Sources close to the situation told NBC News on Wednesday that rapper and producer Dr. Dre’s divorce from Nicole Young was finalized with a $100 million settlement after 18 months of legal back and forth.
Dr. Dre, whose real name is Andre Romelle Young, was married to Young for almost 24 years. They have two grown children, Truice, 24, and Truly, 20.
The terms of the settlement say that Young will get $50 million right away and the other $50 million in a year. Spousal support is not part of the deal, the sources said. Young leaves the marriage with all of the jewelry and four cars: a Rolls Royce, a Range Rover, an Escalade limousine, and a Spyder motorcycle.
The agreement says that Young, who is 51, has to move out of their Malibu beach house by the end of the month and pay for her own legal fees.
Sources say that Dr. Dre, who is 56 and worth $820 million, will keep most of his money, including his master recordings, trademarks, and shares in various partnerships and trusts. He will also keep all of his Apple shares, which includes the money from the sale of Beats by Dre, which Apple bought for $3 billion in 2014.
The musician will keep six cars and seven of the couple’s properties, including a Malibu home, two homes in Calabasas, and four properties in the L.A. area, including a $100 million Brentwood estate, sources said.
Rolling Stone said that Dre was “delighted” that his ex-wife would only get one-fifth of his liquid assets and that she would have gotten more if she had settled sooner.
When the couple got married in 1996, Young signed a prenuptial agreement. She later claimed that she was forced to sign it.
Young first asked for a divorce in 2020, saying that she had “post-traumatic stress syndrome” because of abuse. Young said in court papers that in 1999 and 2000, Dre “held a gun to my head” twice and “punched me in the head/face.”
Dre has strongly denied the charges.
What Is Dr. Dre’s Net Worth?
Dr. Dre is a rapper, actor, business owner, and producer from the United States. At the time this was written, Dr. Dre was worth $500 million. Dr. Dre is one of the most popular musicians of the last 30 years. He has made hundreds of millions of dollars from his music career alone, and he has made a lot more from his business ventures.
Dre has sold hundreds of millions of albums and singles over the course of his career, both as a member of N.W.A. and later as a solo artist. Then, through his production company/label, Aftermath Entertainment, he helped Eminem and 50 Cent get their careers started.
Outside of music, Dr. Dre and music producer Jimmy Iovine started a company called Beats By Dre. Apple bought it for $3 billion in May 2014. At the time of the sale, both Jimmy and Dre owned 25 percent of Beats by Dre, so they each got $750 million before taxes. After taxes, Dr. Dre had a $780 million fortune after the sale, which he could add to his other assets.
In June 2020, it was said that Nicole Young, Dre’s wife of 24 years, had filed for divorce. It is said that the couple does not have a prenup. In a court document from December 2021, Dr. Dre opened up about his money. The filing showed that Dr. Dre has assets worth $450 million to $500 million and makes an average of $230,000 per month. In 2021, Dr. Dre sold Apple shares worth $73 million, and the filing showed that he had $182,733,809 in his checking and savings accounts. He also owns stocks worth $6 million and things worth $270 million.