March 2, 2009

Simmons to pay $40K a month in support

A Los Angeles judge has approved a custody agreement in which Russell Simmons promises to pay $40,000 in monthly child support, Usmagazine.com said.

The agreement states hip-hop mogul will support his daughters Ming Lee, 9, and Aoki Lee, 6, until they are 19 1/2. It also ensures his children with his ex-wife Kimora Lee Simmons will get a new car worth at least $60,000 every three years. The girls' mother was awarded sole legal and physical custody of them, while their father will have monitored visitation and custody of his children for one week every two months during the school year and on a few holidays, Usmagazine.com reported.

Russell and Kimora Lee Simmons separated in 2006 but didn't file for divorce until last year.

I am reading these stories today about how a judge ordered me to pay Kimora $40,000 a month in child support and I want to make something very clear. Nothing was ordered, it was given, Russell Simmons said in a message posted on his blog, GlobalGrind.com. My kids have a fabulous life; they are exposed to a broad range of artistic and scholastic educational programs and I'm very happy to contribute to that. As long as I have it, they can have it. If I ever don't have it, I'm coming to live with them!