ERIC B. & RAKIM - PAID IN FULL
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IT'S PAY DAY FOR KIMORA, I SHE WILL RECEIVE CHILD SUPPORT FOR THE TWO KIDS.
Each of the hip-hop mogul's two girls with estranged wife Kimora Lee is set to receive $20,000 a month in child support. That's a total of $480,000 each year for kids who already live in a palatial $24 million estate in Saddle River, N.J. Their mom, a former model, is CEO of the Baby Phat fashion house. The agreement shows that until 2019, Russell Simmons will continue payments for Ming Lee, now 8, and, until 2022, for Aoki, now 5. Russell wil be granted reasonable child visitation accompanied at all times by the children's nanny and security personnel.
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OBAMA HELPING HILARY OUT?
Sen. Barack Obama has asked members of his National Finance Committee to help former rival Sen. Hillary Clinton retire the debt from her failed presidential campaign. Obama and Clinton ran a protracted race for the Democratic presidential nomination that left Clinton with a campaign debt of more than $22 million when she bowed out this month.
Obama asked [the members] to contribute to Clinton's campaign if they were so inclined, but he did not direct them to do so.
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HARD TIMES FOR MR. KNIGHT
Global Music Group is the new owners of famed West coast-based rap label Death Row Records after former owner Marion "Suge" Knight lost his appeal Tuesday against a ruling that forced him to sell off the label's assets.
