Despite what reports and people are saying, Dr. Dre will not be a millionaire after Apple acquires Beats. Word hit yesterday that Apple wanted to buy the headphones company for $3.2 billion, so naturally it was assumed that Dre would easily become a billionaire, bit that’s not the case.
Dre owns 20-25% stake in Beats, according to Forbes. With the sale and after taxes, that would leave him with a net worth of $800 million.
The sale would make him the richest rapper, leaving him with $100 million over Diddy, who was just named the worlds richest rapper recently. But it would not leave him with enough to crack Forbes top 400.
Billionaire or not, the deal is no small feat. I’d make it rain (in my bank account) with $800 million any day.
Beats By Dr. Dre CES 2014
1. Beats Pill1 of 11
2. Dr Dre and will.i.am2 of 11
3. Kendrick Lamar3 of 11
4. Kendrick Lamar Performing4 of 11
5. Kendrick Lamar performing at CES5 of 11
6. Skylar Gray6 of 11
7. tde-kendrick-lamar7 of 11
8. kendrick-lamar18 of 11
9. 008-shawn-prez-kendrick-lamar9 of 11
10. 011-dj-drama-kendrick-lamar10 of 11
11. kendrick-lamar11 of 11
MORE LINKS ON THE URBAN DAILY