AccordÂing to a TMZ report on TuesÂday, DecemÂber 28, the legÂendary proÂducÂer and his 24-year-old ex-wife have reached an agreeÂment on their legal sepÂaÂraÂtion. Nicole will receive $ 50 milÂlion now and an addiÂtionÂal $ 50 milÂlion in a year, which equates to a payÂment of $ 100 milÂlion in total.
Dre, who has an estiÂmatÂed net worth of $ 820 milÂlion, did not have to pay half of his earnÂings due to their prenupÂtial agreement.
The CompÂton native retains the sevÂen propÂerÂties he and Nicole own: one manÂsion in MalÂibu, two homes in CalÂabasas, Calif. And four propÂerÂties in Los AngeÂles, includÂing their $ 100 milÂlion estate in the BrentÂwood secÂtion of L.A.
Dre furÂther obtains full posÂsesÂsion of its masÂter recordÂings, tradeÂmarks and interÂests in partÂnerÂships and trusts, as well as their Apple stock, which includes the proÂceeds from the sale of Beats by Dre.
As for Dr. Dre and Nicoleâs vehiÂcles, theyâve split their fleet of cars, Dre will get six and Nicole will get four. The types of cars were not specified.
As for Nicole, she will keep her jewÂelÂry, monÂey and the bank accounts she had durÂing the wedÂding. HowÂevÂer, she is responÂsiÂble for her own legal fees, which a judge allegedÂly ordered Dre to pay a porÂtion of $ 500,000 by May 7. Nicoleâs legal fees are said to be in the milÂlions of dollars.
Nicole also keeps the objects of their difÂferÂent housÂes which belong to her and which have been stored.
The divorce setÂtleÂment also voids any spousal supÂport, which Nicole had received $ 2 milÂlion a month on a temÂpoÂrary basis from earÂliÂer this year. Child supÂport was also not a disÂcusÂsion as the two share adult chilÂdren: a son named TruÂice and a daughÂter named Truly.
In April, Dr Dre and Nicole Young filed docÂuÂments to legalÂize their sinÂgle staÂtus, which was approved at that time despite their divorce not havÂing been finalized.
EarÂliÂer this month, an image surÂfaced online of Dre sitÂting in front of balÂloons that spell out âDIVORCED AF,â so heâs clearÂly embracÂing this new chapÂter in his life fully.
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