Dr Dre Pays Nicole Young $100 Million In Divorce Settlement
New details have been released concerning Dr. Dre’s divorce to his ex Nicole Young.
According to new reports, the pair have agreed to property settlement agreement. Per the agreement, the 56-year-old music mogul will pay Nicole $100 million. That breaks down to half now and half a year from now.
Meanwhile, Dr. Dre will receive 7 of the properties they own (in Malibu home, Calabasas, and properties in the L.A. area), full rights to his master recordings, trademarks and interests in various partnerships and trusts; and all of their Apple stocks, which includes the proceeds from the sale of Beats by Dre.
She gets to keep jewelry, cash and bank accounts that she had maintained during the marriage.
Nicole and Dr. Dre married in 1996. They have two children together – a son born in 1997 and a daughter born in 2001.
His estimated worth is $820 million, which makes him the 3rd richest rapper in the world.