The embattled hip-hop mogul has listed his L.A. home for $8.25 million and is said to be spending a lot of time in Bali as his West Hollywood yoga studio closes.
Is Russell Simmons leaving the jurisdiction?
Amid more than a dozen accusations of sexual misconduct and assault, Simmons is selling off his real estate holdings in both Los Angeles and New York and is shuttering the West Hollywood yoga studio that he opened in 2016.
In May, the embattled co-founder of Def Jam Recordings put his New York Financial District penthouse at 114 Liberty St. on the market for $9.92 million. Now, Simmons has listed his five-bedroom, eight-bathroom 6,000-square-foot Spanish-style home in L.A.’s Hollywood Hills for $8.25 million.
Simmons’ 8,000-square-foot, two-story Tantris Yoga Studio on Sunset Blvd. offered a juice bar, blow-dry services and a retail area carrying the Tantris apparel line. When contacted by The Hollywood Reporter, an employee confirmed that the studio would be shutting down at the end of the month.
Sources say Simmons has been spending a lot of time in Bali, a favorite destination (the island is a province of Indonesia, which has no extradition treaty with the U.S.). A spokesperson for Simmons says the mogul is still America-based but simply is traveling more. “Russell divested himself of his active U.S. business interests last year to focus on his spiritual practice and serving his community,” says the rep. “As part of that journey, Russell has traveled to many spiritual destinations around the world but continues to retain active family presence and residence in the U.S.”
SOURCE: Peter Kiefer
The Hollywood Reporter