Nicole Young filed for divorce from Dr. Dre (real name: Andre Young) last year, after 24 years of marriage. It got messy right away as Dre and Nicole lobbed accusations back and forth through the court system – Nicole claimed Dre was hiding assets and trying to enforce an unenforceable prenup and Dre accused Nicole of embezzlement and being a golddigger. It was a lot! When she filed, Nicole asked the court to make Dre pay her $2 million a month in spousal support, and she of course submitted a list of her expenses (many of which were bonkers). Well, in recent months, things have settled down… publicly, at least. Their lawyers have been trying to work out the financial aspect of their divorce, and for now, Dre has been ordered to pay Nicole $300,000 a month in temporary spousal support.
Dr. Dre’s ex-wife, Nicole Young, just scored a victory in court after the legendary rapper was ordered to pay almost $300,000 A MONTH in spousal support. According to legal documents, obtained by The Blast, the music mogul and his ex-wife were both in court for a hearing this week, hashing out specifics of how much will be paid in temporary spousal support. In the order, Dr. Dre was ordered to pay $293,306 per month to his ex-wife, which is due on the first of every month.
“[Dre] is ordered to pay to the [Nicole] spousal support in the sum of $293,306.00 per month, payable on the first of each month, commencing August 1, 2021,” the order states. If you do the math, that is a whopping $3,519,672 a year in support, not including other expenses.
The payments will continue, according to the order, “until the party receiving support remarries or enters into a new domestic partnership, death of either party.” Nicole, who is repped by powerhouse attorney Samantha Spector, is also getting her health insurance paid by Dre which will be similar to the coverage she had during the marriage. All other insurance for Nicole will be paid out of her pocket.
Plus, the judge ordered Dr. Dre, who is repped by Laura Wasser, to “continue paying the expenses for the Malibu, and Pacific Palisades homes.”
It should be noted, the rapper and his ex-wife are currently negotiating an overall settlement of their divorce, and the amount of money be paid by Dre is temporary. In other words, we are guessing after the couple agrees on a lump sum payment to be paid to Nicole by Dre, the monthly payment may cease to exist. In many wealthy celebrity cases, a divorce settlement will include any future payments to an ex-spouse.
Well, $300K a month is a huge amount of money but it’s just a fraction of what she originally asked for. But he still has to pay to maintain the expenses on two homes, which was a big chunk of the expenses Nicole claimed. So… she’s getting $300K a month, temporarily, to simply maintain her lifestyle. They’ll work out a settlement likely involving cash, real estate and jewelry and that will be it. Although who knows when they’ll get to that. Keep in mind, Angelina Jolie and Brad Pitt still haven’t worked out the financial part of their divorce, so Nicole could be getting this $300K a month for years while the lawyers fight over the settlement.
Photos courtesy of Avalon Red.
300k a month? I am in the wrong business it seems….
Yeah being a music producer/entrepreneur is a good gig if you can get it, but I’d rather pass on spending 25 years with a man who calls me a gold digger.
Yeah it’s seems ludicrous that after 24 years of marriage he thinks he can call her that.
It’s amazing to me how much this guy has gotten away w re his treatment of women, even being on record fully admitting it, and naming his co “beats” by Dre. Yeah, good one haha. It’s just painful sometimes to be a woman in this culture.
Not everything is about how gross the rich/non-rich divide is but can anyone tell me the average annual income in the US? This is nuts even when you account for the fact that spending is at least keeping money moving in the economy.
In 2019, the average income in the US was a little over $31K/year. Spousal support isn’t based on average income (or average household income) in a given local area, its based on maintaining lifestyle during the marriage or the closest proximity that can be achieved based on the finances of the person paying the estranged/ex spouse (which is why the accusation of hiding resources is a big deal here)
Why does someone with so much money take out a mortgage to buy their home(S)??
I thought rich folk paid outright for properties.
Tax shelter? That’s all I can think of. Or maybe the 3% interest on the mortgage loan is peanuts compared to what the money makes in the market or other investments.
My general impression with respect to a lot of wealthy individuals is that it’s not uncommon for them to live beyond their means. Also it’s not like they’re trying to build equity in these properties— there’s no reason not to pay minimum downpayment (which is still very hefty) and take out the longest term for loan.
The social circles they’re in demand a certain kind of spending on shoes, jewelry, clothes, purses, hair salons, mani/pedi. Probably changing out the furniture every month and constantly upgrading their tech to keep up with everyone else. And then the whole hosting parties (alcohol is expensive!), having a cook and house cleaning services and grounds keeper, etc. Having a chauffer, private plane. It all adds up really quickly, though I guess the housing stuff is covered by Dre outside the $300K. But not the hosting parties.
