Russell Simmons: To pay $40,000 a month for kids

Russell Simmons: To pay $40,000 a month for kids

American music and fashion mogul Russell Simmons has agreed to pay Kimora Lee Simmons $40,000 a month in child support.

Russell Simmons filed for divorce in March 2006. Their divorce was finalized on January 30, 2009.

All the divorce business between Russell Simmons and Kimora Lee Simmons has been sorted out on Thursday.

As per court order, Kimora won full custody of daughters Ming, 9 and Aoki, 6. The court also ordered Russell to pay $40,000 per month until the daughters turn 19 and a half.

Russell Simmons said that his kids have a fabulous life and he is happy to contribute to it. He also said that as long as he has money, they will have money.