Dr. Dre agrees to pay ex-wife Us$100m in divorce settlement 

Dr. Dre agrees to pay ex-wife Us$100m in divorce settlement 

American top music producer and business mogul, Andre Young, alias Dr. Dre has settled his divorce case by striking a property settlement agreement with his estranged wife, Nicole Young.

Dre agreed to pay off Young a total of 100 million US dollars (about 115.25bn/-) in installments of – 50 million now and 50 million US dollars a year from now. The two tied the knot in 1996 and were blessed with two children, Truly Young, and Truice Young.

In exchange for this deal, Dre got to keep seven of the properties they own, including a Malibu home, two homes in Calabasas, and four properties in the L.A. area, including the 100 million US dollar Brentwood estate.

He also got the full rights to his master recordings, trademarks and interests in various partnerships and trusts.

The billionaire rapper and music executive also got to keep all of their Apple stocks, which includes the proceeds from the sale of Beats by Dre.

Nicole got jewelry, cash and bank accounts that she had maintained during the marriage.

Nicole filed for divorce from the millionaire rapper back in 2020. She cited irreconcilable differences as the reason for her split from the hip-hop mogul.

Author: By DAILY NEWS Reporter

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