Dr Dre set to become billionaire

Dr Dre could be set to become hip-hop's first billionaire.

The rapper and producer is in talks to sell his Beats Electronics headphones business to technology giant Apple for $3.2billion, making him the richest hip hop star in the world, according to the Financial Times.

In a recent article in Forbes magazine, Dre ranked as the second wealthiest rapper, behind Puff Daddy, whose estimated worth is $700million, but the new deal would put him ahead of the star, who has earned money from his Revolt TV business as well as music.

Dre prematurely described himself as ''the first billionaire in hip hop'' in a video posted on Instagram, which has since been taken down, as the Forbes.com claims he would only cash in on his 20 to 25 per cent stake in the business, meaning his net worth increase from $550million to about $800million.

The 49 year old transformed into a business mogul in 2008 when he launched Beats by Dr Dre with music producer and friend Jimmy Lovine and the pair will soon make a huge investment if they decide to sell the business.

Third on the rich list of hip-hop stars in Jay Z, who is worth an impressive $520million, thanks to his Rocawear clothing line, tours, and Roc Nation record label.


Contactmusic

Tags: Dr Dre - Sean Combs - Jay Z

Advertisement

More Dr Dre

Dr. Dre Eclipses Competition To Top Forbes' World's Highest-Paid Hip-Hop Act List, Earning $620 Million

When it comes to the world of hip-hop, there is only one king and his name is Dr. Dre! The American, rapper, producer, record label...

Kendrick Lamar Samples Isley Brothers on New Track, 'I' [Listen]

Kendrick Lamar has returned with his first single since 2012. Entitled 'i', the song samples The Isley Brothers' song 'That Lady', previously used in tracks...

Everything We Know So Far About ‘Straight Outta Compton’ The N.W.A. Biopic

The story of influential rap group N.W.A. is getting the Hollywood treatment, with biopic Straight Outta Compton about to begin production. With the main cast...

What Was Universal Thinking with 'Straight Outta Compton' Casting Call?

Universal has apologized after an agency working on its behalf issued an offensive casting call for the N.W.A biopic Straight Outta Compton, asking for woman...

Advertisement

Eminem's Wembley Stadium Gig Loses Itself In The Sheer Size of The Place

Eminem didn’t want to perform at Wembley Stadium, the 90,000-seater home of the English national football team. Instead, he wanted to be part of the...

Eminem Rocks London In Very First Wembley Gig

So Eminem is still a thing. Despite the rapper’s career deflating slightly after the 00s, he is still big. Big enough to fill Wembley Arena...

NWA Biopic Straight Outta Compton Gets a Release Date

The NWA biopic, ‘Straight Outta Compton’, has a release date and a first-look picture courtesy of the collective’s most successful solo breakout artist, Dr Dre....

Apple to Buy Dr Dre's Beats Electronics For $3.2 Billion. That's BILLION.

Technology giants Apple are hoping to wrap up a $3.2 billion deal to buy Dr Dre's Beats Electronics, according to various media reports. Negotiations are...

Advertisement

Comments

Dr Dre Newsletter

Subscribe to this news alert service to receive news and reviews on Dr Dre

Unsubscribe | Unsubscribe All