Settlement: $40M
Cost/Day: $10K
Kimora kept the Baby Phat brand as part of the settlement.
Russell Simmons built a multi-billion-dollar fortune in Music / Fashion, married to Kimora Lee Simmons who was involved in public and charitable work.
The couple's assets included company shares, real estate, and other investments.
The couple was married from 1998 to 2009, 11 years in total.
The divorce settlement consisted of equity in Def Jam Recordings, real estate holdings, and long-term financial support.
Ownership restructuring occurred, affecting corporate governance and voting rights.
The settlement covered Baby Phat brand, New Jersey estate, cash, along with other financial holdings.
2 children were part of the family considerations in the divorce.