After a 12 months of nasty authorized wrangling, Dr. Dre’s divorce has lastly reached an amicable conclusion. An costly, however amicable conclusion.
Understand that Dre’s divorce was so nerve-racking that in January of final 12 months he ended up within the hospital with a mind aneurysm. When that occurs, the associated fee does not actually matter. Greatest to only lower an enormous fats verify and transfer on together with your life.
And that is precisely what simply occurred yesterday.
In response to the reported settlement phrases, Dr. Dre and his spouse of 24 years, Nicole Young, agreed upon the next key phrases:
#1: Dr. Dre will lower Nicole a verify for $50 million at present.
#2: Dr. Dre pays Nicole one other $50 million in a single 12 months.
#3: Nicole agreed to vacate Dre’s $21 million Malibu mansion by the top of the day January 1, with solely her private possessions.
#4: Nicole agreed to forfeit curiosity in his different Los Angeles properties, notably the Brentwood mansion he purchased from Tom Brady and Gisele Bundchen in 2014 for $50 million. In the present day this property is probably going price near $100 million.
#5: Nicole will get to maintain a wide range of autos, together with a 2016 Ferrari, a 2002 Tesla, an Escalade and a Vary Rover.
All in all not a nasty compromise all-around when you ask me.
In response to Dre’s personal authorized filings, earlier than paying Nicole $100 million his belongings have been price slightly below $500 million. Meaning Dr. Dre’s net worth after the settlement will presumably be round $400 million. In response to my finest digging, Dre’s $500 million estimate of his net worth included solely had belongings like actual property, money, vehicles and shares. I do not consider it consists of the worth of his future royalty streams and music catalog rights.
Both approach, as of at present Dr. Dre is legally a single man for the primary time in almost a quarter-century. A single man with $400 million in liquid belongings, together with $120 million price of completely insane LA actual property the place I am certain he’ll quickly be entertaining a few of society’s hottest bachelorettes. And do not sleep Nicole both! She’s fairly enticing herself even outdoors of her newfound $100 million net worth… okay technically $50 million at present.
Congrats to the previous couple!