Hip-Hop mogul/philanthropist Russell Simmons will be honored by The Stevie Awards during the American Business Awards’ ceremony this month in New York City.

Simmons will be honored with the Difference Maker Award at the 9th Annual American Business Awards ceremony, which will take place on June 20th.

Russell Simmons is being honored for his influence in music, fashion, finance, film and philanthropy over the past 30 years.

Over 600 business executives from around the country will attend the annual event, which is being hosted by FOX News’ business reporter, Cheryl Casone.

“Russell Simmons is the personification of the American business spirit,” said Stevie Awards President Michael Gallagher. “His approach to building businesses for the future — which are both sustainable and philanthropic — has instigated change in corporate America. He has the kind of vision as a business leader that not only makes a difference, but creates a path that inspires others to follow and that’s why we are proud to honor him with this award.”

The American Business Awards is one of the premier awards program presented by The Stevie Awards in the United States, which honors individuals who are excelling in a variety of businesses categories.

The 9th Annual American Business Awards take place June 20th at the Marriott Marquis Hotel.