Friday, December 31, 2021

Divorce Exposes Dr Dre's REAL Finances

Back in 2014 Apple Music purchased Dr. Dre's Beats headphone company making him the first billionaire in Hip Hop [click here if you missed that]. 

Not so fast...

Although Dre is often dubbed the hip-hop world’s first billionaire, divorce papers filed with L.A. Superior Court on Nov. 18 place his net worth at $458.2 million, with $182.7 million of that sum in cash, $6.3 million in stocks, and $269.2 million in property and assets, including intellectual property. Dre was believed to be worth considerably more after Apple bought his Beats Electronics in 2014 for $3 billion; his stake was reportedly worth $800 million at the time. It is unclear what accounts for the discrepancy.