Looks like Russell Simmons is the latest music mogul to be taken to the bank for child support following his recent divorce from Kimora Lee Simmons. According to court documents obtained by TMZ, Simmons will be ordered to pay $480,000 per year (or $20,000 per kid/ month to be exact.)
Kimora will maintain sole custody of their two children, Ming Lee and Aoki Lee with Russell will be “granted” visitation every eighth week. In addition, Russell is ordered to pay $18,000/ month for maintenence of the couple’s Saddle River, New Jersey Crib which they have put on the market to sell. Kimora will be allowed to freeload at the residence untill they close on the house. If that’s not enough, Russell must provide Kimora with a new whip every two years, valued at no less than $60,000.