U.S Celebs

Dr. Dre and His Wife Nicole Young Reach a $100 million Divorce Settlement

Dr. Dre and His Wife Nicole Young Reach a $100 million Divorce Settlement
U.S Celebs

Dr. Dre and His Wife Nicole Young Reach a $100 million Divorce Settlement

Dr. Dre and His Wife Nicole Young Reach a $100 million Divorce Settlement

After a lengthy court battle, Dr. Dre (Andre Young) and his now ex-wife Nicole young have finally reached a $100 million divorce settlement.

Although Nicole originally demanded half of his assets, the hip hop mogul who is worth an estimated 820 million dollars was delighted to only pay a fraction of his enormous wealth largely due to a prenup that the former couple had previously agreed on to.

Under the agreement, Dre will be able to split up his massive payments, with Young receiving $50 million now and another $50 million in one year.

Dre to keep most of the Assets thanks to their prenup

The terms of the settlement appear to be favourable to the hip hop icon, and he will also be keeping seven properties that the former couple shared.

Some of these include their home in Malibu, two properties in Calabasas and four more in Los Angeles, including a mansion in the city's tony Brentwood neighbourhood worth $100 million.

Young was also unable to get a share of his music money, as he'll keep the rights to his lucrative master recordings.

The 56-year-old will also retain all of his trademarks and any commercial partnerships and trusts that he's already invested in. This includes a significant chunk of Apple stock he obtained after selling his company, Beats by Dre to apple.

[getty src="483743092" width="594" height="411" tld="com"]

The former couple's vehicles will be divided somewhat more evenly, with Young getting to keep four, while her ex-husband will keep six.

She'll also keep all of her pricy jewellery, as well as all of the funds that she had managed throughout her marriage to Dre.

After she filed for divorce, Dre placed several of their belongings in storage, but she will be able to reclaim all the items that were hers.

However, Young will be responsible for paying her own legal fees, which will have amounted to millions of dollars after the lengthy divorce battle.

A previous temporary order from the judge overseeing the divorce required Dre to pay Young $293,306 per month in spousal support, though the final agreement ends those payments.

He had previously made a one-time payment of $2 million to his ex, along with $500,000 for her legal fees. It's unclear if those funds will be subtracted from the final settlement, or if she will get to keep them.

Rocky Marriage

Earlier in December, Dre celebrated finalising his divorce with a photo of himself beaming in front of a display of large silver balloons spelling out "Divorced AF."

Sources claimed to TMZ at the time that a final agreement hadn't been signed, but his lawyer Laura Wasser said the two were technically divorced but still working on the financial details at the time.

During their tumultuous divorce proceedings, Young claimed in her initial filing that the music producer threw her out of their home on April 2, 2020, after a night of his alcohol-induced, brutal rage, which included, but was not limited to, his screaming at her to "get the f*** out."'

She also claimed the marriage was 'earmarked by all types of abuse,' and she included shocking claims that he had punched her and even pointed a gun at her head several times.

Dre and Young first tied the knot back in 1996 and share daughter Truly Young, 20, and son Truice Young, 24.

read also

December 29, 2021

BURNA BOY RESPONDS AFTER WOMAN CLAIMS SHE GOT PREGNANT BY HIM AND SUFFERED A MISCARRIAGE

READ