Sunday, May 11, 2014
All The Hype Has Died Down But The Facts Are Well Alive About Hip Hops Supposed First Black Billionaire . As Much As We All Would Have Liked It To Be True , Dr. Dre May Not Be There Just Yet .
The Rapper/Producer Had The Whole World Sending Out Congratulatory Messages And Praises This Week For Being Able To Sell His Luxury Headphone Company To Apple For About A Billion Dollars More Than Its Worth , But It Seems Like Even A 3.2 Billion Dollar Company Pay Day Doesnt Really Mean The Owner Himself Will Becomes A Billionaire According To Forbes Magazine .
Although Dre Only Owned A 25% Share Of His Company , Being That He Shared Ownership With Jimmy Iovine , His Share Of The 3.2 Billion Fortune Was Thought To Have Been Large Enough To Set Him Over The Coveted Billion Mark .
His Net Worth Before The Apple Deal Was 550 Million And If Calculations Are Correct His Profit From Dre Beats Will Be Roughly 300 Million . Which Means His Net Worth Will Be Around 850 Million Dollars . Close But No Cigar As They Say .
It Seems Like Dre And Diddy Will Once Again Be Neck And Neck For The Race To A Billion, With Diddy At 700 Million .
Somehow I Still Dont See This As A Bad Problem To Have Dre …..
