Ty Beanie Baby/Buddy Schweetheart the Orangutan

That is the Schweetheart the Orangutan Beanie Baby, produced by Ty. This plush toy was first released on January 23, 1999, and subsequently retired later that year, making it a popular collector's item

Orangutan (often referred to as a monkey). 

Features an orange-red body with a brown face and peach-colored muzzle, hands, and feet. The fabric uses a "tip-dyed" process.

Has yellow and black button eyes, black stitching for the nose and mouth, and a tuft of light brown fur on its head