One of the most chaotic divorces in Hollywood will also be one of the most costly divorces in the industry.
Dr. Dre and his ex-wife Nicole Young reached a massive divorce settlement Tuesday that will see Young walk out of their 24-year marriage for $100 million. According to sources familiar with the settlement, rolling rock That the two sides had finalized the terms of their split, co-founder of Death Row Records distributed more than a fifth of his wealth and nearly half of his liquid assets. Young will be required to move out of her Malibu beach house by the end of the month but she will keep a Rolls Royce, Range Rover, Escalade limousine and a Spyder motorcycle as well as all her jewelry.
The $100 million settlement ends the 18-month divorce proceeding that surfaced in the press following Young’s filing in June 2020 and Dre’s move to enforce a prenuptial agreement signed in 1996. But attorney Samantha Spector fought the validity of the pre-action, arguing that Young signed it under the title “Forcing”. (The couple share two adult children, Truice and Truly.)
Lawyers for both parties did not immediately respond rolling rock’Comment request.
Over the past year and a half, the battle between the 56-year-old rapper and producer — whose real name is Andre Rommel Young — and Nicole Young, 51, has aired plenty of dirty laundry. Nicole claimed in court papers that Dre kicked her out of their home in early April and “conspired to transfer their assets secretly, to deprive Nicole of her equal share.” She also accused him of several cases of domestic violence, including pointing a gun at her head twice and punching her in the head and face, which he all denied. In April, Nicole won her bid to force three of Dre’s alleged mistresses — Gillian Spear, Kelly Anderson, and Crystal Rogers — to testify in the case. Similarly, Dre filed a separate lawsuit in September, claiming that Nicole stole $353,571.85 from the coffers of the Recording One studio in Sherman Oaks.
Legal observers say the turning point in the case came earlier this year, when Spector successfully lobbied for the removal of Laura Wasser, another star divorce attorney, from the Dre team. Spector and Wasser have rung in the past, most notably in the Johnny Depp-Amber Heard divorce (as Wasser Depp, while Spector was on Heard’s team). Similarly, Howard King, who has represented the couple in previous legal matters, has been barred from representing Dre in the divorce. As a result, Ann Kelly, whose clients include Brad Pitt, took charge of Dre’s legal team.
With Wasser and King out, Nicole added more firepower to her legal team, bringing in attorneys Lisa Hilfind Meyer and Brian Friedman to untangle intellectual property issues due to the huge music library of record producers created during the couple’s union. According to Tuesday’s settlement, Wasser and King agreed to pay Nicole $50,000 to settle any potential claims between them. Both Dre and Nicole agreed not to appeal the agreement.
Although Dre is often called the number one billionaire in the hip-hop world, divorce papers filed with the Los Angeles Superior Court on November 18 put his net worth at $458.2 million, with $182.7 million of that in cash, and $6.3 million In equity, and $269.2 million in property and assets, including intellectual property. Dre was thought to be worth a lot more after Apple bought Beats Electronics in 2014 for $3 billion. His stake was reportedly $800 million at the time. It is not clear what explains this discrepancy.