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Russell Simmons and Kimora Lee Simmons have finalized the terms of their divorce. Per the agreement, the hip hop mogul will have to hand over $20,000 per kid in child support (they have two children, Ming Lee and Aoki) plus pay Kimora $18,000 a month to cover the costs of their Saddle River, NJ home, which is now on the market for $20 million. There are plenty of other legal stipulations—Russell has to pay to have a bodyguard accompany the kids at all time, he's not allowed to bad-mouth KLS in the presence of their kids, he's obligated to make sure the kids have their seatbelts fastened whenever he gets in a car with them—but you can review all the legal mumbo jumbo yourself after the jump.

Divorce gives Russell Simmons' daughters a big phat allowance [NYDN]