Russell and Kimora Work Things out!

Kimora Lee and Russell Simmons have finally worked out their custody battle for daughters Ming & Aoki Lee. According to reports Russell has agreed to pay $20,000/month for each child until they’re 19, he will supply them with a car worth no less than $60k and it will be replaced every 3 years until they’re 16, and they must have a nanny AND a security guard with them at all times when they’re visiting Daddy. Russell is will also get monitored visitation every eighth week in the school year and various holidays.

Russell Simmons New Menswear Wear Line

Russell Simmons has a new menswear collection that he show cased Friday at the Argyle Culture Fashion Show, which was held at the Setai Hotel in South Beach. The line consist of sporty suits, pinstriped shorts and argyle V-neck sweaters caters to the 25-and-over urban crowd.

The Divorce Will Cost Russell Simmons

Russell Simmons will have to shell out more than $40,000 each month for his two daughters, Ming Lee and Aoki with Kimora. His recent divorce from Kimora Lee Simmons is going to cost the $480,000 a year in child support.

The documents read as follows, "Child support in the amount of Twenty Thousand ($20,000) Dollars per month per child continues as to each child until a child is emancipated, reaches the age of nineteen and one half years (July 21, 2019 for Ming Lee; February 16, 2022, for Aoki Lee), dies, marries, becomes self-supporting, is no longer residing with [Kimora Lee], joins the armed forces, is otherwise legally emancipated, or until further order of the Court, whichever occurs first."

It also states that...

"When the children are in [Russell's] custody, they shall be accompanied at all times by a nanny and security person to be named by [Kimora],"

"The children shall be with [Russell] every eighth week from Saturday at 9:00 a.m. until the following Saturday at 6:00 p.m."

Thats Kind Of messed up

Russell Simmons Wants Joint Custody

Russell Simmons and Kimora Lee Simmons are both seeking to deny spousal support for the other, however Celebtv.com has also reported that Russell Simmons is asking for joint custody of his two daughters Ming, 8, and Aoki, 5. The documents were filed Tuesday (May 6) in a Los Angeles court, if you guys remember a few months ago Kimora asked for sole custody in their divorce filing, requesting that Russell get "reasonable child visitation ... to be accompanied at all times by the children's nanny and security personnel." Things may not have been as good of a split as we thought.