Dr Dre to pay ex-wife $150m in divorce settlement
American rapper Dr Dre and his ex-wife, Nicole Young have struck a deal over his vast estate following their widely celebrated divorce.
According to reports, Dre has agreed to pay $100M (N57B) to Nicole – $50M now and the balance in a year.
In exchange for this deal, Dre got to keep 7 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.
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.
Dr Dre celebrated his divorce in a wide range of happy posts with photos on social media.
While 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.
Since their split, they have been at loggerheads of finances and prenup.
The couple got married in 1996 and are blessed with two adult children, Triuce and Truly.
Young was formerly married to NBA player, Sedale Threatt, and is a trained lawyer.
Pulse/Hauwa Abu
