American rapper, Dr Dre has agreed to pay ex-wife Nicole Young $100m in a divorce settlement.
According to TMZ, Dre agreed to pay young $50m now and $50 million a year.
This came as an agreement reached by both as asset sharing deal. Dr. Dre net worth is estimated to be about $820 million.
Although, his wife was supposed to get half of his properties, they signed a prenup contract.
After paying the agreed settlement, the rapper will keep seven of the properties they own, including a Malibu home, 2 homes in Calabasas, and 4 properties in the L.A. area, including the $100 million Brentwood estate.
The rapper would also keep full rights to his master recordings, trademarks and interests in various partnerships and trusts. He also keeps all of their Apple stocks, which includes the proceeds from the sale of Beats by Dre.
Young, however, gets to keep jewellery, cash and bank accounts that she had maintained during the marriage alongside some other properties.
After the settlement, Young would no longer get any spousal support after she contested for it heavily during the divorce.
They both decided to go their separate ways in 2020, according to Young they had irreconcilable differences.
Sources connected to Dre say Nicole could have actually gotten a bigger piece of the pie had she settled a year ago. One of those sources said, “She could have even been on the field for the Super Bowl halftime show as a friendly ex-wife.” – TMZ.
Dr Dre and Young got married in 1996, both have two children, Triuce and Truly.
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