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Russell Simmons' Phat Farm

In 1992, hip-hop impresario Russell Simmons founded Phat Farm, an extremely popular urban sportswear line with a preppy feel. In the late '90s, his then-wife Kimora launched Baby Phat, a womenswear branch of the big-selling brand. In 2004, Simmons sold Phat Fashions for $114 million.
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