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.
Category: Celebrity news