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With the holidays upon us in full force and Omicron causing a new wave of Covid concerns and cancellations, it’s no surprise that some of us might have forgotten about Dr. Dre — more specifically his ongoing divorce battle with Nicole Young.
The couple, married for 24 years before Nicole filed for divorce in 2020, citing irreconcilable differences, were declared legally single in June of this year after filing legal paperwork that terminated marital or domestic partnership status between them.
Now, according to reporting from TMZ the 56-year-old music mogul and his ex (51), have finalized the rest of the divorce with a settlement that will give her less than 1/5 of his estimated $820 million dollar fortune.
Thanks in part to a prenuptial agreement, which Nicole contested, Dre will pay Young just $100 million split into two payments, one now and another a year from now. While the sum is significant, things could have gone much worse for the artist.
Young was allowed to retain all the money in her personal accounts accrued and jewelry she received while married to Dre but loses the right to spousal support and must pay the millions in legal bills she piled up fighting the prenuptial agreement. The couple’s kids, son Truice (24) and daughter Truly (20), are adults.
The ruling is seen by many as a victory for the music producer, but it may hurt him more financially than initially thought according to reporting from Rolling Stone. He filed paperwork in Nov. during divorce proceedings that placed his net worth at $458.2 million, with $182.7 million in cash; another $6.3 million in stocks, and $269.2 million in property and assets, including intellectual property. Much of his estimated wealth comes from his stake in Beats Electronics, which Apple bought for $3 billion in 2014. His stake was worth $800 million at the time, and. It is unclear what accounts for the discrepancy.
The couple, married for 24 years before Nicole filed for divorce in 2020, citing irreconcilable differences, were declared legally single in June of this year after filing legal paperwork that terminated marital or domestic partnership status between them.
Now, according to reporting from TMZ the 56-year-old music mogul and his ex (51), have finalized the rest of the divorce with a settlement that will give her less than 1/5 of his estimated $820 million dollar fortune.
Thanks in part to a prenuptial agreement, which Nicole contested, Dre will pay Young just $100 million split into two payments, one now and another a year from now. While the sum is significant, things could have gone much worse for the artist.
Young originally filed for half of everything, but her attempts to overturn the prenuptial agreement outright proved futile in the end. The couple will split a fleet of 10 cars, with Dre getting six and Nicole receiving four. Dre retained much of their property — including a Malibu home; two homes in Calabasas, and four properties in the L.A. area, including their $100 million Brentwood estate, and most importantly, he keeps the full rights to his master recordings, trademarks, and interests in various partnerships and trusts.Dr. Dre and ex-wife Nicole Young reached a massive divorce settlement Tuesday that will see Young walk away from their 24-year marriage with $100 million https://t.co/7nWtmf7sL4
— Rolling Stone (@RollingStone) December 28, 2021
Young was allowed to retain all the money in her personal accounts accrued and jewelry she received while married to Dre but loses the right to spousal support and must pay the millions in legal bills she piled up fighting the prenuptial agreement. The couple’s kids, son Truice (24) and daughter Truly (20), are adults.
The ruling is seen by many as a victory for the music producer, but it may hurt him more financially than initially thought according to reporting from Rolling Stone. He filed paperwork in Nov. during divorce proceedings that placed his net worth at $458.2 million, with $182.7 million in cash; another $6.3 million in stocks, and $269.2 million in property and assets, including intellectual property. Much of his estimated wealth comes from his stake in Beats Electronics, which Apple bought for $3 billion in 2014. His stake was worth $800 million at the time, and. It is unclear what accounts for the discrepancy.
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