18. Russell Simmons
Russell Simmons has a net worth that is valued at $340 million. The multi-talented Simmons is a professional in multiple areas of business and entertainment.
He is best known for his role as an entrepreneur. He just seems to understand how to invest in the right ventures and when to pull out. Simmons is also a well known fashion designer, television and film producer and business person with multiple streams of income. With an already developed portfolio, he is still adding to the large fortune that he has amassed.
He was born in New York City as Russell Wendell Simmons. Simmons is an American business magnate that was instrumental in founding the Def Jam music label that deals with hip hop music artists. His wife is Samantha Simmons, who is from the East Providence, Rhode Island area.
Russell is the creator of the high end clothing label Phat Farm as well as Argyle Culture and American Classics. It would appear that there is no end to his talents.
17. Berry Gordy, Jr.
Berry Gordy is the seventeenth richest African American in the world. His net worth is $345 million.
He is best known for his tremendous contribution to the Motown music movement. He founded the Motown record label and also established several subsidiary companies under this umbrella.
Gordy has a certain type of brilliance and foresight that has allowed him to build his empire from the ground. He understands that it takes hard work and dedication to achieve any measure of success.
He didn’t mind putting in the hard work when he was younger, and his efforts have paid off well for him. He is a songwriter as well as record producer who has earned his fortune through the music business.
Gordy was born in Detroit, Michigan and as of 2017, he is 87 years of age. In addition to producing records, he has also served as a television producer and entrepreneur. He has had a long and successful career in entertainment, but his contributions have been behind the scenes, rather than on the stage.