vision I have.” – Russell Simmons