Divorce Court Filings Disclose Dr. Dre’s Assets, Checking Account Balance And Average Monthly Income… And A Settlement May Have Been Reached!

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splits: 26

Dr. Dre and Nicole Younger married in 1996. They’ve two youngsters collectively. She filed for divorce in June 2020.

Throughout their 24 years of marriage, Dre reached previously-unimaginable heights of success as a musician, producer and entrepreneur.

We now have tracked Dre’s revenue since 2007. By our rely, between 2007 and 2020, Dre grossed simply over $1 billion in private revenue. His largest revenue windfall got here in 2014, which is the 12 months he and Jimmy Iovine bought Beats By Dre to Apple for $3 billion.

That acquisition, which was introduced on May 28, 2014, known as for Apple to pay Dre, Iovine and their personal fairness accomplice The Carlyle Group, $2.6 billion in money and $400 million in inventory. Dre and Jimmy every owned 25% of Beats on the time of the sale, which meant they each grossed $750 million pre-tax from the sale. After taxes, they each netted round $450 million on the money portion of the sale.

I deliver this all up as a result of, when Nicole filed for divorce she claimed they didn’t have a prenuptial settlement. Really, technically talking, she claimed they did have a prenup firstly of their marriage however he supposedly tore it up a number of years later. Like, bodily tore it up and threw the items within the rubbish.

Dre recalled issues in another way. In December 2020 his authorized staff submitted the 1996 prenup to the divorce courtroom. That prenup clearly laid out that every one property acquired throughout their marriage could be separate, as in… what he earned could be his and what she earned could be hers.

On the hand, the prenup did enable for Nicole to hunt spousal assist. And boy did she search spousal assist. After Dre filed the prenup, Nicole submitted a request for spousal assist. The quantity she requested?

$2 million PER MONTH

She additionally requested a one-time fee of $5 million to cowl her authorized payments.

A decide ended up ordering Dre to cough up $300,000 in non permanent month-to-month assist.

(Photograph by Mike Coppola/Getty Pictures)

Quick ahead a 12 months and this battle is one step nearer to being resolved.

This week Dr. Dre submitted an in depth account of his monetary scenario. That is sometimes an indication that the 2 fighters are aiming for a settlement settlement and now they only want to determine precisely what’s up for grabs.

Beneath are the seven juciest monetary particulars we simply realized from Dre’s submitting:

#1) Dre’s common month-to-month revenue in current months been $228,000. That works out to round $2.7 million per 12 months. He earns roughly $84,000 per thirty days from inventory dividends.

#2) Within the final 12 months, Dre has bought $73 million value of Apple shares.

#3) In 2020 Dre paid himself $4 million from his private LLC.

#4) Within the final 12 months, Dre’s whole bills got here to $17 million. He spent $3.2 million on mortgages, $2.3 million on “leisure,” $250,000 on groceries, $177,000 on charitable donations, $156,000 on well being care, $104,000 on automobiles and $21,000 on cellphone plans. He additionally gifted his youngsters slightly underneath $8 million.

This is the place it will get actually good.

#5) In keeping with his submitting, Dr. Dre at the moment has $182 million in his checking/financial savings accounts. Particularly:

$182,744,809

#6) Dr. Dre’s whole present inventory holdings quantity to $6 million which means he has bought off the overwhelming majority of his Apple shares. That strains up with level #2 above.

#7) Exterior of his shares, checking/financial savings accounts, Dr. Dre owns an extra $269 million in “actual and private property.” That is normally actual property, artwork and different arduous property.

Once you whole all of it up, Dr. Dre’s assets are currently worth around $470 million.

In keeping with the courtroom’s most-recent order, Dre will proceed to pay Nicole month-to-month assist of $300,000 till a ultimate settlement is reached. That settlement will both be a big lump sum fee, a big month-to-month assist or some mixture of the 2. It is as much as the divorcing events to determine what route they need to take as soon as they’ve determined to choose a settlement.

In keeping with sources that reported to Rolling Stone, the couple goes with a lump sum of…

$100 million

Rolling Stone’s supply claims that in accordance with the settlement settlement, Nicole will quickly transfer out of the couple’s Malibu mansion within the subsequent few weeks. She will even reportedly preserve a Rolls Royce, Vary Rover, Escalade limousine, and Spyder bike in addition to all of her jewellery.

There’s one final query. How is Dre “solely” value $470 million? Should not he be close to billionaire standing? Nicely, first off now we have been clear for years that, regardless of what you will have learn on a thousand web sites, Dr. Dre is not and has never been a billionaire.

Then again, I’ll admit that now we have lately estimated his net worth within the $600-700 million vary. In our protection, it is nonetheless my assertion that Dre’s net worth might have in the end been $600-700 million if you take note of the worth of his future royalty stream, and most significantly, the rights to his music catalog. I do not consider the $470 million quantity consists of the worth of his life rights. Contemplating he owns items of Eminem, Snoop Dogg, 50 Cent, his personal music and dozens of different artists… his music catalog is presumably value lots of of thousands and thousands of {dollars} based mostly on current comparable gross sales.


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