
Dr Dre Pays $100 Million in Divorce Settlement to Nicole Young
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Dr Dre has settled his divorce case by striking an agreement with his ex-wife Nicole Young
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The Hip Hop rapper and producer will pay $100 million in divorce settlement, split into $50 m now and $50 m a year from now
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Young will be required to move out of their Malibu beach house but will be keeping 4 of the music star’s luxury cars
Hip-Hop star Dr Dre and his ex-wife Nicole Young have agreed to a divorce settlement, putting an end to one of Hollywood’s messiest divorces.
Young is set to receive $100 million after being married to the Death Row founder for 24 years.
Dre whose estimated net worth is $820 million will pay $50 million to his ex-wife now while $50 million will be paid a year from now.
Young will be required to move out of their Malibu beach house by the end of the month but she will keep all of her jewelry and 4 luxury vehicles (Rolls Royce, Range Rover, Escalade limousine, and Spyder motorcycle).
On the other end, Dr Dre gets full rights to his master recordings, trademarks, and interests in various partnerships and trusts.
The Hip-Hop legend will also keep all the Apple stocks, including proceeds from the sale of Beats by Dre.
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The settlement puts an end to the divorce proceeding that has played out for over 18 months after Young’s filing in June 2020.
It also forecloses Young’s ability to get spousal support, which has been contested heavily throughout the divorce.
Dr Dre and Nicole Young got married in 1996 and the two had two children- Truly Young, 19, and son Truice Young, 23 from their 24-year marriage.
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