Russell Simmons Moved to Bali. His Money Ended Up in a U.S. Court.

Russell Simmons swore he owns no U.S. property. Then a Brooklyn federal court approved a deal giving him part of a Celsius stock block once worth $350M+. At least $8.6M of his share is earmarked for women he owed settlement money. Want the blueprint behind celebrity wealth? Subscribe for weekly investigative money documentaries: 👉 Celebrity Investments: https://www.youtube.com/@Celebrity-Investments?sub_confirmation=1 We traced the money through the court records, the SEC filings and the government orders. Def Jam, Phat Fashions and the RushCard sold for more than $400 million on paper, and how much reached Simmons personally was never made public. We show what the regulator found when the RushCard locked tens of thousands of customers out of their own money in 2015, why a federal judge ruled Simmons is "stateless" for federal court purposes, and how a Celsius investment from 2015 ended up in a Brooklyn settlement over the 1MDB forfeiture case. Simmons has never been charged with a crime and denies all allegations against him. The cases discussed in this video are civil lawsuits. Nothing in the Celsius forfeiture case accuses Simmons or Kimora Lee Simmons of taking part in the 1MDB crimes. Watch next: ▶️ Diddy Was a Billionaire. Now He Sells Mansions From a Prison Cell. https://youtu.be/eVW68Ly3zrk ▶️ Tyler Perry Is Moving to Puerto Rico. The IRS Isn't. https://youtu.be/3hDBWa8UhK8 ▶️ Dame Dash Built Roc-A-Fella. A Court Is Auctioning His Name for $37,000. https://youtu.be/tTdR3_Y8Yk8 📌 CHAPTERS 00:00 Sworn: no property in the United States 01:48 Def Jam, Phat Fashions and the sale prices 04:02 What really happened to the RushCard money 06:44 Bali, the visa and the "stateless" ruling 12:51 The Celsius stock fight in Brooklyn SOURCES Doe v. Simmons, Memorandum Opinion and Order (S.D.N.Y., Feb. 11, 2025): https://law.justia.com/cases/federal/district-courts/new-york/nysdce/1:2024cv01043/615543/84/ CFPB order against Mastercard and UniRush (Feb. 1, 2017): https://www.consumerfinance.gov/archive/newsroom/cfpb-orders-mastercard-and-unirush-pay-13-million-rushcard-breakdowns-cut-consumers-access-funds/ Green Dot Form 8-K, UniRush acquisition (Jan. 2017): https://www.sec.gov/Archives/edgar/data/0001386278/000138627817000007/a2017-01x25entryintomateri.htm Kellwood Form 10-K 2004, Phat Fashions purchase: https://www.sec.gov/Archives/edgar/data/0000055080/000106880004000219/kell10k.txt Complex, Simmons declaration (May 2024): https://www.complex.com/music/a/jaelaniturnerwilliams/russell-simmons-living-in-bali-amid-lawsuits Law Commentary, Celsius settlement (Aug. 2026): https://www.lawcommentary.com/articles/russell-simmons-celsius-shares-1mdb-forfeiture Billboard, Celsius stock recovery (Aug. 2026): https://www.billboard.com/pro/russell-simmons-recovers-celsius-drink-stock/ Billboard, state court ruling (June 2026): https://www.billboard.com/pro/russell-simmons-must-face-def-jam-exec-rape-lawsuit-judge/ Courthouse News, unpaid settlements (Jan. 2025): https://www.courthousenews.com/russell-simmons-owes-more-than-3-million-to-sex-assault-accusers-for-unpaid-settlements-per-court-records/ Digital Music News, HBO lawsuit (Jan. 2026): https://www.digitalmusicnews.com/2026/01/08/russell-simmons-hbo-lawsuit/ #celebrity #networth #investing #wealth #business #money #hollywood #entrepreneur #finance #russellsimmons #defjam #hiphop