Dr Dre Has Now Become The World's First Hip Hop Billionaire!!!!

[Quickerblade]

Never purchase a trend. Incredible for Beats...stupid choice for Apple. There is no special innovation. Simply a trend with great showcasing.  What happen to FUBU?

I think the focus is on the streaming music part of the business, not the bulky headphones.

I still use piratebay

[thebrink]

Joe!!! That you?

 

[ESFitness]

ESFitness is about to chime in. He had apict. of him. Im sure he gets a part of the deal because of his
guitar string use (To wire his eye socket back in place). That makes him a musician, producer also.

dre also made a killing on the company that produced the technology used for the Tupac hologram at Coachella a couple years ago. was talking with his ex-wife and manager about it Monday morning after... I forget the percentage pop, but I wanna say something like 300%... don't believe dre owned it personally, but a company he owned had a big stake in the hologram co.

it's not just dre making the money.. dude's gotta team around him 24-7.

[ESFitness]

lol
that's the amount he settled for but it was meant to be a few times that if I remember. Or maybe that's just the net after taxes.

it's a trip how he basically gets deals thrown at him, doesn't even work anymore

dude, seriously just stop talking about anything related to business.

the amount he 'settled for'? lol... holy fuck are you ignorant. 50 didn't have any part in that deal. all 50 was was a shareholder... a large shareholder. he didn't OWN the fucking company and he wasn't negotiating with coca cola . jesus Christ. google this shit before you post it.

he owned shares of the water co... when coke bought it, the value of his shares increased.

same thing happens if I own 1million $1 shares of Nikon, and Cannon comes in and offers to buy Nikon for $2 a share... guess what happens to my shares?

[Icelord]

dude, seriously just stop talking about anything related to business.

the amount he 'settled for'? lol... holy fuck are you ignorant. 50 didn't have any part in that deal. all 50 was was a shareholder... a large shareholder. he didn't OWN the fucking company and he wasn't negotiating with coca cola . jesus Christ. google this shit before you post it.

he owned shares of the water co... when coke bought it, the value of his shares increased.

same thing happens if I own 1million $1 shares of Nikon, and Cannon comes in and offers to buy Nikon for $2 a share... guess what happens to my shares?

I'm too drunk to respond to this point-by-point. But the takeaway is you're a criminal and I'm not, so I win by default. Hahahha.

[ESFitness]

I'm too drunk to respond to this point-by-point. But the takeaway is you're a criminal and I'm not, so I win by default. Hahahha.

well, you can win, but your knowledge of business is still below that of the Mexican fella selling oranges on the side of the road. (who, btw, you and your liberal buddies would love to give welfare and drivers licenses to, despite him never paying taxes)

[Icelord]

well, you can win, but your knowledge of business is still below that of the Mexican fella selling oranges on the side of the road. (who, btw, you and your liberal buddies would love to give welfare and drivers licenses to, despite him never paying taxes)

Post your cock.

[G_Thang]

[gmflex]

DRE owns 37.5% of beats before the sale to apple

 http://www.celebritynetworth.com/articles/entertainment-articles/dr-dre-pays-150-million-buy-beats-dre-company/

[Palpatine Q]

Arguing over other people's money.....LOL.

Getbig sucks....badly

[Simple Simon]

Arguing over other people's money.....LOL.

Getbig sucks....badly

No matter how rich Dre gets, hes not getting a fucking penny off me.

Fuck his shitty music and his shitty headphones.   

[G_Thang]

DRE owns 37.5% of beats before the sale to apple

 http://www.celebritynetworth.com/articles/entertainment-articles/dr-dre-pays-150-million-buy-beats-dre-company/

Actually, it's about 20%. He should take a fixed price stock deal vs the massive tax hit. Final networth will fall in the 750-800M, not quite $1B.  The difference with this generation of rappers is, they work a bit like venture capitalists.  What would you call 50 cents investing $10M in a start-up, Vitamin Water? Now, Dre wasn't the lead, but he had enough common sense to buy back the company.  Now, didn't Michael Dell just do this?    

[Coach is Back!]

You dummy.

Of course not? You think that fucking idiot could single handedly do that? He was merely approached, like 50 cent was with vitamin water, to get involved in a deal. Their name was what was desired, not their fucking business skills. 50 cent can barely speak. I bet Dre has very little involvement in the running of the business or design decisions. Luckily, both rappers had good handlers around them to advise in getting involved.

Its a Minority Owned company (PE Backed, VC Backed). The "money" ownership behind it is the The Carlyle Group. Jimmy Iovine is the brains behind it who got Dre on-board. He's the real mogul. Its based in Cali. It's was affiliate company of Monster Inc (think high end components, cables) who they later basically hijacked shit from and then dropped partnership with, left Monster bitter. It realy started as a Monster project with endorsements by the likes of Dre. It's parent company is now Apple. That pie has to get cut up a lot of ways. Dre's is probably not that large. I highly doubt he's 50/50 ownership stake in the end but I dont know. Props to him for not being a fucking idiot when being approached for this deal. But he's no fucking business mogul.





Update: doesnt matter what is % is really. He's still going to make a lot.
President and COO Luke Wood and co-founders Dr. Dre and Jimmy Iovine. Wood is former chief strategy officer of Interscope Geffen A&M. All Dre did in this thing was sit there and let his image and reputation spur the fucking urban style horseshit adoption of these fucking ridiculous ear cups. Right place, right time, right skin color.

* Alpine drops the mic and walks off stage

"drops the mic and walks off stage"     Nice touch!