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Dr. Dre Net Worth as the First Billionaire in Hip Hop

Dr. Dre Net Worth as the First Billionaire in Hip Hop

Dr. Dre net worth is $780 million before taxes, but Dr. Dre or Andre Young proclaiming as the first billionaire in hip hop history. This claim is uploaded by Dr. Dre’s friend himself, Tyrese Gibson who uploaded the video in Facebook. All of his proclaiming is based on the acqisition of Beats Electronics by Apple for $3.2 billion. Now, Dr. Dre is ranked as the econd richest rapper in the world under Sean “Diddy” Combs who has net worth $700 million, thanks to Apple’s acquisition of his Beats that made Dr. Dre beat Jay Z which made Jay Z stepped down to the 3rd rank with net worth $200 million.
Dr. Dre’s billionaire company Beats Electronics was started in 2008. Dr. Dre was commissioned by Monster Cable to design a premium headphone and made him as the co-found and co-own the headphone company named Beats by Dre alongside with Interscope Chairman Jimmy Lovine. After acquisition by Apple, Dr. Dre owned 25% of Beats which means Dr. Dre personal stake would be $750 million before taxes. Now Dr. Dre has stock in his company for $400 million in stock and $2.6 billion in cash of the Beats purchase.

Full Name, Name  Andre Romelle Young
Age, Born  February 18, 1965 (age 49) Compton, California, U.S.
Net Worth  $550 million with $620 million earnings in 2014
Endorsement  Beats
Source of Wealth  Record producer, rapper, entrepreneur
Achievements  Grammy Awards, MTV Video Music Awards.
Assets  Carlyle Group, $3.2 million Woodland Hills home, $13 million Hollywood Hills home, Beats Electronics $400 million stock and 25% stake.
Family  Nicole Young (1996–present) and have five children

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