1. #1
    jjgold
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    Dr Dre Closing in On Being A Billionaire



    Late Thursday night, the Financial Times reported that Apple AAPL -0.42% was in talks to buy Beats for $3.2 billion; the deal would be the computer giant’s largest acquisition ever. Dre’s stake in Beats currently stands at somewhere around 20-25%; we valued the company at $2 billion in our latest round of estimates.
    A sale for $3.2 billion would nearly double the value of Dre’s holdings, though capital gains taxes could take a bite out of his big payday, likely leaving him with a net worth in the neighborhood of $800 million. It’s not quite enough to land on the Forbes 400, but it would easily make him hip-hop’s richest man, topping current champion Diddy by $100 million.
    “Beats has a unique brand—it speaks to a nice young demographic, which is really interesting to marketers,” said Peter Csathy, former president of Musicmatch, an early digital music purveyor acquired by Yahoo YHOO -0.47% in 2004 for $160 million. “When I think about Beats, I think about it as a lifestyle, I think of it as a media company, not just a hardware and music-focused company.”
    The value of that brand would also make a handful of other wealthy entrepreneurs even wealthier if the Apple deal goes through. Beats recently raised $60 million in funding from current investors including Dre, cofounder Jimmy Iovine and billionaire Len Blavatnik, via his company Access Industries.
    A sale would also nix the possibility of a Beats IPO, which some speculated could be in the offing after the company hired chief financial officer An De Vooght, who spent 16 years in a similar role at Red Bull after stints at Sony and Price Waterhouse, in March.
    Apple’s Beats buyout is still not official, and could certainly fall through. In the meantime, though, Dre appears set to break new ground in the business of music yet again.

  2. #2
    pavyracer
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    He is a great business man but if he was still rapping he would have been poor now.

  3. #3
    jjgold
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    Good point Paver

    He has to be one of richest black men in world

  4. #4
    tony_come
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    He's gay that's why

  5. #5
    Ghenghis Kahn
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    that's crazy how he's gonna make so much money from putting his name on a stupid headphone.

  6. #6
    GUMMO77
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    I need his # for a loan.

  7. #7
    Big Bear
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    i love dr dre.

    If you havent seen the movie " The Wash"

    check it out. Hilarious movie!

  8. #8
    Bronxhaters
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    interview about dre by howard stern
    http://www.youtube.com/watch?v=1wVj9CjLg54
    Last edited by Bronxhaters; 05-09-14 at 05:05 PM. Reason: add video

  9. #9
    Swaggy P
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    Good stuff

  10. #10
    wikkidinsane
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    rappers aren;t poor. There just not as rich aS the richest men in the world. They are a hell of a lot richer than i have ever been

  11. #11
    TwoWays
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    i'm afraid to say anything against minorities anymore because of possible sbr retribution.

  12. #12
    brooks85
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    Quote Originally Posted by pavyracer View Post
    He is a great business man but if he was still rapping he would have been poor now.
    it's amazing what white friends can do for you these days

  13. #13
    KRIT
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    When is detox dropping?

  14. #14
    brooks85
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    Quote Originally Posted by Ghenghis Kahn View Post
    that's crazy how he's gonna make so much money from putting his name on a stupid headphone.
    that's first thing I thought and also why Apple stock is down, Jobs would have never made this purchase.

  15. #15
    dfish
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    Quote Originally Posted by Ghenghis Kahn View Post
    that's crazy how he's gonna make so much money from putting his name on a stupid headphone.
    Apple wants more than headphones

    http://www.usatoday.com/story/tech/2...rvice/8891473/

    also so brooks is spot on,old school Apple would pass on principle alone

  16. #16
    crustyme
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    if george foreman can make 1/4 billion from putting his name on a grill......

  17. #17
    dfish
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    Quote Originally Posted by crustyme View Post
    if george foreman can make 1/4 billion from putting his name on a grill......
    http://www.unrealfacts.com/hulk-hoga...foreman-grill/

    Heard him tell this story unfreaking real,timing is everthing

  18. #18
    biggie12
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    already was a billionarie.

  19. #19
    stealthyburrito
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    He should marry oprah and become the black super power couple.

  20. #20
    jjgold
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    I heard the headphones are pretty good

    Anyone have them??

  21. #21
    gummo
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    Not worth $400. Apple stock going down the toilet in 6 months.

  22. #22
    TheCentaur
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    Yeah but it's a weak billion

    Kind of like a weak .300 avg in baseball

  23. #23
    King Mayan
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    A lot of old men around here..

  24. #24
    blstrick5
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    Quote Originally Posted by stealthyburrito View Post
    He should marry oprah and become the black super power couple.
    Lol!

  25. #25
    homie1975
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    Quote Originally Posted by biggie12 View Post
    already was a billionarie.
    no.

  26. #26
    sweethook
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    anyone who as that kind of money .. you sht somebody

  27. #27
    I/O
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    Quote Originally Posted by stealthyburrito View Post
    He should marry oprah and become the black super power couple.
    Oprah is a carpet muncher

  28. #28
    I/O
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    .....between beef sandwiches and hamburgers

  29. #29
    Jcole94
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    Quote Originally Posted by jjgold View Post
    I heard the headphones are pretty good

    Anyone have them??
    the new 2013 versions are good. the older ones the bass is kind of muddy and overpowered

  30. #30
    JohnnyD4916
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    TMZ Dr. Dre better stop counting his chickens before they hatch -- calling himself the "first billionaire in hip hop" -- a rep for Forbes tells TMZ, once the $3.2 Billion Apple deal is finalized ... the rap mogul will NOT hit the billion dollar mark.

    Forbes Assistant Managing Editor for Wealth tells us ...* they've done the math, and after state and federal taxes ... Dre will be worth in the neighborhood of $800 million.

    It appears Dre only owns 25% of the company ... so the max he'd make off the sale is $800 MIL.** After state and federal taxes, he's left with $480 MIL, and when you add in Dre's other assets, that's how Forbes now comes up with $800 MIL.* Close but no cigar. The editor says, "Not quite enough to debut on the Forbes 400 but plenty for bragging rights.”

  31. #31
    k13
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    Overpriced junk, apple is just sinking and sinking.

    3.2 million would be too much imo.

  32. #32
    pavyracer
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    Quote Originally Posted by k13 View Post
    Overpriced junk, apple is just sinking and sinking.

    3.2 million would be too much imo.
    IPhones are overpriced junk but people buy them in record numbers.

  33. #33
    ByeShea
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    Quote Originally Posted by tony_come View Post
    He's gay that's why
    Best way to network in the 21st century.

  34. #34
    wikkidinsane
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    Quote Originally Posted by ByeShea View Post
    Best way to network in the 21st century.
    lol

  35. #35
    wikkidinsane
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    Quote Originally Posted by k13 View Post
    Overpriced junk, apple is just sinking and sinking.

    3.2 million would be too much imo.
    idiot post

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