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Article: The A-List Client: Russell Simmons made his way up from the streets to become one of the most influential entrepreneurs in the nation. OWS reveals how this high-profile client works-and plays-as well as what he expects from advisors managing his money.
- Article from:
- On Wall Street
- Article date:
- October 1, 2006
CopyrightCOPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Russell Simmons is the ultimate entrepreneur. From hip-hop impresario to self-made, multifaceted businessman, he has evolved into the affluent client that every wealth manager wants. In our cover story this month, OWS speaks to Simmons and his advisor.
It's 8:45 A.M. on a hot July morning, and Russell Simmons is suited up for his 9 a.m. yoga class at the Jivamukti Yoga School in Lower Manhattan. Wearing a black T-shirt and yoga pants, the 49-year-old vegan from Hollis, Queens, moves like an accomplished yogi, slipping into Adho Mukha Svanasana (Downward-Facing Dog position), then moving to Bhujangasana (Cobra Pose), Urdhva Mukha Svanasana (Upward-Facing Dog ...