Beats Electronics Sale Makes Dr. Dre Hip-Hop’s Richest Man
Last week's announcement that Beats Electronics was being sold to Apple for a reported $3.2 billion shook up the entire music landscape. Along with a senior position at Apple, Dre also became hip-hop's richest man, according to Forbes. "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," says Zack O'Malley Greenburg, a senior editor for Forbes. "It's not quite enough to land him on the Forbes 400, but it would make him hip-hop's richest man, topping current champion Diddy by $100 million."