Dr.Dre officially becomes the FIRST billionaire in hip hop (only 10 black billionaires in the world)
- Thread starter MaNu Minu
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- apple beats by dre dr. dre
Forbes.com: (just check the red)
"Late Thursday night, the Financial Times reportedthat Apple AAPL -0.73% was in talks to buy Beats for $3.2 billion; the deal would be the computer giant’s largest acquisition ever. Dre’s stake in Beats currently stands at somewhere around 20-25%; we valued the company at $2 billion in our latest round of estimates.
A sale for $3.2 billion would nearly double the value of Dre’s holdings, though capital gains taxes could take a bite out of his big payday, likely leaving him with a net worth in the neighborhood of $800 million. It’s not quite enough to land on the Forbes 400, but it would easily make him hip-hop’s richest man, topping current champion Diddy by $100 million."
I'm just gone go based off what this genius said in the red...
We all know Dre's Net Worth if Beats didn't exist would be $150 million right now (he had $125mil in 2011 before beats popped off... And would've been making money off Em / Kendrick)
His CURRENT Net worth (according to Forbes) is $550million.
So that means he has $400million in beats stock (as far as how they are calculating.)
If they valued the company at $2billion when they said dre has $400mil stock, that means if it sells for $3.2 billion, to come up with how much Dre will make is Simple:
You multiply $400million by 1.625 (2.0 would be DOUBLE)
$400mil x 1.625 = $650 million (if apple was buying for $4 Billion, it'd be $800 milion, for you slow ones)
$650 million after 23.8% capital gains / medicare tax = $495 million
$495million + the $150mil he had BEFORE beats by dre = $645 mil
Hold up a sec.... Be right back...
As you can see.... Even GOING BY THE WORDS OF FORBES, Sean Combs is still the man, and Dre will go back to his struggle pawg and still working on Detox while Willow Smith becomes a Grandmother..
Really: Bringing Clarity to the Coli since 2013
@L&HH.... U *Furious* (your lil knowledge bout the capital gains tax was just that: "Knowledge"... I can get that knowledge in 2 seconds... You'll never be able to go to Google and get this *intelligence* tho
.... And it aint for sell
)
#FactsOnly
#GPOY2014
kevin arnold
Superstar
Wall Street Journal is making the same mistake folks in this thread are making and the same mistake Forbes makes...and its crazy cuz they should all know better: If the majority of Dre's net worth is invested in Beats, then you don't get to add that amount on after he sells Beats, you only get to add the difference between what it was worth before the sale, and what you pocketed after the sale.
Like Forbes will regularly do shyt like this:
2008: Jay Z is worth 300 million from his stake in Rocawear (I'm ignoring all his other businesses for this example)
2009: Jay Z sold his stake in Rocawear for 350 million, now he is worth 650 million.
NOPE. Thats not how it works, Jay would still only be worth 350 million becuz once you sell the asset you no longer own it (should be obvious) his original 2008 net worth was estimated based already on what the value of Rocawear would be if he sold it. You can't count your money twice...
Thats that funny math they do. Congrats to Dre tho...
Edit: This Too...
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BasedPrime
Xbox Woe
GoogleMe
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It only took Dre, what, 5-6 years?
Ruh Roh
Looks like I could have mis-calculated on that $645mil figure ....
"The IRS divides capital gains into short-term and long-term investments, according to Bankrate. If you sell real estate you've owned for less than a year, your capital gains rate is taxed at the same rate as your regular income (40% for dre). If you've owned it for a year and a day or more, the maximum tax rate is 23.8 percent."
"On September 27, 2013, HTC confirmed its plan to sell its remaining 24.84% stake in Beats back to the company for $265 million, with the deal expected to close by the end of the year"
*Checks Calender*
*Gulp* ... It's only May!
$645Mil $619 Mil
@L&HH ... Thanks for the business lesson twerp
#FactsOnly
Looks like I could have mis-calculated on that $645mil figure ....
"The IRS divides capital gains into short-term and long-term investments, according to Bankrate. If you sell real estate you've owned for less than a year, your capital gains rate is taxed at the same rate as your regular income (40% for dre). If you've owned it for a year and a day or more, the maximum tax rate is 23.8 percent."
"On September 27, 2013, HTC confirmed its plan to sell its remaining 24.84% stake in Beats back to the company for $265 million, with the deal expected to close by the end of the year"
*Checks Calender*
*Gulp* ... It's only May!
@L&HH ... Thanks for the business lesson twerp
#FactsOnly
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White PPL gttn mad LMAO
More black billionaires
More black billionaires
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California Burrito
Slangin' Chorizo
