NEWSDr. Dre & Nicole Young Reach Divorce Agreement After Nasty Legal Battle, Rap Mogul Ordered To Shell Out $100M To Ex: Report
Dec. 28 2021, Published 6:52 p.m. ET
Dr. Dre was handed a legal victory!
After a messy divorce battle with ex-wife Nicole Young, the duo have reportedly reached an agreement.
In court documents obtained by TMZ, the rap mogul has agreed to shell out $100 million — $50M now and $50M next year — to his ex. An insider spilled Dr. Dre is "delighted" with the outcome. Young did not walk away with half his assets as the former flames had a prenup.
The Death Row Records co-founder was also awarded seven properties the duo own, including a Malibu mansion, two estates in Calabasas, Calif, several properties in the Los Angeles area and their $100 million Brentwood compound.
He also gets to keep his master recordings, trademarks and all of their Apple stocks, which includes profits from the sale of the wildly popular headphones Beats by Dre. The ex's divided up their cars, with the rapper getting six and Young keeping four.
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Young also gets to keep jewelry, cash and bank accounts she obtained during their 24 year marriage. She was also ordered to pay her own legal fees — which are reportedly in the millions. She also will not be able to get anymore spousal support following the agreement.
Dr. Dre — real name Andre Romelle Young — and Young, 51, duked it out in court after their split for 18 months as they traded insults to try and discredit the other.
The duo tied the knot in May 1996 and Young filed for divorce in June 2020. They share two children together, son Truice, 24, and daughter Truly, 20. The "Forgot About Dre" rapper is also dad to four children from previous relationships: Tyra, LaTanya Danielle, Marcel and Curtis Young. His late son Andre Young Jr. died in 2008 at age 20.
Although the 56-year-old music mogul is often dubbed hip-hop's first billionaire, divorce papers filed with L.A. Superior Court on November 18, placed his net worth around $458.2 million, with $182.7 million of that in cash, $6.3 million in stocks, and $269.2 million in property and assets, including intellectual property.
