So it looks like Dr. Dre will NOT be a billionaire after all… But he will be one of the RICHEST in Hip Hop now, if not the RICHEST man in Hip Hop…
According to Billboard:
Dre’s stake in Beats is estimated to be in the 20-25% range. If he were to earn that amount directly from the $3.2 billion sale his take would be somewhere between $640 million and $800 million, before taxes. With that amount, combined with his earnings of $550 million last year as well as his other income streams (album sales, publishing royalties, his work with HP laptops) the hip-hop legend would be very close to a net worth of a billion dollars.
Seems like Dr. Dre is trying to get to a billion by any means necessary…
According to TMZ:
Dr. Dre just lost a bid to squeeze a quick $3 million out of bankrupt Death Row Records …
We did some digging and found Dre filed a claim in DRR’s bankruptcy case, claiming he’s owed millions in royalties … for records Death Row sold while the company was in bankruptcy.
Dre feels … since the money was raised off of his back in bankruptcy … he should get his cash before the other creditors.
The judge shut down Dre’s motion … so it looks like he won’t see a dime.