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Thursday, June 26, 2008

Kimora Lee-Simmons Set To Receive Millions in Divorce Settlement with Russell Simmons


According to NY Daily News, Kimora Lee-Simmons has racked up in the divorce settlement with her ex-hubby, Russell Simmons!

Here's what NY Daily News has reported:

Each of the hip-hop mogul’s two girls with estranged wife Kimora Lee is set to receive $20,000 a month in child support. That’s a total of $480,000 each year for kids who already live in a palatial $24 million estate in Saddle River, N.J. Their mom, a former model, is CEO of the Baby Phat fashion house. The agreement shows that until 2019, Russell Simmons will continue payments for Ming Lee, now 8, and, until 2022, for Aoki, now 5.

Kimora Lee, 33, filed for divorce in March after nine years of marriage. She’s asking for primary custody of the girls and that Russell, 50, be granted “reasonable child visitation … accompanied at all times by the children’s nanny and security personnel.”
Damn, I hate to see a brotha get played like Russell did! I like Kimora, but let's be real, this woman has been planning this big payday since the day she met Russell. She married him, gave birth to two children aka cashcows and left him hangin'. Now she is getting broke off something lovely. Not only will Russell be paying her a big loot, but she will also continue bringing in millions from her Baby Phat company.






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