Celebrity: Dr. Dre
Date of Birth
Dr. Dre’s Net Worth: $800 million
American music producer, rapper, actor and entrepreneur, Andre Romelle Young, famously known as Dr Dre, who has a net worth of $800 million was raised in South Central Los Angeles during the budding West coast hip-hop scene.
Dre who goes to the nightclubs often where he eventually learned to DJ became a member of the electro-hop group World Class Wreckin’ Cru, in 1984 and after meeting fellow rapper Ice Cube, he joined the rap project N.W.A. run by rapper Eazy-E under Ruthless Records where he released the debut album “Straight Outta Compton”, in 1988. Violent, profane and undeniably groundbreaking, Straight Outta Compton would eventually be certified double platinum and would go down in music history as one of the most pivotal albums for hip-hop.
Dr. Dre who left N.W.A. three years later and co-founded Death Row Records with Suge Knight, later released his very first solo album titled ‘The Chronic’, that grew to number three on the Billboard 200 and also went multi-platinum less than a year later. While also getting Dre a Grammy for Best Rap Performance for the single, “Let Me Ride”.
Dre later on in 1996 launched the Aftermath Entertainment where produces and showcased many talents such as rapper Eminem, Mary J. Blige, 50 Cent and others. Asides his music career, Dr. Dre also ventured into acting by featuring in movies including ‘Set It Off’ and ‘Training Day’.
Dr. Dre was later commissioned by Monster Cable Products to design a line of premium headphones fro them in 2008, in the end, he ended up being the co-founder and co-owner of the headphone company “Beats by Dre” with Interscope Chairman Jimmy Iovine.
Then on the 28th of May, 2014, Apple Inc officially confirmed that it was acquiring Beats by Dre for the whooping sum of $3 billion ($2.6 billion in cash and $400 million in stock) and since the time of the sale, Dr, Dre owned 25% of Beats, this implied that his personal stake would be worth $750 million before taxes and roughly $500 million after taxes. And when you combined this with Dre’s separate $280 million earnings from music, this makes him officially worth $780 million after taxes when the deal closed.