Kimora Lee Simmons and Russell Simmons have split, his agent confirmed Friday.

The hip-hop couple had been married seven years and share two daughters.

“Kimora and I will remain committed parents and caring friends with great love and admiration for each other,” Russell Simmons, 48, said in a statement issued by his agent.

The agent also said the couple had split some time ago, though they continued to live together.

Russell Simmons is the founder of Def Jam Records and the Phat Farm clothing line. Kimora Lee Simmons founded the popular Baby Phat line. Russell Simmons said their split would not affect business.

“We will … continue to work side by side on a daily basis as partners in all of our businesses,” he said.






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