WHEW! After the long divorce battle between Dr. Dre & his ex-wife Nicole Young, both parties have reached an agreement. Nicole had her legal team working hard to make sure she secured the bag, and it looks like all their hard work paid off. According to TMZ, Nicole walked away from the 24-year marriage with $100 million due to their property settlement agreement.
Although it’s not exactly half, $100 million is a lot of money. TMZ says Dre is “delighted” Nicole only gets a fraction of his estate. Reports state that Dre agreed to pay their agreement which will be split up in $50 million now and the rest a year later. Dre’s estimated net worth is $820 million. Some of you may recall from our previous reports that Nicole and Dre had a prenup put in place, hence why she didn’t receive half, even though she contested the agreement.
Now that the settlement has been reached, Dre gets to walk away from the divorce with the seven properties they owned, including a Malibu home, two homes in Calabasas, and four properties in the Los Angeles area. The L.A. property includes the Brentwood estate, worth $100 million.
In addition, Dre gets full rights to his master recordings, trademarks, and interests in various partnerships and trusts. The producer will also keep all of their Apple stocks, which includes the proceeds from the sale of his company Beats by Dre. Nicole also gets to walk away with some items of her own including, four vehicles they are dividing from a fleet of cars. Dre will receive six.
Nicole will also keep her jewelry, cash, and bank accounts that she had maintained during the marriage. However, she is responsible for paying her own legal fees, which totals millions of dollars. Roomies, do you think the settlement was fair?
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