Dr. Dre To Become Hip-Hop’s First Billionaire With Sale Of “Beats” To Apple

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Welp, start reconfiguring that Forbes Hip Hop Cash Kings list because Dr. Dre just confirmed that all those rumors about Apple buying Beats are apparently true. This isn’t Miami news directly, but its too big to not mention.

We’re talking about $3 Billion – $4 Billion for the company that Dre started with Jimmy Iovine and partners. Beats By Dre headphones, Beats Pills and Beats Music streaming service.

β€œThe first billionaire in hip-hop, right here from the motherf**king West Coast,” Dre boasts in the video below released by Tyrese yesterday from an unidentified studio in Los Angeles.

And apparently, the deal will also involve Jimmy Iovine leaving his executive role at Universal to take on a new creative position at Apple’s music division.

Crazy shit. Dr. Dre did it.

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