Dr Dre Is NOT A Billionaire After The Sale Of Beats

Despite what reports and people are saying, Dr Dre will not be a the first billionaire in hip hop after Apple acquires Beats. Apple has bought the headphones company for $3.2 billion, so naturally it was assumed that Dre would easily become a billionaire, bit that’s not the case.

Dre owns 20-25% stake in Beats, according to Forbes. With the sale and after taxes, that would leave him with a net worth of $800 million.

The sale would make him the richest rapper, leaving him with $100 million over Diddy, who was just named the worlds richest rapper recently. But it would not leave him with enough to crack Forbes top 400.