A judge signed off on a custody agreement in L.A. court Thursday that states Russell Simmons will pay ,000 in monthly child support until his two daughters turn 19 1/2 and make sure they get a new car worth at least ,000 every three years.

And Russell — who is father to kids Ming Lee, 9, and Aoki Lee, 6, with ex Kimora Lee Simmons — doesn’t seem to mind.

“I am reading these stories today…

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