Russell Simmons To Pay $40,000 A Month In Child Support

Russel Simmons ordered to pay $20,000 a month for each child. Simmons will pay $480,000 per year

In court documents, obtained by TMZ and filed in Los Angeles Superior Court on Tuesday (June 24), it looks like the hip-hop mogul is to pay $20,000 per month for each of his two daughters, Ming Lee and Aoki Lee, beginning in July.While Kimora maintains sole custody of the two children, Russell will get visitation rights. He will get his kids every eighth week from Saturday until the following Saturday when they are to be returned at 6:00 p.m., according to the documents, which will take place in Los Angeles, where Kimora resides. However, holidays, summers, and vacations, are also options.Once reading through the documents, it's revealed that the $40,000 per month isn't the only thing he's responsible for either. The couple's Saddle River, New Jersey home, which was featured on MTV's "Cribs" in the past, has been put on the market, and Kimora will be able to occupy the residence until it sells. On top of that, Russell is told to fork out $18,000 for up-keep per month to Kimora until it is sold.Later in the court documents, it says that Russell is responsible for providing Kimora with a vehicle every two years, valued at no less than $60,000.Despite all the big money he has to shell out, he may seek a reduction in monthly payments if his income falls 30% below what he filed in his 2008 tax filing. These child support payments will commence until 2019 for Ming Lee and 2022 for Aoki.

The ideal of paying child support is not an issue, but what about the woman who is in it only for the gain? She was never married to the man but expects to have a monetary gain. She says I had his baby and the baby needs to live at the father lifestyle, the hidden words that are not being said is that she wants to live at the fathers lifestyle with the baby. I think that if the father did not want to have the baby and the mother choose to have the baby its on her, unless the father starts helping... Now if he starts he is obligated has to finish until the child reaches 18.