Russell Simmons To Pay $40,000 A Month In Child Support

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Site Last Updated: 3:36 AM EDT, August 30, 2008	Make BallerStatus Your Homepage

Published: Wednesday - June 25, 2008
Words by Allen Starbury

Russell Simmons (Photo: RSMG)

Russell Simmons' divorce from Kimora Lee Simmons is gonna cost him a pretty penny in child support -- $480,000 per year to be exact.

In court documents, obtained by TMZ and filed in Los Angeles Superior Court on Tuesday (June 24), it looks like the hip-hop mogul is to pay $20,000 per month for each of his two daughters, Ming Lee and Aoki Lee, beginning in July.

While Kimora maintains sole custody of the two children, Russell will get visitation rights. He will get his kids every eighth week from Saturday until the following Saturday when they are to be returned at 6:00 p.m., according to the documents, which will take place in Los Angeles, where Kimora resides. However, holidays, summers, and vacations, are also options.

Once reading through the documents, it's revealed that the $40,000 per month isn't the only thing he's responsible for either.

(View the official court documents here.)

The couple's Saddle River, New Jersey home, which was featured on MTV's "Cribs" in the past, has been put on the market, and Kimora will be able to occupy the residence until it sells. On top of that, Russell is told to fork out $18,000 for up-keep per month to Kimora until it is sold.

Later in the court documents, it says that Russell is responsible for providing Kimora with a vehicle every two years, valued at no less than $60,000.

Despite all the big money he has to shell out, he may seek a reduction in monthly payments if his income falls 30% below what he filed in his 2008 tax filing.

These child support payments will commence until 2019 for Ming Lee and 2022 for Aoki.

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COMMENTS (34)

Dozer Says:
Tuesday - July 1, 2008 at 8:09pm

I agree with GregInNY. Why is it men and women supposed to be equal now but men are still paying for everything? And just think, some dust-head unemployable nigga is going to be sitting up under Kimora, bragging to his friends that Russell's child support just bought him a fresh new pair of kicks and some shoes for tha ride...Snoop Dog says: "Bitches ain't shit but hoes and tricks..."

Betty Boop40 Says:
Tuesday - July 1, 2008 at 12:17am

Why is everyone so concerned about what Russell is paying Kimora in child support. He agreed to the terms because those are his daughters. Whether I agree with the amount he is paying or not, it was his decision to pay it. We do not know what she is going to do with the money, she may be putting it in a trust fund for her daughters just in case something happens. Money comes and it goes very quickly so hopefully this money is going towards the girls futures.

Aviance Robinson Says:
Monday - June 30, 2008 at 2:52pm

That is alot of money for two children .First of all no body is hating on her any woman knows that is two much and they have money of their own .That is called Greed then he has to keep her a new car every two years ... so what is she goin to do with all the money that she makes save it...

Quan Says:
Monday - June 30, 2008 at 10:33am

I think that she got a fair deal, I don't see what he fuss is all about!

Moonchild Says:
Monday - June 30, 2008 at 10:01am

Damn yall! Russell can pay whatever the f*ck he wants. That's his kids too and his choice. And stop haten on Kimora. Don't be mad because she got more then you got. You people don't even know her like that to hate on her so freaking much. Its ridiculous. They have two beautiful girls and both know what's best for thier kids. I can admit that Kimora can be a little over the top sometimes (I watch her show) but she's a business woman and she doesn't let anyone run over her. You go Kimora!

OhMyWhoDat Says:
Monday - June 30, 2008 at 12:47am

Russle agrees to pay because kim knows of his secrets like him being on the D.L. If he wasnt a bitch , he would've been fucking with black bitches. If he has no complaints about the laws you shouldnt. If you want to change something then go out and vote crying ass bitches!

yaya Says:
Sunday - June 29, 2008 at 2:50pm

Kimora is looney. But Russell is even crazier for agreeing to pay it. He obviously had no qualms with it because it was settle quickly. If he had a problem with it, he would've contested it, but he didn't and he has the money to draw it out if he wanted to and make it hell for Kimora. She must have something on him or he just doesn't care. And if he doesn't care, no one else should.

mike Says:
Sunday - June 29, 2008 at 1:47pm

That bitch is just all about the money. Child support is for the kids NOT for her keeping up with her life style. She had that million dollar life style because of him. Know has kids deserve that life style,BUT that money hungry bitch needs too get a job. hahahah like that is going too happen.She will just set around the house waiting on her check too be depoisted in her bank account and go spend it on $5000 dollar on a pair of shoes or something like that. In the mean time who will have too still buy everything for his kids he will thats RIGHT.And another thing that BITCH needs too go get her own car ................ no guy needs too buy some bitch a 60,000 plus dollar car avery 2yrs.

