Dr.Dre officially becomes the FIRST billionaire in hip hop (only 10 black billionaires in the world)

THE MACHINE

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:russ: at these dudes in here with their hands in Dre's pocket

on some
confusing-math.jpg


:salute: that man, hell of a come up
 

Hiphoplives4eva

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lol @ nikkas talking out of ass...


"In August 2011, mobile phone manufacturer HTC acquired a 50.1% majority share in Beats for $309 million"

Beats Electronics - Wikipedia, the free encyclopedia



HTC owns 50% ....


So ok:



They sell for 3.2billion


HTC = 1.6 billion
Dre / Jimmy = 1.6billion (at BEST... I don't think dre owns 25%, but whatever)


half of 1.6billion == $800million


$400mllion afer taxes



Now, the money dre will pull in just dropped from BILLIONS (lol), to $500mill after taxes, to now $400million.... Going to do more research, to see if its more like $300million


Leo-Toast.gif

They've since bought back those shares from HTC. They own it all currently.
 
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