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

[Michael's Black Son]

Luda had headphones?????

 

[b_roll_ya]

snoop sneaking in the house for dem "chronic" royalties

 

[PHamm]

nikkas in here breaking down "after tax" numbers lmao.... y'all dudes man.

diddy stans salty as fukk

 

[Brad Piff]

dudes attempting to show math work more in the coli than they ever did in school smh

 

[MaNu Minu]

according to forbes, he owns 25% of the company, and hes already at 550 M

hes confirmed billionaire

 

[PHamm]

them dudes in the lowrider in the "Too Gangsta for TV" movie lost

 

[L&HH]

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

Except you're talking out of your ass because they bought back HTC's shares. 25% of it in 2012 and the rest of the 25% in 2013 because HTC started losing market share in their industry

 

[dora_da_destroyer]

doubt he walks off with even a billie, the employees get cashed out too, the bank that brokers the deal gets paid, i'm pretty sure some of the deal will be Apple stock (tho they are one of 2-3 companies that can pay cash), legal fees, taxes - but what he does net should put him over the 1 billion mark. my girl works for their streaming site... i tried to get on when it was just struggling MOG but they had no open marketing positions, it's still struggling but being in the Beats fam, she's about to get paid.

west coast

 

[L&HH]

Pretty sure that tax bracket gets taxed less

And wouldn't it be considered s capital gains tax which is only like 15%

 

[Kimo_bud]

West coast won the war

 

[mson]

Luda had headphones?????

So did the Rza

 

[Saysumthinfunnymike]

Dre to Diddy: "you talkin bout them M's nikka? "

 

[Xtraz2]

Westcoast with tha power move to shyt on all y'all nikkaz

:sadcamel: :sadbighomie:

 

[mson]

West coast won the war

What war?

 

[L&HH]

"That’s music to the ears of Dr. Dre, who collected $100 million pretax when handset maker HTC paid $300 million for a 51% stake in the company last year."


Cash Kings 2012: Hip-Hop's Top Earners - Forbes



Company was originally worth $600 million (they sold half for $300 mil, so that means the TOTAL was worth $600mil)


If Dre got $100 million Pretax for selling 50%, that means he owned 33% of the company from the JUMP (not half).


So now that they SOLD HALF THE COMPANY already, Dre's 33% dropped to 16.665% (but he was $100million richer, 50 mil after taxes)



So now, if they sell 100% of the company for 3.2 billion, Dre gets 16.665% of that.... Which is $533 Million


$533 million after taxes (half) = $266.5 Million


And thats not factoring in the lil change he have to pay Lawyers....


In the end, Dre's NET WORTH might Rise $50 to 100 million at best to $600million... because you have to remember his current NET WORTH has the value of beats factored in....


When its all said and done, Diddy still like...

nikka you have no idea what you're talking about. First you don't know how much Dre owns, they bought back all of HTC's shares in 2013. Secondly tax is not 50%. Capital gains are taxed at 15%