Court records show Russell Simmons has agreed to pay $40,000 a month in child support. That’s almost a half a million bucks a YEAR!
An L.A. County Superior Court judge approved the deal yesterday which gives ex-model and Baby Phat clothing mogul Kimora Lee Simmons sole custody of the couple’s two daughters, 9-year-old Ming and 6-year-old Aoki.
Simmons, the 51-year-old hip-hop mogul, was granted visitation and must pay child support until each daughter reaches 19 and a half years of age. In addition to the cash and custody, 33-year-old Kimora Lee has final say on whether her daughters appear on her reality TV show “Kimora: Life in the Fab Lane.”
Kimora, who is now pregnant with boyfriend Djimon Honsou’s child, filed for divorce in March of 2008 citing irreconcilible differences. The divorce was finalized last month.
Source:momlogic.com
