- He attended an advertising academy, and graduated with a diploma as a skilled typesetter.
- Since the early 1970s, he worked as a comedian, mostly on stage, sometimes on radio and TV. Many of his performances were released as frequently best-selling sound recordings.
- He was frequently the butt of jokes by other comedians, but gained a cult following in Germany.
- Asmussen's version of "Mein Gott Walter" by Mike Krüger appeared in German single charts. He made parodies of other songs., and wrote also several books.
- Asmussen accused the entertainer and comedian Dieter Hallervorden several times of using various gags without his consent, such as the famous "bottle of French fries" skit ("Palim-Palim"), which Hallervorden bought for his program from the entertainer Heinz Quermann. This controversy was eventually parodied by Harald Schmidt and Oliver Pocher in the show "Schmidt & Pocher".
- He was a German comedian and entertainer, known for his rapid delivery of puns and deliberately unfunny jokes.
- Oliver Kalkofe and Fips Asmussen maintained a humorous rivalry.
- Fips Asmussen's early comedy was more sophisticated and political. His later comedy performances became known for unfunny, mostly politically incorrect jokes and puns delivered in his trademark rapid stream, often considered to be "so unfunny they're funny again.".
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