Nicole Richie Engaged to Rocker Joel Madden

Pair has two children

Nicole Richie and Joel Madden are about to make it official.

The couple will tie the knot after three years of dating, Richie announced on "The Late Show With David Letterman" Monday.

Richie told Letterman she and Madden, the Good Charlotte frontman, would finally tie the knot while she was taping an episode of Letterman's show, reported.

The two started dating in December 2006. They have two children, Harlow, 2, and Sparrow, 5 months.

Richie also debuted her engagement ring on the show.

The socialite-turned-designer's rep could not be reached by to comment.

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