Monthly Archives: February 2011

spotted: HipHopDX

Def Jam co-founder Russell Simmons is considered Hip Hop’s first mogul. With a top record label, fashion line, reality TV shows and websites at various points in his career, the Queens, New York native has evolved throughout the last 30 years. One of Simmons’ symbols of wealth sold this week, for an eight-figure sum. reported that Russell and ex-wife Kimora Lee Simmons have sold their New Jersey mansion for $10 million. They first listed their former living quarters in 2007 for $23.7 million, before reducing the price.

The 35,000 square-foot mansion includes a 50-seat home theater, among many other amenities. The buyer’s name has been kept private.



“I’m Out for President’s to represent Me” –Nas, World is Yours

spotted 24/7WallStreet

George Washington, the nation’s first President, was also one of the wealthiest men to hold the office. His Virginia plantation, “Mount Vernon,” consisted of five separate farms on 8,000 acres of prime farmland.

This article provides net worth figures for each in 2010 dollars. Because a number of presidents, particularly in the early 19th Century, made and lost huge fortunes in a matter of a few years, the number for each man is based on his net worth at its peak.

In the case of each president we have taken into account assets like land, estimated lifetime savings based on work history, inheritance, homes, and money paid for services.Book royalties have been taken into account, along with ownership of companies and yields from family estates.

The net worth of the presidents varies widely. George Washington was worth over half a billion in today’s dollars.

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