In 1979, Russell Simmons launched Rush Communications, a conglomerate of more than ten for-profit companies and three non-profit organizations. Def Jam Records was founded
However, Russell Simmons' net worth was not enough to protect him from his deeds. Keri Claussen Khalighi, a model and former stripper, accused the business magnate of rape
Due to the damage done to his reputation, he had to step down from a number of companies. After his reputation was questioned, Russell Simmons' net worth also decreased.