Dr. Dre To Sell Beats To Apple, Could Become Hip-Hop’s First Billionaire

Dr. Dre

From the looks of things, it looks like Dr. Dre is on his way to becoming the first Hip-Hop billionaire as it seems that Apple will be buying Dre’s Beats franchise.

Apple is reportedly buying beats Electronics and its new music service, Beats Music, for $3.2 billion.

Dre is currently worth around $550 million and is believed to own about 20%-25% of the company.  The purchase would put him ahead of the pack at $800 million and in front of Diddy and Jay Z as the race to a billi continues.

I guess at this point we can clearly say that Detox will never come out.

 

Follow us on Twitter@HipHopEnquirer and Michael “Ice-Blue” Harris @IceBlueVA

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