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Russell Simmons Doesn't Mind $40,000 Per Month Child Support Payment

Don't think Russell Simmons is upset that he will be paying $40,000 per month in child support, as per a custody agreement reached last week.

In fact, Simmons -- who is father to Ming Lee, 9, and Aoki Lee, 6, with ex Kimora Lee Simmons -- doesn't seem to mind.

"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," says music mogul Simmons on his website.

"Nothing was ordered, it was given. 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!"

The agreement states that Kimora will receive child support payments until his two daughters turn 19 1/2. But it also includes a rather unusual clause that will make sure the girls get a new car worth at least $60,000 every three years.

Kimora has sole legal and physical custody of the children, with monitored visitation for Russell, who will be allowed custody for one week every two months.

March 2, 2009 |

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