Russell Simmons Has To Shell Out $40,000 A Month For Child Support
Have you ever heard the saying “It’s cheaper to keep her?” Well, that would probably ring true for Russell Simmons right about now.
The hip-hop mogul, via court documents filed on Tuesday (June 24) in Los Angeles, will have to pay $40,000 a month in child support to his ex-wife Kimora Lee Simmons.
That’s not it either, according to BallerStatus.com, the ex-couple have put their multi-million dollar mansion located in New Jersey on the market, and until it sells, he’s gonna maintain the up-keep, which amounts to $18,000 a month, payable to Kimora.
And… he is also responsible for providing Kimora, and the kids of course, a new car every two years, valued at no less that $60,000.
Wow… talk about a lot of dough. These child support payments will go on until 2019 for Ming Lee and 2022 for Aoki.
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