Dre, 55, founded the hugely lucrative Beats Electronics brand and is said to be worth an estimated $800 million, yet sources tell the outlet that the pair did not sign a prenuptial agreement.
The rapper, who is also the founder and CEO of Aftermath Entertainment and was previously co-owner of Death Row Records, married Nicole on May 25, 1996. She was formerly married to NBA player Sedale Threatt.
Young is reportedly seeking spousal support and is being represented by celebrity attorney Samantha Spector in the divorce. Young is also a lawyer herself.
The pair share two adult children together, daughter Truly Young, 19, and son Truice Young, 23.
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