Umm Forbes is out here dashing dreams, and raining on people’s parade. People just won’t let producer/ rapper Dr. Dre be great! News hit the scene late last week that technology juggernaut Apple was in talks to purchase popular head phone company, Beats By Dre, for a reported $3.2B! Dre almost but confirmed the news after posting a message online proclaiming he was about to be Hip Hop’s first billionaire. Not so fast Dre…see what Forbes said inside.
Dang way to bring a brother back down to reality! Sources report that when the deal has been finalized, Dre won’t see near a billion dollars for his stake in the company!
“Forbes Assistant Managing Editor for Wealth tells us … they’ve done the math, and after state and federal taxes … Dre will be worth in the neighborhood of $800 million.
It appears Dre only owns 25% of the company … so the max he’d make off the sale is $800 MIL. After state and federal taxes, he’s left with $480 MIL, and when you add in Dre’s other assets, that’s how Forbes now comes up with $800 MIL. Close but no cigar.”
Well all the same, I’m sure $400 million is something most people won’t see if they lived 10 lifetimes! Still a great accomplishment for Hip Hop and Dr. Dre. What do you think of about the partnership that could make Dre $400 M richer?