Dr. Dre posted a video celebrating the acquisition of his company Beats Audio by Apple for $3.2 Billion, claiming to be the ‘first billionaire in hip hop’.
However, according to Forbes — that’s not quite true.
Forbes Assistant Managing Editor for Wealth says that after state and federal taxes, Dre’s net worth will be around $800 million.
Dre only owns 25% of Beats Audio, so the max he would make from the $3.2 billion sale is $800 million. After state and federal taxes, he’s left with around $480 million — and if you combine that with his current assets his net worth bumps up to $800 million.
The editor adds, “Not quite enough to debut on the Forbes 400 but plenty for bragging rights.”
$800 million or a billion — he’s still paid!