Dr. Dre and his ex-wife Nicole Young have officially ended their marriage and their prenup upheld by the judge... Finally "DIVORCED AF"
According to a report from the popular celebrity tabloid TMZ on Tuesday (Dec. 28), the legendary Compton producer and his former wife of over 24 damn years have reached an agreement in their legal separation. Nicole will receive $50 million now and an additional $50 million in a year, all amounting to a whooping $100 million payout all in all.
Dr Dre who has an estimated net worth of $820 million, didn't have to dish out half of his earnings due to their prenuptial agreement.
The Compton native keeps the seven properties that he and Nicole own: an abode in Malibu, two homes in Calabasas, Calif. and four properties in Los Angeles, including their $100 million estate in the Brentwood section of L.A.
Dre retains full possession of his master recordings, trademarks interests in partnerships and trust residuals and a chunk of his Apple stocks, which includes proceeds from selling Beats by Dre.
When it comes to Dr. Dre and Nicole's fleet of vehicles, the former couple have split their collection of cars with Dr Dre getting six of them and Nicole keeping four.
As for Nicole, she will keep her jewelry, cash and the bank accounts she had during the marriage. However, she is responsible for her own legal fees, which a judge previously ordered Dr Dre to pay $500,000 by May 7. Nicole Young's attorney fees supposedly amount to millions of dollars.
Nicole also gets to keep the items from their several homes that belong to her that was placed in storage.
The divorce settlement also nullifies any form of spousal support, of which Nicole had been granted $2 million per month on a temporary basis earlier this year. Child support wasn't discussed as the two have adult children: a son by the name Truice and a daughter by the name Truly.
Back in April, Dr. Dre and Nicole Young filed documents to legalize their single status and it was approved at that time even though their divorce was not yet finalized.
Earlier this month, an image surfaced on social media of Dre sitting in front of big ass golden balloons that spelled "DIVORCED AF," which showed that the West Coast legend is fully embracing this new chapter in his life and ready to move on maybe... Maybe not...Who knows?
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