Kimora Lee Simmons is CASHING In
Kimora Lee Simmons has won sole custody of her two daughters with hip-hop mogul Russell Simmons, Ming, 8, and Aoki, 5.
Kimora Lee Simmons, 33 and CEO of the Baby Phat line, cited irreconcilable differences when she filed for divorce from Russell Simmons, 50, in March after nearly 10 years of marriage.
According to legal papers obtained by The Insider, Russell Simmons gets the girls one week out of every eight, plus extra time for summer vacations and holidays.
In addition, he pays $20,000 per child per month in child support. That cash flow stops when each reaches the age of 19 1/2, or until the daughter is emancipated, married, becomes self-supporting, joins the armed forces or stops living with Kimora Lee Simmons.
Finally, he’s required to buy or lease a car valued at $60,000 or more for the girls once every 24 months.
WTF!!!!!!!!!!!!!!!!!! I’ve never heard of anyone having to buy a pricey whip or lease one every 24 months for their kids with their ex-wife. Who the hell is Kimora’s lawyer? I need to start saving up now for when I split from my wealthy future ex hubby. Congrats, diva ho.
This Entry Posted to - BREAKUPS, Divas, WTF
Last 5 posts in BREAKUPS Category
- Big Mistake - August 28th, 2008
- Nicollette Sheridan and Michael Bolton's Fake Engagement is Over - August 27th, 2008
- John Mayer Dumps Jennifer Maniston - August 13th, 2008
- Who Didn't See This Coming? Adrian Grenier Dumps Isabel Lucas - August 13th, 2008
- A-Rod's Trying to Protect His Savings Account - July 31st, 2008
Responses are currently closed, but you can trackback from your own site.
