Simmons & Lee Finally Sell Marital Home
Rap mogul RUSSELL SIMMONS and his model ex-wife KIMORA LEE can now put their marriage fully behind them after finally finding a buyer for their marital home.
The pair split in 2006 and their divorce was finalised last year (09), with Lee gaining sole custody of their two daughters.
They put their huge estate on the market in 2007 for a whopping $23 million (£15.3 million) - $10 million (£6 million) more than they paid for the property in 2001.
However, the mansion - which features 10 bedrooms, 11 bathrooms and two pools - failed to entice buyers hit hard by the economic downturn and spent three years on the market.
The pair has now agreed a contract with a buyer after slashing the asking price to around $13.9 million (£9.3 million), according New York Post gossip column PageSix.