Dr Dre and Nicole Young have finally settled their divorce.
In a surprising move, Dre struck a property settlement agreement with his ex-wife in which Dre agreed to pay Young $100 million — $50 mil now, and $50 mil a year from now.
Sources say Dre (real name Andre Romelle Young) is super happy the “divorce is final and Young is only getting a fraction of his estate.”
View this post on Instagram
Dre’s estimated net worth is $820 million. As for why Nicole didn’t get half, there’s a prenup …which she contested.
In exchange, Dre gets to keep 7 of the properties they own, including a Malibu home, 2 homes in Calabasas, and 4 properties in the L.A. area, including the $100 million Brentwood estate.
In addition, Dre gets full rights to his master recordings, trademarks and interests in various partnerships and trusts. He also gets to keeps all of their Apple stocks, which includes the proceeds from the sale of Beats by Dre.
Nicole gets to keep jewelry, cash and bank accounts that she had maintained during the marriage.
Nicole must pay her own legal fees which amount to millions of dollars. She will not get spousal support … something that was hotly contested during the divorce as well.
Nicole initially requested Dre pay her $2 million/month in spousal support.
As previously reported Nicole filed June 2020 citing irreconcilable differences. The couple has two adult children, Truice and Truly.
So do you think 100 million is too little or just enough? Sound off in the comments.