Dr. Dre to Pay Ex-Wife Nicole Young $100 Million in Divorce
(HOLLYWOOD, CA) Hip Hop icon and media mogul Dr. Dre and ex-wife Nicole Young have finalized their divorce with Dre paying out a whopping, nine-figure sum to Young in a property settlement agreement.
While his net worth is estimated at upwards of $820 million, according to Financial Channel Network, Dre is “delighted” Young is only getting a portion of his estate. Dre is to pay Nicole $50 million now, and another $50 million in one year.
With that payment, Dre keeps seven properties they owned together, full rights to his master recordings, trademarks and interests, and all of their Apple stocks including proceeds from this selling of Beats by Dre. As for their cars, Dre gets six and Nicole gets four.
Aside from the $100 million, Nicole gets to hang on to jewelry, cash, and bank accounts that she maintained during their marriage — and must also pay for her own multi-million dollar legal fees.
