Rubin is well known for his wide range of hit productions, which include another sneaker anthem, Run-DMC's 1986 smash single, "My Adidas."
Guests expected to attend include Dave Chappelle, Charles Barkley, Patrick Ewing, Rihanna, Queen Latifah, Spike Lee, Moses Malone, Usher, Snoop Dogg, LL Cool J and others.
The Air Force 1 sneaker has become a staple of fashion in the Hip-Hop community and has been the topic of several songs, including Nelly's No. 1 hit, "Air Force One's."
The sneaker was created in 1982 and has remained one of Nike's top selling shoes for over two decades.