Apple Inc. set to make Dr Dre a billionaire
Rapper, producer and entrepreneur Dr Dre could be days away from becoming "hip hop's first billionaire" through a $3.2 billion deal with consumer electronics behemoth Apple Inc.
Apple have their eyes on Dr. Dre’s Beats Electronics brand. They are to reportedly buy Beats for a massive $3.2 billion and, it is believed, since Dr. Dre is the co-founder of the brand, he will walk away with a sizeable portion of that sum.
Founded in 2008 by Dr. Dre and Jimmy Lovine, the brand has moved from headphones to car audio and a streaming service.
The deal could possibly 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.
Source: TMZ.com
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