HTC Deal Could Soon Make Dr. Dre Hip-Hop's Richest

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 7 years ago '07        #1
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MFKAD 55 heat pts55
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HTC Deal Could Soon Make Dr. Dre Hip-Hop's Richest
 

 

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Superproducer and rapper Dr. Dre is already among hip-hop’s wealthiest — he was one of only five artists to register a net worth of $100 million or more, sitting on a personal fortune of $125 million by FORBES’ last count — and he’s about to get a lot richer.

Late on Wednesday, officials from HTC Corp told my colleague Eric Savitz that they had agreed to invest $300 million in Beats Electronics, the joint venture between Dre and Interscope chief Jimmy Iovine that makes the popular Beats By Dre headphone line; the company will reportedly receive a 51% stake in Beats Electronics. HTC plans to use Beats’ technology — and cultural clout — to help catch rivals Nokia, Samsung and Apple in the fiercely competitive mobile market.

So what does this mean for Dr. Dre’s net worth? Quite a lot. And, depending on the nature of the deal, it could eventually make him the richest man in hip-hop. He and Iovine conceived the brand in 2006, and the duo previously held a majority stake in the company, with Universal Music Group reportedly also holding a small share.

A back-of-the-envelope calculation: If the initial ownership split was 40/40/20, that means Dre has a $120 million coming his way, and so does Iovine. Better yet, the deal values their remaining stakes at the same price, meaning Dre’s personal fortune just got a $240 million bump.

Of course, our initial estimate of $125 million included his Beats stake; the HTC news just means it’s worth a lot more, most likely bringing his total fortune into the $300 million range. But if Dre’s initial stake was more than 40%, or if the HTC deal is actually larger than reported (as some have suggested), he could soon be worth closer to half a billion.

Even if the deal is exactly as it appears, Dre’s remaining stake could rapidly rise in value as HTC pours money into Beats. And one thing is clear: The competition for the title of hip-hop’s wealthiest — recently a two-horse race between Jay-Z ($450 million) and Diddy ($475 million) — has turned into a three-man competition overnight. At the very least, the HTC payday means Dre has a terrific chance of topping those two in next year’s Hip-Hop Cash Kings annual earnings list.

Stay tuned as I try to track down more specific numbers…


[pic - click to view]

 HTC Deal Could Soon Make Dr. Dre Hip-Hop's Richest - Forbes

Hip-Hop's Wealthiest Artists

1 -Diddy $475M,
2- Jay-Z $450M.
3- Dre $125M


Last edited by MFKAD; 08-16-2011 at 07:35 AM..

66 comments for "HTC Deal Could Soon Make Dr. Dre Hip-Hop's Richest"

 7 years ago '09        #2
ShadyVsEminem 248 heat pts248
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Diddy, Jay and 50 will be as sick as fu*k reading this


 ShadyVsEminem said:
Dre is worth more than Diddy,Jay and 50 combined and people dont even realize it

I predicted this, i knew that company was worth sh*tloads and given time he will be worth more than the 3 of them combined. Forbes have not got a fu*king clue so i wouldnt read much into there lists.


Last edited by ShadyVsEminem; 08-16-2011 at 07:37 AM..
 7 years ago '07        #3
MFKAD 55 heat pts55 OP
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bump....
 08-16-2011, 01:38 PM         #4
mikeyajeto 
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50 isn't top 3?
 7 years ago '04        #5
W24x55 61 heat pts61
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Dre will be the first hip hop billionaire.
 7 years ago '09        #6
TriniSoldier 69 heat pts69
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 08-16-2011, 01:41 PM         #7
Old Man Quillis 
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*Imagines how "WEALTHY" Hip Hop would be if people would stop selling out*
 08-16-2011, 01:42 PM         #8
TIP2009 
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lol yet 40/40 never made more than 20 million in a year, rocawear makes a few million, a year, he wasted nearly 30 million in armadale vodka as it has all but disappeared from earth, and he's worth 1.2 billion...not 450 million...so I wonder, where the other 700 million came from, when he's buying maybachs and houses in park street, and in manhattan, lol he's not living off residuals...
 08-16-2011, 01:43 PM         #9
TIP2009 
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 Dr DEEZ said:
50 worth over 100 million, am i suppose to believe that Dr. Dre is only worth 125 million.
50 isn't worth sh*t, he sold his water company for 80 or 90 million that he owed like 90 percent of that money, lol he got like 8 million out of that deal, all of his money came from his lying hype of being shot 9 times...
 7 years ago '05        #10
Soprano ATL 43 heat pts43
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 palogee said:



*Imagines how "WEALTHY" Hip Hop would be if people would stop selling out*
take your back packing a.ss back to 1988.
 7 years ago '06        #11
LYTE 138 heat pts138
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 ShadyVsEminem said:
Diddy, Jay and 50 will be as sick as fu*k reading this
[url]
fucc they mad for?
they all got their paper.
 7 years ago '10        #12
A.Dot789 1067 heat pts1067
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 TIP2009 said:
50 isn't worth sh*t, he sold his water company for 80 or 90 million that he owed like 90 percent of that money, lol he got like 8 million out of that deal, all of his money came from his lying hype of being shot 9 times...
he mad. fif made 100 million from that deal from what he owed of it. fif is worth 400 million.
 7 years ago '05        #13
Dillinger805 4 heat pts
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hes doing fine, why even waste time on making music lol
 7 years ago '05        #14
stanis3k 31 heat pts31
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guess we can all forget about detox
 7 years ago '09        #15
ShadyVsEminem 248 heat pts248
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 LYTE said:
fucc they mad for?
they all got their paper.
Because they are selling there souls to be the richest and Dre sweeps in out of nowhere with 1 deal and will overtake them
 08-16-2011, 01:48 PM         #16
freakbucket 
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lmao @ ppl arguing about how much money other n*ggas have.

more than you.
 7 years ago '07        #17
m-f 8 heat pts
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 TIP2009 said:
50 isn't worth sh*t, he sold his water company for 80 or 90 million that he owed like 90 percent of that money, lol he got like 8 million out of that deal, all of his money came from his lying hype of being shot 9 times...
You're an idiot .. I love BX.
 7 years ago '08        #18
bkid 137 heat pts137
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 TIP2009 said:
lol yet 40/40 never made more than 20 million in a year, rocawear makes a few million, a year, he wasted nearly 30 million in armadale vodka as it has all but disappeared from earth, and he's worth 1.2 billion...not 450 million...so I wonder, where the other 700 million came from, when he's buying maybachs and houses in park street, and in manhattan, lol he's not living off residuals...
lol at these n*ggas thinkin they know sh*t...
rocawear makes a few million a year?


"Rocawear has annual sales of over $700 million."
source:

add that 5mill per year he gets from Armand de Brignac just to promote Ace of Spades
and the 40/40 club
and his deal with Live Nation
and other sh*t


jay-z eating good
 7 years ago '05        #19
awall 
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I dont think jay-z or diddy are worth that much....yall can believe these internet figures if u want though.
 08-16-2011, 01:58 PM         #20
s7venwords 
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