After months of proceedings, Dr. Dre has agreed to pay his ex-wife Nicole Young $100 million as part of a divorce settlement that was reached between the two parties, TMZ reports.
The terms of the deal will reportedly require Nicole to pay her own legal fees, which the publication points out could cost her millions.
The famed producer and rapper will pay his ex-wife $50 million now and the remaining $50 million next year. Also part of the settlement, Dre will get to keep seven properties, including the Malibu home that Nicole is reported to be living at. Dre will also hold on to his Apple stocks, six vehicles, the rights to his master recordings, and trademarks that he owns.
On the flip side, Nicole will get four vehicles, her jewelry, as well as any cash and money she has in her bank accounts. The vehicles that Nicole will keep include a Rolls Royce, a Range Rover, an Escalade limousine, and a Spyder motorcycle, Rolling Stone reports.
According to sources that spoke with TMZ, Nicole would have received more if she accepted a settlement deal that was presented to her last year. “She could have even been on the field for the Super Bowl halftime show as a friendly ex-wife,” the source said, referencing the upcoming show that Dre is set to perform at alongside Kendrick Lamar, Eminem, Snoop Dogg, and Mary J. Blige.
Earlier this month, Dre posed for a photo with a string of balloons that read “divorced AF” after he reportedly made headway in finalizing his divorce from Nicole.
Dre and Nicole got married back in 1996 and have two adult children together, 24-year-old Truice and 20-year-old Truly.