Russell Simmons is one of the biggest leadership in the music industry,  which the Hip-Hop mogul has landed the cover of the November 2012 issue of Forbes Magazine. Inside, Russell, who is worth an estimated $75 million, shares some big news about the next chapter.

On his upcoming plans:
In January, he’ll debut Tantris, a yoga line for women and men. “It’s going to be high-end and sexy,” he says. “Something way more sexy than what Lululemon is doing.” He’ll also publish a book, Mass Mantra, which is a do-it-yourself guide to meditation.

On moving to L.A.:
“It’s new inspiration, new shit,” he says, explaining the move to L.A. “I’m gonna make a bunch of movies and TV. I’m gonna take my kids to school. It’s a new life.” He’s contemplating producing two small-budget films and has a new deal with a YouTube channel that will function as an incubator for talent and ideas that could be spun into TV and film.

On his new girlfriend:
He has a new steady – they’ve been on ten dates–named Leila Lopes, a 26-year-old Angolan who happens to be the reigning Miss Universe. Simmons stops short of calling her his girlfriend, though. He’s frequently photographed with comely young women. Lopes is charming and poised, “good company,” Simmons says. But when his friends started telling him “this is your Michelle Obama,” it freaked him out.

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