Simmons Regains Stake in Celsius Energy Drinks Following Federal Case
Russell Simmons has regained access to a portion of nearly 10 million Celsius Holdings shares held by the U.S. Department of Justice, tied to the prosecution of former Goldman Sachs banker Tim Leissner. The shares are currently valued at over $350 million in total, though the exact percentage Simmons receives was not disclosed. Court filings show Simmons agreed to use the stock first to pay creditors, including over $11 million in past-due settlements to six women as of 2025.
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Original headline: “Russell Simmons Recovers Celsius Drink Stock After Legal Battle Tied to Malaysian Bond Fraud.” Browse more stories.