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

[Casso Dinero]

 

[Malik]

at yall salty hating ass nikkas. Dre bought Jimmy Iovine into the company, not the other way around. I'm sure Dre owns a very healthy percentage of Beats. He legit about to become the first rap billionaire.

 

[Malik]

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

You are misinformed. HTC sold back all of its shares to Beats...

Get that inferiority out your spirit....Dr. Dre is a majority owner of Beats Electronics, not an employee, not a "little nikka" but, a majority owner along with Iovine.

Apple’s Beats Purchase Could Have Saved HTC | TechCrunch

In what would have been a truly strange storyline, Apple would have effectively saved one of its chief rivals from collapse — had HTC held onto its controlling stake in Beats Electronics.

The Financial Times is reporting today that Apple is close to acquiring Beats Electronics for $3.2 billion, its largest purchase to date. HTC used to have a controlling position in Beats Electronics but since sold off its stake while watching its smartphone marketshare and stock price collapse. Had HTC held onto its stake in Beats — and assuming Apple still purchased Beats — HTC would have profited a tidy $1.29 billion. And HTC desperately needs $1.29 billion.

In 2011 HTC bought 50.1 percent of HTC for $309 million. At that time HTC was still riding on its early embrace of Android. It was one of the premiere smartphone makers in the world. And Beats was clearly transforming the headphone market. Apple’s white earbuds were no longer ubiquitous; colorful Beats headphones (and countless copycats) began to replace them.

Beats Electronics was kept a separate company despite HTC’s controlling stake. In 2012 the headphone maker’s exclusive manufacturing deal with Monster Cable ended, allowing Beats to manufacture its own hardware from then on — and pad the healthy margins on these expensive headphones even more.

Since 2011, HTC has imploded. Its stock price is down nearly 80% since its 2011 levels. Its marketshare is evaporating thanks to Samsung and Apple.

HTC offloaded Beats Electronics in two chunks. The sale of the first stake resulted in a $4.8 million net loss, the second one generated $85 million in profit.

But that 50.1 percent stake would now be worth $1.6 billion. In other words, HTC could have returned 318% on its original investment and made $1.29 billion in profit from the Apple acquisition.

 

[H@LLOW]

People should be celebrating for hiphop and for Dre being a black male billionaire not fighting on a hiphop forum

 

[beenz]

doubt Dre owns 30+% though

he doesn't have to own 30%. it depends on how many shares he owns total and how much apple is willing to offer per share.

 

[Brad Piff]

lebron gonna eat good off this too
should be a good pay day

kobe lost

 

[nose hair]

that's my g.o.a.t. hip hop producer

 

[Malik]

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

And this nikka was hating so vigorously too

 

[blackslash]

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO



HOV IT WAS SUPPOSED TO BE US

 

[muzikfrk75]

This Dre Beats shyt blows my mind

He has done crazy, stoopid hella good off this and I'm sure he didn't expect it to blow up like this either

One of hip hops greatest success stories IMO
Arriba la raza

Man and I thought George Foreman ate well off of selling those grills

 

[Malik]

Boston Globe saying Dre buying Tom Brady's mansion in LA for $50 million Detox ain't never dropping

Dr. Dre reportedly purchasing the Brady/Bundchen estate for $50 million - Style - The Boston Globe

 

[Julius Skrrvin]

It's gonna be Dre, then Puff, then Hov

 

[ROFL_GUY]

 

[beenz]

Boston Globe saying Dre buying Tom Brady's mansion in LA for $50 million Detox ain't never dropping

Dr. Dre reportedly purchasing the Brady/Bundchen estate for $50 million - Style - The Boston Globe

you got that right. he making money hand over fist for basically doing nothing

 

[Xbox One X]

I remember my dad used to catch feelings whenever he caught me listening to rap, especially Dre. One time he was like "you're listening to this crap but don't you know these guys will be dead or broke in ten years?"

*emails article to him*
hip hop

Cac alert