Russell Simmons' Child Support Deal Astounding
- By Maggie Rinestone
- Published 06/28/2008
- Urban Star News
Simmons Receives One Week Visitation Every Eight Weeks
Russell Simmons The children of Russell Simmons will be living the good life for their entire childhood. Simmons and soon to be ex-wife Kimora Lee have worked out a child support deal that is mind boggling.
There is no doubt that Simmons is extremely wealthy. A lot of that wealth will now be spent on his children after Simmons and Lee reached a custody agreement.
Simmons will be required to pay $20,000 per month for each of his two children. The payments must continue until the children are nineteen and a half years old. There
If either joins the armed forces, becomes self supporting by moving away from their mother, or gets married, the payments would end. That is just the beginning of the craziness.
Under terms of the agreement, Simmons must buy or lease a car worth at least $60,000 every twenty four months once the children can drive. Visitation rights were granted in the agreement, but not much. Simmons will be allowed one week out of every eight to see his children. Extra time will be added on holidays and in the summer.
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18 Responses to "Russell Simmons' Child Support Deal Astounding" 
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said this on 28 Jun 2008 5:29:21 PM PDT
20K is nothing if his homies bust a cap in her ass next month... FO SHO
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said this on 28 Jun 2008 5:49:01 PM PDT
kimora is nothing but a gold digger. btw is kimora a female or tranny?
she's looks disgusting and she's even more disgusting the way she acts. |
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said this on 28 Jun 2008 9:05:10 PM PDT
Its cheaper to get a crackhead to take care of this for you.
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said this on 28 Jun 2008 10:28:22 PM PDT
That is BUL#$%# why are they denying a father the right to his kids. He should have just as many right as her. Complete sexism!!!! Why is it that he has to pay all that but does not get any time that is terrible... 7 weeks without their daddy. What kind of skank woman is this and what court system will allow this crap!! If she wants them 87% of the time she should pay 87% of the money!!!
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said this on 26 Jul 2008 8:22:07 PM PDT
I obviously don't know how to read because the article is about two people agreeing on a child support schedule, as well as visitation. Nobody is denying the father anything. I'm a tad ignorant.
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said this on 29 Jun 2008 2:15:29 PM PDT
why don't you all mind your own dirty business
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said this on 29 Jun 2008 2:45:37 PM PDT
Child support is Involuntary servitude. Who is to say how much a parent feels like or will spend on their child? Some spend allot, some don't, some save for college, some don't. My truth and experience after paying for 15 years is this: "This system has conspired wittingly or unwittingly and managed to take away the money of the richer parent, earmarked for college educations, and given it to another adult who spends it as they see fit." Did you know that the more the "family courts" collect the more federal grant money they get to "run their courts" (fuel their 401k's, pay raises, etc) ?
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said this on 29 Jun 2008 7:18:16 PM PDT
She is one greedy bi**h. He should have complete custody of his kids.
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said this on 29 Jun 2008 7:34:18 PM PDT
Paying out that kind of money.... AGREEING to willfully, even..... well, he obviously doesn't WANT his kids with him any more than that! Quite typical, really.
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said this on 29 Jun 2008 9:57:37 PM PDT
I need a new pair of pubas to run from the cougas.... eh Russ?
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said this on 29 Jun 2008 10:24:57 PM PDT
man he got robbed. who was his lawyer, the cashier at mcdonalds? hell i could of gotten him a better deal.
ive seen that show she has before haha what garbage. id rather watch paint dry. cant believe people see anything in that big nosed asian |
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said this on 30 Jun 2008 9:20:57 AM PDT
How can I quickly get adopted into this family? Oh, no, wait, then I'd have Kimora Lee as my mom.
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said this on 30 Jun 2008 1:58:40 PM PDT
In 2004 she was arrested for possession of pot and various traffic infractions following a traffic stop in New Jersey. No matter how you paint it she broke the law. Her ex-husband has tried to be socially conscience, with attempts to repeal the minumum mandatory crack cocaine sentencing. I think that Kimora is a tactless and rather crash person. Obvious the family courts didn't take this into consideration.
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said this on 28 Jul 2008 7:34:03 PM PDT
I beleive and know that he will be allowed more time with kids but I do believe that he will become richer and stronger I speak that He will be as twice as rich as his ex-wife tried to break him but do know that God Knows and see all and this is not a problem or the end Ms Kimora Lee and do know that I wanted him to take care of his kids but do not every try to humilate are intimidate his father or try to use me to get what you want because I am a mother fighting to but He is a true farther and God is extorting him to new beginings thank for the Harrassment of me not being able to be at court much love and no stress Thank you very much Ms Madie Ruth Jackson No more Distractions Please Time is running Out Ha Ha Ha
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said this on 06 Jan 2009 1:13:48 PM PDT
not that I am siding with a greedy chick but check this out:
"Simmons' world is one where the vibe of the streets can be cleaned up — a bit —and sold to the masses. (Read: suburban kids.) He co-founded, then sold one of the first successful rap record labels, Def Jam Records (Beastie Boys, LL Cool J). And he founded the first successful "urban clothing" company, Phat Farm, and its spinoff for women, Baby Phat, which is run by his wife, former model Kimora Lee Simmons. (They're separated.) He's since sold the lines, although he remains CEO. He produced The Nutty Professor starring Eddie Murphy, the Def Comedy Jam series on HBO and other ventures. Black Enterprise magazine estimates that his company, privately owned Rush Communications, collected revenue of about $360 million in 2005, making it the 11th-largest black-owned firm in the country. Simmons' net worth has been variously estimated at somewhere between $325 million and $500 million. " Dude is worth 500 million when you do the math on the deal. The will get 12 million or so. 12 mill is chump change to this dude. That is not even close to the 20% that a normal joe blow would have to pay in child support. |
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said this on 15 Feb 2009 9:25:04 PM PDT
I wish I could get my deadbeat dad to pay that much for me!
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said this on 26 Feb 2009 9:40:16 PM PDT
Something must have happened. Why does a nanny have to be with him whenever he's with his girls? What kind of lawyes doeshe have? It's almost like blackmail.
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