June 26

Kimora Lee Simmons Is Asking For $480000 Per Year In Child Support

Posted by Brian

kimora-lee-simmons-russell

I would have to believe that this is just strategy in a divorce, but Kimora Lee Simmons is demanding $480,000 per year in child support from Russell Simmons.

In documents filed on Wednesday at Los Angeles Superior Court, the fashion model-turned-designer is asking for $20,000 per month for each of the couple’s two daughters.

The papers suggest Def Jam Records co-founder Simmons’ should be expected to pay the huge sum each month until 2019 for Ming Lee, eight, and 2022 for Aoki, five, according to TMZ.com The coupleĀ  wed in 1998 and split in 2006, citing irreconcilable differences. The pair are seeking joint physical and legal custody of their children.Both parties are also asking the court to deny spousal support for the other.

Russell’s net worth is estimated at $340 million so the money shouldn’t be an issue. But Kimora is doing pretty well herself, so not sure why they would make this information public and drag out the divorce when they both are super rich. Their New York Mansion that was featured on MTV Cribs a few years back is on the market for $19.8 million. Hope this doesn’t get too ugly.

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2 comments...What do you think?

  1. 4AvatarsPosted by Obama Praises Russell Simmons And Jay-Z | Openentrance.com 26th June, 2008 at 8:10 am

    [...] is all about change, but our country has a lot bigger fish to fry than rap music. Plus I am sure this is causing Russell to use some not so nice words right now. Posted in Barack Obama, Jay-Z, [...]

  2. 4AvatarsPosted by Kimora Lee Simmons Granted Sole Custody of Kids | Openentrance.com 30th June, 2008 at 11:39 am

    [...] and fashion designer KIMORA LEE SIMMONS has been handed sole custody of her two children with estranged husband Russell Simmons. The [...]

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