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Kimora Lee Simmons Gets Sole Custody of Children
Kimora Lee Simmons has won sole custody of her two daughters with hip-hop mogul Russell Simmons, Ming, 8, and Aoki, 5.
According to legal papers obtained by The Insider, Russell Simmons gets the girls one week out of every eight, plus extra time for summer vacations and holidays.
In addition, he pays $20,000 per child per month in child support. That cash flow stops when each reaches the age of 19 1/2, or until the daughter is emancipated, married, becomes self-supporting, joins the armed forces or stops living with Kimora Lee Simmons.
Finally, he's required to buy or lease a car valued at $60,000 or more for the girls once every 24 months.
Kimora Lee Simmons, 33 and CEO of the Baby Phat line, cited irreconcilable differences when she filed for divorce from Russell Simmons, 50, in March after nearly 10 years of marriage.
She is now "kind of engaged" to actor Djimon Honsou.
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Posted 6/27/08 11:06 AM  |
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mamallama
<3 <3 <3
Member since 9/07 5035 total posts
Name:
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Re: Kimora Lee Simmons Gets Sole Custody of Children
Finally, he's required to buy or lease a car valued at $60,000 or more for the girls once every 24 months.
interesting...
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| Posted 6/27/08 11:30 AM |
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CathyB
Member since 5/05 19403 total posts
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Re: Kimora Lee Simmons Gets Sole Custody of Children
 $40k a month in child support!  That's more than I made annually in my first job!
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| Posted 6/27/08 1:40 PM |
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Sash
Peace
Member since 6/08 10312 total posts
Name:
fka LIW Smara
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Re: Kimora Lee Simmons Gets Sole Custody of Children
Yowzer
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| Posted 6/27/08 1:47 PM |
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HeatherRose
Life is Good :)
Member since 11/07 6605 total posts
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Re: Kimora Lee Simmons Gets Sole Custody of Children
wow, thats a lot of $$$$
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| Posted 6/27/08 2:06 PM |
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julybride0706
LIF Adult
Member since 3/07 1376 total posts
Name:
kaitlyn
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Re: Kimora Lee Simmons Gets Sole Custody of Children
Posted by MrsGraz
Finally, he's required to buy or lease a car valued at $60,000 or more for the girls once every 24 months.
interesting...
i know right?
talk about making sure your kids are spoiled 
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| Posted 6/27/08 2:25 PM |
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nrthshgrl
It goes fast. Pay attention.
Member since 7/05 57538 total posts
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Re: Kimora Lee Simmons Gets Sole Custody of Children
Posted by julybride0706
Posted by MrsGraz
Finally, he's required to buy or lease a car valued at $60,000 or more for the girls once every 24 months.
interesting...
i know right?
talk about making sure your kids are spoiled
The federal mandate for child support is 1/3 of his monthly income. That is the minimum - courts usually grant higher.
I don't think it's that far out of range considering how much he brings in. Although not related at all to child support, but for her settlement amount he was cited on numerous occasions stating his wife as the reason he was so successful. I know because everytime I read an article, I thought "Dumbazz, there goes your % of the business."
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| Posted 6/27/08 3:40 PM |
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PegaLega
Lets Get This!!!!!
Member since 1/07 1110 total posts
Name:
Peggie
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Re: Kimora Lee Simmons Gets Sole Custody of Children
Posted by MrsGraz
Finally, he's required to buy or lease a car valued at $60,000 or more for the girls once every 24 months.
interesting...
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| Posted 6/27/08 6:15 PM |
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sometimesmommy
Always in my heart.....
Member since 11/06 6686 total posts
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Re: Kimora Lee Simmons Gets Sole Custody of Children
Posted by nrthshgrl
Posted by julybride0706
Posted by MrsGraz
Finally, he's required to buy or lease a car valued at $60,000 or more for the girls once every 24 months.
interesting...
i know right?
talk about making sure your kids are spoiled
The federal mandate for child support is 1/3 of his monthly income. That is the minimum - courts usually grant higher.
I don't think it's that far out of range considering how much he brings in. Although not related at all to child support, but for her settlement amount he was cited on numerous occasions stating his wife as the reason he was so successful. I know because everytime I read an article, I thought "Dumbazz, there goes your % of the business."
For the record she is very driven so its not too far from the truth that she breathed life into a brand that was falling fast.
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| Posted 6/28/08 12:34 AM |
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MissJones
I need a nap!
Member since 5/05 22132 total posts
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Re: Kimora Lee Simmons Gets Sole Custody of Children
Seriously, the car thing??? 
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| Posted 6/28/08 8:24 AM |
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MrsS518
Big Sister to be!
Member since 7/07 3423 total posts
Name:
Tara
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Re: Kimora Lee Simmons Gets Sole Custody of Children
wow
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| Posted 6/29/08 10:05 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Kimora Lee Simmons Gets Sole Custody of Children
I just looked it up and he's worth $340 million
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| Posted 6/29/08 11:23 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Kimora Lee Simmons Gets Sole Custody of Children
there is a stipulation about a $60k or more car in there for the kids but nothing for their education  shows where their priorities are
I really hate her, she is such a POS
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| Posted 6/29/08 12:05 PM |
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