Hip-Hop now has its very first billionaire.
Dr. Dre Close To Selling Beats To Apple For Over $3 Billion
According to TMZ reports:
Dr. Dre could be days away from being the first rapper turned BILLIONAIRE … thanks to a mega-deal for Apple to snatch up his Beats Electronics brand.
Apple will reportedly buy Beats for a whopping $3.2 BILLION — and since Dre and Interscope honcho Jimmy Iovine created the brand … it’s a safe bet they will walk away with a huge chunk of that cash.
Dre and Jimmy started the brand back in 2008 with headphones — but now they’re also making bank off speakers, car audio systems, and a streaming service.
The deal could close next week … and would be Apple’s biggest acquisition ever.
Dre came in #2 on Forbes’ most recent list of hip hop’s wealthiest artists — with a net worth of $550 million … while Diddy was #1 at $700 million.
The Apple deal — first reported by Variety — could easily push the Doc to the top of that list. This would also explain his purchase of Tom Brady’s mansion.
Who ever thought that hip-hop could take it this far? Congratulations Dre!
What are YOU gonna do with YOUR life today???
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