Apple buys Dr. Dre’s Beats by Dre for 3.2 BILLION!
This makes Dr. Dre the first hip hop billionaire.
Or does it?!
Dre’s stake in Beats currently stands at somewhere around 20-25%… 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.
Give or take, right?!
Dre celebrated last night with Tyrese, confirming the deal in this (drunk?) video selfie below (on top of the official words this morning). Whatever the exact numbers, congrats to Dre and Apple — two of the coolest, biggest brands in the world. Them joining forces is something I’m really eager to see. Let the envelope be pushed even more..!