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Build Presents Russell Simmons, Donte Clark And Jason Zeldes Discussing 'Romeo Is Bleeding'

Source: Mireya Acierto / Getty

After the BIG shocking announcement about Matt Lauer being let go from the ‘Today’ show, we have even more shocking news…

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Earlier today (November 30), Russell Simmons announced that he is stepping away from his empire amid sexual assault allegations he’s facing from Jenny Lumet.

He released a statement saying, “I have been informed with great anguish of Jenny Lumet’s recollection about our night together in 1991. I know Jenny and her family and have seen her several times over the years since the evening she described. While her memory of that evening is very different from mine, it is now clear to me that her feelings of fear and intimidation are real. While I have never been violent, I have been thoughtless and insensitive in some of my relationships over many decades and I sincerely and humbly apologize.

This is a time of great transition. The voices of the voiceless, those who have been hurt or shamed, deserve and need to be heard. As the corridors of power inevitably make way for a new generation, I don’t want to be a distraction so I am removing myself from the businesses that I founded. The companies will now be run by a new and diverse generation of extraordinary executives who are moving the culture and consciousness forward. I will convert the studio for yogic science into a not-for-profit center of learning and healing. As for me, I will step aside and commit myself to continuing my personal growth, spiritual learning and above all to listening.”

Lumet wrote a column with The Hollywood Reporter detailing the sexual misconduct that happened with Russell Simmons. You can read her story, HERE!

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