Apple Computer In Talks To Buy Dre Beats For 3.2 Billion

| May 10, 2014 | 0 Comments

dr. dre

Dr. Dre is poised to become the rap world’s first hip hop billionaire.

According to reports Apple computers is in talks to buy Beats Electronics, the company co-owned by Dr.Dre for $3.2 billion.

“First billionaire in hip hop, right here on the motherf—–g west coast,” Dre is heard saying in a video that appeared on R&B singer Tyrese Gibson’s Facebook page all but confirms the deal is all but sealed.

Meanwhile, Reuters reported that the iPhone maker was close to inking a deal with Dre that would make the 49-year-old former chief of Death Row records hip hop’s highest roller.

Forbes calculated that after capital gains taxes, the deal would actually leave Dre about $200 million shy of being a billionaire. And his new net worth of around $800 million would not be enough to land him a spot on the Forbes 400.

But it would make Dre hip hop’s highest roller, putting him ahead of Puff Daddy, who currently tops the magazine’s rap-to-riches list with a net worth of $700 million.

Dre, is currently second at $550 million behind Puff Daddy.

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About the Author ()

Darnell Moore has extensively studied music and urban culture both academically and professionally for over 20 years. His writings and posts have appeared in many major urban publications. Moore is the founder and creator of Memoirs of an Urban Gentleman. Contact him , http://darnellmmusic@gmail.com/ or https://twitter.com/@darnellmmusic/

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