RapHead

An Artist Promo Network of Talented Rap Addicts, Hip Hop Junkies, and MIC Fiends

Dr Dre - Hip Hop's first Billionaire ( Celebrates With Tyrese )

Dr. Dre leapfrogged Jay Z in FORBES’ latest rankings of hip-hop’s richest artists, claiming the number two position as his net worth soared to an estimated $550 million. Now it looks like the Beats cofounder could lay claim to the top spot in a matter of days.

Late Thursday night, the Financial Times reported that Apple AAPL -0.42% was in talks to buy Beats for $3.2 billion; the deal would be the computer giant’s largest acquisition ever. Dre’s stake in Beats currently stands at somewhere around 20-25%; we valued the company at $2 billion in our latest round of estimates.

A sale for $3.2 billion would nearly double the value of Dre’s holdings, though capital gains taxes could take a bite out of his big payday, likely leaving him with a net worth in the neighborhood of $800 million. It’s not quite enough to land on the Forbes 400, but it would easily make him hip-hop’s richest man, topping current champion Diddy by $100 million.

Views: 100

Comment by RapHead on May 11, 2014 at 4:52pm
It looks like Dr. Dre‘s “first hip-hop billionaire” celebration might have to be cut short. Forbes is speaking out on Apple buying Beats by Dre for $3.2 billion, saying that after getting the cut from his 25% share and taking out taxes, Dre’s net worth would only be $800 million. While that’s still huge, it’s just short of a billion. [TMZ & Global Grind]
Comment by sippitakeover on May 11, 2014 at 6:34pm

stayed quiet didnt he

Comment

You need to be a member of RapHead to add comments!

Join RapHead

FACEBOOK

GET YOUR MUSIC HEARD BY THOUSANDS!!!!!!!!
Click Here!

Members

JOIN IN 20SECS!

NETWORKS

Learn how to create scores for tv shows and make Millions!!!!!!!Click Here!

 

Click Here!For Songwriters looking to make it to the top of the music industry.

Disclaimer

RapHead.com does not claim the rights of any audio, video, or photos found on this site unless stated otherwise. The information in here is given as a public service, with no warranties or guarantees, neither expressed nor implied. Use the information at your own risk. Do not use this site as a means of legal recourse. The webmaster can not be held liable for anything found on or related to this site.

 

 

© 2017   Created by RapHead.   Powered by

Badges  |  Report an Issue  |  Terms of Service

Site Meter