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Home NASDAQ: AAPL

Dr. Dre’s estranged wife Nicole Young says rapper has $262M in cash and Apple stock

Walter Byrd by Walter Byrd
January 6, 2021
in NASDAQ: AAPL
0
Dr. Dre’s estranged wife Nicole Young says rapper has $262M in cash and Apple stock

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Dr. Dre’s estranged wife Nicole Young says Beats Electronics founder owns $262M in cash and Apple holdings

  • Young says the former couple funded lifestyle selling off valuable Apple stock 
  • She claimed from 2017-19, they spent $245 million 
  • Their cash on hand rose by $26 million, thanks to the valuable stock 
  • Rapper, 55, and estranged wife, 51, announced they were splitting last summer 
  • They share two children: son Truice Young, 24, and daughter Truly Young, 20 

By Adam S. Levy For Dailymail.com

Published: 23:38 GMT, 5 January 2021 | Updated: 23:53 GMT, 5 January 2021

Dr. Dre’s estranged wife Nicole Young said in new legal docs that her the rapper and headphones entrepreneur owns $262,000,000 in cash and Apple holdings.

Young, 51, said in legal docs that the Compton, California native, 55, continues to take in big sums of money from his business with the tech giant, TMZ reported on Tuesday.

Young’s latest statement to the court came after the former N.W.A. member claimed he didn’t have the resources to pay her the $2 million a month in temporary spousal support she’s seeking in the split to ‘maintain the status quo’ of her lifestyle.

The latest: Dr. Dre's estranged wife Nicole Young said in new legal docs that her the rapper and headphones entrepreneur owns $262,000,000 in cash and Apple holdings

The latest: Dr. Dre’s estranged wife Nicole Young said in new legal docs that her the rapper and headphones entrepreneur owns $262,000,000 in cash and Apple holdings 

Young submit to the court paperwork of accounting, illustrating how she and the The Beats by Dr. Dre mogul typically spent $2.3 monthly during their marriage.

Young’s accountant noted in court docs that the former couple funded their lifestyle selling off valuable Apple stock.

He noted that from 2017-19, they spent $245 million and their cash on hand rose by $26 million.

Young told the court that Dr. Dre has made his income appear less by using companies to hide his finances. She said that he also is paying the expenses for multiple women he’s dating.

Details: Young, 51, said in legal docs that the Compton, California native, 55, continues to take in big sums of money from his business with the tech giant. They were snapped in 2018

 Details: Young, 51, said in legal docs that the Compton, California native, 55, continues to take in big sums of money from his business with the tech giant. They were snapped in 2018

Young's latest statement to the court came after the former N.W.A. member claimed he didn't have the resources to pay her the $2 million a month in temporary spousal support she's seeking in the split to 'maintain the status quo' of her lifestyle

Young’s latest statement to the court came after the former N.W.A. member claimed he didn’t have the resources to pay her the $2 million a month in temporary spousal support she’s seeking in the split to ‘maintain the status quo’ of her lifestyle 

Young filed for divorce from The Next Episode artist earlier this summer after 24 years of marriage, as they share two children – son Truice Young, 24, and daughter Truly Young, 20.

The Beats Electronics founder has been giving Young $293,306 monthly amid their split, according to the outlet, as they remain at odds over a prenuptial agreement.

Young, who was previously wed to NBA player Sedale Threatt, said she initially signed one, but Dr. Dre later destroyed it during the better times in the marriage.

Split: Young filed for divorce from The Next Episode artist earlie

Split: Young filed for divorce from The Next Episode artist last year after 24 years of marriage 

The rapper last year showed off matching tattoos he got with his son Truice

The rapper last year showed off matching tattoos he got with his son Truice 

Last week, insiders linked to Dr. Dre told the outlet that the money he’s been giving her is more generous than she will receive through the court, which would award her between $81,002 and $138,622 monthly. 

The source said, ‘Once this case is resolved and Dre discontinues his current practice of paying for all of her expenses, Nicole is going to have to learn to tighten that belt.’

The outlet reported that Dr. Dre has reported to authorities that Young illegally took $385,029 from a company he owned, and that she refused to speak about it in a deposition.

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