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Friday, May 9, 2014
[Video] Dr. Dre Sells Beats To Apple For $3.2 Billion [Tyrese & Diddy React]
The race to become Hip-Hop’s first billionaire took an unexpected turn yesterday.
Last month, Forbes magazine put out their annual rich rapper report and crowned Diddy as the wealthiest artist out the bunch with a net worth of $700 million. Due to his many businesses, including REVOLT TV, they also predicted for him to be the first Hip-Hop artist to gain membership into the billionaire boys club.
“Not so fast,” says Dr. Dre.
Yesterday it was revealed that Apple were in late-stage talks to acquire Dre’s Beats headphones and streaming service for a cool $3.2 billion and the deal may have gone through because a drunk-off-that-Heineken Tyrese hopped on Facebook to both reveal the sale and celebrate with the good doc.
Tyrese: The Forbes list just changed! It came out like two weeks ago. They need to update the Forbes list. Sh-t just changed!
Dr. Dre: In a big way! Understand that! The first billionaire of Hip-Hop. Right here, from the motherf-ckin’ West Coast!
In the immortal words of Biggie, “You never thought that Hip-Hop would take it this far.”
Diddy definitely isn’t salty about losing his lead, though. He’s actually motivated.
He wrote on Instagram:
This is BIG! This is Historical! If anyone deserves it, it’s you! Congratulations Dr. Dre! #fromthesoontobe #DrCombs #wemadeit #proudofyou #thebarhasbeenrsised #motivated #timetogotowork
Forbes magazine has already done their math and argue that the sale won’t make Dre a billionaire just yet. According to them, after capital gains taxes, the sale will most likely leave him with a net worth of $800 million. But we’re sure he has $200 million lying around in some forgotten accounts.
Congrats to Dr. Dre! This is definitely some motivation!