What is Dr Dre's net worth? Rapper to pay $100M to ex-wife Nicole Young amid divorce
Dr Dre and his ex-wife Nicole Young have finalized their divorce settlement after a lengthy battle of 18 months. As per the settlement, Dre whose real name is Andre Young is forced to pay his ex-wife $100 million in total - $50 million now and $50 million next year, reported TMZ.
Nicole filed for divorce after 24 years of marriage in June 2020 citing "irreconcilable differences" as a reason for the split. Young initially asked for a whopping $1.9 million a month as well as have her $5 million lawyer fees paid by Dr Dre.
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The 56-year-old rapper is delighted his ex-wife is only getting a fraction of his $820M fortune as part of divorce settlement, TMZ reported on Tuesday.
Dre will get the ownership of all his music, trademarks and his 'various partnerships and trusts'. He will also get Apple stocks that he received when he sold Beats by Dre to a tech company and seven of the properties they owned together. The rapper gets six of their cars while Nicole will get four. Nicole will get ownership of all the jewelry, cash and bank accounts she created during their marriage.
The divorce settlement bars Nicole from receiving spousal support. Previously, Dre was paying her $350,000 per month in temporary support throughout the divorce.
The divorce settlement has been lengthy due to the dispute over whether their prenup was still valid. Nicole claimed she was forced to sign a prenuptial agreement before their wedding on account of Dre's enormous wealth at the time.
She alleged that Andre 'felt ashamed that he had pressured me into signing a premarital agreement and he tore up multiple copies of the agreement in front of me'. She added that both of them agreed the prenup was void. Dr Dre objected to this version and claimed the prenup was still legally active. Rolling Stone reports that neither Dre nor Nicole are planning to appeal the settlement that was agreed upon by both parties.
Andre and Nicole were married for 24 years after getting hitched in 1996. They have two children together. Dre was rumored to be in a relationship with Apryl Jones earlier in 2021.