Saturday, May 10, 2014

Dr Dre became billionaire rapper with Apple deal

The rapper and producer Dr Dre may make a deal with Apple. Dr Dre founded a company Beats Electronics that specializes in headphones and launched music streaming service, recently. Dr Dre is in talk with Apple to sell his stake in Beats Electronics for $3.2 billion and will become a wealthy person in rapper’s world. He says to himself; “the first billionaire in hip-hop” 

Dr Dre real name is Andre Romelle Young know by rapper and record producer.  

Dr Dre met worth was $550 million last month according to Forbes. If apple purchase Beats Electronics for $3.2 billion then dre’s 25% stake would be worth $800 million and non-beats assets worth $300 million, and the rapper become would be worth $1.1 billion.  

Beats has a unique brand. Dr Dre was on second in the magazine’s rap-to-riches list on Forbes, before the Apple deal. In the Facebook video posted on Friday, Gibson served notice that “the Forbes list just changed.”

The deal would make Dre hip hop’s richest roller.

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