Russell Simmons Ordered to Pay $40K Per Month For Child Support

Hip hop magnate Russell Simmons will probably be going hard to find some lucrative business investments in the near future, as his divorce from Kimora Lee will cost him a whopping $480,000 a year in child support.

According to TMZ, the founder of Def Jam and Phat Farm will have to pay $40,000 a month for his daughters, or $20K per child. According to the documents in the case, Ming Lee, 8, and Aoki, 5, will see their father with the accompaniment of a nanny and a pre-determined authority at all times, whom will be named by Kimora Lee.

The documents also specify exactly how long Simmons will have to make the payments:

“Child support in the amount of Twenty Thousand ($20,000) Dollars per month per child continues as to each child until a child is emancipated, reaches the age of nineteen and one half years (July 21, 2019 for Ming Lee; February 16, 2022 for Aoki Lee), dies, marries, becomes self-supporting, is no longer residing with [Kimora Lee], joins the armed forces, is otherwise legally emancipated, or until further order of the Court, whichever occurs first.”
­ The president and creative director of Baby Phat has sole physical custody of the girls, and Simmons will be able to see them for pre-arranged visits. Simmons will be able to see his daughters every two months, besides holidays such as Father’s Day and his birthday.

According to the documents, “the children shall be with [Simmons] every eighth week from Saturday at 9:00 a.m. until the following Saturday at 6:00 p.m.”

Lee and Simmons separated in March of 2006 and filed for divorce this year citing irreconcilable differences.