Russell Simmons vs Kimora Lee: Net worth compared following their latest co-parenting dispute

Russell Simmons and Kimora Lee were married for eight years and share two daughters together. The pair married back in 1998, but decided to split in 2006. At the beginning of their split, their relationship was harmonious. But after Lee's second marriage, Simmons accused his ex-wife and her new husband, Tim Leissner, of conspiring to transfer $4 million of his Celsius shares, the energy drink company, into their accounts.

While discussing money, have a look at Russell Simmons and Kimora Lee's respective net worths.

Russell Simmons has an approximate net worth of $10 million, according to Celebrity Net Worth. The record executive and entrepreneur makes a huge chunk of his money from being a co-founder of the hip-hop label, Def Jam Recordings. He later sold his shares to Universal Music Group for $120 million. Simmons also has his toes dipped in the fashion world with three clothing brands: Phat Farm, Argyleculture, and American Classics.

Furthermore, through his company, Rush Communications, Inc., he runs several businesses. This includes film and TV production companies, a management firm, a magazine, and an ad agency. He also owns a major share of the hip-hop website Global Grind.

On the other hand, his ex-wife, Kimora Lee Simmons, has a net worth of approximately $80 million. She is a former fashion model, a TV personality, and a fashion designer. She began her modeling career at the young age of 14 and started earning. Kimora was involved in the fashion world after her modeling career. She became the CEO and creative director of Baby Phat, which was formerly owned by her ex-husband. She managed to turn it into a high-end, luxury brand and branched out into accessories, perfume, and footwear.

Kimora Lee's reality show, called Kimora: Life in the Fab Lane, also contributed to her net worth. It aired for four years and gave fans a look into her personal and professional life.

Russell Simmons and Kimora Lee co-parenting disputes

Russell Simmons and Kimora Lee share two daughters: Ming Lee Simmons and Aoki Lee Simmons. For a while, after their divorce, Simmons and Lee were cordial with each other. Simmons even announced Lee's second marriage to Tim Leissner.

In 2021, Vanity Fair shared that Russell Simmons is taking the couple to court for conspiring to transfer $4 million of his shares from Celsius to their own accounts to help clear Leissner's $44 million bail fee. Kimora filed a countersuit and won. Her ex-husband had to pay her $100,000 after the judge ruled in her favor.

Things got heated in 2023 when Kimora Lee shared a post on Instagram right after Father's Day. She took to Instagram stories to write:

"We won't be bullied threatened or afraid... Stop telling fathers they should have fought harder to see their children & start asking mothers why he had to fight at all."

She continued:

"I'm so sorry to have to do this... But this man has been threatening my kids' lives. I'm hearing so much more now. We won't be bullied threatened or afraid... Leave my kids alone... This narrative of attacking the only caregiver, the only parent in the home with the kids, the mom, AND the kids for one's own shortcomings and embarrassments is dead. Dead. Dead."

Kimora Lee concluded by writing:

"The same abusive ish. This is how you manouver [sic] with the women all around you. Your threats and lies and intimidation manouvers [sic] and tactics are sad. Stop it please. Your own flesh and blood? Enough is enough."

A few hours ago (at the time of writing), Russell Simmons took to Instagram threads to share a photo of Kimora from a post by PEOPLE. He wrote:

"I gave u 50,000 a month for 20 years. I was ur best /only friend. I'm the godfather to your other 3 kids, until one day you stole my stock. I have been fighting for my kids love and my bread ever since. You threatened that if I sued you, I would never speak to my kids again. There are two sides to every story."

Russell and Kimora's younger daughter, Aoki, has spoken out about her father's behavior publicly on her social media. In one post, she even wondered if her father has dementia from the way he is behaving towards his children.

In conclusion, Russell Simmons and Kimora Lee's relationship changed greatly after their divorce. While they were once cordial co-parents, money disputes and legal battles created serious conflict between them. Today, their disagreements have become public and have also affected their children.

Also read: Russell Simmons alleges ex-wife Kimora Lee is blocking access to their kids amid ongoing feud

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