I found the particular mention about health insurance to be odd. What kind of health insurance does she have that it’s specifically called out as an expense? Or is this health insurance some kind of package service that includes a personal trainer or something??? Or covers cosmetic procedures???
Buying a house outright makes no financial sense. The best kind of loan you can get is your mortgage. Your cash is better used elsewhere, making a lot more money. It has nothing to do with people living beyond their means.
I think we can both be right. Some celebs are financially responsible and make smart decisions, some don’t. I didn’t mean to imply that Dre is living beyond his means. Dre has been super successful building his music empire so I have no doubt he’s savvy on that front. But you raise a very good point, Mina, thanks!
Agree. Most wealthy people have mortgages for this very reason – not because they need the loans, but because it makes more sense from a financial and tax perspective.
“Expenses” may not refer to mortgages, but taxes, staff, household maintenance and repairs. All of that will be pretty substantial in cost.
Simple … taxes of course. Why would you outright buy a home when the tax code is designed to help those with a mortgage?
Same reason why some would rather buy an apartment in NYC instead of paying rent….even though they have no intention of living them for the rest of their life
Because a smart investor doesn’t invest ALL their money into one investment all at the same time. You take out a mortgage at a fixed, low interest rate and use the rest of the money you would have spent buying the house outright to instead invest in other ventures. In the long run, those other investments make more money than sinking a large chunk of money into the single investment of the house.
Wasn’t this the case Wasser was removed from for dodgy dealings? Anyway gross amount of money all around.
The older I get the more okay I am with marrying for money
Lol, so long as I’m not required to have sex with them or share bedrooms. Or show up to social functions. Friendship, traveling the world (post covid), visiting art galleries and symphony halls to listen to Shostakovich, sustainable eco-tourism, eating at very nice restaurants, and at home having an orchard, a garden, lots of trees for bird watching, property set aside for beehives, and of course dogs, cats, goats, adopting injured horses. ☺️
HA…totally…but that is the problem….they DO expect you to sleep with them and it is totally soul crushing. I speak from experience. :/
Considering they’ve been married 24 years, and he became a near billionaire in that time, it’s almost seems kind of…low? $3 million a year? It’s insane money, but small compared to the actual fortune.
Yup, super low. I’m assuming the final settlement will be much higher?
3 million a month plus covering the cost of 2 luxury houses, but yes, the final settlement should be higher.
Honestly, he is getting off easy. $300k per month is nothing compared to his net worth…even if he has to pay that for the rest of her life that’s nothing! $3.6M * 49 (assuming she lives another 49 years to 100 year old) is still a very good deal for him!
I mean, after 24 years of marriage, getting called a gold digger is, uh, kind of ridiculous. At that point, you’ve both put the work into the relationship that even if you had married for money, you’ve earned the right to it through the legal contract. If this was a gender reversed situation, she’d be paying out, too.
I mean…you married her dude. Surely, if she was just in it for the payday, you’d have figured that out sooner lol?
These rich men complaining about women being ‘gold diggers’, yet I don’t see them dating primary school teachers, or women with normal jobs. They chase the glamorous women so they can have the trophy wife who can pop out a few kids. They in return give them a luxurious lifestyle whilst they can carry on acting like they are single, whilst the wife turns a blind eye.
It works both ways. If Dre was with a woman who didn’t want his money, she would have probably dumped him after a week. After 24 years of marriage their lives must be so entwined, not to mention his wealth would have grown to a ridiculous level during that time. He probably wasn’t as rich as he is now when they met, not to mention wives always have an uncredited supporting role in helping their husbands do business. She deserves a pay out.
Has the court ruled on their prenup? Because she is going to lose a lot if the court upholds the prenup. She deserves more for spending 24 years with him, she’s a lawyer and should have known better given his history, in just taking his word that he will cancel the prenup.
Man. I hate this gold digger BS, and I’m disappointed that Dre went there. You were married to this woman for 24 years. That’s a long marriage and a lot of the wealth he accumulated was accumulated during that time. I assume he was fine with her not having a career of her own and that enabled her to support him in his endeavors. That’s their money, not his, theirs. Sure $300k a month sounds ridiculous to us, and $2m seems astronomical, but Dre is a billionaire or close to it. That’s like $2000 to him.
He should definitely be paying her much more after being married for so many years, but seriously, no shade, why does she still need to live the life she’s used to living? Can’t see downgrade a bit? Again, no shade. Just asking a question?