Dr. Dre Set To Become Rap’s First Billionaire With Sale Of Beats Entertainment

Is Dr. Dre about to be rap’s first billionaire?

Forbes reports that the 49-year-old producer is about to pass up SeanPuff DaddyCombs as the wealthiest man in hip-hop due to the reported buyout of his company Beats Electronics by tech powerhouse Apple.

The company is reportedly set to be sold for a cool $3.2 billion,  according to The Financial Times, which would significantly bump Dr. Dre’s net worth up from where it currently sits at $550 million (Combs is worth an estimated $700 million.) Still, billionaire status is yet to be confirmed.

Rumors of the buyout come less than a year after the Beats By Dre music streaming service was launched, which the hip-hop mogul created with Beats Electronics co-founder Jimmy Iovine along with Trent Reznor. Meanwhile, the company’s line of headphones have been wildly popular for several years.

According to The Daily Mail, the acquisition of Beats would mark the largest purchase for Apple in at least ten years. However neither Apple nor Beats Electronics have made an official announcement.


Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From 98.7 AMP Radio - More Hit Music Every Hour

AMP Live 2017Tickets on sale NOW. Click here to get yours!
Kendrick Lamar to Perform at The Palace this JulyTravis Scott and D.R.A.M. will open.

Listen Live