Jimmy Iovine and Liberty Ross Are Engaged

Larry Busacca/VF15/Getty Images for VF
Liberty Ross and Jimmy Iovine attend the 2015 Vanity Fair Oscar Party Hosted By Graydon Carter at Wallis Annenberg Center for the Performing Arts on Feb. 22, 2015 in Beverly Hills, California.

Music industry legend Jimmy Iovine and British model Liberty Ross are engaged, Billboard has confirmed.

Jimmy Iovine: The 2015 Billboard Power 100

Iovine and Ross were first spotted out together in February 2013. A year earlier, her then-husband, Snow White and the Huntsman director Rupert Sanders, was caught cheating with actress Kristen Stewart. The couple filed for divorce in early 2013 and it was finalized last summer, Us Weekly reports.

Iovine has four children with his ex-wife Vicki McCarty and Ross has two young children with Sanders.

Iovine was a former sound engineer (Bruce Springsteen's Born to Run) and producer (Tom Petty's Damn the Torpedoes, U2's Rattle & Hum) who co-foundeded Interscope Records in 1990. He went on to launch headphone and subscription streaming company Beats Electronics with Dr. Dre. It was bought by Apple in 2014 and Iovine currently serves as an executive at the digital giant.