Doctor must pay $100 million to ex-wife Nicole Young in divorce settlement – Billboard

Dr. Dre has reached an agreement that will see him pay $100 million to his ex-wife Nicole Young to end a messy 18-month divorce battle, a source close to Dr. legal group said Billboards. TMZ Be the first to report the news.

The agreement will halt divorce lawsuits brought by Young in June 2020 after more than 24 years of marriage. Case raised a bitter battle over a prenuptial agreement, spousal abuse allegations, attempts to bring down alleged mistresses, and claims by one party of embezzlement.

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Dre – whose real name is Andre Romelle Young – will pay Young two $50 million, one at sight and once in a year, according to insiders. He will retain full control of his intellectual property, including his music copyrights and trademarks, as well as his stake in Apple from the sale of Beats By Dre.

The rapper will also retain ownership of seven properties, including their $100 million estate in the tony Brentwood neighborhood of Los Angeles. A series of luxury cars will be split between the couple, and Young will keep her jewelry, among other assertions.

An attorney for Young did not return multiple requests for comment from Advertising panel. An attorney for Dre declined to comment. No public documents have been filed in Los Angeles Superior Court, where divorce proceedings are underway.

The total percentage of Dre’s fortune represented by the $100 million payout is unclear. According to media reports, his total net worth was previously believed to be over $800 million. However, in a court hearing in November as part of the divorce proceedings, his lawyers said his total assets amounted to only $458 million.

Prior to settlement, the main frontline in the case was a prenuptial agreement signed when the couple were married in 1996. Represented by renowned Hollywood divorce attorney Samantha Spector, Young challenged the viability enforcement and validity of the agreement, argued in Court documents August 2020 that Dre had “asked” her to sign the memo first by applying “excessive pressure,” leaving her “with no choice but to do so.”

Things got worse in 2021. In January, Young made allegations of abuse, claimed that Dre had “put a gun to my head”. Dre, represented by renowned divorce lawyer Laura Wasser, immediately denied all such claims. He then filed a lawsuit in court alleging that she fabricated the accusations as leverage in litigation.

In April, Young won a ruling that would have allowed her attorneys to disqualify three of Dre’s alleged lovers, after a so-called arbitrator found out that they could have sex. information “relevant” to prenup. And in September, Dre filed a separate lawsuit claimed Young stole over $350,000 from his studio.

The one-time payment arrangement will replace monthly payments for spousal support guaranteed under the prenuptial agreement, according to the source. Both sides have also agreed not to appeal the settlement. The couple’s children, Truice and Truly, did not participate in the proceedings, as they are both adults.

Dre was also represented in the divorce proceedings by Howard King of the law firm King Holmes Paterno & Soriano, and Anne C. Kiley of the law firm Elkins Kalt Weintraub Reuben Gartside LLP.

https://www.billboard.com/business/legal/dr-dre-pay-100-million-to-ex-wife-nicole-young-divorce-settelment-1235014572/ Doctor must pay $100 million to ex-wife Nicole Young in divorce settlement – Billboard

Dais Johnston

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