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Apple deal won’t make Dr. Dre hip hop’s first billionaire

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Apple deal won’t make Dr. Dre hip hop’s first billionaire

Dr. Dre 4By Matthew Bridge
Hip Hop Vibe Staff Writer

Apple is closing in on a deal to purchase Beats by Dre for $3.2 billion. Given Dr. Dre being the face of Beats by Dre, it’s been safe to assume he will be hip hop’s first billionaire once the deal is completed. But, Forbes has done some calculations of the deal and came up with slightly different estimations.

Due to the sales of Beats by Dre, Dr. Dre has seen his net worth steadily climb, as he passed his former artist, 50 Cent, and also Jay-Z. But, Diddy is the one many predicted to become the first hip hop billionaire, but Dr. Dre made this seem impossible. Forbes’ calculations have given Diddy a chance of taking the top spot.

Dr. Dre will be worth $800 million after the deal is completed, placing him $100 million ahead of Diddy. After taxes on both the state and federal level, Dr. Dre will be right under the billion dollar mark. But, regardless, Dr. Dre will become hip hop’s wealthiest mogul and an overall rich man.

Follow Matthew Bridge on Twitter @DGFXLA.

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