GregInNY Says:
Sunday - June 29, 2008 at 12:43am

This is why its stupid for men to get married. Why is it men and women supposed to be equal now but men are still paying for everything. You want money, get a job, my name aint welfare. If I was Russel I'd hire a hit squad and give that moon-faced bitch a dirtnap.

Mangomamma Says:
Sunday - June 29, 2008 at 12:18am

Your collective level of misogynistic bullshit and ignorance is really irritating. Kimora helped Russell build Phat Farm. She assisted in creating the brand image; her creation of fabulousity elevated Phat Farm’s brand. Branding costs billions. If Russell did not have Kimora, Phat Farm would be over. He owes her. Kimora is HALF black which means she is BLACK. Her children are black and have a black identity. So for you dumbassses talking ching chong, take a fuckin' geography lesson; the woman is from Saint Louis. Russell Simmons is worth between 325 million on a bad day and 500 million on a good day. Since net worth is about cash and property let's say he has only 10 percent of 325 in the bank. When you are worth this kind of money, you have diversified financial interests, which means you are getting about 11 percent return on your cash. What is 11 percent of 35 million? About 4 million bucks. He can pay up to 8 years of alimony in one year and not go to work to earn it. Wake up dumbasses.

Tawanna Says:
Saturday - June 28, 2008 at 6:35am

first off that chinese bitch look like something you buy out of a family dolla store that's been on the shelf too fokkin long.The bitch need to just hop in a boat and head back to Japan and stop fukkin with our men.He should've gotten with an american biotch like me.If I was fukkin with him and he was cheating and with the money he have,i would've shared that niggah with Eddie Murphy and Johnnie Gill with no problem(lmao)

JudasBarronx1 Says:
Friday - June 27, 2008 at 9:02pm

Well, I pay $610 a month out of two damn jobs cuz my son's mammy wanted me to help her with rent and her light bill when she had a boyfriend that wasn't capable of shit. She got help on everything but her personal shit so I got taken to court when I told her to kiss my ass. I feel for Russell even though I'm sure he can afford it. The system for Child support is nuthin but a rip off. What child needs 20,000 a month?! COME ON!

Clayton Says:
Friday - June 27, 2008 at 4:50pm

Whoa, that sucks. Kimora is cute, but apparently she's even smarter than she is cute. Let's be honest, rich people don't actually need child support. But for the sake of embarrassing your ex, why not right. I find Russell Simmons and Kimora equally lame; obviously she got it from him. But don't be mad because she's Asian. Look at the bright side, a black chick would've done the same thing. Oh wait, if a black chick did it we would say she's 'strong' and 'keeping it real' for her kids, or some mumbo jumbo, whatever. Kimora is a hot, rich, Asian slut that you all would love to have sex with; even you females in here. And Birdman did hit that after the "Shine On" video shoot.

kathy Says:
Friday - June 27, 2008 at 6:22am

Thats Crazy!

borntoblast Says:
Thursday - June 26, 2008 at 9:39pm

Thats some bullshit , that bitch gots her own money, I cant believe Russel is going to let the cum collector take all that money

Darnell Says:
Thursday - June 26, 2008 at 6:16pm

Dang.. Ain't that a BSH! My man RUSS created that slant eye fool. She was nothing til RUSS.. All you Men pay attention if it's not too late.. THis is how the enemy is destroying us. Through our women. Our stupid dumb women. My ex got me up like that too, but it's ok... I got like 6 years left... Kim better wake up. Russ is from the hood.. She betta respect daddy-O OuT

BLAKpope Says:
Thursday - June 26, 2008 at 3:46pm

She ani't that hot, got a turkey neck, & got her own money. Give a cum guzzler a inch & best belive me they will take a mile....

Original Df-Dubb Says:
Thursday - June 26, 2008 at 3:12pm

RUSSELL....IT MAY BE IN YOUR BEST INTEREST TO GO & BUY A SHOVEL, SOME DUCT TAPE, A 20-GAGE SHOTGUN, AN OUNCE OF MARIJUANA & A 24 PACK OF SCHLITZ MALT LIQUOR & A 5TH OF THUNDERBIRD. BINGE DRINK & SMOKE A LITTLE MY GOOD MAN, IT WON'T HURT NUTHIN. OH YEAH, GO & BUY SLIM SHADY'S FIRST CD & BUMP "97 BONNIE & CLYDE" UNTIL YOU KNOW IT BY HEART. YOU CREATED THAT SLANT EYED MONSTER RUSS, NOW IT'S TYME TO DESTROY HER.

Carla Says:
Thursday - June 26, 2008 at 2:22pm

That right, stick Russell up, he's a total douche bag !

