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Dr Dre Becomes First Hip Hop Billionaire?

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Dr Dre
While Diddy is getting his honorary doctorate from Howard University, Dr. Dre had his eyes set on making $3.2 billion from a Beats deal. Which would make Dr. Dre the first hip hop billionaire, almost…

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 -0.77% 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.

Comment(2)

  1. That was a really smart business move on his part. He learned how to play the game in Corporate America like the Big Whigs. Big Ups to Dre.

  2. I’m happy for Dr. Dre, I know that Diddy will find a way to leapfrog him as soon as he can. I don’t know if Dr. Dre’s deal or 50 Cent’s deal with Vitamin Water was a product of savvy business or just being in the right place at the right time. It’s almost like Jay-Z and Rocawear… Dre, 50 or Jay weren’t responsible for why those businesses were successful, they received a share because their name helped pushed the product. However, for an $800 million endorsement deal… I got to give all the credit to Dr. Dre.

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