Russell Simmons Explains $40,000 Monthly Child Custody Payments

A judge signed off on a custody agreement in L.A. court Thursday that states Russell Simmons will pay $40,000 in monthly child support until his two daughters turn 19 1/2 and make sure they get a new car worth at least $60,000 every three years.

And Russell -- who is father to kids Ming Lee, 9, and Aoki Lee, 6, with ex Kimora Lee Simmons -- doesn't seem to mind.

"I am reading these stories today about how a judge ordered me to pay Kimora $40,000 a month in child support and I want to make something very clear. Nothing was ordered, it was given," the music mogul wrote on his blog, GlobalGrind.com.

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"My kids have a fabulous life; they are exposed to a broad range of artistic and scholastic educational programs and I'm very happy to contribute to that," he continues

"As long as I have it, they can have it. If I ever don't have it, I'm coming to live with them!" Simmons says.

In addition to the car and child support, Kimora Lee won sole legal and physical custody of the girls, with monitored visitation for Russell. He'll also have custody of the girls one week every two months during the school year, and on a few holidays.

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Russell and Kimora split in 2006, but didn't officially file for divorce until 2008. She's currently expecting a baby with beau Djimon Hounsou.

Published 3/2/09 by

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