Carla Says:
Thursday - June 26, 2008 at 2:21pm

$480,000 per year is high way robbery ! LOL....

roy johnson Says:
Thursday - June 26, 2008 at 1:20pm

that hoe is crazy russell put her on map nobody gave a fuck about her or knew her before russell married the bitch baby phat should have been enough for the hoe money is what she is about russell do not trust anybody when it comes down too your money i dont care how good the pussy maybe look what happen too shaq

Lou Says:
Thursday - June 26, 2008 at 11:14am

That is a lot of dough, but it sounds about right for these types of settlements. Time for some math: He's worth $340 million and assume 10% is in cash (which is reasonable) that comes out to $34 million. Child support is $480,000 per year or about 1.41% of that $34 million. He can earn that amount in bank interest alone. No big deal. The house is worth $25 million (probably closer to 20-22 in this market). Property tax in NJ is 1.60% of the value so thats about $400k per year or 33k a month (but I wouldnt be surprised if this is paid up already). The real issue is all the utilities and insurance. $18k will barely cover it. The $60k for a car every two years is really just FUCK YOU money. No prenup...see what happens???

bighub Says:
Thursday - June 26, 2008 at 11:10am

I wouldn't give that pot smoking dick chokin bitch no 20k per month and she pulls in a gnag of cahs herself. Shit the bitch has her own TV show. Where the fuck is some common sense Courts, Russell. The bitch act like she can't even buy her own fucking car. she is on some ho shit for real.

jose Says:
Thursday - June 26, 2008 at 10:09am

yo i never liked that brod...wtf do you need 40k a month for child support ?!!!...alotta people don't even make that much money in a year...and that 18k for house upkeep and that 60k car bullshit is ridiculous...BUT that shit is better than her takin' half. she filed for divorce in Cali so she can get half if she really wanted to...in a way he's gettin' off but still them expenses are just stupid..

FUCK THE JUDGE Says:
Thursday - June 26, 2008 at 10:03am

SHE HAS MONEY, THEM 18 STACKS IS FOR ALIMONY which he shouldn't be paying, 40 G'S FOR CHILD SUPPORT IS RIDIDCULOUS. FUCK THAT JACKIE CHAN LOOKIN BITCH. ID KILL HER

cashvilles don Says:
Thursday - June 26, 2008 at 9:50am

yeah right tell that bruce lee looking bitch to eat a dick the hoe was cocking that ass up on russel kwowing she was in the money i heard birdman and wayne done her bad and got it on tape

russ thedumb nigga Says:
Thursday - June 26, 2008 at 9:49am

This nigga got RAPE just like that. 40 grand a month what kind of fish & rice she feeding them.

thelyricalwriter Says:
Thursday - June 26, 2008 at 7:41am

I guess that's why the say it's cheaper to keep her huh! Okay on the real this amount is really outta control. If she needs this amount of money to supposedly take care of their kids then he should be awarded custody of the kids. It's obvious that he can provide for them better than she can financially if the courts are making him pay that amount of money. Just in case some of the females on here that are reading this don't catch on to this cycle. This is why alot of men won't get married. Seeing this kind of crap just keeps good men further away from marriage. Don't get me wrong I know the kids should be taking care of by far, but the crap about him paying 18,000 a month for the up keep of the place while she get's to live in it and paying for her to get a new car every 2 years for at least 60,000 is crazy!!! So many people in this world wish they just could have a car to get back in forth to work and then I read this crap. GREED GREED GREED is all I can say.

Sara Says:
Thursday - June 26, 2008 at 7:23am

Damn some bitches get all the luck. Not only did she not have to struggle to launch Baby Phat. She already had a built-in customer/fan base thanks to Phat Farm. Now, she even gets to stick it to her ex for even more money. I've got to get me an old, dumb, rich man.

Booya Says:
Thursday - June 26, 2008 at 7:10am

She is dead wrong but these men should know better by now. Everyone know most groupies are out to trap these wealthy men. She's used him to jump off 'babyphat' now she's about eat his ass up in child support. I can't even knock her hustle. Men are dumb & most of them will treat a ho like she's royal because she look good.

DREZZ Says:
Thursday - June 26, 2008 at 7:00am

Way to go kimora--get that money honey, he wanted to give it to you in the beginning why not in the end to and be fabulous darling!!!

neemo Says:
Thursday - June 26, 2008 at 4:19am

Always knew this Kimora chick was a bitch. How can she do this to good ol' Russell...Men life surely does suck. Bitch already got money. guess money is never enuff esp when u have anaa source u can fish out off

clinton Says:
Thursday - June 26, 2008 at 1:57am

Man them mutha fuckas is crazy wit 40,000 dollars u can get dat bitch killed lol da gov't is getting some of dat money too, them fucking kids don't need 40 grand dey mama already got money 700 is enough for both of them u talkin bout almost a half a mil a year and they kids, their income is more than the president wtf

ashy larry Says:
Thursday - June 26, 2008 at 12:30am

GOT DAMN! THAT'S ALOT OF FUCKIN MONEY! I'M STICKIN HIS ASS UP!