Russell "Block" Spencer's net worth: Russell "Block" Spencer is an American hip hop executive who has a net worth of $10 million dollars. Born in Atlanta, Georgia, Russell "Block" Spencer grew up traveling between Atlanta and Los Angeles. He began working in the recording industry in the mid-90s and by 1997, had become the President of Suave House Records, a Houston-based record label. In 1999, he formed the label that would put him on the map, as one-third of the ownership of ShoNuff Records. ShoNuff would go on to discover such talents as Ciara and Jody Breeze. In 2000, he launched his own label, Block Entertainment. Block Entertainment has gone on to discover, and subsequently represent, such artists as Yung Joc and Boys in Da Hood. In the mid-2000s, he also began a successful partnership with music mogul, Sean "Diddy" Combs. He also has a deal with Warner Music Group and his currently negotiating a partnership with The Urban Wrestling Federation. Russell is also the ex boyfriend of Real Housewives of Atlanta star Kandi Burruss.