Iconic: Russell Simmons Sells Sketchy RushCard Company For $147 Million

Posted on in Fresh Gems

Iconic: Russell Simmons Sells Sketchy RushCard Company For $147 Million

Russell Simmons Sells RushCard For $147 Million To Green Dot

Russell Simmons is making it rain on you hoes!

We previously reported that hip-hop mogul Russell Simmons was in a lot hot water after his shady Rushcard company was busted allegedly stealing money from poor cardholders. Simmons later agreed to pay at least $19 million to compensate users and fix his brand.

Now according to Billboard reports, Uncle Russ will be selling his RushCard company to competitor Green Dot for $147 million:

Iconic: Russell Simmons Sells Sketchy RushCard Company For $147 Million

Must be nice!